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Fare hike planned for Beijing taxis

The new Beijing taxi fare policy will begin on Nov. 25, 2009. One yuan will be added to any trip exceeding 3 kilometers. (Photo:english.cctv.com)
Taxi passengers in Beijing will have an extra yuan added to their fares. The move is meant to offset the city’s rising fuel prices, as they hit [...]

Climate deal may be more than words
The world is likely to see a comprehensive global warming deal, instead of a political declaration on Dec 18, when the United Nations climate change summit ends.
Leaders from China and the United States yesterday lit up hopes for success at the Copenhagen climate change conference by vowing to look [...]

Guangzhou Auto Show opens to media

Well-known Chinese model Mo Wandan poses beside an Infinity auto at the China (Guangzhou) International Automobile Exhibition on Nov 23, 2009. [Xinhua]
The annual China (Guangzhou) International Automobile Exhibition (GIAE) opens to media and professionals today. About 70 manufactures are showing over 700 vehicles, and more than 600 parts and accessory [...]

NDRC: Natural gas shortage relieved
The situation of gas shortage has been eased, the Development and Reform Commission (NDRC), China’s top economic planner, said in a statement posted on its website Monday.
A surging gas demand after the uncommon freezing weather has caused gas shortage in China’s central and eastern regions, and the government is taking emergent [...]

Banks warned of big volatility in lending
China’s banking regulator on Monday asked the country’s commercial banks to better manage risks and avoid year-end volatility in lending.
Commercial banks should ensure that lending increase was kept in a stable and sustainable pace, the China Banking Regulatory Commission (CBRC) said.
Financial institutions with low capital adequacy ratio and no [...]

Automobile industry flexing muscles
China’s prosperous auto revolution will influence the look, design and type of car everyone will be driving in the not-so-distant future.
The world’s largest market has always determined the type of vehicles we drove and for more than 50 years America was king of the road.
Industry veterans recall those happy days of glistening [...]

Auto aftermarket attracts big players

China is the world’s fastest-growing lubricant market, with demand expected to increase 3.5 percent annually through 2013. [Asiannewsphoto]
Fei Manqing realized early that a partnership with a leading global brand can be a shortcut for Chinese small business owners. Fei also entered a market that is attracting many leading multinational companies – [...]

A high-end market for hair accessories

Shiamas helps Alexandre Zouari Paris open new outlets. [Asiannewsphoto]
Chinese women enjoy strong purchasing power when it comes to luxury hair accessories, according to an agent for a top French brand.
They are often the quickest to respond to hair accessory designs by Alexandre Zouari Paris, Alice Wong, general manager of the [...]

New costs anger homebuyers

Workers clear waste outside Xinbao building on Thursday. [China Daily]
A group of homebuyers have been slapped with a total of 10 million yuan in additional costs after the developer miscalculated the floor space of their Beijing apartment building.
Homeowners are threatening to sue well-known Taiwan architect Chuang Yao-shan, who designed the Xinbao Riverbank [...]

China’s Jan-Oct premium income tops $137b
China’s premium income hit 936.09 billion yuan (137.1 billion U.S. dollars) in the first 10 months, according to China Insurance Regulatory Commission.
The figure represented an increase of 78 billon yuan, or 9.09 percent, over that in the first nine months.
During January to October period, premium of property and casualty [...]