Sinopec (SNP.NY, 600028.SH, 0386.HK) has received approval from the National Development and Reform Commission to expand annual capacity at its Maoming Petrochemical refinery by 12 million tonnes to 25.5 million tons, China Business News reported. The refinery, which was established in Guangdong province in 1955, will overtake PetroChina’s (PTR.NY, 600...

The tenth Jinjiang shoe fair was a disapointment for local shoemakers. China Business News takes a look at an industry under pressure

SA editor Judy Well rounds up the global impact of the US subprime crisis on Seeking Alpha. She cites an AFP report in which People’s Bank of China chief Zhou Xiaochuan claims China largely survived the fiasco. “The negative impact of the US subprime crisis on the domestic economy seems so far smaller than originally expected,” he said.Inte...