Guizhou | GlobalPost

FACTBOX-China opens up shale in bid to boost slow growth

Thomson ReutersMarch 10, 2013 17:30

March 11 (Reuters) - China opened its second shale gas auction to non-oil firms, seeking to unlock huge reserves and mirror the experience of the United States where independent drillers have driven a shale boom. For a related story: The move has, however, raised concerns over the capacity of the firms picked. The auction attracted more than 100 firms, an eclectic group that included a real estate developer, a grain trader and a tobacco dealer.

China shares slip to lowest in more than a week, Moutai dives

Thomson ReutersJanuary 25, 2013 03:30

HONG KONG, Jan 25 (Reuters) - China shares closed at their lowest in more than a week on Friday, as distiller Kweichow Moutai tumbled 3.5 percent despite reporting a 2012 profit rise of about 50 percent. The CSI300 of the top Shanghai and Shenzhen A-share listings closed down 0.4 percent at 2,571.7. The Shanghai Composite Index shed 0.5 percent. Both closed at their lowest since Jan. 17. This week, they lost 0.9 and 1.1 percent, respectively. (Reporting by Clement Tan; Editing by Sanjeev Miglani)

China shares close down, Moutai drags

Thomson ReutersJanuary 22, 2013 03:30

HONG KONG/SHANGHAI, Jan 22 (Reuters) - Onshore China shares closed down on Tuesday, led by weakness in alcohol producers after retail investors were spooked by a news report the sector accounted for half of the top 10 stocks that fund managers sold off last year. The CSI300 of the top Shanghai and Shenzhen A-share listings closed down 0.5 percent at 2,596.9, slipping off Monday's 7-1/2-month closing high. The Shanghai Composite Index closed down 0.6 percent at 2,315.1.

China gift crackdown hits watches, booze but foreign brands hold on

Thomson ReutersJanuary 15, 2013 03:15

By Adam Jourdan SINGAPORE, Jan 15 (Reuters) - A Chinese government crackdown on lavish spending by officials has pushed expensive liquor and high-end watches out of favour in the luxury gift-giving market, a survey from the Hurun Report, known for its annual China Rich List, showed on Tuesday.