China mortgage interest rates for loans hiked

The China Post - China has raised mortgage interest rates and increased the down payment needed for loans to finance purchases of second homes in a move aimed at countering property speculation that is driving up prices. Full Story

China to let Nasdaq open Beijing office

The China Post - The U.S. stock market Nasdaq said Thursday it has received formal permission from the Chinese government to open a representative office in Beijing as more companies from China issue shares abroad. Full Story

China to launch US$1.3 trillion investment fund

The China Post - A government fund that is to invest part of China's US$1.3 trillion in foreign reserves is due to be officially launched Saturday, according to news reports. Full Story

Asia rallies; Nikkei hits 6-week high

The China Post - Asian markets rallied Thursday, helped by gains overnight on Wall Street, as Japanese shares rose to a six-week high and the markets in Hong Kong hitting a new record. Full Story

Modest economic slowdown in store for Asia

The China Post - Against the backdrop of a slowing global economy, rising oil prices and prolonged turmoil in credit markets, the pace of economic growth in Asia is set to fall modestly this year and next, a Reuters quarterly poll shows. Full Story

United's nonstop bid to Shanghai hits turbulence

The China Post - United Airlines' attempt to start a nonstop service from Los Angeles International Airport to Shanghai hit major turbulence Tuesday after the U.S. Department of Transportation said it would recommend other U.S.-China routes proposed by competing airlines. Full Story

Food exports plummet as safety tightens

The China Post - Chinese exports of foods including garlic, honey and fish fell sharply this summer as Beijing officials tightened health and safety regulations. That has meant increased revenue for some American growers whose products are now in greater demand -- but also higher prices for U.S. consumers. Full Story

China Construction Bank jumps 33% on debut

The China Post - China Construction Bank, which raised 57.12 billion yuan (US$7.6 billion) in its initial public offering, saw its shares jump 33 percent in their debut in Shanghai on Tuesday. Full Story

564 food makers lose licenses over safety

The China Post - China's quality and safety watchdog canceled the licenses of 564 food makers, part of stepped-up efforts to crack down on unsafe food. Full Story

Four men jailed as the brains behind 'burning panda' virus

The China Post - China has jailed four men for writing or profiting from a computer virus dubbed the "joss-stick burning panda" which infected over a million computers, media reported on Tuesday. Full Story

United States to WTO: PRC controls export prices

The China Post - The United States has accused China of manipulating prices on the raw materials used to produce steel, chemicals, airplanes and automobiles, giving Chinese manufacturers a massive advantage over their American competitors. Full Story

WTO panel to investigate IP protection

The China Post - The World Trade Organization (WTO) created a panel on Tuesday, at the request of the United States, to investigate China's protection of intellectual property such as films and software. Full Story

More gas firms allowed to tie up with foreign firms

The China Post - More Chinese gas firms are now allowed to cooperate with foreign companies as Beijing seeks to boost clean energy use by encouraging funds and technology from abroad, state media said Tuesday. Full Story

9 of 10 Chinese are concerned about financing retirement: poll

The China Post - Nine out of 10 Chinese are concerned about how to finance their retirement, state media said Tuesday, highlighting challenges facing a rapidly ageing society. Full Story

Markets mixed as Japan rises, Hong Kong drags

The China Post - Asian markets were mixed Tuesday as stocks in Japan were led higher by metal and trading house shares, while Hong Kong's market fell after four straight record closes, hurt by a plunge in airline shares. Full Story

GM signs deal to export Buick Enclave SUVs to China

The China Post - General Motors Corp. signed a deal worth more than US$800 million (euro567 million) to export Buick Enclave sport utility vehicles to China over a four-year period beginning in 2008. Full Story

Hong Kong tops Asian governance chart: report

The China Post - Hong Kong has overtaken its regional rival Singapore as Asia's best center for company and corporate governance, a new survey released Tuesday said. Full Story

Cathay Pacific, Air China won't seek stake in China Eastern

The China Post - Cathay Pacific Airways and Air China pulled out of a bidding battle to gain a big share of China's third biggest carrier China Eastern, and the shares of all three airlines have plummeted in early trade Tuesday. Full Story

Cisco, Haier to cooperate, share expertise

The China Post - Cisco Systems Inc., the world's biggest network equipment maker, announced a deal Tuesday with China's largest appliance manufacturer to share expertise in constructing home network technology. Full Story

Following recalls, toy-testing firm works overtime to keep up

The China Post - Gone is the 40-hour work week at Specialized Technology Resources Inc. Boxes of toys are piling up in the middle of its testing lab, workers are coming in on weekends, and product testers who normally would check tools or candles are working on chess sets and plastic cars. Full Story

Asian spacefarers race for the moon

The China Post - Asian giants Japan, China and India are engaged in a race to map lunar resources and make the moon a platform to explore planets beyond, amid a renewed burst of global space activity. Full Story

Hong Kong and Chinese indexes hit record highs

The China Post - Asian markets were mostly higher Monday, as high commodity prices helped boost Chinese stocks in Shanghai to new records. Hong Kong shares broke through to new levels as well, with anticipation of new funds from China continuing to drive prices higher. Full Story

JPMorgan places bets on Brazil, China, India; but not tech-heavy Taiwan

The China Post - Emerging market stock investors are best off betting on Brazil, India, China and the Middle East, but should shy away from technology-heavy Taiwan, which may be hit by weak U.S. growth, a JPMorgan fund manager said. Full Story

China set to lift ban on Sino-foreign brokerages

The China Post - Foreign investment banks will be able to establish joint ventures with securities firms in China by the end of the year, the Financial Times reported Monday. The policy follows China's promise at the last round of strategic economic talks with the U.S. in May to implement the change amid foreign frustration at being effectively shut out of China's booming stock markets. Full Story

Credit Suisse cuts PRC stock to underweight

The China Post - Chinese stocks included in MSCI indices were cut to "underweight" at Credit Suisse Group after the country's banking regulator said it will limit the amount citizens can invest in Hong Kong shares. Full Story

China seizes Mattel apology to make case

The China Post - China highlighted Mattel's apology over its recall of huge numbers of toys Monday to press Beijing's claim that its exports are generally safe and foreign politicians and media have unfairly hyped quality scares. Full Story

Forget 'dog years' and welcome to the age of 'China years'

The China Post - In October 2001, George W. Bush stepped out of his limousine in Shanghai's Pudong district for the first time in 26 years and uttered a single word: "Wow." Full Story

Yip's Chemical says toy recalls may boost paint sales

The China Post - Yip's Chemical Holdings Ltd., a maker of solvents, paint and ink, said sales of toy paint may rise as much as 30 percent after product-safety concerns force toymakers to seek raw materials deemed to be of higher quality. Full Story

State-run banks told to invest more on green projects

The China Post - China's cash-rich state-run commercial banks should invest more in energy-saving and renewable projects, an academic and a government official said Sunday. Full Story

Ford starts production at China factory

The China Post - Ford Motor Co. said its newest joint-venture factory in China began operations Monday and will produce small cars under the Ford and Mazda brands for the fast-growing Chinese market. Full Story

Dell to sell PCs with China's largest electronics retailer

The China Post - Dell Inc. announced a deal Monday to launch a retail presence in China by selling computers through the country's biggest chain of electronics stores as it struggles to capture a bigger share of the booming market. Full Story

Cathay, Air China may team up

The China Post - Trade in Air China's Hong Kong-listed shares was suspended Monday amid reports the Chinese flagship carrier and partner Cathay Pacific Airways plan to try to block a bid by Singapore Airlines to take a stake in China Eastern Airlines. Full Story

China could become top wind market in three years: Vestas

The China Post - China could become the world's top wind power market in three to five years but will grow faster if it reforms its subsidy system, executives of major wind turbine maker Vestas said last week. Full Story

Forbidden City coffee shop replaces Starbucks

The China Post - A coffee shop has opened at the heart of the Forbidden City, the former Chinese imperial palace, replacing a controversial Starbucks cafe that was forced out by public protest. Full Story

China smashes hotel's fake liquor racket

The China Post - Quality supervisors raided a hotel in far west China and made the biggest-ever seizure of fake Maotai, the fiery national liquor favored by Communist Party leaders at state banquets. Full Story

Hopes fade for eighteen trapped miners in China

The China Post - Rescuers held out little hope Monday for the survival of 18 trapped miners in a northern China mine, five days after the outbreak of a fire that has left three dead, an official said. Full Story

Brilliance China falls on earnings potential concerns

The China Post - Brilliance China Automotive Holdings Ltd., the Chinese partner of Bayerische Motoren Werke AG, fell the most in more than a month in Hong Kong trading on concern that the company had risen above its earnings potential. Full Story

China Construction Bank IPO raises 57.1 billion yuan

The China Post - China Construction Bank Corp. announced Monday it had raised 57.12 billion yuan (US$7.6 billion) from its initial public offering in Shanghai, the largest in mainland China. Full Story

China's own high-speed train due by year-end

The China Post - China's first domestically developed high-speed train, capable of reaching 300 kilometers (190 miles) per hour, will roll off production lines by the end of the year, state media reported Monday. Full Story

PetroChina, Sinopec parents regain oil sales licenses

The China Post - China National Petroleum Corp. and China Petrochemical Corp., the nation's two largest oil companies, regained licenses to sell and store crude oil, the government said. Full Story

China South Motor files for IPO approval

The China Post - China South Industries Motor Co. has applied for regulatory approval for an initial public offer of shares, general manager Xu Bin told Reuters Monday. Full Story

China Digital TV may raise US$156 million in New York

The China Post - China Digital TV Holding Co., the nation's largest supplier of smart cards for digital TV access, may raise as much as US$156 million from a New York Stock Exchange initial public offering, according to a regulatory filing. Full Story

Gindalbie to buy Sundance Resources for US$1.4 billion

The China Post - Gindalbie Metals Ltd., the Australian iron ore miner backed by China's third-largest steelmaker, agreed to buy Sundance Resources Ltd. for A$1.6 billion (US$1.4 billion) in stock to add projects in Africa. Full Story

Xinxin Mining may raise US$501 million in Hong Kong

The China Post - Xinjiang Xinxin Mining Industry Co., China's second-largest nickel producer, may raise as much as HK$3.9 billion ($501 million) in a Hong Kong initial public offering, two people with direct information on the sale said. Full Story

Chinese freight firm starts flights to German airport

The China Post - The Chinese freight company Link Global Logistics on Monday began regular flights between the central Chinese city of Zhengzhou and its newly purchased airport in northern Germany. Full Story

Cathay Pacific raises ticket surcharges

The China Post - Cathay Pacific Airways Ltd., Hong Kong's largest airline, will raise its ticket surcharges for the second time this year because of higher fuel prices. Full Story

Fed benchmark rate cut is a blessing and a curse for China

The China Post - As the Federal Reserve cut interest rates by half a point last week, it's doubtful much thought went into what it would mean for China. Full Story

Why Mattel has to apologize publicly

The China Post - The Chinese call it guanxi, and it refers to the relationships that are so crucial to doing business in their country. Full Story

Chinese warn Australian miners on iron ore pricing

The China Post - Chinese steelmakers Friday warned Australian mining companies against exploiting their position when iron ore price negotiations begin next month. Full Story

China's vehicle exports to rise 46%, official says

The China Post - Vehicle exports from China, the world's third-biggest producer, may increase at least 46 percent this year as carmakers manufacture more sedans and trucks. Full Story

Inspections intensified for United States cattle hide imports

The China Post - Inspectors in northeast China have stepped up checks on cattle hides imported from the United States after finding live flies in six shipments, state media said Sunday. Full Story

Citic Ltd. net rises 14% in first half on oil demand

The China Post - Citic Resources Holdings Ltd., a unit of China's fourth-largest oil producer, said profit rose 14 percent in the first half as the nation's demand for energy and resources increased. Full Story

United States paper maker hopes deal will help it compete against Chinese imports

The China Post - A privately owned company that supplies paper to magazine and catalog publishers is buying the North American operations of one of the world's largest makers of paper products for about US$2.1 billion (euro1.49 billion). Full Story

China coal mine fire on Wednesday traps 15 miners

The China Post - A fire at a coal mine in northern China has trapped 15 workers and has been burning since Wednesday, the official Xinhua news agency said. Rescuers at the mine in Shanxi province have already found three bodies, though 18 people managed to escape, the report on Sunday said. Full Story

China to limit Hong Kong stocks investments

The China Post - China will impose limits on the amount of money local investors can spend on Hong Kong stocks, an official said Friday, suggesting the city will not see the wave of funds originally expected. Full Story

California recalls lunch boxes over lead concern

The China Post - About 56,000 Chinese-made lunch boxes distributed by California in an effort to promote healthful eating may contain lead, and state officials urged consumers not to use them. Full Story

Mattel apologizes to China for toy recalls

The China Post - The world's largest toy maker, Mattel Inc, apologized on Friday for damaging China's reputation after recent massive recalls of its Chinese-made toys, admitting it targeted some goods that were actually up to scratch. Full Story

World Bank ex-chief says power heading east to India, China

The China Post - The former president of the World Bank said Friday that rich countries were ill-prepared to deal with the "tectonic shift" in economic power toward developing nations, in particular to India and China. Full Story

China's Sinopec, DuPont form chemical venture

The China Post - China Petroleum and Chemical Corp., or Sinopec, has formed a chemicals joint venture with a unit of U.S. company DuPont Co., it said Friday. Full Story

China's top lender gets nod for leasing unit

The China Post - The Industrial and Commercial Bank of China, the nation's top lender, said Friday it had received regulatory approval to set up a financial leasing company in a move to diversify its income sources. Full Story

Philippine fast-food giant acquires China chain

The China Post - Philippine fast-food giant Jollibee Foods Corp. said Friday it had acquired the Chinese restaurant chain Jollibee Foods Corp. for about US$50.5 million. Full Story