Beijing’s economic growth this year will not be significantly affected by its plans to temporarily shut down factories, reduce their production, and limit the use of cars to improve air quality during the Olympic Games, an official said Thursday.
Yu Xiuqin, deputy head of the Beijing municipal bureau of statistics, said the impact will not be [...]
Air China Ltd., the country’s largest international airline, said first-quarter profits soared 147 percent, helped by the stronger yuan and booming travel demand.
Net income rose to 1.04 billion yuan (149 million U.S. dollars),or 0.09 yuan per share, in the first three months ended on March 31, the Beijing-based carrier said in a statement to the [...]
Baosteel Group Corp, China’s biggest steel maker, may sell shares in New York, London or Hong Kong to help raise 60 billion yuan (US$8.6 billion) to increase capacity by a third in the world’s fastest-growing major economy.
Baosteel may seek to raise 30 billion yuan through loans and stock sales for the Zhanjiang project in the [...]
UP to 90 percent of Shanghai’s companies expect their business to maintain or pick up growth in the second quarter, according to a survey by the Shanghai Statistics Bureau yesterday.
The confidence comes from the stable supply of energy and the controlled slowdown of export growth. But businesses are facing mounting pressure from rising production costs, [...]
China Vanke Co, the country’s largest residential property developer, said yesterday its net profit rose 17.28 percent to 718 million yuan (US$102 million) in the first quarter of this year while revenue jumped 59.16 percent to 6.057 billion yuan.
Nationwide, the Shenzhen-based company sold new homes totaling 1.145 million square meters with sales amounting to 10.1 [...]
China’s A shares are a “sell” even after the government stepped in to support the world’s fourth-biggest stock market, according to Morgan Stanley and Credit Suisse Group.
Corporate earnings growth this year may disappoint, Morgan Stanley analysts Jerry Lou and Allen Gui said in a report yesterday. Chinese companies’ Hong Kong-listed “H shares” are more attractive [...]
