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Business - People's Daily Online

Russia lowers oil export tariff

The Russian government said it had lowered its oil export tariff from the current 270.7 U.S. dollars per ton to 253.6 dollars, starting March 1. According to a statement published on the government...

Industries design supported in China

Something on the lips of every policy maker of note is the need to transform the mode of growth in China and remake industrial structures from the roots up. And support has...

China stocks close down Wednesday, led by weak property, coal shares

Chinese equities closed lower Wednesday for the first time in four days led by weak real estate and coal mining shares. Stocks of property developers fell across the board Wednesday as concern...

Beijing to build Asia's largest pharmaceutical base

There are plans to build the largest global contract bio-pharmaceutical base in Asia in Beijing, with a total investment of about $120 million, Xinhua website reported on March 9. The investment is a...

HP faces complaints from organized group in China

A complaint letter to Hewlett-Packard (HP) from over 170 Chinese consumers was delivered to the General Administration for Quality Supervision, Inspection and Quarantine (AQSIQ) on March 8. It requested the Chinese government order...

Greater supervision for non-banking financial institutions: CBRC

The China Banking Regulatory Commission (CBRC) announced Tuesday that it will redouble its efforts to monitor possible risks brought on by non-banking financial institutions, according to the Wall Street Journal. Cai Esheng, vice...

SAFE to continue liberalizing efforts

China will continue to forge yuan convertibility under capital accounts, Yi Gang, deputy governor of the central bank and head of the State Administration of Foreign Exchanges (SAFE), said at a press conference...

Drugmaker Novartis announces $5b bond issue

Swiss drugmaker Novartis AG announced Wednesday a $5 billion bond issue to finance its purchase of eye-care company Alcon Inc. The pharmaceuticals company said the notes will be issued in three parts by...

Drugmaker Novartis announces $5b bond issue

Swiss drugmaker Novartis AG announced Wednesday a $5 billion bond issue to finance its purchase of eye-care company Alcon Inc. The pharmaceuticals company said the notes will be issued in three parts by...

Philippine FDI in 2009 hits $1.9 billion

The Philippines' net foreign direct investments (FDI) in 2009 hit $1.9 billion, 26.2 percent higher from the previous year buoyed by investors confidence in the Philippine economy, the country's central bank said Wednesday....

China - People's Daily Online

China to revise budget law

China's top legislature will review a draft revision to the Budget Law in August, which aims to improve the budgetary work and make government budgets more transparent to the public, a legislator said...

Worst-in-century drought to linger in SW China

&$ &$A villager shows the seedless wheet ear due to the severe drought in Panxian, southwest China's Guizhou Province, on March 10, 2010. A severe...

M4.2 quake jolts NE China

A 4.2-magnitude earthquake struck northeast China's Heilongjiang Province Wednesday, said the China Earthquake Networks Center. The quake occurred at around 6:54 p.m. in Youyi County, Shuangyashan City. The epicenter was 46.7 degrees north...