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The welfare lottery featuring the Shanghai World Expo is to go on sale in Shanghai Friday, with all funds going to support reconstruction in quake-hit Sichuan province, a notice on the expo's official website said. The first batch of the lottery will be on sale at Century Square on East Nanjing Road on Friday. The notice said the lottery would be distrib...
China may raise gasoline and diesel prices by 4 to 8 percent this week, to reflect international crude price hikes, said analysts. This round of price hike is expected to be 300 yuan ($44) per ton, they said. Some expected the adjustment to be around 500 yuan per ton. If that happens, this would be the sixth price adjustment this year. China has raised ...
China Everbright Bank has received regulatory approval for an 11.5 billion yuan ($1.7 billion) private share placement, the bank said yesterday, moving it closer towards its initial public offering. The lender applied in June 2008 to sell shares publicly in Shanghai, but the plan was delayed due to a 10-month nationwide IPO suspension amid a slump in dome...
Foreign aviation suppliers are competing for business opportunities arising from China's plans to build a jumbo jet. The nation is set to unveil a model of the commercial jet in two weeks. Commercial Aircraft Corporation of China Ltd (COMAC), which is in charge of the domestic jumbo jet project, will present a miniature of the homemade passenger jet C9...
The lack of public housing available to middle-class families has made a home the most "unreachable" thing in urban China, say experts in the field. "We suggest the government implement the second housing reform in order to meet the housing demand from the middle class," said Li Ming, an expert on the Housing Act. Li added that a proposal to that effect...
Although China's employment situation is still grave, a shortfall in labor resources has cropped up in some coastal regions as both domestic and world economy are making positive changes. "Finding workers is my priority now as export orders have started to pick up since June," said Xiao Senlin, a senior manager of the Ha Yi Dai Toy Factory, which is base...
China's equities rose taking the benchmark index up 1.78 percent on Wednesday's close, fueled by first-half profit gains for airlines, real estate and the 10 listed brokerage firms. The benchmark Shanghai Composite Index advanced 51.79 points to finish at 2,967.6. The Shenzhen Component Index added 2.63 percent, or 306.85 points, to end at 11,995.03. ...
Hong Kong stocks rose 21.08 points, or 0.10 percent, to close at 20,456.32 after trading within a narrow range on Wednesday. Turnover further shrank to HK$55.3 billion ($7.09 billion), from Tuesday's HK$56.52 billion. Source: BizChina
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