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China cracks down on pirated videos of New Year blockbusters

BEIJING - The Chinese government has ordered a crackdown on pirated videos of two Chinese New Year blockbusters "Let the Bullets Fly" and "If You Are the One II." The two Chinese movies are both big hits of the New Year movie season. "Let the Bullets Fly" has raked in over 400 ...

Govt reveals new-year pledge on housing prices

BEIJING - China's central government will strengthen its campaign to control soaring housing prices in 2011, a senior official said on Wednesday. Minister of Housing and Urban-Rural Development Jiang Weixin told a national work conference that the government will increase the ...

Russia welcomes direct investment from China

MOSCOW - Russia welcomes direct investment from China in an effort to expand bilateral cooperation on trade and finance, a Russian official said Friday. Vladimir Milovidov, head of the Federal Financial Markets Service said at a meeting with Li Hui, the Chinese ambassador to ...

China on way to become capital-intensive economy: US expert

LOS ANGELES - China is being transformed from a labor-intensive economy to a capital-intensive one, which would benefit the country and the rest of the world, a US expert said. "It's actually a process that is underway right now," Bernard Baumohl, chief global economist at the ...

Let the offers fly from US film studios

BEIJING - Hollywood wants to buy the remake rights for a Chinese mainland blockbuster, with offers exceeding $10 million, the producer of Let the Bullets Fly, said. Ma Ke, who produced director Jiang Wen's latest work, told China Daily that three Hollywood studios had approached ...

Ministry issues new blacklist of developers over idle land

Beijing - China's land use watchdog released on Thursday a blacklist of 26 cases of land left idle by property developers to curb hoarding and speculation. Eight of the 26 cases were in Hubei province. Beijing and Shanghai had five cases each, while Jiangsu, Fujian and Hunan ...

Stricter dairy import regulations drafted

Beijing - Domestic buyers will be responsible for recalling unsafe dairy products imported from overseas and for making the recall information public, a draft regulation has proposed. The regulation, proposed by the General Administration of Quality Supervision, Inspection and ...

President vows efforts to help low-income people

BEIJING - Governments at all levels should invest more money and supply more land to housing projects to provide more affordable homes for low-income people, President Hu Jintao said on Wednesday. Hu made the remarks while visiting low-income families in Beijing ahead of the New ...

China may buy debt of Hungary

BUDAPEST, Hungary - China may buy Hungarian government debt, Development Minister Tamas Fellegi said, as the central European nation works to wean itself off emergency loans from the International Monetary Fund (IMF). China proposed buying the debt when the prime ministers of the ...

China pours 16b yuan into rural radio, TV services from 2006 to 2010

BEIJING - China's central and local governments poured some 16 billion yuan ($2.4 billion), from 2006 to 2010, into building basic radio and TV networks that now cover "every village." "In our vast country, many people in remote rural areas still cannot enjoy radio, television ...

China to guarantee subsistence for low-income groups

BEIJING - China's Ministry of Civil Affairs (MCA) has ordered measures to offset the impact of inflation on "people with difficulties" to ensure their ability to subsist, especially during the New Year and the Spring Festival. Rising food costs alongside other factors have been ...

57 million jobs created in China over 2006-2010 period: MHRSS

BEIJING - A total of 57 million jobs will have been created in China's urban areas over the 2006-2010 period, the Minister of Human Resources and Social Security (MHRSS) Yin Weimin said Thursday. Annual employment for the period will be 11.4 million, or 2.1 million more than ...

SOEs ordered to pay more dividends

China ordered most companies owned by the central government to pay five percent more in dividends to the State from next year as the nation seeks to boost funding of social programs such as for healthcare and education, Bloomberg News reported Thursday. Government companies in ...

Hong Kong stocks close 0.08% higher - Nov 2

HONG KONG - Hong Kong stocks closed up 18.48 points, or 0.08 percent, at 23,671.42 on Tuesday. Turnover fell to HK$76.21 billion from Monday's HK$91.05 billion ($1 equals HK$7.752).

China's stocks edge lower - Nov 2

BEIJING - China's stocks fell 0.28 percent Tuesday, with the benchmark Shanghai Composite Index down 0.28 percent, or 8.59 points, to close at 3,045.43. The Shenzhen Component Index dropped 0.71 percent, or 97.31 points, to finish at 13,646.46. Combined turnover surged rose to ...

China stock index futures close lower - Nov 2

BEIJING - China's stock index futures closed lower Tuesday with the contract for November, the most actively traded, down 1.67 percent from the previous trading day to end at 3,502.6 points. The December contract shed 1.54 percent to 3,553.4 points. The March 2011 contract ...

ChiNext Index closes down - Nov 2

BEIJING - The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, declined 32.37 points, or 2.92 percent, to close at 1,075.15 on Tuesday. The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board ...

China's stocks up more than 2% on strong PMI

BEIJING - China's stocks rose more than 2 percent Monday buoyed by solid manufacturing data. The benchmark Shanghai Composite Index was up 2.52 percent, or 75.19 points, to close at 3,054.02. The Shenzhen Component Index rose 2.82 percent, or 376.53 points, to finish at 13,743.77...

China cuts discount to mortgage rates - media

BEIJING - Beijing has taken a fresh step to discourage property buying by ordering banks to charge higher mortgage interest rates for first home buyers, local media reported over the weekend. Lenders were told by China's banking regulator that they can offer at most 15 percent, ...

China, Russia agree to cooperate on tourism safety insurance

MOSCOW - China Life Insurance Co, Russia's Rosstrakh Insurance Company and travel association "World Without Borders" inked a deal in Moscow Friday on setting up a cooperative mechanism of travel safety insurance between China and Russia. The agreement allows insurance companies ...

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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