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Chinese PV Firms Protest against EU’s Trade Protection

More than 40 Chinese photovoltaic (PV) companies recently issued a joint...  more

China's Premier Said to Have Denied the CNY 40 Tn Urbanization Plan

Media reports said yesterday that China’s CNY 40 trillion urbanization draft plan submitted by the National Development and Reform Commission to the State Council has been denied by Chinese Premier LI Keqiang and other senior officials due to... more

Suntech Power Face CNY 17.4 Bn Debt in Creditors’ Claims

On May 22, 460 out of 529 creditors attended the first creditors’ meeting for Suntech Power Holdings Co., Ltd. (STP: NYSE) after the Wuxi Intermediate People's Court ordered the company to undergo bankruptcy reorganization on March 20. Data... more

HSBC May Flash China Manufacturing PMI 49.6, Seven-Month Low

The HSBC/Markit data released today shows that the HSBC Flash China Manufacturing PMI for May hit a seven-month low of 49.6 percent. The final reading for April was 50.4 percent. The Flash China Manufacturing Output Index for May decreased to a... more

China’s Local Governments Speed up Bond Issuance

Recent reports suggest that a number of Chinese local governments have released their bond issuance and fund arrangement plans for this year. Specifically, Jiangsu province plans to issue CNY 15.3 billion worth of bonds this year. Xinjiang... more

Guangdong Province Probes Rice Tainted with Cadmium

Guangdong provincial authorities announced last night that a total of 31 rice samples collected from local markets have been found to contain excessive levels of cadmium, a carcinogenic metal that can seriously damage the kidneys and cause other... more

Chinese SOEs Pocket CNY 689 Bn Profit in Jan-April, Up 5.3 Percent YoY

According to data released by China’s Ministry of Finance (MOF) on May 22, total profit of China’s state-owned enterprises (SOEs) for the first four months of 2013 was CNY 689 billion, up 5.3 percent year-on-year (YoY). Operating revenue for the... more
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Economy

The People’s Bank of China (PBOC) today set the USD/CNY central parity rate at 6.1867, 80 basis points stronger than on the...

  1. China to Strengthen Control on LGFV Loans
  2. MOF Grants CNY 536 Bn to Henan Province over Past Two Years
  3. CSRC to Promote Preference Stock Pilot Scheme
  4. NDRC: More SOE Dividends Will Be Allocated to Social Security Fund
  5. CSRC Terminates Review of 200 Listing Applications
Industry

Recent reports suggest that relevant departments have circulated the revised environmental protection taxation law to industry...

  1. National Energy Administration Passes on Approval Power for More Projects
  2. Information Platform for Securities Pledge Financing Businesses Passes Online Test
  3. China to Introduce Discharge Standards for Air Pollutants from Cement Industry
  4. Shandong Coal Enterprises Record 68 Percent YoY Decrease in Jan-April Profits
  5. China April Fuel Oil Output Increases 43.4 Percent YoY
Business

According to reliable sources, the National Development and Reform Commission (NDRC) is expected to approve the China Railway...

  1. Wanfu Biotechnology Penalized by CSRC
  2. Sinopec to Increase Investment in Coal Chemical Sector
  3. Suntech Power Face CNY 17.4 Bn Debt in Creditors’ Claims
  4. ICBC Appoints YI Huiman as New President
  5. China Galaxy Securities Becomes Listed on HKEx Today