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Bernanke warns about two-edged sword

CHINA should ensure a healthy banking system as it seeks an open capital account and globalizes the yuan, former Federal Reserve Chairman Ben S. Bernanke said yesterday. “An open capital account is a ...

Ye Zhen | May 26, 2015, Tuesday


Private capital urged to invest under PPP

PRIVATE capital is encouraged to invest in public infrastructure projects in China in the form of a “public-private partnership” as the government widens the door to lure a huge influx of private funds. ...

Ji Xiang | May 26, 2015, Tuesday


Largest Chinese private builder prefers US listing

CHINA Pacific Construction Group, China’s largest private builder by revenue, does not expect to list until 2020 and would prefer to list in the United States which has better regulated markets, company ...

May 26, 2015, Tuesday


Huawei unit to build 3-nation undersea cable

CHINA’S Huawei Marine Networks, a global submarine network provider, said yesterday that it won a bid to build the Malaysia-Cambodia-Thailand (MCT) undersea cable system. Telekom Malaysia Berhad, Cambodia’s ...

May 26, 2015, Tuesday


CNOOC starts Aussie LNG supply base

China National Offshore Oil Corp, the country’s largest offshore oil producer, said yesterday that its overseas liquefied natural gas supply base has started operation. The Queensland Curtis LNG project ...

May 26, 2015, Tuesday


Japan sees deficit after March surplus

JAPAN posted a trade deficit in April following a surplus in March, and economists said shortfalls were likely to persist given the weakness of the yen. The 53.4 billion yen (US$439.6 million) deficit ...

May 26, 2015, Tuesday

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Automakers show off smart cars linked through IOT at CES Asia

SMART cars featuring local applications and connected through the Internet of Things were the shining lights of the three-day CES Asia show, which opened in Shanghai yesterday. The show is the first Consumer ...

Zhu Shenshen | May 26, 2015, Tuesday


City to accelerate global ambitions

SHANGHAI is stepping up efforts to build the city into a science and innovation center with global influence, Shanghai Party Secretary Han Zheng said yesterday as he unveiled a plan to accelerate the ...

Wang Yanlin | May 26, 2015, Tuesday


Fine art imports to be easier in FTZ revamp

IMPORTS of fine art will be made easier as the China (Shanghai) Pilot Free Trade Zone yesterday announced deregulation. Importers in the FTZ will no longer need the China Compulsory Certificate to import ...

May 26, 2015, Tuesday


Index tops 4,800 on plan for cooperative mode of funding

SHANGHAI’S key stock index surged over 3 percent to close above 4,800 points yesterday as infrastructure and transport stocks soared after the central government said it was seeking private funding for ...

Amber Jee | May 26, 2015, Tuesday


Organic food sells

GREEN and organic food produced in Heilongjiang Province has seen rising sales after companies in the northeast province bolstered efforts on quality control and brand building, said E Zhongqi, chairman ...

May 26, 2015, Tuesday


Robust new home sales as sentiment recovers

SENTIMENT among home buyers rebounded last week in Shanghai as seven-day transactions climbed above 300,000 square meters again, latest market data showed....

Cherry Cao | May 26, 2015, Tuesday


50% tariff cut to boost consumption

CHINA will cut import tariffs by about 50 percent for some consumer goods in June to boost domestic consumption. Tariffs for imported skin-care products will be slashed from 5 percent to 2 percent, diapers ...

Feng Jianmin | May 26, 2015, Tuesday


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