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Hard work needed to meet economic goals

OFFICIALS must work hard to meet China’s fiscal revenue, investment and foreign trade targets as they are “very difficult to achieve,” the nation’s top economic planner told lawmakers yesterday. Despite ...

August 28, 2015, Friday


China eases expat home purchase rules

Restrictions on property purchases by overseas institutions and individuals have been eased, according to a statement on the Ministry of Commerce’s website....

Cherry Cao | August 28, 2015, Friday


Prospects abound in VR content sector

China lacks content for use in virtual reality devices and this absence will open up opportunities for content and software firms to tap, Shanghai Daily learned yesterday....

Zhu Shenshen | August 28, 2015, Friday


Wanda seals World Triathlon deal

DALIAN Wanda Group Co, controlled by China’s richest man Wang Jianlin, has agreed to buy World Triathlon Corp, organizer of Ironman triathlons, for US$650 million as the Chinese conglomerate continues ...

Cherry Cao | August 28, 2015, Friday


PetroChina’s H1 net profit slumps 63%

PetroChina Co, the country’s biggest oil and gas producer by volume, said yesterday that its net profit plunged 63 percent in the first half of the year as falling oil prices squeezed earnings....

Vera Ye | August 28, 2015, Friday

More News


Apple schedules new product event for Sept. 9

Apple has announced plans for a new product event on Sept. 9 in San Francisco, where the giant tech company is expected to show off new iPhones and other gadgets. The company has introduced a new iPhone ...

August 28, 2015, Friday


Shares up on belief government is buying

CHINESE shares rallied yesterday to halt the deepest five-day rout since 1996 amid speculation that the government had restarted buying in a bid to boost market confidence. The Shanghai Composite Index ...

Leng Cheng | August 28, 2015, Friday


Fake Goldman Sachs revealed

A staffer at a Chinese finance company named Goldman Sachs said any similarity to the multi-billion-dollar US investment giant was unintentional yesterday, weeks after a Chinese man was arrested for setting...

August 28, 2015, Friday


SAIC sees grim view of vehicle market

China’s largest automaker SAIC Motor Corp warned yesterday of a grim outlook for the overall vehicle market in the second half of the year, as the slowest economic growth in 25 years and a downturn in...

August 28, 2015, Friday


Ukraine seals debt revamp agreement

Ukraine yesterday said it has reached a crucial debt restructuring deal that will see lenders accept a 20 percent write-down and keep global markets open to the cash-strapped country....

August 28, 2015, Friday


US economy grows faster in Q2

THE US economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this ...

August 28, 2015, Friday


China to allow import of Aussie live cattle

CHINA will allow the import of live cattle from Australia and the countries’ free trade agreement has taken the relationship to a new level, Australia’s trade minister said yesterday. The agreement for ...

Ding Yining | August 28, 2015, Friday




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