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China Business Watch
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Sinopec’s H1 profit tumbles

CHINA Petroleum & Chemical Corporation, or Sinopec, posted a 21.6 percent decline in net profit in the first half of the year as the refiner saw a drop in oil and gas output. Its net profit fe...

Plan for direct-selling store

AUTHORITIES are hoping to open a direct-selling store in Shanghai’s Jing’an District as part of a target to build the city into a global consumption hub.   The Jing’an Commercial Commission...

FMCG sales rebound 3.6%

Sales of fast moving consumer goods in China rose 3.6 percent in the three months ended July 15, after performing sluggishly in the prior three months, according to a latest study. Sales in the hy...

Mutual funds suffer in H1

Stock market volatility at the start of the year took a toll on ChinaÕs mutual fund industry which lost 232.2 billion yuan (US$34.8 billion) in the first half of the year although the loss narrowe...

Rumors of new curbs denied as home buyers rush to seal deals

Shanghai Housing and Urban-Rural Development Commission yesterday denied rumors that a fresh round of curbs would be imposed on the city’s soaring property market as it tried to ease the nerves o...


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