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E-retalier gets tax bill, triggers debate in China

An online retailer in Central China's Wuhan was ordered Tuesday to pay 4.3 million yuan (665,830 U.S. dollars) in taxes, the first such case disclosed in China. Sales revenue of the Wuhan-based women's clothing store that operates on Taobao.com, My 1 Percent, totaled about 100 ...

Sino-Russian deal possible

Workers carry out an inspection at a substation in Huaiyang county, Henan province. China and Russia have a long history of energy cooperation. [China Daily] The State Grid is considering investing in power stations in border areas to facilitate power transmission from Russia to ...

China, Germany sign $15 billion deals

Premier Wen Jiabao, accompanied by German Chancellor Angela Merkel, inspects an honor guard on Tuesday during a welcome ceremony at the Chancellery in Berlin. [Photo / Reuters] Both countries set target of doubling annual trade by 2015 BERLIN - China and Germany signed deals ...

Chinese shoppers feel at home in UK stores

A China UnionPay terminal at a counter at a Selfridges department store in central London is one of many offering Chinese customers an easier payment option. [Photo / China Daily] LONDON - Department stores and high-end retailers in the British capital have seen a heartening rise ...

Volumes set to rise at Shanghai Port

Shanghai International Port (Group) Co expects the volume of business in the Port of Shanghai to rise by about 10 percent a year during the next five years.[Photo / China Daily] SHANGHAI - Shanghai port, the world's busiest for containers, expects business volumes to rise about ...

Local govts run up huge debts

Top auditor says 10.7 trillion yuan owed nationwide BEIJING - Local governments had an overall debt of 10.7 trillion yuan ($1.65 trillion) by the end of 2010, said China's top auditor on Monday in a report to the National People's Congress. He warned that some were at risk of ...

Stocks rise for fifth day in row

SHANGHAI - Stocks on the Chinese mainland rose for a fifth day on Monday, the longest winning streak since February. The advance came after a cash shortage in the financial system eased and the nation's biggest brokerages said equities were poised to rally. China Eastern Airlines ...

China placing priority on biotechnology

A company exhibits biodiesel fuel at an expo held in Beijing. From 2011 to 2015, the biotechnology industry is expected to generate 1 million jobs and reduce emissions of the most common pollutants by 10 percent, said Ma Hongjian, deputy director of China National Center for ...

Partnership formed for C919 plane

A demo mock-up of the full-scale forward fuselage of trunkliner C919, a flagship product of the Commercial Aircraft Corporation of China Ltd. (Comac), is on display during the 49th International Paris Air Show, June 20, 2011. [Xinhua/Gao Jing] The Commercial Aircraft Corp of ...

China placing priority on biotechnology

A company exhibits biodiesel fuel at an expo held in Beijing. From 2011 to 2015, the biotechnology industry is expected to generate 1 million jobs and reduce emissions of the most common pollutants by 10 percent, said Ma Hongjian, deputy director of China National Center for ...

China signs $4.3b deals with UK

Premier Wen Jiabao walks with British Prime Minister David Cameron toward 10 Downing Street in central London on Monday. [Photo / Associated Press] Wen, Cameron hold talks covering trade, security and human rights LONDON - Trade deals worth $4.3 billion, including a $2.46 billion ...

China steps up subsidies for the needy

Like consumers everywhere, these shoppers at the Wangjing Gymnasium Park market in the capital face higher food prices. [Photo / China Daily] BEIJING - More than half of all Chinese provincial-level regions have established a mechanism to offer subsidies to the needy as high ...

Wen puts UK visit in fast lane

Premier Wen Jiabao greets Jack Hunt, the son of British Secretary of State for Culture, Olympics, Media and Sport Jeremy Hunt (center), during a visit to William Shakespeare's birthplace in Stratford-upon-Avon in Britain on Sunday. [Photo / Associated Press] LONDON - While ...

CNPC opens Iraqi oilfield

A subsidiary of China National Petroleum Corp in Lanzhou, Gansu province. The State-owned company s investment to develop and explore the Al-Ahdab oilfi eld in Iraq is about $3 billion. [ China Daily] China National Petroleum Corp (CNPC), the nation's biggest oil company by ...

Wen puts respect in driving seat

Premier Wen Jiabao smiles as he gets into an MG6 car during his visit to the MG plant in Birmingham, central England , on Sunday. [Photo / Reuters] Premier starts UK trip with car launch and visits the home of Shakespeare Birmingham / London - With a car launch and a visit to ...

China backing nations' battle against debt crisis

Salespeople wearing traditional Hungarian clothes promote Hungarian products at an exhibition in Beijing in this file photo. [Photo / China Daily] BUDAPEST, Hungary - After announcing the purchase of Hungarian bonds at the start of his visit to Europe, Premier Wen Jiabao on ...

Organic food a growing biz for the health-aware

A mushroom growing room in the Beijing Leading Green Food Co Ltd in Tongzhou District, Beijing. The mushrooms are produced without synthetic pesticides, chemical fertilizers or chemical food additives, and are not genetically modified, the company said. [Photo / Provided to China ...

The business where inflation counts

Hu Xinying, owner of Balloon Queen in Beijing's Central Business District, surrounded by colorful balloons. She says she is very confident about her future. [Photo / Provided to China Daily] Young entrepreneur quits the dry world of finance for something more whimsical and ...

Investors' Forum points to shifts in clean tech capital

A buzz of excitement permeated the room at the 4th Annual Cleantech Investor Forum on June 21 in Beijing. Some of the world's top investment managers, market analysts, and consultants in green technology shared their predictions about long and short-term investment trends and ...

Franchise heat

Foreign companies see huge opportunities for business The 107-year-old Donglaishun has 200 stores, 70 percent of which are franchises. [Photo / China Daily] Yang Yunhui, a 36-year-old Beijing resident, was searching for her future at last month's 13th China Franchise Expo. She is ...
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Latest World News

world

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Chicago unveils Chinese New Year celebrations
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market

finance

Panel to push financial reform in FTZ
Panel to push financial reform in FTZ
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Economist sees world economy strengthening in 2014
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China economic reform in focus at World Economic Forum
China economic reform in focus at World Economic Forum
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company

industry

China's banks must evolve or perish
China's banks must evolve or perish
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Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
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Chinese steelmakers see profits plunge
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trade

sports

Injured star short-track skater Wang Meng left out of China's squad for Sochi
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Yao's gift of sport for all
Yao's gift of sport for all
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Li Na wins French Open women's singles title
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History-making tennis legend Li Na notched the first-ever grand slam ...
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