China allocated 139.45 billion yuan (21.57 billion U.S. dollars) from its revenue of vehicle purchase tax to fund key transport projects, the Ministry of Finance said Tuesday. The fund will support the construction of highways,…
Category: Economy
Vice President Xi Jinping has urged China and the Republic of Korea (ROK) to speed up negotiations on a free trade agreement and to jointly preserve peace and stability on the Korean Peninsular. Xi, member…
Leading Chinese candy maker Hsu Fu Chi, which is listed in Singapore, confirmed on Tuesday that it is in acquisition talks with Swiss food giant Nestle. Nestle also separately confirmed the talks on Monday. Founded…
Shanghai – Stocks on the Chinese mainland rose on Monday, erasing the benchmark index’s 2011 loss. The advance came on speculation that the government will offer help to smaller businesses and refrain from boosting interest…
A clash of opinions over the need to cut import duties on “luxury” goods has broken out between China’s financial officials and commercial policymakers. Spectacular as it is, the ongoing debate has so far done…
Deal would help food giant grow its share of the Chinese market SHANGHAI – The proposed takeover of Chinese snack and candy maker Hsu Fu Chi International Ltd by Nestl SA, reported by the Wall…
BEIJING – Tesco PLC, the world’s third-largest grocery chain by sales, on Monday signed a strategic cooperative agreement with Gome Electrical Appliances Holdings Ltd. The move signals a further step in the UK retailer’s development…
BEIJING – The funds raised in initial public offerings (IPOs) on China’s capital market may reach 400 billion yuan ($61.9 billion) this year, down 16 percent from 2010 because of economic uncertainties both at home…
Melbourne, Australia/SHANGHAI – Treasury Wine Estates Ltd rose by a record in Sydney trading as two people familiar with the matter said China’s Bright Food Group Co is considering making an offer for the world’s…
BEIJING – Dead seaweed and rotting fish in the water around Nanhuangcheng Island in Shandong province, which is close to the site of a recent oil leak, suggest the local waters were polluted by the…