Chinese General Nuclear Power Group and French energy company expected to sign a letter of intent for planned new plant at Hinkley Point

Mayor of the city of 8m people is the latest high-ranking official to get tripped up by China’s anti-graft campaign

The author is head of Greater China research at Standard Chartered, Stephen Green It looks increasingly likely that China’s government will release a big new official estimate for local government debt in October. This is the clear message from recent commentary by central government officials. We estimate that the number could be RMB21.9 trillion to […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Beijing-based retailer Wumart Stores Inc. says the company will acquire 36 of Hong Kong-listed Thai retailer CP Lotus stores in China. After the acquisition, Wumart will own all the CP Lotus stores on the mainland except for 19 branches in Guangdong and Hunan provinces, which will remain under CP Lotus management. Wumart will also purchase […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

The author is Nomura China chief economist Zhiwei Zhang Chinese State Council has recently issued general guidelines to resolve the overcapacity problem. The guidelines particularly highlight overcapacity problems in the following five industries: iron and steel, cement, electrolytic aluminum, flat glass, and the shipping industries, as their utilization rates were only 72.0%, 73.7%, 71.9%, 73.1%, […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Beijing-based Chinese catering chain Quanjude says the company will raise a total of RMB350 million ($56 million) by offering 24.95 million ordinary shares through a private placement. IDG Capital Partners and China Lodging Group, a domestic hotel group, will buy the new shares of the Shen Zhen Stock Exchange-listed Quanjude. IDG will purchase 17.8 million […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Chinese Internet portal Sohu.com has confirmed that Liu Chun, vice president and chief editor of Sohu.com, will depart the company. Liu's departure is reportedly due to personal reasons. Liu joined Sohu.com in July 2011. During his service at Sohu.com, he worked as vice president of the company, chief operating officer of the video section, and […]

Chinese search engine Baidu.com may acquire Zongheng.com, an Internet literature website owned by Perfect World, for between CNY300 million and CNY400 million. According to reports in Chinese local media, neither party has given further comments on the rumor. Zongheng.com has reportedly lost tens of millions of RMB every year and it may fall apart at […]