Profit growth of China's state-owned enterprises slows

The profit growth of China's state-owned enterprises has slowed in the first eight months of this year amid slackening of momentum in the economy, according to data released by the Ministry of Finance.

Chinese consumers switch gears from cash to credit for car buys

In a country where owning a car has long been a symbol of luxury and success, around 85 percent of Chinese car buyers still buy cars with cash.

China's FDI inflow falls for second month

Foreign Direct Investment into China fell for the second consecutive month in July to USD 7.58 billion, an 8.7 percent drop compared to the same period last year.

China's online retailers declare cut-throat price war

Liu Qiangdong, chairman and founder of 360buy.com, China's second-largest online retailer by sales, announced that his company will sell all major electric home appliances at cheaper prices than his rivals Gome and Suning from Wednesday.

China's gold production up 6.59% till May 2012

In May alone, the country's gold output hit 31.2 tonnes, China's Ministry of Industry and IT said in a statement.