Slowing economy drags down corporate profits

2012-10-16

Nearly half of the 1,462 companies listed on the Shenzhen Stock Exchange expect to see profit declines or losses according to their third-quarter profit forecasts.

China to cut coal output due to shrinking demand

2012-10-12

The central government is asking major coal production regions to keep annual coal output growth below 4 percent due to shrinking demand and declining prices, in a move to help the industry become sustainable, a senior official said.

Steel prices soar in Shanxi after national holiday

2012-10-12

Steel prices in Shanxi continue to soar after the first increase of 20 yuan to 60 yuan ($3.20 to $9.50) per ton on Oct 8, the first day after Golden Week. The price of high-speed wire steel increased by 20 to 60 yuan per ton on average.

Fenjiu liquor to raise prices by 20 percent

2012-10-11

The price of some Fenjiu liquor products will rise by 20 percent on average, according to an announcement by Shanxi Xinghuacun Fenjiu Liquor Group on Oct 9.

Shanxi optimizes tourism sector

2012-10-11

Shanxi province has launched 80 tourism projects, with a total investment of 37.1 billion yuan ($5.9 billion), to optimize its tourism industry.

Tourism revenue hits record high during Golden Week

2012-10-08

Shanxi province drew 22.48 million domestic and international tourists, a 43.77 percent increase over the previous year, and received record tourism revenue of 14.4 billion yuan ($2.29 billion), 67.08 percent higher compared to a year earlier, during the eight-day Golden Week holiday.

Jinshang Bank launches first mobile banking service

2012-09-28

Jinshang Bank held its mobile banking service release news conference in Taiyuan, capital of Shanxi province, on Sept 26.

Shanxi signs 6.83b yuan in contracts at Guangzhou expo

2012-09-28

Shanxi province signed 25 contracts with a total investment of 6.83 billion yuan ($1.08 billion) at the four-day ninth International Small and Medium-Sized Enterprises Expo, which closed on Sept 25 in Guangzhou.

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