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China's 127 centrally-administered state-owned enterprises (SOEs) reported total gross profits of 134.8 billion yuan ($19.77 billion) in the first two months, up 121 percent year on year, said a statement on Friday.
China's dependence on foreign iron ore approached about 70 percent in 2009, 13 percentage points higher than the previous year, said a Shanghai Securities News report on Friday, citing a government official.
In a move to curb soaring property price, the State-assets watchdog on Thursday told major State-owned enterprises (SOEs) whose core business is not real estate to quit the market. New real estate elephants
Central China's Hunan province said on Saturday rice on sale at its supermarkets was not genetically modified and refuted environmental group Greenpeace's accusation.
GM rice already on shelves: Greenpeace
Govt 'has an open mind' on GM food
The United States has reaped "fat profits" from China's robust purchasing power and its comparatively low labor cost, even amid the financial crisis, the Ministry of Commerce said on Friday.
Google will close its business in China next month and may announce its plans in the coming days, Chinese media reported on Friday. Comment: Google in wrong game
More wealthy Chinese are buying overseas properties for better investment returns as skyrocketing property prices in the country makes domestic home purchases more risky.
Aluminum Corp of China (Chinalco), the nation's largest aluminum producer, agreed to set up a joint venture with Anglo-Australian miner Rio Tinto to develop the Simandou iron ore project in West African nation of Guinea.
When it came to choosing a new watch, Ma Jun had no hesitation in selecting a $6,800 Omega Constellation over a Rolex.
Shanghai Zhenhua Heavy Industry Co (ZPMC), the world's largest port equipment maker, is planning to expand into the nation's high-speed railway and wind power sectors, making them its new growth engines, company President Kang Xuezeng said on Friday.
The severe drought in China's southwest region has forced some provinces to ration their electricity, Chengdu Business Daily reported Friday.
The country's first regulation to monitor online social networking and micro-blogging will be implemented in Chongqing municipality this year, local authorities said on Friday.
Google will close its business in China next month and may announce its plans in the coming days, Chinese media reported on Friday. Comment: Google in wrong game
China's securities regulator announced Friday it approved six securities companies to pilot margin trading business.
HSBC Global Asset Management bought China's bank stocks even amid concerns that record credit growth will increase bad loans and accelerate inflation.
GM China Investment Co is to recall 7,942 imported Cadillac CTS cars in the Chinese mainland from April 28 due to possible brake fluid leakages, China's quality watchdog said Thursday.
Sichuan Hejia Co, Ltd, a privately-owned auto parts manufacturer based in southwest China, Thursday reported a profit in 2009, a turnaround after its losses the previous year.
The intensifying US pressure on China to revalue the yuan is more about job creation in the US than its merchandise trade deficit with China.
With more celebrities making a fortune in the Chinese stock market, the famous basketball player, Yao Ming is also getting on board. Beijing Unistrong Science & Technology Co Ltd, a high-tech firm in Beijing's Zhongguancun, issued its fundraising plan yesterday. The company plans to raise 469 million yuan through offering 30 million shares on ChiNext.
Wang Lifen, an ex-CCTV hostess who created the TV program Win in China, announced the launch of an online auction on the website umiwi.com selling opportunities to meet celebrities.
| Name | Value | Change | Time |
| Shanghai | 3,067.75 | +0.71% | Fri |
| Shenzhen | 12,352.92 | +0.95% | Fri |
| HSI | 21,370.82 | +0.19% | Fri |
| NIKKEI | 10,824.72 | +0.75% | Fri |
| Dow | 10,741.98 | -0.35% | Fri |
| Nasdaq | 2,374.41 | -0.71% | Fri |
Less insurance capital allowed for property investment
