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China's Jan-Aug industrial profit up 55%

BEIJING - Industrial profit in China rose 55 percent in the first eight months of 2010, compared with the same period of last year, the National Bureau of Statistics said on Monday.

Nearly 36m rural residents live under China's poverty line

BEIJING - Nearly 36 million rural residents, or 3.8 percent of China's rural population, lived under the poverty line by the end of 2009, according to a white paper issued by the Information Office of the State Council Sunday. Nationally, there were 40.07 million Chinese living ...

China's lottery sales rise 23% in Jan-Aug

BEIJING - Sales of lottery tickets in China reached 104.09 billion yuan ($15.54 billion) during the first eight months of the year, up 23 percent from one year earlier, the Ministry of Finance said Saturday. Further, sales of welfare lotteries in the first eight months rose 25.5 ...

China's software industry posts 30% revenue rise in Jan-Aug

BEIJING - China's software industry posted revenues of 828.6 billion yuan ($123.67 billion) in the first eight months of 2010, up 29.8 percent from one year earlier, the Ministry of Industry and Information Technology said Saturday. The growth rate was 8.8 percentage points ...

Beijing airport sees record passengers during holiday

BEIJING - Passenger numbers through Beijing Capital International Airport (BCIA) hit a record 814,500 during China's three-day Mid-Autumn Festival holiday, which ended Friday. The airport's passenger traffic hit a daily high of 243,400 on Tuesday, the eve of the Mid-Autumn ...

Geely says net profit up 35% in H1

HONG KONG - China's leading auto maker Geely announced Wednesday that the company earned 805 million yuan (about $118 million) in the first half of 2010 for its shareholders, up 35 percent year-on-year. Special Coverage:2010 Interim Results of Listed Companies With 195,734 units ...

China's electricity consumption up in July

BEIJING - China's electric power consumption in July reached 389.6 billion kilowatt-hours (kWh), up 13.94 percent year-on-year, the National Energy Administration (NEA) announced Saturday.The amount was 10.68 percent more than that in June, a statement on the NEA website said. ...

ABB's Hogan eyes green revolution

SHANGHAI - As the key member of International Business Leaders' Advisory Council for the Mayor of Shanghai, Joseph Hogan needs to have a deep understanding of both the Chinese market and Shanghai city. Well, he certainly does know how to do business in China and has a clear ...

Sinopec northwest field crude output up 6% in 2010

BEIJING - China Petroleum and Chemical Corp (Sinopec) produced a record 7 million tons or 140,000 barrels per day of crude oil in its northwest oilfield last year, 6.1 percent more than in 2009. Natural gas production totaled 1.45 billion cubic metres, up 11.5 percent from 2009, ...

Chinese farm produce prices rise on holiday demand

BEIJING -- The prices of Chinese farm produce edged higher last week, boosted by New Year holiday demand, the Ministry of Commerce said Wednesday. Low temperatures and freezing rain in some parts of China also pushed up prices, the ministry said in a statement posted on its ...

China's 2010 forestry output value exceeds 2t yuan

BEIJING - China's output value of forestry rose 27 percent last year to more than 2 trillion yuan ($302 billion), a senior forestry official said Wednesday.China produced the most rosin, fabricated boards, bamboo and rattan wood furniture, and timber floor products of any country ...

Dec PMI for non-manufacturing sector rises to 56.5%

BEIJING - The Purchasing Managers' Index (PMI) for China's non-manufacturing sector was back to growth in December last year after declining for two months, the China Federation of Logistics and Purchasing (CFLP) said Monday.The December PMI for non-manufacturing sector rises to ...

Chinese manufacturers increase trade figures, but multinationals enjoy most margins

SUZHOU, Jiangsu - Even though the factory he works for produces 2 million computers for various global brands each month, Jin Zhiqiang does not intend to buy a computer assembled by himself for a simple reason.To Jin, a migrant worker from east China's Anhui province, having a ...

Obsolete way of measuring trade inflates China's trade surplus

BEIJING - Measuring global trade in line with the principle of "the country of origin" fails to reflect the complexities of global commerce where the design, manufacturing and assembly of products involves several countries, experts said."It is not always true that goods exported ...

China's PMI of manufacturing sector drops to 53.9% in Dec

BEIJING - The Purchasing Managers Index (PMI) of China's manufacturing sector dropped to 53.9 percent in December, down 1.3 percentage points from November, the China Federation of Logistics and Purchasing said Saturday.

China non-ferrous metals trade up 46.5% in first 11 months

BEIJING - China's non-ferrous metals imports and exports rose 46.5 percent year-on-year to $108.48 billion in the first 11 months of the year, the Ministry of Industry and Information Technology (MIIT) said Thursday. Imports grew 40.6 percent year-on-year to $83.15 billion while ...

HSBC China PMI eases in Dec as factory output stays strong

BEIJING - HSBC's China Purchasing Managers' Index (PMI) fell to a three-month low in December as output and new orders both eased, but the country's vast manufacturing sector continued to expand strongly towards the year-end, Reuters reported Thursday. The index, which is ...

China has 450 million netizens: official

BEIJING - The total number of netizens in China reached 450 million at the end of November, up 20.3 percent year-on-year, said Wang Chen, head of China's State Council Information Office Thursday. China has seen a rapid expansion of Internet popularity since 1994 when it was ...

Chinese software industry revenue in Nov surges 30.7%

BEIJING - China's software industry revenue rose 30.7 percent year-on-year to 117.8 billion yuan ($17.78 billion) in November, the Ministry of Industry and Information Technology (MIIT) said Wednesday. The November figure took the software industry's revenue in the first 11 ...

China-Vietnam trade up 42.4% in first 10 months: official

BEIJING - Trade volume between China and Vietnam in the first 10 months climbed 42.4 percent from a year earlier to $23.12 billion, a Chinese official said Tuesday. Zhu Hongren, chief engineer of China's Ministry of Industry and Information Technology (MIIT), said at a China...

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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