As the financial crisis further deepens, China's software sector saw a 5.7% drop in the revenue growth rate during the first five months of 2009 and the ongoing industrial restructuring continued, the Ministry of Industry and Information Technology (MIIT) released in a report this week.
The potential buyer of General Motors Corp's Hummer division will begin formal talks with Chinese regulators on Monday in an effort to win approval for its acquisition, The Wall Street Journal reported on Saturday.
As hard-hit Western banks and hedge funds scramble to sell their Asian loans and bonds, one newcomer expects to pick up these choice assets at rarely seen discounts.
The U.S. House of Representatives passed the American Clean Energy and Security Act also referred as the cap and trade bill, in a historic vote on Friday to advance climate legislation that President Barack Obama has promoted during his administration to put the country into a clean energy economy path.
The World Bank's Board of Executive Directors had approved loans totaling $500 million to China to assist a railway project and an urban environment improvement program, WB said on Thursday.
Finland and China on Thursday signed high-tech contracts worth $1 billion and planned new top-level trade talks aimed at further deals worth more than $2 billion, said Keqiang Li, Vice Premier of China.
Less than a week before a deadline for PC makers to install censorship software on all computers sold in China, some say they are prepared to implement it even as they quietly continue to lobby against it.
Countries at the World Trade Organisation complained on Friday about China's proposed Internet filter rules which the United States deemed draconian and the European Union urged it to scrap.
China on Thursday stepped up accusations that Google is spreading obscene content over the Internet, a day after U.S. officials urged Beijing to abandon plans for controversial filtering software on new computers.
The United States still hopes it can persuade China to abandon, or at least delay, its plan to require controversial filtering software on new computers, despite growing trade friction over the issue, a U.S. trade official said on Thursday.
China on Thursday stepped up accusations that Google is spreading obscene content over the Internet, a day after U.S. officials urged Beijing to abandon plans for controversial filtering software on new computers.
China on Thursday accused Google's English language search engine of spreading obscene content that violated the nation's law, less than 24 hours after disruptions to the company's search engines and other services within China.
As a heat wave blasted 17 provinces in China this week, four people died from heatstroke and many suffered in the hot temperature, local news reported on Thursday.
China would maintain a moderately loose monetary policy to support economic growth, People's Bank of China (PBOC) reiterated in its second quarter monetary policy report published on Thursday.
Brazilian mining group Vale is in no rush to finish iron ore price talks with Chinese steelmakers and sees little possibility they could buy ore on spot markets, the company's chief executive said on Thursday.
Britain warned on Thursday of a growing risk to military and business secrets from computer spies and pledged to toughen cyber security to protect the 50 billion pounds ($82 billion) spent a year online in its economy.
China's top economic planning agency is likely to reject Sichuan Tengzhong's bid to buy the Hummer brand from bankrupt General Motors Corp , state radio reported on Thursday.
China on Thursday stepped up accusations that Google is spreading obscene content, a day after U.S. officials urged Beijing to abandon plans for controversial filtering software on new computers.
China's Foreign Ministry on Thursday accused Google's English language search engine of spreading vulgar content that violated the nation's law.
Asian stocks rallied for a second day on Thursday after the Federal Reserve reinforced that interest rates will be kept at a record low for a while, but Treasuries extended losses as the Fed shied away from boosting debt purchases.
Internet users in China were unable to open the main site of Google, the world's biggest search engine, late on Wednesday evening, and the company said it was investigating.
The United States appears to have won a victory against Chinese barriers to imported films, books and recorded music in a preliminary World Trade Organization ruling not yet made public.
