According to a newspaper report published on Monday, even if housing prices in China drops by sixty percent, it won’t have any impact on the default rate on loans sanctioned by the China Construction Bank (CCB)  

Lenovo Group Ltd., China's biggest personal computer maker by shipments, said Thursday it turned around to a first-quarter net profit from a net loss a year earlier, as an increase in PC shipments offset lower profit margins as the company focuses on lower-priced consumer products.

Net profit for the three months ended June 30 was $54.86 million, compared with a net loss of $16.01 million a year earlier.

China outstripped Japan as the world's next - biggest nation preceding quarter, restricting the nation's three- decade mount from Communist segregation to budding superpower.

According to an e-mail sent to fund managers in an initial public offering in Hong Kong West China Cement Ltd sold shares worth one hundred and seventy nine million dollars or one decimal three nine billion HK dollars after their stock was placed at the top of a range that has been marketed to investors.

China's trade surplus with the remainder of the world ballooned to $28.7 billion last month, an indication that the country's assurances to regulate its currency haven't yet begun to bite. That could mean increasing friction with Washington, where lawmakers facing reelection in November are increasing demands for retaliation.

China Unicom is planning to release Apple's iPhone 3GS with enabled Wi-Fi capabilities in China.

Sources claim that the firm is planning to launch Wi-Fi functionality to the smartphone in order to pump sales of the device in Chinese market, the WSJ reports.

On Tuesday the Chinese government had announced that it had attained the largest surplus in trades in last eighteen months. It became possible for the country’s good exports and low imports. This will lead China into hassle with the US and other countries over China’s international economic policies.