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China's Ministry of Commerce (MOC) announced Tuesday it is to extend an anti-dumping investigation into carbon steel fasteners imported from the European Union. The investigation would be prolonged by six months to June 29 next year because "the situation in this case is quite special and complicated," said a brief notice on the MOC website without furth...
China CNR Corp posted the smallest first-day trading gain among initial public offerings in the country this year after more than 90 sales since June cut demand for new shares. China’s biggest maker of rail and subway cars rose as much as 6.5 percent to 5.92 yuan in its Shanghai debut, from the initial public offering price of 5.56 yuan. The average...
Chinese equities continued to rise on Tuesday with the benchmark Shanghai Composite Index up 0.72 percent, or 22.98 points, to close at 3,211.76 points. The Shenzhen Component Index gained 0.3 percent, or 40.00 points, to close at 13,503.99 points. Combined turnover expanded to 194.38 billion yuan ($28.46 billion) from 182.13 billion yuan on the previou...
Premier Wen Jiabao said yesterday that the nation will not bow to pressure from other countries to revalue the yuan because they are using the issue as a tool to curb China's development. He also cautioned against the possibility of rising inflation in the country next year and said that it's too early to say that the national economy has fully recovere...
Commercial Aircraft Corp of China Ltd (COMAC), which is in charge of the indigenous C919 passenger airplane program, yesterday said it has started work on the final assembly line at Pudong New Area in Shanghai and expects it to be operational by 2012. The assembly line is located south of the Pudong International Airport and spread over an area of 267 hec...
Bumper harvest will contribute to stabilizing global prices: Experts The nation's grain output is likely to reach a record 530 million tons this year, which analysts said would help anchor global grain prices. It would be the third consecutive year in which the country's grain production exceeded 500 million tons and the sixth straight year it recorde...
China Investment Corporation (CIC) may invest up to $300 million in the proposed Hong Kong float of Russian aluminum producer United Co Rusal, a source close to the sovereign wealth fund said yesterday. CIC is, however, yet to take a final decision in this regard, as buying into the highly indebted company is still viewed as a risky investment, the source...
China will "very probably" surpass Germany and become the world's largest exporter this year, the Ministry of Commerce said yesterday. "The year of 2009 was the hardest in Chinese trade history, but the nation has made positive headway (in stabilizing exports)," Zhong Shan, vice-minister of commerce, said during the China Economic Forum yesterday. "The...
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