business executive who was scheduled to be an Olympic torch bearer in central China has been disqualified amid charges he is involved in an illegal capital raising scam, state media reported on Thursday. Wu Zhenhai, former board chairman of an agriculture company in Shangqiu city of Henan province, i9s accused of improperly raising 610 million yuan ($87 million) from the public.
Diane Wang's DHgate makes inroads into India's e-commerce ahead of Jack Ma's Alibaba.
Take a look at these dazzling cars of the future.
Online grocers like Bigbasket and localbanya witness surge in sales.
From parity in 1980, China's economy has outgrown India's fivefold to $10 trillion
Look for companies whose earnings growth may not be great, but they are relatively debt-free.
Beijing has vowed the Olympic Games will take place under blue skies, not the murky "sauna" haze that has shrouded the city recently, but even on apparently clear days pollution levels may not be safe for athletes. Officials lavished 120 billion yuan ($17.6 billion) on cleaning up the capital with factories dozens of miles away closed down, construction halted, and over half the city's 3.3 million cars cleared from the roads.
Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.
The BSE Sensex surged over 442 points to close at its life-time high of 38,694.11 and the broader NSE Nifty ended at a fresh record of 11,691.95, rising 134.85 points.
At least 35 per cent, or $400 billion worth of goods, that are sourced from China could shift to countries such as India, Thailand, Vietnam among others over the next 10 years, according to a study by US-based retail and supply chain solutions firm DCB and Company. India is expected to take the lion's share of volume shift compared to its counterparts in the region, the study says, due to its IT prowess, infrastructure and agents network.
China's central bank will drop former leader Mao Zedong's face from six million new 10 yuan ($1.46) notes to mark next month's Olympic Games.
China's new National Stadium, the centrepiece of the Beijing Olympics, was opened to international media for the first time.
An official said that people in the government were aware of the benefits as well as the drawbacks of issuing overseas sovereign bonds, and there will be consultations with all stakeholders.
The freeway will cover 296.5 km at a budgeted cost of 4.02 billion yuan ($503 million), with the ADB providing a loan of $150 million.
Consumption was the major driver, contributing 58.8 per cent to GDP growth
Chinese households on average had a net worth of 439,000 yuan (about $71,000) in 2012, up 17 per cent from the 2010 level, said the study by Peking University on China's livelihood development.
India lags behind many nations in managing exchange rates, including China and Singapore.
Eleven global music giants have sued Yahoo! China, owned by e-commerce giant Alibaba, over its alleged involvement in illegal downloading and playing copyrighted music.
Exports jumped 28.1 per cent to $120.49 billion and imports shot up by 40 per cent to $100.29 billion, the customs figures showed. China said recently that the US economic slowdown and the rising value of its currency, Yuan, were likely to lead to shrinking trade surplus.
China trading volumes rose due to active trading of farm products, including sugar, soybean, corn, zinc. Trading volume hit 5 trillion yuan ($714 billion), representing an increase of 88 per cent over the same period last year, according to figures released here by the China Futures Association.
'The mood in Beijing is already nervous and feverously watchful.' 'Developments in China will be scrutinised as intensely and nervously as the ones in Washington,' says Claude Smadja.
Yuan has a pleasant surprise up his sleeve for the Tamil film music fans; his father Ilayaraja has rendered one of Yuvan's compositions in this album and incidentally it is the pick of this five-track album.
Currently Jack Ma owns 7.6 per cent of Alibaba and Joe Tsai owns 3.1 per cent.
Growth was 11.1 per cent in the first quarter, 11.9 per cent in the second, 11.5 per cent in the third but slowed down to 11.2 per cent in the fourth, according to figures released at a press conference in Beijing by NBS head Xie Fuzhan. China's red hot economy has continued to expand at a fast pace, despite a slew of measures including frequent hikes in interest rates and in the proportion of funds banks must hold in reserve, to cool it.
The American started her Australian Open title defence with a 6-3, 6-3 win over Jarmila Gajdosova in the first round.
China is the second largest spender on defence after the US. T
The broader markets were also in top gear, with the BSE midcap index surging by 2.1% at 11,431 and the smallcap index gaining 1.4% at 11,735.
Prime Minister Modi made a strategic blunder of Nehruvian proportions -- presuming no war can happen now, and the Chinese won't be a military threat and risk their economic interests, observes Shekhar Gupta.
Roger Federer opens his title defence while Tim Henman starts another year of hope at Wimbledon on Monday.
China's Yuan Meng beat Indian 16th seed Sania Mirza 6-4, 6-3 in the second round of the WTA tournament in Los Angeles.
Experts believe human activities in the region make Great Wall protection extremely difficult.
Buoyed by rapid growth in domestic consumption as well as exports, China's sizzling economy grew by 11.1 per cent in the first quarter this year though it raised concerns of overheating.
Chinese brokers had been looking to use some of the cash they raised this year to expand their global reach
The growth was 0.5 percentage points higher from the same period last year, latest figures from thellion yuan in the first half of the year.
The top seeds scored a straight sets victory over the Colombian-Chinese pair of Catalina Castano and Meng Yuan.
A man was caught with 94 iPhones attached to his body with cling film and sticky tape in China.
Buoyed by record foreign trade, surging fixed investments and industrial production, China's GDP soared by an impressive 10.7 per cent in 2006.
The yuan-denominated A-share market of China will become world's third largest stock market in the next ten years - after the stocks markets of United States and Japan, an expert from Goldman Sachs Group (Asia) Ltd. said.
Palm oil prices are rising to record levels these days because China and India are stepping up purchases.
China's opening up of its banking sector to foreign competition has not brought cheers for the Indian banks as overseas banks seeking entry into the country must bring in 200 million yuan.
