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China's equities rose for the third trading day as the benchmark index advanced 1.1 percent on Monday's close, led by China Petroleum and Chemical Corporation (Sinopec) and non-ferrous metals. The benchmark Shanghai Composite Index rose 32.66 points, to finish at 2,993.43. The Shenzhen Component Index added 1.55 percent, or 183.78 points, to end at 12,0...
The demand for high-end hotels in China is sinking in a financial downturn that is showing no fast signs of recovery. "There isn't enough demand for top hotels in front-line cities such as Beijing, Shanghai and Guangzhou, as these markets are saturated," said Lily Ng, senior vice-president of Jones Lang LaSalle Hotels. "And the concern in the second-ti...
The latest Hurun Report on China's wealthiest people highlights how the super-rich of Beijing want to live their lives. Beijing has the largest number of wealthy people in China, according to the report. It said there are 143,000 multimillionaires and 8,800 billionaires in Beijing. There are 116,000 multimillionaires and 7,000 billionaires in Shangha...
China Petroleum and Chemical Corporation (Sinopec) said Sunday its net profit in the first half of 2009 rose by 332.8 percent year-on-year, due to adjusted refined oil prices on the domestic market. Under international accounting rules, Sinopec's net profit totaled 33.25 billion yuan ($4.87 billion) in the first half with earnings per share rising by 0.2...
Toyota will recall 688,314 sedans made by its two Chinese joint ventures because of a flaw in their electric window controllers. This is the largest auto recall in China since 2004, the Beijing Times reported today. The recall includes 384,736 Camry models and 22,767 Yaris models made by Guangzhou Toyota between May 15 and Dec 31 of 2008, the General Admi...
China's insurance capital investments hit 2.45 trillion yuan ($358 billion) in the first seven months of this year, according to the country's insurance regulator. In July alone, the investments from insurance funds stood at 120.4 billion yuan, China Insurance Regulatory Commission (CIRC) said in a report on its website. Of the total insurance investm...
In three years' time, China's deprived patients will have government subsidies directly at hospital admission rather than applying for receipt reimbursement afterwards, health officials said Thursday. Nie Chunlei, deputy director of the department of rural health management under the Ministry of Health, said in an online interview that hospitals would p...
China's equities rose 1.69 percent on Friday's close, extending Thursday's 4.52 percent gains as coal and chemical shares surged. The benchmark Shanghai Composite Index rose 1.69 percent, or 49.19 points, to finish at 2,960.77. The Shenzhen Component Index added 2.09 percent, or 243.66 points, to end at 11,892.02. Combined turnover expanded to 217.6 ...
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Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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