China central bank cuts interest rate
BEIJING, Oct. 9 (UPI) -- China's central bank, falling in line with central banks of major economies, has cut both the interest rate and the cash reserve ratio for its commercial banks.
Appliance tycoon named China's wealthiest
BEIJING, Oct. 7 (UPI) -- A 39-year-old appliance and property magnate estimated to be worth $6.3 billion was ranked the richest this year among China's top 1,000 wealthy people.
IBM, Volvo allow Chinese labor unions
BEIJING, Sept. 20 (UPI) -- U.S. computer giant IBM and Swedish automaker Volvo say they will allow state-sanctioned worker unions in their Chinese manufacturing operations.
GE to add 5 more regional centers in China
BEIJING, Sept. 16 (UPI) -- General Electric, encouraged by China's business potential, plans to add five regional centers to the two it has in Shanghai and Beijing.
China's central bank cuts key lending rate
BEIJING, Sept. 15 (UPI) -- China's central bank dropped its key lending rate by 0.27 percent to 7.2 percent, a surprise move that underscores the global financial crisis, analysts said.
China to become top Asia consumer market
BEIJING, Sept. 9 (UPI) -- China, with a per capita GDP of $2,456, will become Asia's largest consumer market by next year, ahead of Japan, Commerce Minister Chen Deming said Monday.
Execs: Guzzler tax won't hurt China sales
BEIJING, Sept. 6 (UPI) -- China's new sales tax on big cars to battle the nation's notoriously dirty air will not significantly reduce sales, an auto import trade-group executive says.
China ICBC bank's foreign assets soar
BEIJING, Sept. 2 (UPI) -- China's largest commercial bank announced Tuesday its overseas assets soared to $43 billion at the end of June, up 22 percent from the end of 2007.
China expects 511M tons of grain output
BEIJING, Sept. 2 (UPI) -- China's grain information center says grain output this year is expected to top 511 million tons, marking the fifth consecutive year of increased production.
China raises export tariff on coke
BEIJING, Aug. 18 (UPI) -- China, facing a tight domestic supply of coke, will raise its export tariff on the coal-derived fuel to 40 percent from the current 25 percent.
VWs popular in China
BEIJING, Aug. 17 (UPI) -- China is expected to become Volkswagen's No. 1 market this year, surpassing even its home turf in Germany, the automaker says.
Gates, Chinese official meet in Beijing
BEIJING, Aug. 16 (UPI) -- Chinese Vice Premier Li Keqiang says he hopes his meeting with Microsoft Chairman Bill Gates in Beijing will bear fruit in the future.
China July retail sales up 23.3 percent
BEIJING, Aug. 13 (UPI) -- China's July retail sales totaled $125.8 billion, up a robust 23.3 percent from the same period of last year, and higher than June's record 23 percent jump.
Report: Sinopec eyeing Imperial Energy
BEIJING, Aug. 5 (UPI) -- Sinopec, owned by China Petroleum & Chemical Corp, is apparently eyeing London-listed Imperial Energy independent oil and gas company with assets in Russia.
Cars driving China's oil demand
BEIJING, July 28 (UPI) -- China's escalating demand for oil can be traced to increased auto sales in the country and government subsidies that keep prices low, analysts said.
China mulls consumption tax hike on autos
BEIJING, July 26 (UPI) -- The Chinese government could raise its car consumption tax on luxury vehicles with high emissions, officials say.
Reebok banking on Yao ad campaign
BEIJING, July 13 (UPI) -- Reebok is trying to sell more shoes in China with the help of an NBA star from the Asian nation, the company says.
Chinese firm wins Saudi contract
BEIJING, July 11 (UPI) -- A Chinese construction company has won a $612 million contract from Saudi Arabia for expansion work at the kingdom's King Khalid University.
592M cell phone users in China
BEIJING, June 26 (UPI) -- More than 45 percent of China's 1.3 billion population now use cellular phones, government figures reveal.
China auto sales to hit 10M units
BEIJING, June 23 (UPI) -- Chinese officials said they expect domestic auto sales, spurred by a strong economy, to reach 10 million units this year, up 15 percent from last year.
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