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Lunch with Warren Buffett sets new record

This is the 12th year Warren Buffett has volunteered to have lunch with the highest bidder of an online auction. [Photo/to China Daily] Winner's name withheld, but some suggest top bid came from China NEW YORK / BEIJING - The winning bidder's willingness to set a record for lunch ...

Global private-sector growth accelerates

A worker at a private photoelectrics company in Ningbo, Zhejiang province. China's private economy has become a mainstay of the national economy. [Photo / China Daily] LONDON - The world's private-sector economy expanded at a slightly faster pace in May, with companies in the ...

Fight is on to keep up with electricity needs

A power station in Huaibei, Anhui province. Many provinces, including Jiangsu and Zhejiang in southern China, have suffered from power shortages since early April. [China Daily] China will accelerate the construction of coal-fired power stations to deliver electricity to areas ...

China's new loans shrink in May, growth of money supply slows

Photo taken on June 13, 2011 shows a bank staff member piles up RMB in Yancheng County of Linyi City, east China's Shandong Province. The People's Bank of China said on Monday that new bank lending, an important indicator of the monetary policy, tumbled to 551.6 billion yuan (84...

A latter-day tale of three Chinese cities

Tourists shopping for handicraft products in Wuyi, Zhejiang province. China's booming private economy features entrepreneurial spirit as well as regional divergence. [China Daily] In contrast with boomtowns such as restless Wenzhou and flashy Yiwu in prosperous Zhejiang province, ...

China Rain adds to watermelon growers' sales woes

A watermelon grower attends to his crop while waiting for wholesalers at a market for agricultural products in Suyu township of Nanning city, South China's Guangxi Zhuang autonomous region, June 13, 2011. Persistent rainfall in the area has gravely affected the growth of this ...

Pandas safe after days of torrential rain

A panda plays after days of heavy rain at an ecological park for giant pandas in Xiuning county, East China’s Anhui province, June 13, 2011. [Photo/Asianewsphoto] A panda sticks his tongue out while climbing a tree at an ecological park in Xiuning, Anhui province, June 13, 2011. ...

Eagle owls released back into wild

Students and teachers from Northeast Forestry University release an eagle owl, China’s largest owl, at a wildlife rescue and rehabilitation center in Qinhuangdao, North China’s Hebei province, June 9, 2011. A class II national protected species, six eagle owls were released back ...

Rainstorm to hit China's drought-hit regions

China's top meteorological authority has warned that rainstorms will hit regions along the middle and lower reaches of the Yangtze River, an area that has been plagued in recent times by a severe drought. National Meteorological Center says Yunnan, Guangxi and Guizhou in ...

Safety worries stall selling of human breast milk

SHANGHAI - Amid growing concern about food safety problems across the country, customers are most concerned about dairy products, leading to a "black market" in human breast milk. While some mothers have turned to imported formulas to feed their babies, others are selling their ...

Vice-President Xi signs 9 agreements in Chile

Chilean President Sebastian Pinera shakes hands with Chinese Vice-President Xi Jinping during a meeting at the La Moneda Palace in Santiago on June 9, 2011. [Photo/Agencies] Two countries vow for international cooperation on trade, politics SANTIAGO, Chile - Chinese and Chilean ...

Bank to offer more fund to to SMEs

Ma Weihua, president and CEO of China Merchants Bank Co Ltd TIANJIN - While small and medium-sized enterprises (SMEs) are experiencing difficulty borrowing money from commercial banks, China Merchants Bank Co Ltd is cooperating with private-equity (PE) companies to help alleviate ...

CITIC Securities buys stake in brokerages

The sales department of Citic Securities at Beijing's Ping'an Avenue. The broker will take a 19.9 percent stake in Credit Agricole SA's CLSA and Cheuvreux brokerage brands. [Photo/China Daily] HONG KONG/PARIS - China's largest listed brokerage Citic Securities Co Ltd will pay ...

Financial industry must develop

Bank logos along Beijing's Financial Street. The assets of foreign banks only account for about 2 percent of the total market share of China's banking industry. [Photo/China Daily] Former deputy minister pushes for higher level of overseas investment TIANJIN - China needs to ...

Copper imports may increase 25%

High copper prices will persist for many years, said Diego Hernandez, chief executive officer of Codelco. [Photo / China Daily] NEW YORK - Chinese copper imports in June may jump 25 percent compared with April as consumption and investment demand rise, said Jesse Jiang, the ...

Fears over hot money from QFLP aired

Skyscrapers in the Lujiazui financial district in Shanghai, the fist city to release a qualified foreign limited partner policy. [Photo/Agencies] BEIJING - Concerns about the inflow of so-called hot money are being raised about Shanghai's pilot scheme allowing qualified foreign ...

Electric vehicle batteries 'must improve'

BYD Auto Co Ltd's F3DM plug-in hybrid compact sedan on display at the 2011 Shanghai Auto Show. According to Zhen Zijian, deputy director of the office for electric vehicles at the Ministry of Science and Technology, 2015 might be the turning point for electric vehicles in China ...

Schneider buys clean tech company for $650m

A Schneider Electric SA production facility in Tianjin. The company estimated that energy efficiency would represent an incremental market opportunity of $45 billion annually by 2020, with a large portion coming from emerging economies such as China. [Photo / China Daily] PARIS / ...

Solar power to become cheaper

A photovoltaic panel production line in Jiangsu province. China had solar projects totaling 300 megawatts, at the end of 2010, after starting two pilot projects in the past two years. [Photo / China Daily] 20% price drop expected in five years as use of energy source rises ...

Electric vehicle batteries 'must improve'

BYD Auto Co Ltd's F3DM plug-in hybrid compact sedan on display at the 2011 Shanghai Auto Show. According to Zhen Zijian, deputy director of the office for electric vehicles at the Ministry of Science and Technology, 2015 might be the turning point for electric vehicles in China ...
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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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