China's fiscal revenue grew 24.8% year-on-year to hit a record high of RMB 10.37 trillion ($1.64 trillion) in 2011, the Ministry of Finance said on Friday.
Macro >>
China's fiscal revenue grew 24.8% year-on-year to hit a record high of RMB 10.37 trillion ($1.64 trillion) in 2011, the Ministry of Finance said on Friday.
China's state-owned enterprises (SOEs) posted a 21.5% y-o-y growth in sales in 2011 to RMB 36.79 trillion ($5.8 trillion), the Ministry of Finance announced on Thursday.
Finance >>
China International Capital Corporation Ltd. (CICC) posted a 70% decline in profits in 2011, surprising the market, the official Shanghai Securities News reported on Thursday.
The China Banking Regulatory Commission’s (CBRC) suspension of the sale of trust products that invest in commercial paper by trust companies will have a limited impact on the industry this year, according to an insider.
Business & Industry >>
Private equity investment firm Blackstone Group LP has sold its stake in a joint venture with Chinese developer Evergrande Real Estate Group Co. Ltd. (3333.HK), the second time it has divested China-based property assets.
China Auto Rental Ltd. plans to raise up to $300 million in an IPO of its American depositary shares.
Markets >>
The Shanghai Composite Index retreated 1.39% or 31.99 points to close at 2,266.38 points today on transaction value of RMB 80.66 billion ($17.78 billion).
The Shanghai Composite Index dropped 1.71% or 38.39 points to close at 2,206.19 points today on transaction value of RMB 42.88 billion ($6.79 billion).
Breaking News >>Opinion >>The world has become more volatile in the months ahead of 2012.
The whirlwind visit of President Barack Obama to Australia and Indonesia last week has, many believe, forever changed the Asia Pacific strategic landscape with a re-assertion of American primacy and power in Asia. Prudence might recommend a more cautious assessment.
“When will the Chinese develop a truly global brand? is a question that is frequently asked, and one that I have been asked to address with a group of quality specialists in Beijing later this week.
Two truisms about China should carry the disclaimer “except in Xinjiang”. China is a densely-populated country, except in Xinjiang. China is short on natural resources, except in Xinjiang.
Interview >>
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Company >>Audio & Video >>
How is China dealing with its growing aging population? How can the country lessen the burden on the children?
