Archive for the ‘Business’ Category
Monday, August 13th, 2007
Survey: Gas prices drop a dime
Average price for self-serve regular slips to $2.78 per gallon, but decline may be over as wholesale prices are on the rise.
Gas prices fell 10.72 cents over the past two weeks, to $2.78 per gallon of self-serve regular, according to a national survey.
That brings ...
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Thursday, August 9th, 2007
Chinese vehicle markets have shifted permanently in favor of replacements, according to the Union of National Passenger Car Market Information.Rao Da, secretary-general of the association, predicted there would be at least 8.5 million vehicles sold in 2007, one-fifth of which will be consumers' second car. Figures show the number of ...
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Thursday, August 9th, 2007
China's passenger vehicle sales rose to 3.54 million in the first seven months this year, up 23.7 percent from the same period last year, according to the China Association of Automobile Manufacturers.
Sales of sedans jumped 26.6 percent to 2.64 million, sports-utility vehicles soared 46.4 percent to 187,600, while multi-purpose vehicles ...
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Thursday, August 9th, 2007
An investor monitors stock price movement at a brokerage in Changchun, Northeast China's Jilin Province August 9, 2007. [newsphoto]
China's stock market capitalization topped the country's Gross Domestic Product (GDP) for the first time on Thursday as a key stock index hit a fresh record high for a fifth straight session.
The benchmark Shanghai ...
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Saturday, August 4th, 2007
BEIJING, Aug. 3 (Xinhua) -- China's share prices rose to a new high for the third time this week as the blue chips in the property and financial sectors led the way. On Friday the benchmark Shanghai Composite Index soared 153.04 points, or 3.47 percent, to close at 4,560.77 points on ...
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Tuesday, July 31st, 2007
China will raise the reserve requirement ratio by half a percentage point to 12 percent for commercial banks from Aug. 15, the People's Bank of China (PBOC) announced on Monday.
"The move does not come as a surprise seeing as almost every economic index is overheating," said Song Guoqing, an economist ...
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