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Editor's Pick

Crude futures hit US$100 for first time

Crude oil futures set a record close Wednesday, the first trading day of year 2008, after briefly hit US$100 a barrel on concerns of tight supply and weak US dollar.

China Investment Co. to invest US$5b in Morgan Stanley

China Investment Corp. (CIC), the nation's state-owned forex investment firm, said late Wednesday that it has agreed to invest US$5 billion in the No. 2 US investment bank Morgan Stanley.

Third China-US SED opens in Beijing

The Third China-US Strategic Economic Dialogue (SED) opened in Beijing in Grand Epoch City on Wednesday morning.

Baosteel 'quite likely' to bid for Rio Tinto

China's largest steel manufacturer is "quite likely" to bid for mining giant Rio Tinto, Baosteel Group Chairman Xu Lejiang said recently.

Fuel shortage as crude oil prices rocket

Some gas stations are limiting diesel sales as the nationwide fuel shortage starts to hit Shanghai.

Tobacco industry needs reform

Outlook Weekly reports that China's tobacco industry is faced with multiple difficulties incurred by "misshapen" reforms that haven't affected the deeply rooted planned economic systems.

Baosteel declines after EU says tariffs under study

Baoshan Iron & Steel Co, China's biggest steel maker, fell the most in two weeks in Shanghai trading after European rivals, including ArcelorMittal, said they are building an anti-dumping case against Chinese imports.

Making Chinese Food Safe

Chinese-made goods have come under intense scrutiny in recent months. They have been banned or recalled in the US and in a growing number of other countries. Problems have ranged from potentially dangerous levels of toxins or chemicals in seafood to poisonous toothpaste ingredients and tainted dog food.

Experts Speak Out on Chinese Toy Quality

For Chinese toy producers, this August was a true nightmare, as tens of millions of Chinese-made toys were recalled by foreign companies. After analyzing the situation, experts pointed to trade barriers and suggested Chinese toy producers hold their ground to fight against the recalls. In addition, all producers should take measures to enhance product quality and the Chinese toy industry should go through an innovation-oriented reform to create its own famous brands.

Report: Car Sales Up as Driving Age Decreases

As the Chinese car market undergoes explosive growth, an investigation shows that drivers are becoming younger and more of them are women.
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Bank of China Quotations

July 7-12 China Shenyang Int'l Auto Industry Expo
July 9-12 Qingdao China Int'l Consumer Electronics Show
July 15-18 Shanghai Int'l Machine Tool Fair
July 29-31 Shanghai Int'l Sporting Goods Expo
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