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  • August 23, 2014
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  1. Property - Hong Kong & China

    Getting a flat in new affordable housing project in Beijing like winning a lottery

    Posted Feb 25th 2014, 11:07am by CELINE SUN; LANGI CHIANG

    ... is not the commute- it's the slim odds on winning the right to buy. "I know the hope is very small. I still want to try my luck," said Zheng Lin, a married man working in a finance company ... the municipality announced in October to check housing inflation and ease social discontent, at a time when most of the capital's middle-class families have been priced out of the market. What ...

  2. State firms' earnings fall for 4th straight month

    Posted Nov 19th 2011, 12:00am

    ... Eric Ng eric.mpng@scmp.com Mainland state-owned firms posted their fourth straight month of earnings decline, as incomes fell 13 per cent last month from September, hit hard ... in September, 191.9 billion yuan in August, 210.3 billion yuan in July and 216.8 billion yuan in June, according to estimates based on figures from the Ministry of Finance. Last month's earnings ...

  3. Wumart forecasts steady earnings growth

    Posted Sep 20th 2007, 12:00am by Staff Reporter

    ... vice-president and chief financial officer Xu Ying said. 'The average spending of our customers is also rising.' Ms Xu said the company, which has about 600 million yuan cash on hand, would ... cent to 160 million yuan. The company's shares were suspended from trading in November at the time of the resignation of then chairman Zhang Wenzhong, when it was reported that he ...

  4. State firms post strong rebound in earnings as the economy recovers

    Posted Feb 24th 2010, 12:00am by Celine Sun

    ... Celine Sun State-owned enterprises on the mainland have staged a strong profit rebound, with earnings doubling to 74.33 billion yuan (HK$84.5 billion) by January from a year earlier, ... University in Beijing. Wei said many state companies in different sectors had long been investing in property, an important source of income for them. 'Yet they will find it hard to maintain ...

  5. Respect is earned

    Posted Aug 06th 2008, 12:00am by Frank Ching

    ... is not necessary.' Beijing has announced that demonstrations by both Chinese and foreigners would be allowed inside three parks in the capital. However, on Friday, a retired Chinese doctor from Suzhou who ... up and go home. Beijing must know that the world will be watching. China is seeking the world's respect. This respect needs to be earned, not only in the coming two weeks, ...

  6. Comment - Blogs

    First thing China, August 17

    Posted Aug 17th 2012, 10:25am by John Kennedy

    ... destruction of the boat on which they arrived, no charges will be filed against the men. Beijing announces timeline for new airport construction The Beijing transport commission yesterday announced that construction of the first phase of the city's second airport will be completed by 2015, bringing with it an additional annual capacity of 40 million air passengers. Also announced yesterday were ...

  7. Chinese companies eye slice of the Big Apple

    Posted Apr 01st 2006, 12:00am by David Watkins

    ... 7 World Trade Centre. The announcement came after months of intense lobbying from the likes of New York Governor George Pataki. 'It is an important piece in the jigsaw, one of many things ... Aubuchon, before a trip to the mainland with her Hong Kong-born colleague, Ho Yuet-fung, to drum up business. 'A lot of Chinese companies look to New York as a place that, if they're ...

  8. Taken for a ride, cabbies challenge taxi companies

    Posted Nov 01st 2004, 12:00am by Staff Reporter

    ... spurred drivers' efforts to break what they describe as a corporate stranglehold on the city's taxi industry. About 67,000 registered taxis in the capital are owned by 300 companies, dwarfing the 1,200 operated by owner-drivers. The companies- including seven groups who control the market- employ 130,000 drivers who take home less than 2,000 yuan a month on average. Also ...

  9. News - China

    Beijing promises to solve its taxi problem with fare increase

    Posted Apr 17th 2013, 12:32pm by Patrick Boehler

    ... yuan. Detailed figures are yet to be announced. Taxi drivers have long called for a change in the way their accounts are settled with employers. Taxi companies provide cars to drivers ... Patrick Boehler Beijing's municipal traffic regulator has announced a series of reforms over the next two years aimed at ending the increasing scarcity of taxis in the capital. ...

  10. Revised FDI figures put yuan pressure on Beijing

    Posted Apr 02nd 2011, 12:00am

    ... last year reached US$226 billion, US$60.4 billion more than it previously announced. The discrepancy resulted from a revised method of calculation since the SAFE for the first time included reinvested earnings by foreign businesses. Inbound foreign direct investment jumped 17.4 per cent to US$105.7 billion last year, according to the Ministry of Commerce. The foreign exchange regulator, ...




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