China Coal Energy Co., the nation’s second-largest coal producer by sales, said first-half profit rose 59 percent on increased output and prices.
Net income surged to 4.22 billion yuan ($617 million) from 2.65 billion yuan a year earlier, the Beijing-based company said in a statement to the Shanghai Stock Exchange today, citing international accounting standard. Sales [...]
State Grid Corp. of China, which supplies power to more than 1 billion people, said electricity shortages have worsened because of inadequate coal supplies.
Forty-six percent of power stations supplying electricity to State Grid have coal stockpiles less than the “caution line”level of seven days’ requirement, figures from the Beijing-based power distributor show today.
Tags: coal, electricity
The Beijing-Tianjin high-speed railway will open tomorrow, as scheduled, a railway official said Wednesday.
Tickets for the route linking the capital to the Olympic soccer city, will go on sale today at West Beijing and Beijing railway stations, and from tomorrow at the new Beijing South railway station, from which the new trains will depart, reported [...]
Though manufacturer suggested retail price has barely changed, the top 10 best-selling models of the first half have seen a big drop in actual prices, according to a survey of the Beijing Asian Games Village Automobile Exchange, which is regarded as the barometer of the Chinese auto market.
“Sales policies vary everyday, and the prices are [...]
The government may not consider a further boosting of refined oil prices and pricing deregulation until the end of the Olympics in spite of the recent global drop in oil prices.
Speaking to China Daily, experts and industry insiders said the government would not regard the fall in world oil prices as a “window opportunity” for [...]
China’s four banks have applied to invest in the insurance industry, the insurance regulator said on Tuesday.
The regulator is also planning to expand investment channels for insurers.
The China Insurance Regulatory Commission has received applications from the Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications and Bank of Beijing to buy shares [...]
