Foreign investors can build and operate cinemas and performing art agencies conditionally, but are banned to set up or run news organizations in China, according to a newly issued government document. The document was jointly worked out by five mini

    The Chinese Government issued a policy yesterday in Beijing to guide private investments into sectors of the State-owned culture industry. The policy, titled "State Council‘s several decisions on guiding non-public capital into the cultural industr

    Siemens, one of the world‘s leading electronics producers, signed an agreement with the Development and Reform Commission of northwest China‘s Xinjiang Uygur Autonomous Region Thursday, aiming to promote economic cooperation. According to the agre

    China National Offshore Oil Company Ltd. (CNOOC) has withdrawn its acquisition offer for Unocal at a proper time. Since then, its market value has risen by 7 billion US dollars. CNOOC Ltd. Chairman and Chief Executive Officer Fu Chengyu was quoted a

    Increased tax on oil and gas exploitation, coupled with soaring crude prices, may lead to further price hikes for refined oil and natural gas, industry experts have said. From July 1, crude oil exploitation tax rose 25 per cent to 300 per cent, whil

    China‘s foreign direct investment (FDI) continued its slight decline in the first eight months this year. China attracted US$38 billion in FDI from January to August, down 3.02 per cent from a year earlier, according to statistics published yesterd

    China‘s railway sector, traditionally a state monopoly, is making headway towards market reform as it strives to attract overseas capital investment. "Foreign enterprises are in talks with domestic railway companies on investment," Huang Min, chief

    Private enterprises in east China‘s affluent Zhejiang Province have decided to invest 1.2 billion yuan (US$148 million) in a key national hi-tech research and development program known as Program 863. This increases the province‘s total private in

    3M Co., a US-based Fortune Top 500 company which makes Scotch tape, Post-it notes and a range of industrial products, announced Monday it will invest more in west China in the coming years. "We have many important clients in west China. As a result,

    Carrier Corporation, the world‘s No. 1 air conditioner supplier, on Friday pledged long-term investments in China‘s heating, ventilation and air conditioning (HVAC) industry, 20 years after its entry into the Chinese market. China has witnessed ra