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HK gets tough on Chinese medicine

A sudden change to laws regulating the proprietary Chinese medicine (pCm) industry in Hong Kong could render nearly one-third of local pCm products illegal and turn unwitting users into criminals. Representatives of the pCm industry issued a joint call in Hong Kong on Thursday, ...

Customs crack down on secret smuggling method

As many as 8,000 smugglers carrying small numbers of products from Hong Kong and Macao go through Shenzhen and Zhuhai customs in South China's Guangdong province every day, according to the latest figures from the General Administration of Customs. Such smugglers, who are called ...

China denies ban on Australian lobsters

The General Administration of Customs says it has not implemented an import ban on Australian lobsters, according to a Dow Jones report. It follows claims from an Australian official that a ban on lobsters had forced down prices.

Aluminum industry suffers US backlash

As US authorities have targeted Chinesealuminum products with a preliminary raft of anti-dumping and anti-subsidy duties, industry producers are beginning to feel the squeeze. According to customs figures from Foshan, Guangdong Province, aluminum product exports have dropped from ...

Expert call for level play field in all parts

From December 1, 2010, foreign-funded companies will no longer be exempt from municipal maintenance and construction taxes. It marks the end of a preferential treatment period for foreign companies in the country. More taxes to pay for foreign companies operating in China. The ...

China's growing diamond market catches more international eyes

China's import volume of polished diamonds is now the world's second largest, according to the report from the People's Daily Online Wednesday, citing information from the China Diamond Conference in Shanghai. From January to September, 2010, the volume of US, Chinesemainland and ...

Samsung, LG approved for $6b China LCD plants

Samsung Electronics and LG Display said on Dec 2 they have received official approval from China to build $6 billion worth of flat screen plants in the fast growing TV market. Asian makers of liquid crystal display (LCD) screens are rushing to set up production bases in China, ...

China's Gree may build air-conditioner factory in US

Gree Electric Appliances Inc, China's largest air-conditioner maker, may build a US plant to raise its international profile and compete against local peers, Bloomberg reported on Dec 2. Gree currently makes its products in China, Brazil, Pakistan and Vietnam. It's conducting ...

China may invest $8b for SCO development bank

China may contribute $8 billion to establish Shanghai Cooperation Organization (SCO) Development Bank, the 21st Century Business Herald reported Thursday. The proposed fund to establish the bank could be as large as $10 billion. China would be the main investor, and the remainder ...

Dutch giant opens China's 1st foreign-owned consumption financing service

Home Credit Consumer Finance Co., Ltd., China's first wholly foreign-owned consumption finance enterprise approved by the China Banking Regulatory Commission, was established in the Tianjin Economic and Technological Development Zone on Dec. 1. This corporation is exclusively ...

Argentina, China reach historic deals

Argentina and China inked five farm-product agreements during a visit to Beijing by Agriculture Minister Julian Dominguez to boost trade, officials reported Tuesday. "It's a historic moment," undersecretary for livestock Alejandro Lotti said of the deals that cover meat, barley, ...

Impact of new tax policy on foreign firms is limited

The new tax to be imposed on international firms based in China goes into effect today, Xinhua News Agency reported, but analysts said the effect on foreign investors is limited. And they add that foreign companies should adapt to the new investment conditions in China and regard ...

Ericsson may involved in China Mobile bribery case

Some developments now on the high-profile bribery case at China Mobile's Sichuan branch. A senior official at the mobile service provider is being investigated for taking bribes for equipment purchases. Now it looks like the world's largest telecom company, Ericsson, may be ...

Over 8,000 smugglers shuttle Shenzhen and Gongbei customs

More than 8,000 smugglers commute in-between the customs in Shenzhen and Gongbei of Guangdong Province and Hong Kong and Macao Xinhua reported Wednesday, citing an official from the General Administration of Customs of China (GACC). GACC launched a campaign against smuggling in ...

Soy oil imports reinstated

China has reopened its $2-billion market to Argentinian soy oil, after the world's second-largest economy resumed imports from the South American country in October, Julian Dominguez, Argentina's minister of agriculture, livestock and fisheries, said on Wednesday. "Shipments of ...

China won't lift chemical duties on US, EU, and ROK

China will continue to impose anti-dumping duties on chloroform imported from the European Union (EU), the Republic of Korea and the United States, following a one-year investigation into the possibility of further dumping, the Ministry of Commerce said on Wednesday. The tax rate ...

Fertilizer export levy imposed

China, which started a 110 percent tariff on some fertilizer exports on Wednesday, will extend the high-season portion of its export duties next year to control food prices and secure domestic fertilizer supplies, said an official from the China Chemical Mining Association (CCMA)...

US economist: Americans wrongly blame Chinese for jobs lost

Stephen Roach, former chairman of Morgan Stanley Asia, said that it is a big misunderstanding for Americans to blame Chinese for the job losses in the United States. He noted that even if China were to raise its currency yuan by 25 percent immediately, it would not save the U.S. ...

China's State Grid buys $1b Brazil power assets

State Grid Corp of China said it has taken over seven Brazilian power transmission companies with investments totaling nearly $1 billion, Reuters reported on Tuesday The move marks the grid operator's second major overseas foray after buying Philippine transmission assets last ...

China-EU trade "balanced," "healthy": commerce minister

Chinese Minister of Commerce Chen Deming said Tuesday that trade between China and the European Union (EU) is balanced and healthy. Chen told a news briefing for the third High-Level Economic and Trade Dialogue (HED) that the China-EU economic and trade relationship had recovered ...
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Latest World News

china

Xi Jinping to lead national security commission
Xi Jinping to lead national security commission
The Political Bureau of the CPC Central Committee has decided that ...
China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...

world

market

Xinhua Insight: Emerging economies able to secure steady growth
Xinhua Insight: Emerging economies able to secure steady growth
DAVOS, Switzerland, Jan. 25 (Xinhua) -- Emerging economies are ...
China cuts retail oil prices
China cuts retail oil prices
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IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...

finance

company

Shell companies struggle to stay listed
Shell companies struggle to stay listed
China is planning to clamp down on back door listings. A back door ...
HK Disneyland Gets Toy Story Land
HK Disneyland Gets Toy Story Land
A general view of Toy Story Land at Hong Kong Disneyland is taken ...
Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...

industry

sports

Ghana qualifies for FIFA U-20 women's World Cup
Ghana qualifies for FIFA U-20 women's World Cup
Ghana qualified for the 2014 FIFA U-20 women's World Cup following a 4...
Stars 'Big Three' fall short of title in 1st year
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Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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 ...
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