world

China will continue stimulus programs to boost domestic consumption this year, according to the Ministry of Commerce (MOFCOM), but the actual growth of consumption may not be as obvious as last year's due to soaring prices this year. Total retail sales amounted to 12.5 trillion ...
Shanghai Jahwa United Co., Ltd, a leading producer of cosmetics and personal care products, Thursday said its net profit rose 26.07 percent to 233 million yuan (34.11 million U.S. dollars) in 2009 from the previous year. Business revenue expanded 8.17 percent year on year to 2.70 ...
Goodman Group, the world's third largest logistics facilities operator, said it expects to increase its investments in China 500 percent within five years, backed by further support from cornerstone investor China Investment Corp (CIC). CIC invested A$500 million (3.13 billion ...
Chinese bankcard holders' consumer confidence in February was up year on year, according to an index issued jointly by China UnionPay and Xinhua News Agency on Tuesday. The Bankcard Consumer Confidence Index (BCCI) stood at 86.63 in February, 1.07 points higher from the same ...
China's leading liquor producer Kweichow Moutai reported an output of 23,000 tons of base liquor in 2009 thanks to its efforts to boost production, Lin Shusen, governor of Guizhou Province, where the company is located, said Tuesday. The Shanghai Stock Exchange-listed company has ...
Unfair competition was the main reason for the decline of domestic companies in the retail market, said Zhang Jindong, Suning Appliance Group's board chairman, as he called on local governments to remove privileges that are given to foreign retailers to attract overseas ...
Chinese consumers unnerved by escalating industrial closures in the West are becoming increasingly cautious about spending money, according to one leading foreign multinational company. The fears of a consumer slowdown were expressed as the National People's Congress (NPC) and ...
Elong Inc, the online travel service provider, said revenue gained 18 percent in the fourth quarter last year to 106.9 million yuan (US$15.7 million) as travel spending recovered after the financial crisis. Its net profit was 1 million yuan compared to a net loss of 8.2 million ...
Leading luxury hotel companies remain bullish on their prospects in China as they continue to expand their presence in the world's fastest growing economy. The Ritz Carlton Hotel Company, which operates more than 70 hotels across the globe, announced on Tuesday that it will open ...
The 100 key retailing enterprises in China clinched 34.56 billion yuan (5.06 billion U.S. dollars) worth of sales in January, down 7.11 percent year-on-year, according to statistics released Wednesday. In a statement posted on the website of Ministry of Industry and Information ...
Four high-ranking executives of Taizinai, a leading Chinese fermented yoghurt producer, have been arrested for illegal fund raising, police in central China's Hunan province said Tuesday. Beginning in February 2008, Taizinai raised more than 137 million yuan ($21 million) in a ...
Shanghai Pharmaceutical Holding Co Ltd, China's second-largest drug company by revenue, said on Tuesday that it plans to acquire a 55.45 percent stake in China Health System Ltd, as part of its efforts to tap into the country's northern market. The price of the deal, which has ...
China will lower retail price caps on 17 kinds of medicines by an average 19 percent from Dec. 12, China's top economic planner and price regulator said Tuesday. The 17 kinds of drugs include antibiotics and medicines for cardio-cerebral vascular diseases, the National Developmen...
China's cashmere exports may decline next year due to higher prices caused by an upsurge in raw material purchases because of domestic inflation and limited supply. "We have already seen the increase in orders from foreign countries slow down when discussing exports with overseas ...
Beijing's auction industry is enjoying a record-breaking year and things look set to get even better with major auction houses announcing plans for more high-profile sales. China Guardian Auction, the country's largest auction house, announced after its latest four-day auction in ...
Walking along the southern ring road of Tianjin's Dagang district and looking south, you will see a beautiful scene, where, as a famous poem states, "reeds dance with willows in a green background, and blue waters stretch for tens of miles" - this is Dagang Wetland Park, ...
As many a seasoned traveler would attest, a city's best food is not always haute cuisine served up in ritzy restaurants, but rather humble but delicious fare from corner stalls. Cai Xinmin, a 58-year-old left lame by polio as a child, runs a small wonton and noodle eatery out of ...
Demand for platinum jewelry in China is expected to tumble 21 percent this year as rising prices eat into retail buying, an industry report said yesterday. The demand is expected to fall to 51.3 tons this year, Britain's Johnson Matthey, a chemical company, said yesterday in ...
Luxury brand Montblanc expects to open more stores next year in China, especially in second and third-tier cities, to tap into rising demand for higher-priced, fine products among Chinese consumers. "China will continue to keep its number one position in Montblanc's global market...
Gome Electrical Appliances Holding Ltd, the China retailer seeking to end a dispute with its jailed founder over management control, said profit in the first nine months of the year surged 49 percent. Net income rose to 1.44 billion yuan ($217 million) in the year through Sept 30 ...
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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 ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...
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 ...
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 ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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 ...
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 ...