Resource tax on minerals up

CHINA has raised the resource tax on six minerals, including iron and tin ores, in a bid to conserve reserves. Analysts, however, said the hikes won't have a big or long-lasting impact on costs given already high mineral more ...

Shanghai seeks another 50 MNC HQs this year

SHANGHAI is aiming to have another 50 multi-national companies set up their regional headquarters in the city this year.The target, unveiled by the Shanghai Commerce Commission yesterday, will see the total number of regional more ...

Stocks hit 8-week high on better outlook

SHANGHAI'S key stock index jumped to an eight-week high yesterday on news that major shareholders increased their holdings and the central bank moved to boost liquidity.The Shanghai Composite Index rose 0.77 percent to more ...

China's Homegrown Coal to Lose Favor

China's domestically made coal may lose its competitive advantage to imported coal by 2015, prompting Chinese companies to step up purchases of foreign coal, according to a report by Wood Mackenzie, a research and consulting more ...

China Surprises with Dec Trade Surplus Growth

China's trade surplus unexpectedly widened to $16.52 billion in December after import growth hit a two-year low, defying forecasts that the trade surplus would narrow, customs figures show. Exports were up 13.4% year on year more ...

No big economic moves expected from conference

MARKET-ORIENTED reforms on currency exchange and interest rates are projected to be the key topics of discussion during the two-day National Financial Work Conference that wraps up today.But economists said they were not more ...

State-owned factories in return to expansion

MANUFACTURING activities in China's large state-owned factories returned to expansion in December but analysts say more easing policies are needed.The official Purchasing Managers' Index, a gauge of manufacturing activities more ...

China's central bank stresses prudent monetary policy for 2012

CHINA'S central bank said today it will continue the prudent monetary policy and maintain the continuity and stability of its policies.The People's Bank of China will give full play to the counter-cyclical function of more ...

Key index gains for 1st time in a week

The yuan rose to a record high against the US dollar yesterday, a reversal from a declining trend this month, which traders said could be the result of the central bank's intervention.The People's Bank of China fixed the more ...

Key index gains for 1st time in a week

    The yuan rose to a record high against the US dollar yesterday, a reversal from a declining trend this month, which traders said could be the result of the central bank's intervention. The People's Bank of more ...