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Central SOEs net profits up 14.2% Jan-May

2011-06-18 15:38:33

China's state-owned enterprises (SOEs) that are administered by the central government, or central SOEs, collectively posted a net profit increase of 14.2 percent year-on-year in the first five months of 2011.

Battle waged against sands

2011-06-18 15:15:54

China faces huge challenges in its fight against desertification, which is haunting more than 27 percent of its total land area and threatens 400 million people's livelihood, a senior official said on Friday, the Word Day to Combat Desertification.

Most expensive apartment no longer up for sale

2011-06-18 15:11:36

China's most expensive luxury apartment is no longer up for sale, the apartment's developer said on Friday, following high media exposure and a government investigation concerning a possible case of profiteering.

Foxconn steps up investment in Henan

2011-06-18 14:54:58

Foxconn, one of the world's largest electronics manufacturers, plans to increase its investment in central China's Henan province after moving factories to Henan and southwest China's Sichuan province last year.

Hu meets Putin to resolve gas supply dispute

2011-06-18 14:08:44

President Hu Jintao met Russian Prime Minister Vladimir Putin on Thursday, seeking an agreement in a price dispute over Russian gas supplies.

All aboard for 10 hours of speed and surprises

2011-06-18 11:42:20

When I was thinking of what dateline to use for this story, I hesitated, because I left Beijing for Shanghai and returned to Beijing in a day. Solution: no dateline.

Russia beginning to look eastward more for trade

2011-06-18 11:26:58

One of the chief symbols of the Russian state has long been a double-headed eagle, with one head representing the East and the other the West.

Governance must reflect changing reality: Hu

2011-06-18 11:23:26

President Hu Jintao on Friday called for a greater representation for developing countries, while stressing the necessity to reform the existing international financial system.

Hong Kong property prices 'quite frightening'

2011-06-18 10:48:30

Hong Kong home prices are "quite frightening" as growing wealth in the Chinese mainland fuels increases of 2 percent a month, according to the city's Chief Executive Donald Tsang.

Harbin Electric Co plunges 51 percent

2011-06-18 10:44:28

Shares in Harbin Electric Co Ltd collapsed on Thursday, as a report from a short-seller led investors to bail out of the US-listed Chinese maker of electric motors rather than wait and see if a proposed takeover bid would come to fruition.

Software bugs discovered in Chinese-made applications

2011-06-18 09:55:17

A Chinese software maker has been ordered to notify its clients after bugs which could be exploited by hackers were discovered in two of its applications.

COVEC stops Polish highway construction

2011-06-18 09:46:43

China Overseas Engineering Group (COVEC) is withdrawing from a $447 million highway construction project in Poland after incurring heavy losses.

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