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Electricity bills to jump for Chinese industries

CHINA yesterday announced a 5.7 percent increase in electricity prices for businesses and industries and said it will adjust residential tariffs early next year through a new pricing mechanism to promote energy savings. The average price charged ...

From LEO ZHANG, Shanghai Daily,  19 Nov 2009

Shanghai shares close flat in the morning

SHANGHAI shares closed almost unchanged in the morning session as good performance of metal stocks was offset by sluggish financial counters. The benchmark Shanghai Composite Index, which tracks the mainland's bigger stock bourse, edged up 0.05 ...

From LEO ZHANG, Shanghai Daily,  17 Nov 2009

Related Topics: China Life Insurance,  Ping An Insurance

Local gas pump prices jump by 12%

CHINA yesterday raised fuel prices by more than 7 percent to reflect recent increases in global oil costs. But pump prices in Shanghai jumped even higher as the city also adopted a new emission standard to help clean up its air. The prices of ...

From LEO ZHANG, Shanghai Daily,  9 Nov 2009

Central government approves Shanghai Disney Park

SHANGHAI has won state approval to build a Disney park in Pudong New Area, paving the way for the entry of the United States entertainment giant into China's mainland in a deal that could also boost local economy. Shanghai and Walt Disney Co applied ...

From LEO ZHANG AND WANG YANLIN, Shanghai Daily,  4 Nov 2009

Related Topics: Barack Obama

Shanghai wins state nod to build Disneyland

SHANGHAI has won the approval from China's central government to build a Disney park in the city's Pudong New Area, the local government said today. The nod was given in late October, the local government's information office said in a statement ...

From LEO ZHANG, Shanghai Daily,  3 Nov 2009

Sell-off has ChiNext in a tailspin

MOST stocks traded on China's new Nasdaq-style stock exchange plunged by the daily limit yesterday after all of them surged wildly on their Friday debut. The huge swings reflect the difficulties regulators face in discouraging speculation and ...

From DING YINING AND LEO ZHANG, Shanghai Daily,  2 Nov 2009

GEM shares soar as trading begins

ALL 28 companies listed on China's new Nasdaq-style stock exchange soared on their first day of trading yesterday, fueled by an explosion of speculative enthusiasm. Trading in every share was temporarily suspended at least once during the day under ...

From WINNY WANG AND LEO ZHANG, Shanghai Daily,  30 Oct 2009

Related Topics: ChiNext

China eyes new rules to regulate bank loans

CHINA yesterday issued draft rules to tighten oversight of personal loans as it steps up efforts to prevent credit from being channeled into the stock and property markets. It was the third time in less than four months that the country has vowed to ...

From LEO ZHANG, Shanghai Daily,  28 Oct 2009

Related Topics: Bank of Communications

QDII funds to receive new quotas

CHINA has granted new quotas to domestic funds to invest in overseas securities for the first time in 17 months, reflecting the country's stepped-up effort to diversify foreign-exchange assets as the global economy recovers. E Fund Management ...

From LEO ZHANG, Shanghai Daily,  26 Oct 2009

Related Topics: Bank of Communications,  People's Bank

City Posts Boost In Industrial Production

SHANGHAI'S industrial output grew in September by the fastest pace in 13 months as the government stimulus effort continued to pay off. Industrial production jumped 9 percent last month from a year ago, the biggest monthly gain since August, 2008, ...

From LEO ZHANG, Shanghai Daily,  22 Oct 2009

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