Business

Battle breaks out over WoW online game

In a rare turf war between regulatory agencies, the Ministry of Culture (MOC) yesterday opened fire on the General Administration of Press and Publications (GAPP), saying its decision to pull the plug on a popular online game was "an act out of bounds". Full story

China's economy gains on domestic demand

China has made remarkable achievements in the past decade thanks to its huge trade surplus and now it turns to gain momentum from domestic demand. Full story

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ECONOMY

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Overseas venture risks loom for Chinese firms

2009-11-04 01:58:49 GMT Global Times Chinese enterprises must fully assess the unfamiliar investment environments of overseas projects before buying into them, a Chinese international law expert warned Tuesday after a walkout in a Greek port and the shooting of Chinese employees in Peru.

Underdeveloped countries look to China

2009-11-04 01:54:32 GMT Global Times Over 40 of the world's least developed countries (LDCs) sent representatives to the China Overseas Investment Fair Tuesday to promote their countries and attract investment.

Overseas investment helps global recovery

2009-11-04 00:49:00 GMT China Daily China's increasingly voracious investment in overseas markets is helping the global economy - and especially the economies of developing countries - recover from the financial crisis, according to several speakers at the First China Overseas Investment Fair Tuesday.

China's economic growth to exceed 10% in Q4: China Construction Bank

2009-11-03 02:44:45 GMT Xinhua English BEIJING, Nov. 3 (Xinhua)-- China's economic growth would exceed 10 percent in the fourth quarter due to climbing export orders and increasing domestic consumption, according to a report issued by China Construction Bank (CCB) Tuesday.

MARKETS

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Chinese shares open slightly higher Wednesday

2009-11-04 01:53:34 GMT Xinhua English BEIJING, Nov. 4 (Xinhua) -- Chinese shares opened slightly higher on Wednesday, with the benchmark Shanghai Composite Index up 0.16 percent to open at 3,119.31 points.

Rising commodities, dealmaking lift US stocks

2009-11-04 00:57:48 GMT SINA.com NEW YORK – Investors sidestepped some of their doubts about the economy and bought energy and industrial stocks as commodity prices rose.

US stock fall as Buffett deal brings modest comfort

2009-11-03 15:16:36 GMT SINA.com Investors worried about the economic recovery drew only modest comfort from billionaire investor Warren Buffett's decision to buy one of the nation's largest railroads.

US stock futures off as Europe banks offset Burlington deal

2009-11-03 13:37:50 GMT SINA.com U.S. stock index futures fell on Tuesday as the deal by Warren Buffett's Berkshire Hathaway to buy railroad company Burlington Northern was offset by poor results from Swiss lender UBS and a shake-up at two big British banks.

INDUSTRIES

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Sinopec joint-venture petrochem unit inaugurated

2009-11-04 01:47:31 GMT Xinhua English BEIJING, Nov. 4 (Xinhua) -- Asia's largest refiner, Sinopec Corp. (Sinopec), and Saudi Basic Industries Corp. (SABIC) has inaugurated their new petrochemical complex in north China's Tianjin, China Daily reported Wednesday.

Hong Kong Jockey Club riding high

2009-11-04 02:01:20 GMT Global Times The Hong Kong Jockey Club (HKJC) doesn't just horse around. It plays an enormous role in Hong Kong's economy and is much more than a non-for-profit racing organization. The club, though not immune to the economic crisis, has fared well during the economic meltdown, a senior executive said in an interview with the Global Times.

Nuclear power opens gate to private sector

2009-11-04 01:57:08 GMT Global Times A leading nuclear power producer recently teamed up with private equipment producers, marking a shift for an industry that used to rely almost exclusively on State-owned enterprises.

Overseas investment helps global recovery

2009-11-04 00:25:45 GMT Xinhua English BEIJING, Nov. 4 -- China's increasingly voracious investment in overseas markets is helping the global economy - and especially the economies of developing countries - recover from the financial crisis, according to several speakers at the First China Overseas Investment Fair Tuesday.