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China invests in protecting ancient town

2011-06-24 14:46:25

China will invest more than 4.7 billion yuan over the coming 10 years to improve the natural environment of a desert-threatened oasis city that holds one of the world's most impressive ancient Buddhist cave frescoes.

Maximum nuclear security

2011-06-24 14:41:13

China's growing appetite for energy in order to sustain its robust economic growth will surely make it hard to diversify rapidly from its commitment to nuclear energy.

Nuclear safety plan may come soon

2011-06-24 14:38:44

The nuclear safety plan drafted by the National Nuclear Safety Administration is expected to be finished in August and submitted to the State Council, China's Cabinet, for approval, the China Securities Journal reported Friday, citing a relevant insider.

China to release its biomedicine plan

2011-06-24 14:38:11

The National 12th Five-Year (2011-1025) Plan for Biomedicine Industry Development will soon be released, the Shanghai Securities News reported Friday.

Sinosteel stops Aussie iron ore project

2011-06-24 14:00:46

Sinosteel Midwest Corp, a unit of Sinosteel Corp, suspended work on a A$2 billion ($2.1 billion) iron ore project in Western Australia because of "uncertainty" about the development of the Oakajee port and rail development.

Rio to reduce Q3 prices by as much as 3%

2011-06-24 13:53:41

Rio Tinto Ltd, the world's No 2 iron ore miner, will drop its prices by up to 3 percent for Chinese steel mills for the third quarter, sources with knowledge of the contract details told Reuters.

China's SUV sales to set global pace soon

2011-06-24 13:46:49

China overtook the United States as the world's largest car market on sales of sedans. Future growth lies with sport utility vehicles (SUVs).

China's mobile phone users continue to rise

2011-06-24 13:46:19

China's total number of mobile phone users continued to rise in the first five months this year, led by a surge in the number of 3G subscribers, according to official data released Friday.

Soho China to increase bank loan

2011-06-24 13:17:48

Soho China Ltd, the developer whose founder and chief executive officer is billionaire Zhang Xin, increased a dual-currency term loan to $605 million from $400 million, a person familiar with the matter said.

Media Markt to expand across nation

2011-06-24 13:17:32

Seven months after it entered the Chinese market, the international consumer electronics retailer Media Markt on Thursday revealed plans to expand its presence across the nation.

Reverse-merger fallout to hurdle Chinese listings

2011-06-24 13:17:13

The pace of Chinese listings in the US markets is likely to slow this year amid tougher regulations aimed at curbing backdoor listings of companies, following a series of alleged accounting scandals, analysts said on Thursday.

Benchmark gains most in 3 months

2011-06-24 10:57:39

Stocks on the Chinese mainland advanced, driving the benchmark index to its biggest gain in three months, as energy and material producers rallied on increased government support for alternative energy production and affordable housing.

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