Shanghai Daily: Business
Shanghai Daily Business



Shanghai shares rise on strong US job data (Sep 6)
SHANGHAI'S key stock index went up in the morning session after positive US job data eased economic worries. The benchmark Shanghai Composite rose 1 percent, or 26 points, to close at 2,681.46 points. Turnover...


IMF: World economy recovering (Sep 5)
THE world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, John Lipsky, the International Monetary Fund's first deputy managing director, said yesterday....


Shanghai's new energy boom (Sep 5)
SHANGHAI'S output of new energy cars will reach 30 billion yuan (US$4.41 billion) by 2012, authorities said yesterday. It will also build 25,000 charging stations for battery or hybrid vehicles by 2012, said Wang...


China firms outperform world rivals (Sep 5)
THE top 500 Chinese enterprises racked up 27.6 trillion yuan (US$4.05 trillion) in revenue in 2009, or 82 percent of China's gross domestic product, according to a report by the China Enterprise Confederation and...


HTC uses own name to compete with iPhone (Sep 5)
EAST Asia is the world's electronics factory, yet unless they are Japanese, producers are largely anonymous. Now HTC Corp, a Taiwan-based maker of smartphones, is moving out of the shadows and trying to establish...


Chinese firms raise innovation capability (Sep 5)
INNOVATION in Chinese enterprises is steadily increasing with more patents filed and more funds invested in research and development, the China Enterprise Confederation said on Saturday. The top 500 Chinese enterprises...


Greece's leaving euro 'worst option' (Sep 5)
EUROPEAN Central Bank Chief Jean-Claude Trichet said on Saturday that if Greece were to leave the eurozone and revert to the drachma, that would be the "worst possible option." "We created the euro to achieve the...


China set to be world's biggest luxury market (Sep 5)
"CUSTOMERS on the Chinese mainland have much higher enthusiasm in purchasing luxury than in other places," Ivan Tong, chairman of Sparkle Roll company, one of the main luxury distributors in mainland, said in a recent...


Afghans continue pulling money from troubled bank (Sep 5)
NERVOUS Afghans pulled more deposits out of the nation's largest bank despite assurances from government leaders that their money was safe. Crowds gathered yesterday at Kabul Bank branches around the capital to...


Craigslist removes adult services section (Sep 5)
CRAIGSLIST appears to have surrendered in a legal fight over erotic ads posted on its website, shutting down its adult services section yesterday and replacing it with a black bar that simply says "censored." The...