Articles By tjdetai

China putting a brake on inflation
BEIJING - The fluctuation range of China's currency exchange rate can be further broadened to help curb rising inflation, Li Daokui, a member of the monetary policy committee of the People's Bank of China, said at a forum on Saturday."The rapid price rises that the country faces are largely propelled by increasing costs instead of surging demand, leaving...

Chalco starts RMB-4.17 bln projects in Guangxi
Nov. 26, 2010 (China Knowledge) - Aluminum Corp of China Ltd or Chalco<601600><2600> has started construction on three projects with investment totaling RMB 4.17 billion in the Guangxi Zhuang Autonomous Region, according to the State-owned Assets Supervision and Administration Commission.The three projects, which...

Chinese Stocks in the U.S.: Chalco, Unicom, PetroChina, Sohu
The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, fell 0.2 percent to 429.92. The American Stock Exchange China Index gained 0.3 percent to 237.51. The Shanghai Composite Index was little changed at 2,842.43.The following companies were among the most active Chinese shares in New York trading. Stock symbols are in pa...

Shanghai Pudong Bank, China Minsheng, Zijin Mining: China Equity Preview
Bloomberg Dec 22---The following companies may have unusual price changes in China trading. Stock symbols are in parentheses, and share prices are as of the last close.The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, gained 51.20, or 1.8 percent, to 2,904.12. The CSI 300 Index rose 2.2 percent to 3,249.51.Oil-rela...

China prices driven up by rising costs
SHANGHAI, Jan 13 (Reuters) - China domestic steel prices rose modestly over the week as major steel mills raised February contract prices for their products, with the increases reflecting rising raw material costs rather than improving demand.Rebar, widely used in the construction sector, rose to 4,600-4,610 yuan (6.6-8.1ᦀ...

China Hongqiao: See 2010 Net At Least CNY4.1 Billion Vs CNY556 Million
HONG KONG -(Dow Jones)- China Hongqiao Group Ltd. (1378.HK) said in its listing prospectus Wednesday it expects its 2010 net profit to soar to at least CNY4.1 billion from CNY556 million the year before because of improved global demand for aluminum and a recovery in aluminum prices from their lows of 2009.The Shandong provinc...

China?s Stocks Rebound as Copper Producers, Automakers Rise
Jan. 27 (Bloomberg) -- China’s stocks rebounded after copper producers surged as an improving U.S. economy boosted metal prices. Developers declined after the government intensified measures to curb gains in property prices.Jiangxi Copper Co., the biggest maker of the metal, jumped the most in a week as copper prices climbed after...

China?s Stocks Rebound as Copper Producers
Jan. 27 (Bloomberg) -- China’s stocks rebounded after copper producers surged as an improving U.S. economy boosted metal prices. Developers declined after the government intensified measures to curb gains in property prices.Yunnan Copper Industry Co. (000878 CH), China’s fourth- biggest producer of the meta...

Minmetals to buy more assets
China Minmetals Corp, one of the country's top mining companies, is planning to expand its ferrous resources tenfold during the next five years, to supply the rising demand for raw materials, a company executive said.The Beijing-based company, which is also the country's largest metals trader, aims to acquire more mining resources to increase its proport...

Chalco to Cut 2.25 Billion Yuan of Costs in 2011
Aluminum Corp. of China Ltd., the country’s biggest producer of the metal, plans to cut 2.25 billion yuan (2 million) in costs this year, Chief Executive Xiong Weiping said at a briefing in Hong Kong yestday。Chalco, as the company is known, will cut costs by 300 million yuan by reducing consumption of raw materials and f...

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