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China's Ministry of Commerce announced Monday it will impose an anti-dumping tax on some imported polyamide (PA)-6,6 chips from October 13. The anti-dumping measures target polyamide-6,6 chips, a material used in the manufacture of plastics and textiles, imported from the United States, Italy, Britain and France. The product from Taiwan is also among t...
Spreading drought hit South China's Guangdong province, where more than 50,000 people suffer from drinking water shortage while 53,333 hectares of crops are affected. According to local flood control and drought relief authorities, average rainfall in Guangdong this year was 1,400 millimeters, 13 percent down from previous years. In Renhua county in Sh...
Wang Ying, a 38-year old small business owner in Beijing, earlier last month sold two residential apartments in the capital city's Yayuncun neighborhood and bought a 200-sq-m office unit in Shenzhen. "Compared with the residential sector, which has seen a strong rebound this year, I believe the potential profit margin for the office sector will be much m...
US carmaker General Motors (GM) achieved an all-time monthly sales record in China in September, boosted by robust demand in many of the country's small and medium-sized cities. The company said that it sold 181,148 vehicles throughout the country last month, confirming China as the world's number one vehicle market. The figure was up from 152,365 units...
Consumer spending is expected to increase by 50 percent in China's top 25 cities in the next five years due to a rapid increase in the country's per capita disposable income, according to a new report from the global consulting firm McKinsey & Company. The report, released earlier last month, based its findings on the company's annual survey of 606...
Leaders and representatives of global media organizations have urged media outlets to provide "accurate, objective, impartial and fair" coverage of news events across the globe. The call was made in a joint statement issued in Beijing over the weekend after a three-day World Media Summit. In the statement, representatives of 170 global media outlets als...
France's Suez Environnement S.A. service provider has signed an agreement with China's Chongqing Energy Group, ChinaCSR reported Friday. The report said the agreement provides for establishing a joint venture company in China. According to the agreement, the joint venture's stated goals are to promote energy conservation, reduce emissions, improve en...
Tsingtao Brewery, China's best known beer brand, said it expects its profit for the first three quarters of the year to rise 75-85 percent from the same period a year earlier. Tsingtao reported a net profit for the first three quarters of 2008 of 699.82 million yuan ($ 102.51 million) , or 0.5349 yuan per share, based on Chinese accounting standards, it ...
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