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HK airport's passenger throughput reaches new high in July

HONG KONG - Strong summer traffic momentum continued for Hong Kong International Airport (HKIA) as passenger throughput were up 17.5 percent from a year ago, reaching new monthly highs of 4.7 million, said HKIA Sunday.Passenger traffic to/from the Chinese mainland and South East ...

GM China's auto sales up 19.2% in August

BEIJING - GM China, the Chinese subsidiary of US carmaker General Motors, said Thursday its auto sales in August in China rose 19.2 percent from a year earlier to 181,625 units. The August figure brought sales in the first eight months of the year to about 1.57 million units, up ...

China's passenger car sales increase 59.26% in Aug

TIANJIN - China's passenger car sales in August increased 59.26 percent from one year earlier to 977,300 units, the China Automotive Technology and Research Center (CATRC) said Wednesday. The growth rate was 43.83 percentage points higher compared with that in July, the Tianjin...

Chinese steelmakers' profits plunge in July

Chinese large- and medium-sized steelmakers earned profits of 2.86 billion yuan in July, dropping 73.05 percent year-on-year, the Beijing Times reported Wednesday, citing data from the China Iron and Steel Association. The profits were 3.39 billion yuan, or 54.24 percent less ...

China's software industry Jan-July revenue up 29%

BEIJING - Revenues in China's software industry rose by 29 percent year-on-year to reach 723.1 billion yuan ($106 billion) in the first seven months of 2010, the Ministry of Industry and Information Technology (MIIT) announced Wednesday. The growth rate was 6.8 percentage points ...

China State Construction Engineering net profit up 94.8% in H1

BEIJING - China State Construction Engineering Corporation (CSCEC), one of China's leading construction firms, said Tuesday its first-half-year net profits rose 94.8 percent from a year earlier. Special Coverage:2010 Interim Results of Listed Companies Business revenues reached ...

China Railway Construction net profit up 52.1% in H1

BEIJING - China Railway Construction Corporation (CRCC), one of China's largest heavy construction firms, said Tuesday its first-half-year net profits rose 52.1 percent from one year earlier. Special Coverage:2010 Interim Results of Listed Companies Business revenues grew by 37...

China's Daqin Railway net profit up 63.79% in H1

BEIJING - Daqin Railway Co Ltd, operator of China's largest coal transport line, said Monday that its net profits rose by 63.79 percent for the first half of 2010 compared to one year earlier. Special Coverage:2010 Interim Results of Listed Companies During the first six months ...

China Railway Group net profit up 6.63% in H1

BEIJING - China Railway Group Ltd, one of China's leading heavy construction firms, said Monday its net profit in the first half of 2010 rose 6.63 percent year-on-year. Special Coverage:2010 Interim Results of Listed Companies During the first six months, China Railway signed new ...

China's mutual funds post huge book losses

BEIJING - China's securities-based mutual funds reported book losses totaling 439.75 billion yuan ($64.64 billion) in the first half, TX Investment Consulting Co Ltd, said Monday in a report. The losses were the second biggest for China's mutual funds industry in history after ...

Hainan Airlines H1 net profit more than triples

BEIJING - Hainan Airlines Co Ltd, one of China's major air carriers, said its first-half-year net profit jumped 218.19 percent on strong market demand and domestic economic growth. Special Coverage:2010 Interim Results of Listed Companies Earnings per share stood at 0.141 yuan, ...

China's listed banks H1 net profit up 46%

BEIJING - China's listed banks reported a 45.67-percent rise in combined net profits year-on-year during the first half. Combined net profits of the 16 listed banks reached 343.4 billion yuan ($50.5 billion), according to figures in their first-half business reports released by ...

CITIC Securities H1 net profit down 31.31%

BEIJING - CITIC Securities Co, China's largest listed brokerage, saw net profit down 31.31 percent in first half of this year from a year earlier on weak stock market performance and shrinking broking business. Net profit in the first six months of 2010 totaled 2.63 billion yuan ...

China funds reports 2nd biggest loss in H1

China's 661 mutual funds managed by 60 fund management firms registered a combined loss of 439.75 billion yuan ($65 billion) in the first half of the year, the Shanghai Securities News reported. It is the second biggest loss in history, following the first half of 2008. The loss ...

Sichuan Changhong H1 net profit up 35.24%

BEIJING - Sichuan Changhong Electric Co Ltd, one of China's leading home appliance makers, said its net profit grew by 35.24 percent for the first six months this year. Special Coverage: 2010 Interim Results of Listed Companies Revenues increased 40.18 percent year-on-year to 18...

Yili H1 net profit up 35.58%

BEIJING - China's Yili Industrial Group, one of the country's leading dairy producers, said its first-half-year net profit rose 35.58 percent due to improved quality control and supply chain management. Special Coverage:2010 Interim Results of Listed Companies Earnings per share ...

China's SPDB net profit climbs 33.92% in H1

BEIJING - Shanghai Pudong Development Bank (SPDB) said its first-half-year net profit rose 33.92 percent from one year earlier due largely to lending boom and increased commission fees. Special Coverage:2010 Interim Results of Listed Companies Its growth in profits stemmed from ...

China's Minmetals Development H1 net profit jumps 329%

BEIJING - China's Minmetals Development, a unit of China's leading non-ferrous metal producer, said its net profit for the first half this year jumped 329.31 percent. Special Coverage: 2010 Interim Results of Listed Companies Its first-half revenues grew by 105.74 percent year on ...

CNCEC net profit up 58.61% in H1

BEIJING - China National Chemical Engineering Co Ltd (CNCEC), one of the country's leading engineering, procurement and construction firms, said its net profit for the first six months of 2010 grew by 58.61 percent. Special Coverage:2010 Interim Results of Listed Companies CNCEC ...

China's ABC profit jumps 40% on business expansion

BEIJING - The Agricultural Bank of China (ABC), the country's largest rural lender, said Friday that its net profit in the first half year jumped 40.2 percent on the expansion of rural business. Net profits hit 45.86 billion yuan ($6.77 billion) in the first half year, according ...

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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