U.S.-based General Electric has won a contract to supply turbines to the Wudongde hydropower plant located in southwest China. The company will provide six turbine-generator sets and related equipment, accounting for half of the project's ...
Tags: GE, China Hydropower
The latest changes to China's forex market management will increase yuan volatility and boost trading volumes, according to a leading Chinese investment firm. From Jan. 4, closing time for China's interbank foreign exchange market will be ...
Tags: Forex, Trading Volume
Housing prices in China are expected to grow steadily in 2016, while divergence between bigger and smaller cities will continue, according to a property research organization. Government policy has perhaps helped to ease the housing glut ...
Tags: Property Sector, Mild Growth
After dropping for five consecutive weeks, ferrous scrap prices in eastern China remained stable for the second week following the recent increase in domestic rebar and seaborne iron ore prices. Platts assessed heavy melting scrap 6 mm ...
Tags: ferrous scrap, iron ore
The human brain is the world's most sophisticated computer, but a group of Chinese scientists have developed a computer chip that works much like the brain. Jointly developed by scientists from Hangzhou Dianzi University and Zhejiang ...
Tags: Brain-like, Computer Chip
A new Chinese-made space-based telescope tasked with searching for signs of "dark matter" has formally begun its mission, beaming its first set of data to ground stations on Thursday. The Dark Matter Particle Explorer (DAMPE) Satellite, ...
Tags: Monkey King, Data Home
Shen Hao, former president of 21st Century Media Co. Ltd., was sentenced to four years in prison on Thursday for blackmailing companies by threatening negative coverage. Shen was convicted of extortion and forced transactions, among other ...
The Ukrainian Parliament on Thursday passed a bill amending the country's tax code system, thus fulfilling one of the key requirements set by the International Monetary Fund (IMF) to continue allocation of financial aid to the eastern ...
Tags: Tax Reform
China Southern Airlines has announced an order to purchase 10 Airbus aircraft worth over 2 billion U.S. dollars, to help meet the growing demand for travel in China. The wide-body aircraft are expected to be delivered between 2017 and 19. ...
Tags: China Southern Airline, Planes
Chinese lawmakers on Wednesday called on market regulators to step up supervision and stipulate heavier penalties for violators once a stock listing reform takes effect. Legislators are set to approve a State Council proposal on the ...
Tags: IPO Reform, Supervision
The State Council announced Wednesday that it supported the development of direct financing to reduce production costs for enterprises. Through direct financing, enterprises can get funds from the capital market by issuing shares or ...
Tags: Direct Financing
China Vanke has issued a statement on Wednesday night, welcoming Anbang Insurance to become one of its big share-holders. Earlier this week, Anbang raised its stake in Vanke to 7 percent by acquiring shares worth over 2.8 billion yuan. ...
China's smog has made masks and air purifiers the hottest of commodities. Now, a new product is getting all the attention: bottled air. BBC screenshots of a woman breathing air from a can went viral on the Internet this week, with the ...
Tags: Bottled Air, China's smog
Nestle India is planning to launch more variants of Maggi Noodles such as oat noodles and cup noodles in the next three-four months time. Nestle India CMD Suresh Narayanan was quoted by the Economic Times as saying: "We will launch other ...
Tags: Nestle India, Maggi Noodles, Food
Traditional Chinese medicine makers are expanding their presence in the global markets in a big way, as the government reiterated its support to further strengthen the sector. Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd, the ...
Tags: Traditional Chinese medicine, Overseas Markets, medicine