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HK's port transshipment cargo grows 4.5%

HONG KONG - The average annual growth rate of transshipment cargo between 2004 and 2009 was 4.5 percent, the Census and Statistics Department of Hong Kong Special Administrative Region government said on Friday.Total port cargo throughput rose to 243 million tons in 2009, from ...

China's H1 current account surplus falls 8%

BEIJING - China's current account surplus fell 8 percent year-on-year to $124.2 billion in the first half, the State Administration of Foreign Exchange (SAFE) said on Thursday. The current account surplus accounted for 4.9 percent of gross domestic product (GDP) in the first half...

Consumer confidence strong in China, says McKinsey

SHANGHAI - Domestic consumers continue to have strong confidence on China's economic prospects, said a survey released on Friday by consultancy firm McKinsey & Co. The moderated gross domestic product (GDP) growth in the second quarter had a "minimum" impact on consumer ...

Datang Int'l Power net profit up 29% in H1

BEIJING - Datang International Power, a public unit of China Datang, a major Chinese power producer, said Friday its net profit for the first half of the year rose 28.88 percent year on year to 829.75 million yuan ($122.5 million).H1 operating revenue hit 28.95 billion yuan, up ...

China's ZTE H1 profits up 12%

BEIJING - The ZTE Corp, China's second largest telecom equipment maker, said Thursday that its net profit for the first half of the year rose 12.02 percent from one year earlier to 877 million yuan ($128.97 million). Special Coverage:2010 Interim Results of Listed Companies ...

China Merchants Bank posts 13b yuan profits in H1

China Merchants Bank, the nation's sixth-largest lender by assets, said Wednesday that its first half net profit jumped 59.80 percent year-on-year to 13.20 billion yuan ($1.94 billion), because incomes from interest and commission fees surged. The lender's profits beat the ...

China Mobile says H1 profit rises 4.2%

HONG KONG - China Mobile, the world's largest mobile operator by subscribers, said Thursday its net profit in the first half this year edged up 4.2 percent to reach 57.643 billion yuan ($8.5 billion) from a year earlier. Special Coverage:2010 Interim Results of Listed Companies ...

NetEase profits rise 3.9% in 2Q

China's third-biggest online game provider NetEase.com Inc said Thursday its net profit rose 3.9 percent year-on-year to 486 million yuan ($71.70 million) in the second fiscal quarter as incomes from online games and advertising surged. Total revenue for the period was 1.3 ...

China's H1 gold output up 8.69% to 159.24 tons

BEIJING - China's gold output rose 8.69 percent from a year ago to 159.24 tons in the first half of this year, the Ministry of Industry and Information Technology (MIIT) said Wednesday. Gold production in June was about 31.9 tons, up from 28.3 tons in May, the ministry said in a ...

Lenovo posts $54.9m profit

Lenovo Group Ltd, China's biggest maker of personal computers, has reported fiscal first-quarter profits of $54.9 million. Lenovo earned $54.9 million or 0.54 cent a share from the beginning of April to the end of June. The company made a loss of $16 million, or 0.18 cent a share...

Ansteel returns to profit in H1

Angang Steel Co Ltd (Ansteel), the listed unit of Anshan Iron and Steel Group, returned to profits in the first half of this year with net profit surging 275.94 percent year-on-year to 2.75 billion yuan ($405.04 million). Total revenue of the company in the first six months was ...

Yunnan Copper posts profits rise

China's Yunnan Copper said its net profit in the first half of this year rose 249 percent year-on-year to 188 million yuan ($27.69 million) because prices of nonferrous metal surged. Total revenue of the company also increased 160.11 percent from a year earlier, to 13.56 billion ...

29% FDI surge shows confidence

BEIJING - China's foreign direct investment (FDI) for July surged by 29 percent from a year earlier. The figure represents the second highest monthly growth this year and highlights the confidence of foreign businesses operating in China despite recent suggestions about a ...

Chinese credit card delinquencies drop in Q2

BEIJING - Chinese credit card holder delinquency rates dropped in the second quarter of the year despite an expansion in credit card issuance, the People's Bank of China (PBOC) said in Beijing Tuesday. Credit card delinquencies with late payment of over six months totaled 7.3 ...

Sino-Russian trade up 50% in first 7 months

BEIJING - Trade between China and Russia in the first seven months of the year hit $30.7 billion, a 49.6 percent year-on-year increase, according to Chinese Ministry of Commerce data released on Tuesday. Bilateral trade has overcome the negative impact of the global financial ...

Macao's forex reserves reach $20.72b in July

MACAO - The preliminary estimate of Macao Special Administrative Region's foreign exchange reserves amounted to 165.7 billion patacas ($20.72 billion) at the end of July, 2010, the Monetary Authority of Macao said Monday. The reserves for July rose by 1.2 percent from 163.7 ...

HK's credit-card receivables up 4.1% in Q2

HONG KONG - Hong Kong's total credit-card receivables rose 4.1 percent, or by HK$2.9 billion ($373 million), in the year's second quarter to HK$74.5 billion, the Monetary Authority of Hong Kong said on Monday.The total number of credit-card accounts grew 2.9 percent to 13. 1 ...

China Southern Airlines profit rises

China Southern Airlines Co, Asia's biggest carrier by passenger numbers, said it boosted first-half profit more than 54-fold because of surging travel demand and the sale of a stake in a maintenance venture. Net income rose to 2.1 billion yuan ($309 million), from 38 million yuan ...

CYTS H1 net profit up 10%

BEIJING - China CYTS Tours Holding Co Ltd, a major travel service provider in the country, said Monday it's net profit in the first six months this year rose by more than 10 percent year-on-year to reach 117.2 million yuan ($17.2 million). The Shanghai-listed company attributed ...

Tsingtao Brewery says H1 profit up 30%

BEIJING - Tsingtao Brewery Co, China's second-largest brewer by volume, said Monday its profit for the first half of the year climbed 29.74 percent year on year as sales of its high-end beers surged.Net profit totaled 830 million yuan ($122 million) in the first six months as ...

Latest World News

world

Chicago unveils Chinese New Year celebrations
Chicago unveils Chinese New Year celebrations
CHICAGO -- Chicago held a ceremony Friday at the landmark Daley Civic ...
UN chief, Syrian FM in verbal clash at conference
UN chief, Syrian FM in verbal clash at conference
The first day of the peace conference in Montreux, was marked by ...
Chaos on streets after three reported killed in Kiev
Chaos on streets after three reported killed in Kiev
Three people have reportedly been killed in Ukraine's capital Kiev ...

market

finance

Panel to push financial reform in FTZ
Panel to push financial reform in FTZ
Financial reform in the China (Shanghai) Pilot Free Trade Zone will ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...
China economic reform in focus at World Economic Forum
China economic reform in focus at World Economic Forum
There’s been much talk of China at the World Economic Forum-and a ...

company

industry

China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...

trade

sports

Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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