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China revises Q3 capital account surplus up to $15.2b

BEIJING - China revised its third-quarter capital and financial account surplus to $15.2 billion, up from the previous $5.7 billion, according to the foreign exchange regulator. The revised capital account surplus showed a decline of 65 percent from the same period one year ...

80% of 758 listed companies see profit growth

As of Monday, 758 companies listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange released their performance predictions for the year 2010, and 607 companies reported positive predictions, China Business News reported Tuesday. According to statistics provided by Wind ...

China's central SOEs' profits to hit 1t yuan

BEIJING - Profits of China's centrally-administered State-owned enterprises (SOEs) will hit 1 trillion yuan ($150.94 billion) this year, a government official said Tuesday. Economic value added (EVA) of central SOEs will exceed 300 billion yuan this year, said Huang Shuhe, vice ...

Major Chinese enterprises' profits up 49.4% in first 11 months

BEIJING - The profits of major Chinese industrial enterprises in the first 11 months of the year grew 49.4 percent year-on-year to 3.88 trillion yuan ($588.2 billion), the National Bureau of Statistics (NBS) said Monday. The enterprises' core business revenue rose 31.8 percent ...

Trade up between S China's Guangxi and ASEAN

NANNING - Trade increased rapidly between China's Guangxi Zhuang autonomous region and ASEAN member states over the past 11 months, the local customs house reported Sunday. China and ASEAN members form the world's largest trade zone which came into being Jan 1 this year. Guangxi, ...

China's industrial output expected to rise 15% in 2010

BEIJING - China's industrial value-added output is expected to expand 15 percent year-on-year in 2010, according to the Ministry of Industry and Information Technology (MIIT), Saturday. The information came from a national meeting on industrial and information work held in ...

China's 2006-2010 ODI totaled $216.6b: MOC

BEIJING - China's outbound overseas direct investment (ODI) to non-financial sectors totaled $216.6 billion in the 2006-2010 period, exceeding the government's target 3.6 times, the Minister of Commerce (MOC) Chen Deming said Friday. The annual growth rate was 38.8 percent during ...

Nets of China's central SOEs up 50.1% in Jan-Nov

BEIJING - China's centrally-administered State-owned enterprises (SOEs) posted a 50.1 percent year-on-year rise in combined net profits in the first 11 months, a government official said Thursday. Net profit of the central SOEs totaled 802.26 billion yuan ($120.73 billion) in the ...

China's aquatic products output to rise 4.6%

BEIJING - China's aquatic products output will rise 4.6 percent year-on-year to 53.5 million tons this year, a Ministry of Agriculture (MOA) official said Thursday. Despite an unfavorable global economic environment and China being hit by several natural disasters this year, the ...

China's 2010 grain output expected to rise despite floods, drought

BEIJING - Despite floods and drought, China's grain production this year is expected to rise to 546.4 billion kilograms, up 15.6 billion kilograms from last year, said Minister of Agriculture Han Changbin on Wednesday. The country's grain production will increase for the seventh ...

China's fishermen see net income rise 9.76% in 2010

BEIJING - Chinese fishermen's per capita income rose 9.76 percent year-on-year in 2010 to 8,963 yuan ($1,349), a Ministry of Agriculture (MOA) official said Thursday. From 2006 to 2010, Chinese fishermen saw their net income rise 8.8 percent annually, and fishing had become a ...

China electricity consumption to almost double by 2020

BEIJING - The China Electricity Council (CEC) projected Tuesday the country's electricity consumption will almost double from the 2010 level to 8.2 trillion kWh by 2020. In a report on the electricity industry's development in the 12th Five-year Program period (2011-2015), the ...

China's Nov oil consumption jumps 15.2% as winter comes

BEIJING - China consumed more oil in November compared with the same period last year as temperatures dropped, China's top economic planner, the National Development and Reform Commission (NDRC), said Tuesday. China's November apparent oil consumption -- domestic production plus ...

China's lottery sales for Nov up 37%

BEIJING - China's lottery sales for November rose 36.9 percent year-on-year to 16.02 billion yuan ($2.4 billion), the Ministry of Finance (MOF) announced Monday. The November figure took sales of lottery tickets in the first 11 months of the year to 149.06 billion yuan, a year-on...

Profits of China's SOEs up 43% in Jan-Nov

BEIJING - Profits of China's State-owned enterprises (SOEs) in the first 11 months hit 1.81 trillion yuan ($271.92 billion), up 43.1 percent year-on-year, figures released Friday by the Ministry of Finance (MOF) show. But profits in November were down 2.6 percent compared to the ...

HK's exports up 8.9% in October

HONG KONG - Hong Kong's total exports of goods increased by 8.9 percent from a year earlier in October, said the Census and Statistics Department of the Hong Kong government on Thursday. In October 2010, the volume of Hong Kong's re-exports of goods increased by 9.0 percent over ...

China's foreign trade to top $2.9t this year: minister

BEIJING - China's foreign trade is expected to exceed $2.9 trillion this year, and the country expects its trade and international payments to be more balanced over the next five years, Minister of Commerce Chen Deming said Thursday. In an interview with Xinhua, Chen said it is ...

HK's unemployment rate up 4.1% in Sept-Nov

HONG KONG - Hong Kong's seasonally adjusted unemployment rate decreased from 4.2 percent in August-October period to 4.1 percent in September-November, according to the latest statistics released Thursday by the Census and Statistics Department of the Hong Kong government. ...

China's wage growth overestimated: Experts

BEIJING - The country's 2008 and 2009 wage growth may have been overestimated, a senior economist with the International Labor Office (ILO) said on Wednesday. China has surpassed many countries in wage increases since the financial crisis caused some countries to experience ...

China's Nov power consumption climbs 5.36%

BEIJING - China's power consumption in November stood at 346 billion kilowatt-hours (kWh), up 5.36 percent year-on-year, according to a statement released Thursday by the National Energy Administration (NEA). This brought the country's total power consumption in the first 11 ...

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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