News » Politics » Money slipping through China's wealthiest fingers: Hurun

News » Politics » Money slipping through China's wealthiest fingers: Hurun


Money slipping through China's wealthiest fingers: Hurun

Posted: 30 Sep 2012 04:14 AM PDT

The coffers of nearly half of the 1,000 wealthiest Chinese has been trickling away in the past year because of the falling share prices of their companies, according to the Hurun Rich List 2012, which...

New China, Taiwan economic committee huge breakthrough, if quick

Posted: 30 Sep 2012 03:58 AM PDT

The decision of an annual summit of Taiwanese and Chinese business leaders decided to set up a committee to serve as a platform for non-governmental and high-level economic strategic dialogue is a maj...

China turning excess solar energy inward

Posted: 30 Sep 2012 03:58 AM PDT

China's government agencies are formulating a series of measures to help the solar photovoltaic market, aiming at an increase in total installed photovoltaic capacity to 10 million kilowatts by 2015, ...

CHANGING OF THE GUARD; Elite and Deft, Xi Aimed High Early in China

Posted: 29 Sep 2012 10:00 PM PDT

An early move to rural China offers a window on the political savvy of Xi Jinping, who is on the cusp of taking over as China's supreme leader.

Taiwan health agency warns of growing cost of HIV treatment

Posted: 30 Sep 2012 02:14 AM PDT

Taiwan's Centers for Disease Control (CDC) warned at a hearing on HIV treatment Friday that the cost of providing free HIV therapy is putting increasing pressure on its limited budget, but found littl...

Russia military to ban textiles from China

Posted: 30 Sep 2012 02:14 AM PDT

Russia is proposing a ban on the purchase of textiles and light industrial products for the needs of its military from foreign manufacturers in a bid to save its local textile industry, a move which w...

US company unearths valuable Chinese curios and artworks

Posted: 30 Sep 2012 02:14 AM PDT

Chinese curios have become hot collector's items in the United States, with items originally from the imperial court especially popular, reports the Chinese-language Beijing Business Today. The Orien...

Private companies approved to run banking services in Wenzhou

Posted: 30 Sep 2012 02:14 AM PDT

Nine private companies in Wenzhou in eastern China have been given approval to launch rural banks and other financial services as part of a reform pilot program in the boomtown where small businesses ...

Chinese nationals arrested for credit card fraud in Australia

Posted: 30 Sep 2012 02:14 AM PDT

Australian police have busted a Chinese credit card fraud syndicate in Sydney, arresting eight Chinese nationals and seizing 15,000 fake credit cards that could worth up to AU$37.5 million (US$38.9 mi...

Anti-Japanese anger 'like getting drunk on cheap sake': author

Posted: 30 Sep 2012 02:14 AM PDT

Award-winning Japanese author Haruki Murakami has commented on the current tension between China and Japan over their territorial dispute in the East China Sea, expressing the hope that the country an...

Canny securities firms shower fund companies with treats

Posted: 30 Sep 2012 02:14 AM PDT

Securities firms in China have been trying to lure representatives of fund companies with beauty treatments, envelopes containing cash — sometimes as much as 10,000 yuan (US$1,600), parties and touri...

Local officials play a role in house demolition in Wenzhou

Posted: 30 Sep 2012 02:14 AM PDT

Many problems arose when Wenzhou City in Zhejiang Province began implementing a program to demolish illegal buildings on April 13, 2011, to curb the illegal use of land and illegal construction, and i...

Honda staff in Qingdao blast 'patriotic' rioters as hooligans

Posted: 30 Sep 2012 02:14 AM PDT

Chinese staff working for Honda and Toyota branches in Qingdao in eastern China's Shandong province have posted pictures online of their companies torched and destroyed during recent anti-Japanese dem...

Netizens quiz China's railways ministry over flawed booking system

Posted: 30 Sep 2012 02:14 AM PDT

A Chinese college student has asked the country's railways ministry to disclose the bidding process for its costly online ticket booking system, with many internet users backing his calls. The websit...

Cheap imports hurt Chinese milk powder producer: report

Posted: 30 Sep 2012 02:14 AM PDT

Milk powder manufacturer Beingmate's plans to invest in a project to boost its supplies of raw materials may be unnecessary in light of price cuts that have made foreign milk powder cheaper to purchas...

Surveys hint at poor level of social mobility in China

Posted: 30 Sep 2012 02:14 AM PDT

To what extent does your family background affect your life? A survey in China has found that parents' occupations do have some effect on the jobs of their offspring. Yet another survey shows that mos...

MediaTek predicts 300m smartphone sales in China next year

Posted: 30 Sep 2012 02:14 AM PDT

The smartphone penetration rate in China is set to reach 80%, with sales of 200 million handsets forecast for this year and up to 300 million handsets next year, predicts Hsieh Ching-chiang, general ...

Gold mooncakes in China raise suspicions of corruption

Posted: 30 Sep 2012 02:14 AM PDT

Gold mooncakes made their debut in the gift sector ahead of China's back-to-back autumn holidays but suspicions of corruption have been raised. Made of pure gold, the mooncake-shaped goods witnessed ...

Taiwan and US revise agreement to protect diplomats

Posted: 30 Sep 2012 02:14 AM PDT

Taiwan and the United States have made great progress on the revision of an agreement to protect the rights of diplomats from both sides, who will not be arrested unless being they are actively involv...

Mooncake scalpers profit from circular coupon scheme

Posted: 30 Sep 2012 01:58 AM PDT

The traditional Chinese Mid-Autumn Festival, also known as the Moon Festival, falls on Sept. 30 this year. By custom, employers give their staff mooncake pastries as a gift. For convenience, some empl...

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