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Chinese equities ended 2.34 percent lower Tuesday as heavyweights weakened in the afternoon. The benchmark Shanghai Composite Index lost 69.46 points to finish at 2,897.55. The Shenzhen Component Index retreated 1.92 percent, or 231.75 points, to finish at 11,813.46. Combined turnover fell slightly to 222.77 billion yuan ($32.76 billion) from 231.99 b...
Some expats are cashing in on Beijing's property boom and believe there are bargains to be had despite price rises. Statistics from the Beijing Real Estate Transaction website showed that sales for future delivery apartments in August stood at 12,117 units, down 5.6 percent from the previous month. But the figure is still 204.5 percent higher than the ...
When the best job Mikala Reasbeck could find after college in Boston was counting pills part-time in a drugstore for $7 an hour, she took the drastic step of jumping on a plane to Beijing in February to look for work. A week after she started looking, the 23-year-old from Wheeling, West Virginia, had a full-time job teaching English. "I applied for jobs...
The China Securities Regulatory Commission (CSRC) yesterday approved the merger of Tangshan Iron & Steel Co with Handan Iron & Steel and Chengde Xinxin Vanadium & Titanium Co, paving the way for Hebei Iron and Steel Group (Hebei Steel), their parent, to become the country's second largest steelmaker. The three arms, Handan Iron & Steel Lt...
Huaneng Power International Inc, China's largest listed power producer, yesterday got a S$3.2 billion ($2.3 billion) bank loan to fund its acquisition of Tuas Power in Singapore. Under an agreement signed yesterday, Huaneng will get S$2.8 billion ($2 billion) loan from Bank of China and S$400 million ($300 million) loan from China Construction Bank. The ...
China's foreign exchange regulator said Monday at an internal meeting that it will strengthen the management of capital flows, preventing massive capital outflow and influx in a bid to safeguard the country's financial security amid a global economic downturn. State Administration of Foreign Exchange (SAFE) said it will place priority on facilitating a ...
The world's attention will be on President Hu Jintao when he addresses the UN climate change summit tomorrow to elaborate on China's policies and measures to fight global warming. It will be the first time a top Chinese leader talks about the country's stance on climate change at the United Nations. China, as the world's largest developing country and...
Chinese equities closed 0.15 percent higher Monday. The benchmark Shanghai Composite Index added 4.34 points to finish at 2,967.01. The Shenzhen Component Index climbed 0.57 percent, or 67.81 points, to end at 12,045.21. Aggregate turnover rose to 231.99 billion yuan ($33.97 billion) from 202.36 billion yuan on the previous trading day. Gainers outn...
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Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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