China Mobile (NYSE: CHL, HKG: 0941), the world's biggest wireless phone carrier, on Monday launched its self-developed operating system for the OPhone to pit itself against China Unicom (NYSE: CHU, SHA: 600050, HKG: 0762) that sealed a multiyear iPhone deal with Apple over the weekend. The system is based on Linux and compatible with Google's Android. It is ...

China's consumer price index (CPI) decreased 1.8% year-on-year in July, with urban areas seeing a delcine of 1.9% and rural areas 1.6%, the National Bureau of Statistics said Tuesday. Food prices, which constitute 1/3 of the nation's CPI basket, contracted 1.9% from a year earlier. The producer price index, which gauges price changes received by producers fo...

A court of Qingzhen, Guizhou province in China's southwest, accepted the country's first lawsuit against a government agency over environmental issues brought by a charitable organization on July 28. The All-China Environment Federation sued Qingzhen's land and resources authority for granting a permit to Li Wanxian, the legal person for the construction of ...

China's top four state-owned banks lent a combined ¥3.2 trillion, or 43% of ¥7.3 trillion of loans nationwide, in the first half of the year, central bank figures have shown. The share of the four giants dropped 6.5 percentage points from that seen in the first quarter, indicating lending from big banks has decelerated. Bank of China (SHA: 601988, HK...

China Shenhua Energy Co (SHA: 601088), the nation's top energy producer, has received the permit to buy 6 pieces of farmland in the Australian state of New South Wales for a massive animal husbandry project, people with knowledge of the matter has said. "I don't think Shenhua is going to raise cows there; they are coveting local coals instead," Li Chaolin, a...

Friday, July 17, 2009 – Shanghai-based Greenland Group will invest ¥12 billion in the development of a business area in suburban Shanghai's Songjiang district. The project covering 1 million m2 in area and 2 million in floor space is scheduled to be completed by 2015 when it will be home to 50,000 employees and 40,000 residents. Greenland emerged a...

China's gross domestic product expanded 7.1% to ¥14 trillion in the first half of 2009 compared to the same period last year, the National Bureau of Statistics said Thursday. Growth rate for the first and second quarters was 6.1% and 7.9% respectively. From January through June, fixed-asset investment surged 33.5% year-on-year to ¥9.1 trillion, the r...