Mar 01, 2017 05:16 PM IST
China today said it will cut five lakh jobs from steel, coal and other heavy industries to reduce excess production capacity amid slowdown of the world's second largest economy.
- Jan 09, 2017 06:16 PM IST
China, the world's second largest economy, today revised the size of its economy in 2015 to 68.91 trillion yuan (9.96 trillion US dollars), up 354.6 billion yuan from its preliminary figure.
- Jun 23, 2016 04:26 PM IST
Tata Motors-owned Jaguar Land Rover on June 23 began recalling more than 11,000 vehicles in China due to faulty crankshaft sensors, China's quality watchdog said
- Sep 29, 2015 12:06 PM IST
China is a key player in global trade, accounting for two-thirds of world iron ore imports, 20 percent of coal imports and 16 percent of oil imports.
- Sep 23, 2015 03:55 PM IST
The consortium includes China Railway's unit, the Third Railway Survey and Design Group, and local Indian firms, the news agency said, without providing names. It did not provide financial details of the award.
- Sep 10, 2015 07:04 PM IST
The problem was discovered along with violations of rules in other state-owned, private and foreign companies after the MOF inspected on accounting information for tens of thousands of firms across the country.
- Aug 17, 2015 09:55 PM IST
China's biggest e-commerce company, however, did not disclose, in its filing to the New York Stock Exchange, how much the two will invest in the buy-back as affiliated purchasers.
- Aug 13, 2015 08:29 AM IST
The blasts ripped through the Ruihai warehouse, which stores dangerous goods, at 11.20 PM local time on Thursday, following a fire report half an hour earlier. Fireballs erupted then ignited more explosions in companies nearby, according to rescuers, state-run Xinhua news agency reported.
- Aug 10, 2015 05:51 PM IST
New York-listed Alibaba will invest about 28.3 billion yuan (USD 4.63 billion) in Suning to become its second-largest shareholder, while Suning will buy no less than 27.8 million new shares of Alibaba for 14 billion yuan (USD 2.33 billion), the company said.
- Jul 31, 2015 04:05 PM IST
A leading Chinese think-tank and e-commerce giant Alibaba have joined hands to develop quantum computers that can process data billions of times faster than current digital computers.
- Jul 25, 2015 02:57 PM IST
German car maker Mercedes-Benz will recall 150 imported vehicles in China on July 31 to fix a fuse problem, according to the country's top quality supervisor.
- Jul 23, 2015 09:00 PM IST
"This is great progress in financial cooperation among developing countries and emerging economies, as well as a helpful supplement to the global financial system," Li told the eminent Indian banker.
- Jul 22, 2015 04:43 PM IST
The plant in Qinghai province will have an installed capacity of 200 megawatts, and be capable of supplying electricity to 1 million households. "Its designed heat storage is 15 hours, thus, it can guarantee stable, continual power generation," according to Qinghai Solar-Thermal Power Group board chair Wu Longyi.
- Jul 09, 2015 02:48 PM IST
The two leaders met last night on the sidelines of the BRICS and Shanghai Cooperation Organisation summits in Ufa.
- Jul 09, 2015 09:00 AM IST
MSCI's broadest index of Asia-Pacific shares outside Japan, often held hostage to volatile Chinese stocks, was down 0.9 percent early in the day, but then was up 0.8 percent. During Wednesday, it touched a 17-month low.
- Jun 30, 2015 01:32 PM IST
An official draft guideline gives the fund the green light to invest in the stock market but restricts the maximum proportion of investment in stocks and equities to 30 percent of total net assets.
- Jun 29, 2015 12:59 PM IST
The 60-article agreement specified each member's share as well as governance structure and policy-making mechanism of the bank, which is designed to finance infrastructure in Asia. The delegates from 50 founding countries gathered at the Great Hall of the People for the signing ceremony.
- Jun 15, 2015 03:43 PM IST
A selloff in Chinese shares further darkened the mood, as investors reacted to recent news of a fresh tightening in margin financing as well as a tidal wave of initial public offerings.
- Jun 10, 2015 06:32 PM IST
On a yearly basis, sales volume also edged down 0.4 percent , according to the China Association of Automobile Manufacturers which attributed the drop in May mainly to a large fall in passenger car sales.
- Apr 22, 2015 08:28 AM IST
The court decision was made after Beijing's Intermediate People's Court ruled last July against Apple, which sued the Patent Review Committee under the State Intellectual Property Office and Shanghai Zhizhen Network Technology Co. Ltd, accusing the latter of infringing the copyright on its voice recognition software, Siri.
- Mar 30, 2015 12:59 PM IST
The electricity generated would be converted to microwaves or lasers and transmitted to a collector on Earth, state-run Xinhua news agency reported.
- Jan 31, 2015 01:11 PM IST
The meeting took place the same day the regulator, the State Administration for Industry and Commerce (SAIC), backtracked on an earlier report that had excoriated the Chinese online commerce company for not doing enough to suppress counterfeiting on its websites.
- Nov 02, 2014 07:33 PM IST
Xiaomi shipped 18 million units of smartphones in the third quarter, an increase of 18 percent from the previous quarter, the company's founder and CEO Lei Jun recently posted on his Sina Weibo microblog, state-run Xinhua news agency reported.
- Mar 08, 2014 02:23 PM IST
Total trade dropped by 4.8 percent year on year to USD 251.18 billion, with exports falling 18.1 percent and imports up 10.1 percent.
- Oct 04, 2013 03:41 PM IST
Major tourist spots across the nation were brimming with millions of holidaymakers in the first three days of 'golden week', leaving many sights in chaos and prompting internet users to mock the annual rush as a "national celebration -Chinese style".