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Pork, pig prices soar past 2008 record

Consumers buy pork in a store in Yiwu, Zhejiang province. In some second- and third-tier cities, the price of pork rose above 30 yuan ($4.64) a kilogram. (Photo / China Daily) The prices of pork and live pigs climbed higher than the record set in 2008 and will continue their ...

China's rich swoop on homes overseas

Estate agents' signs on buildings in London. Overseas nationals purchased 28 percent of the resale properties across all prime sites in the British capital last year. [Photo / Bloomberg] BEIJING - An increasing number of China's rich are snapping up properties overseas in the ...

Gas officials still optimistic

An employee at the OAO Gazprom gas compressor facility in Volokolamsk, Russia. China and Russia failed to finalize a deal on pipeline gas supplies last week due to a disagreement over the price. [China Daily via agencies] Despite China and Russia's failure last week to finalize a ...

Hon Hai seeks to move away from contracts

Hon Hai Precision Industry is Apple Inc's largest manufacturing partner. Hon Hai Precision Industry, Apple Inc's biggest manufacturing partner, is seeking to transform itself into a technology firm and leave behind the low-margin contract business that has made it one of the ...

Most expensive apartment no longer up for sale

Photo taken on May 26, 2011 shows staff member of the apartment buildings "Diaoyutai Courtyard Number 7" refusing interview in Beijing, capital of China. [Photo/Xinhua] BEIJING -- China's most expensive luxury apartment is no longer up for sale, the apartment's developer said on ...

Battle waged against sands

Residents of Maqu county in Northwest China's Gansu province plant brush on land threatened by desertification in June. [Photo/Xinhua] BEIJING - China faces huge challenges in its fight against desertification, which is haunting more than 27 percent of its total land area and ...

All aboard for 10 hours of speed and surprises

A train attendant delivers food to media delegates who are aboard a Beijing-Shanghai high-speed train for a personal experience on Friday. [Photo/China Daily] When I was thinking of what dateline to use for this story, I hesitated, because I left Beijing for Shanghai and returned ...

Russia beginning to look eastward more for trade

Chinese President Hu Jintao speaks at the International Economic Forum in St Petersburg, on Friday. [Photo/Agencies] St Petersburg / Beijing - One of the chief symbols of the Russian state has long been a double-headed eagle, with one head representing the East and the other the ...

China's most expensive apartment no longer up for sale: developer

Photo taken on May 26, 2011 shows staff member of the apartment buildings "Diaoyutai Courtyard Number 7" refusing interview in Beijing.(Xinhua/Luo Xiaoguang) China's most expensive luxury apartment is no longer up for sale, the apartment's developer said on Friday, following high ...

Tests find no DEHP in instant noodles

South Korean brand Nong Shim instant noodles are put back on shelves in Hangzhou, Zhejiang province, after a third-party test found no traces of cancer-causing plasticizer DEHP in the product. [Photo / China Daily] SHANGHAI - The Japanese and South Korean brands of instant ...

Govt gets earful of tax suggestions

BEIJING - Only 15 percent of respondents expressed satisfaction at a proposed new income tax threshold. The proposed increase, which was put online to gauge public opinion, received responses from more than 82,000 people. The increase would see the personal income tax threshold ...

Foreign banks OK'd to underwrite corporate debt

HSBC Holdings' building in the financial district of Hong Kong. The China units of HSBC Holdings and Citigroup Inc have won initial approval to underwrite corporate debt in the country. [Photo / China Daily] Move paves way for HSBC and Citigroup to win Chinese licenses HONG KONG ...

City dwellers find prices unaffordable, PBOC says

More than two-thirds of urban residents said prices were unaffordably high in the second quarter, according to survey results released by the People's Bank of China (PBOC) on Wednesday. The survey of 20,000 bank depositors in 50 large cities showed that 68.2 percent of residents ...

Beijing to Shanghai speed to hit 350km/h

BEIJING - The operating speed of the much-anticipated Beijing-Shanghai high-speed railway is likely to reach 350 km/h in the future, said a senior railway official. Zhai Jianguo, chief accountant with the Beijing-Shanghai high-speed railway company, said on Wednesday that in 2007 ...

Japan set to boost China investment

Manufacturing facilities to move from areas hit by quake, tsunami BEIJING - Japanese investment in China is set to surge as it transfers manufacturing bases from areas damaged by the March earthquake and tsunami, boosting China's foreign direct investment (FDI), the Ministry of ...

PBOC issues commemorative coins for CPC's 90th anniversary

BEIJING - China's central bank on Wednesday released commemorative coins for the coming 90th founding anniversary of the Communist Party of China (CPC). The coin, made of brass alloy and 30 mm in diameter, has a face value of five yuan ($0.77). A total of 60 million coins have ...

Focus on guarantee business

The China Banking Regulatory Commission headquarters in Beijing. [Photo / China Daily] CBRC preparesinstructions for banks to inspect the health of their lending practices BEIJING - The China Banking Regulatory Commission (CBRC) will require banks to examine their guarantee ...

Tolls on road take a rising toll on drivers

The toll changes hands, from driver to attendant, at the Bailu toll station in Beijing. Provincial governments finance most road construction through debt, which is to be repaid by tolls.[Photo / China Daily] The toll for a car on the Beijing Airport Expressway is 10 yuan. The ...

From Beijing to Benin, Guinea to Guangzhou

Workers fixing guard rails on a bridge in Bamako, capital of Mali. The bridge, built using Chinese aid funds, will be completed by September. [Photo/Xinhua] Investment in Africa is set to increase, as Ding Qingfen has been discovering. The crowd roars and someone shouts "Nice ...

Tightening may ease: Analysts

According to an economist at the Bank of Communications Co Ltd, further reserve ratio increases will slow significantly in the second half of this year. [Photo/Bloomberg] PBOC treading fine line between economic growth and inflation BEIJING - Although China's consumer inflation ...
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Latest World News

world

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finance

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Panel to push financial reform in FTZ
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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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trade

sports

Injured star short-track skater Wang Meng left out of China's squad for Sochi
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Li Na wins French Open women's singles title
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