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China Mobile, the world's largest mobile carrier, agreed to pay 1,000 yuan ($146) to a subscriber to settle a lawsuit over its mandatory fees, potentially opening the door to a flood of similar complaints. The case, one of the first to find in favor of the plaintiff after China's landmark anti-monopoly law came into effect last year, was settled out of ...
A group of 30 millionaires plan to sue 11 foreign banks including ABN AMRO, DBS, HSBC, and Citibank in Beijing, claiming those banks cheated them into buying complex financial derivatives which led to losses of more than HK$1 billion ($129 million). Lai Jianping, a partner of the Transking Law Office in Beijing and director of a so-called 'Victims Associ...
China has reiterated its commitment to proactive financial policies and moderately loose monetary policies amid market speculation that it might be preparing an exit strategy. Despite the fact that the country's economic growth is likely to speed up in the fourth quarter, the government will stay the course on its fiscal stimulus spending and its support...
E Fund Management Co, China's fifth-largest mutual fund company by assets, said yesterday that the quota it received from the government to invest in overseas securities indicates that regulators believe the global economy has exited the worst of the financial crisis and will generate business opportunities for domestic fund houses. The State Administrat...
Chinese Vice Premier Li Keqiang restated on Monday that the country's quarterly economic growth was quickening and the contribution of domestic demand to economic growth was enhanced. Li made the remarks at the Third International Tax Dialogue (ITD) Global Conference, which opened in Beijing on Monday. China's economy rose 6.1 percent year-on-year in ...
Chinese legislators are discussing a draft law on the protection of oil and gas pipelines, which, they say, are facing growing problems due to rapid urbanization and the expansion of pipeline networks. Those who steal from pipelines could face heavy fines of up to 10 times the value of the stolen oil or gas, according to the draft law tabled with the coun...
The Wuhan Iron and Steel Company Ltd (WISCO), the listed arm of China's Wuhan Iron and Steel (Group) Corp, posted a decline of 75.79 percent in net profit in the third quarter this year because of falling sales. The company's net profit reached 546.56 million yuan ($80.02 million) during the July-September period, and its net profit in the first nine mo...
Australian Foreign Minister Stephen Smith said in Canberra Monday Australia maintains a long-standing, consistent, open and welcoming stance towards foreign investment, from wherever it comes, including from China. In a speech addressed to Australia National University's China Institute on Monday, Smith said Australia and China share strong and growing e...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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