Shanghai Daily: Business
Shanghai Daily Business



Developer to take control of ATV (Mar 13)
A SHANGHAI-born real estate developer is likely to become the new president of Asia Television Ltd with a US$293 million equity investment. Wang Zheng, chairman of the Shenzhen-listed Rongfeng Holding Group, announced...


Net regulator warns Google it must comply with Chinese law (Mar 13)
CHINA'S top Internet regulator yesterday warned Google against flouting the country's laws, insisting that the company must obey laws or "pay the consequences." "If you want to do something that disobeys Chinese...


China targets production growth at 11% (Mar 13)
CHINA is targeting 11 percent growth in industrial production this year, and much of that should come from less energy-consuming and higher-tech sectors, said Li Yizhong, head of the Ministry of Industry and Information...


China: US shouldn't pin its difficulties on yuan (Mar 13)
THE United States should not make a political issue out of the yuan, a Chinese central banker said yesterday. People's Bank of China Vice Governor Su Ning was responding to a question about remarks on Thursday...


Guangdong bank to push IPO this year (Mar 13)
GUANGDONG Development Bank is planning an initial public offering this year to replenish capital, its president said in a statement yesterday. The bank, partly owned by United States-based Citigroup, posted a 22...


Gloomy outlook for Greece's economy (Mar 13)
GREECE'S economy was still shrinking and unemployment remained above 10 percent at the end of 2009, just before the government announced harsh spending cuts that are expected to drive the country deeper into recession,...


Anhui coal miner eyes investors (Mar 13)
HUAIBEI Mining Group, the second-largest coal mining company in Anhui Province, plans to introduce three to five strategic investors before launching an initial public offering in Shanghai next year, Chairman Wang...


US consumers raise spending (Mar 13)
RETAIL sales posted a surprising increase in February as consumers in the United States did not let major snowstorms stop them from storming the malls. The advance, the biggest since November, provided hope that the...


Caution theme as index falls by over 1% (Mar 13)
SHANGHAI'S key stock index fell more than 1 percent yesterday, paring a weekly gain, amid lackluster investor sentiment. The Shanghai Composite Index dropped 1.24 percent, or 37.87 points, to close at 3,013.41,...


Crystal clear outlook (Mar 13)