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Beiqi Foton H1 net profit jumps 153.2%

BEIJING - Beiqi Foton Motor, one of China's major truck makers, said Friday its net profit for the first half of this year was up 153.2 percent from the same period last year. Special Coverage:2010 Interim Results of Listed Companies The soaring profit was achieved on the back of ...

China's major fund managers cash in on high management fees

BEIJING - China's major fund managers reported high profits for the first half of this year despite investors' huge losses after buying their funds. China's 18 big fund companies posted net profits totaling 2.34 billion yuan ($344.41 million) in the January-June period, up 22 ...

China's industrial profit up 61.1% Jan-July

BEIJING - Profits of Chinese industrial enterprises in 24 regions climbed 61.1 percent year-on-year to 1.88 trillion yuan ($275.90 billion) in the first seven months, the National Bureau of Statistics (NBS) said Friday. The growth rate was 10.7 percentage points lower than that ...

Jan-July govt funds expenditure up 134%

BEIJING - China's government funds expenditure surged 134.3 percent year-on-year in the first seven months of 2010 as compensation for land purchases grew rapidly, a senior official said Thursday. From January to July, China's government funds expenditure hit 1.32 trillion yuan (...

China, ASEAN see robust trade in Jan-July

DANANG, Vietnam - Trade between China and the Association of Southeast Asian Nations (ASEAN) went up 49. 6 percent year-on-year in the first seven months to $161 billion, with ASEAN enjoying surplus of $7.54 billion, said Chinese Commerce Minister Chen Deming here on Thursday. ...

ICBC says first half profits up 27% on loan surge

BEIJING - Industrial and Commercial Bank of China (ICBC), the world's largest commercial lender by market value, Thursday reported first-half profits rose 27.3 percent year-on-year, boosted by increase of loans and fee revenues from financial services. Special Coverage:2010 ...

Air China H1 profit jumps 60%

BEIJING - Air China, the country's leading air carrier, said Thursday its first half profit jumped over 60 percent year-on-year due to booming demand for air travel and air freight. Special Coverage:2010 Interim Results of Listed Companies The Beijing-based carrier said revenues ...

FAW's H1 net profit surges 150%

FAW Ltd Co earned 1.3 billion yuan in net profits from soaring car sales in the first half of the year, according to its semi-annual report released Wednesday. The amount is a 150-percent increase over last year's figure. The report also showed that its earnings per share grew ...

PetroChina's H1 profit surges 29.4%

BEIJING - PetroChina Company Limited (PetroChina), China's largest oil and gas producer, said Thursday that its first half profit rose 29.4 percent year-on-year due to soaring crude oil prices and rising oil and gas output. Special Coverage:2010 Interim Results of Listed ...

Industrial Bank reports 41% profit rise

Industrial Bank Co said on Wednesday that its first-half profit rose 41 percent on demand for loans and fee-based services. Net income climbed to 8.76 billion yuan ($1.29 billion), or 1.65 yuan a share, from 6.22 billion yuan, or 1.17 yuan a year earlier, the Fuzhou-based company ...

Chinese tourists surge in New Zealand

WELLINGTON - More Chinese tourists came to New Zealand in August this year than in any other August on record, Statistics New Zealand said on Tuesday. Figures released by Statistics New Zealand showed visitor numbers rose from 4,600 in August last year to 9,700 this August, ...

Premiums up 33% in Jan-Aug

BEIJING - China's insurance regulator said Wednesday the country's insurance industry collected a combined 1.01 trillion yuan ($150 billion) in insurance premiums in the first eight months of 2010, up 33 percent year-on-year. The growth rate was 13 percentage points higher than ...

Turnover of China's e-commerce leaps in Q2

HANGZHOU - Total turnover of China's e-commerce jumped 10 percent in the second quarter from a year ago to 1.1 trillion yuan ($161 billion), according to a research result released Sunday. Sales of B2C (Business-to-Consumer) business, or online retail sales, nearly doubled from ...

China's SOEs post 46.7% profit growth in first 8 months

BEIJING - Profits of China's State-owned enterprises (SOEs) jumped 46.7 percent to 1.26 trillion yuan ($186.6 billion) from a year ago in the first eight months of this year, the Ministry of Finance said here Sunday. In August, combined profits of Chinese SOEs grew 6.8 percent ...

Business receipts of HK's service industries increase in Q2

HONG KONG - Business receipts in value terms of almost all the major service industries in Hong Kong showed increases of different magnitudes in the second quarter of 2010 when compared with the second quarter of 2009, according to the figures released Friday by Hong Kong's ...

China's e-commerce retail sales double in H1

HANGZHOU - E-commerce retail sales in China more than doubled from a year earlier to 211.8 billion yuan ($31 billion) in the first half this year, along with the rapid expansion of e-shopping amid the government drive to make the economy more consumer-dependent, an industry ...

China's August new lending expands to 545.2b yuan

August macro economy statistics BEIJING - China's new yuan-denominated lending in August rose to 545.2 billion yuan ($80.53 billion) from 532.8 billion in July, the People's Bank of China (PBOC), the central bank, said in a statement Saturday. The August figure brought new yuan...

China fixed-asset investment up 24.8% in first eight months

August macro economy statistics BEIJING - China's fixed assets investment reached 14.1 trillion yuan ($2.1 billion) in the first eight months this year, a year-on-year increase of 24.8 percent, according to a report released here by the National Bureau of Statistics Saturday. The ...

China's retail sales of consumer goods up 18.4% in August

August macro economy statistics BEIJING - China's retail sales of consumer goods in August hit 1.26 trillion yuan ($185.4 billion), up 18.4 percent year-on-year, the National Bureau of Statistics (NBS) said Saturday. The growth rate in August was 0.5 percentage points higher than ...

China's PPI up 4.3% in August

August macro economy statistics BEIJING - China's producer price index (PPI), a major measure of inflation at the wholesale level, rose 4.3 percent in August from a year earlier, the National Bureau of Statistics announced Saturday.

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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