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Shanghai GM sales up 71.5% in June

Updated 8:55:57 AM

Jul 3, 2009 (China Knowledge) - General Motors Corp (GM) said on Wednesday that sales at Shanghai General Motors Co Ltd (Shanghai GM) jumped 71.5% year on year to 60,356 units in June, sources reported.During the period from January to June, Shanghai GM, the joint venture (JV) between GM and Shanghai Automotive Industry Corp (SAIC), ...More
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Franshion Property acquires land at record price in Beijing
Franshion Property (China) Ltd<0817> on Jun. 30 won the bidding for a piece of land in Beijing at the price of RMB 4.06 billion or RMB 16,022 per square meter (sq m) of potential floor area, a record price for Beijing land sold in public, sources reported.The final price was RMB 1.44 billion higher than the starting price,...More
Bank of China to extend RMB 80-bln credit line to CSSC
Bank of China (BOC)<601988><3988>, the largest foreign exchange lender in China, on Wednesday signed an all-round cooperation agreement with China State Shipbuilding Corp (CSSC), the country's biggest ship builder, the Shanghai Securities News reported.Under the terms of the agreement, BOC will...More
Hang Seng Index down 1.09% on Thu
Hong Kong stocks fell on Thursday. The Hang Seng Index, the benchmark, opened 402 points higher at 18,781. After touching the intraday low of 18,053.1 points, the blue-chip Hang Seng Index fell 200.68 points or 1.09% to close at 18,178.05.Mainboard turnover rose to HK$68.38 billion....More
   Commentary & Analysis

By Grace Tian

China's New Health-Care Reforms: Fairness vs. Effectiveness
On April 6, China unveiled a new series of health-care reforms, hoping to boost funding and oversight to provide "safe, effective, convenient and affo...More
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Finance: View All Stock Market: View All
Mainland investors now allowed to invest in 100 sectors in Taiwan

Taiwan on Tuesday issued new rules to allow mainland investors to invest in 100 sectors on the island, as the local government aims to make the stock market one of the world's top performers, Reuters ...More

Chinese stocks open 0.80% lower on Fri

Chinese stocks opened lower on Friday morning. The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened at 3,035.81 points, down 0.80% or ...More

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Beijing's residential property transaction volume swells in H1

In the first half of this year, Beijing sold 83,000 units in residential properties at an average price of RMB 13,000 per square meter (sq m), reflecting a year-on-year growth of 86% in transaction vo...More

China's official PMI stood at 53.2% at end-Jun

China's Purchasing Manager's Index (PMI) rose 0.1 percentage points to 53.2% in June, according to statistics released by the China Federation of Logistics & Purchasing (CFLP). The index, a major indi...More

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HK Exchange Fund's assets hit HK$1.76 trln at end-May

The Hong Kong Monetary Authority (HKMA), Hong Kong's de facto central bank, on Tuesday said that the total assets of Hong Kong's Exchange Fund increased by HK$ 114.7 billion from the end of April to H...More

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China to double traditional medicine output in 10 years

China will accelerate the modernization of the traditional Chinese medicine (TCM) in the next ten years, aiming to raise the output value of the TCM industry to RMB 400 billion, according to a report ...More

Shanghai GM sales up 71.5% in June

General Motors Corp (GM) said on Wednesday that sales at Shanghai General Motors Co Ltd (Shanghai GM) jumped 71.5% year on year to 60,356 units in June, sources reported.During the period from January...More

R&D: View All Trade: View All
China's 2nd home-grown ARJ21-700 takes maiden flight

The second China-made ARJ21-700 jet took a successful maiden flight on Wednesday in Shanghai, following last year's successful maiden flight of the country's first regional jet, the Shanghai Daily rep...More

Beijing's residential property transaction volume swells in H1

In the first half of this year, Beijing sold 83,000 units in residential properties at an average price of RMB 13,000 per square meter (sq m), reflecting a year-on-year growth of 86% in transaction vo...More

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