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PetroChina Cuts Costs at Bowser

PetroChina, the nation's largest oil producer, slashed the retail price of petrol and diesel in Shanghai on Friday in an aggressive move to take on local market leader Sinopec - China's No 2 oil company.

Fifth ASEM Economic Ministers' Meeting Issues Chair Statement

The 5th ASEM Economic Ministers' Meeting issued a Chair Statement soon after it concluded with fruitful results Thursday afternoon in Dalian of northeast China's Liaoning Province. The Statement outlines consensus on important issues.

Fewer Restrictions Set for HK Films

Chief Executive of the Hong Kong Special Administrative Region Tung Chee Hwa said Wednesday that there would be no quota restrictions for Chinese-language films produced in Hong Kong entering the mainland market.

Hong Kong Firm Sets Up Industrial Park in E. China Province

A Hong Kong-based company has planned to set up an industrial park in east China's Shandong Province to attract investment from Hong Kong, local officials said on Tuesday.

Recovery Sought as Virus Retreats

Beijing may be on the brink of defeating SARS but civic leaders are already preparing for the next battle -- putting economic development back on track.

Banking Laws Under Revision

Legal experts drafting the revised version of China's two main banking laws are trying to address some lingering questions related to the industry.

China's Private Car Ownership Tops 10 Million

More than 10 million cars are privately owned in China and the number is set to continue to rise in the world's fastest growing auto market, according to the National Bureau of Statistics.

China's Economic Giant Sees Faster Growth in Private Sector

Jiangsu Province, China's second largest economic powerhouse, reported faster economic growth in the private sector during the first four months of this year.