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China stock index futures close mixed -- Nov 11

BEIJING - China's stock index futures closed mixed Thursday with the contract for November, the most actively traded, down 0.42 percent from the previous trading day to end at 3,502 points. The December contract gained 0.22 percent to 3,573.4 points. The March 2011 contract ...

Chinese shares close mixed Nov 11 as CPI exceeds expectations

BEIJING - China's stocks were mixed at the close Thursday, after officials said the October CPI climbed to a 25-month high at 4.4 percent. The benchmark Shanghai Composite Index up 1.04 percent, or 32.39 points, to close at 3,147.74. The Shenzhen Component Index lost 0.15 percent...

SMEs 'need more help' to secure funding

BEIJING - The increasing financial needs of small and medium-sized enterprises (SMEs) in China mean that financial institutions must be more innovative to support their development, a survey showed. Of the 2,300 SMEs surveyed, only 59 percent raised money to support growth by ...

Smaller cities to be new battleground for luxury brands

SHANGHAI - Luxury goods sales in China are expected to rise 23 percent year-on-year in 2010, business consulting firm Bain & Company said on Tuesday. The world's leading adviser to the luxury industry attributed the strong growth mainly to continuous and aggressive expansion of ...

Netizens share hints on saving money

BEIJING - Du Zhenqi, an 80-year-old resident in Beijing's Chaoyang district, expressed his sympathy for the people who took away his towel gourds without permission. Every year Du plants towel gourds in the community yard for ornament. But this year, before they turned ripe, they ...

BOC to raise up to $9b in rights issue

Bank of China, the country's fourth-largest lender by assets, said on Friday it plans to raise up to 60 billion yuan ($9 billion) through a rights issue in Shanghai and Hong Kong to replenish capital, Reuters reported. Bank of China will sell one share for every 10 existing ...

Officials vow to boost graft fight

White paper's release details progress but corruption is 'still very serious' BEIJING - Authorities vowed greater efforts in fighting corruption while admitting that the problem is "still very serious" after releasing figures on Wednesday that showed a total of 113,000 officials ...

Vietnam, China vow to enhance trade, investment co-op

HANOI - Vietnam and China vowed here Monday to enhance trade and investment cooperation in the coming time.The commitment was made during talks between Vietnamese Minister of Industry and Trade Vu Huy Hoang and Chinese Minister of Commerce Chen Deming.At the meeting, Hoang and ...

The price of rice soars but farmers are still unhappy

Bad weather destroyed much of the crop in important growing region CHANGDE, Hunan province - Sizzling summer used to be the busiest period for Yang Jianzhong for earning money, but this July's unusually heavy rains left him with hardly a penny. The forty-something is among the ...

5.8 million affordable houses to be built

CHANGZHOU - Top authorities are calling for more favorable policies to encourage the construction of affordable housing to curb the speculation in the housing market. Vice-Premier Li Keqiang pledged that China would complete construction of 5.8 million units of affordable housing...

Consumer prices likely to peak in August: economist

BEIJING - China's consumer price index (CPI), one of the main gauges of inflation, will peak in August before starting to fall in the following months of the year, an economist said Sunday. "The CPI is likely to surpass 3.3 percent in August but that will be the highest level for ...

Macao to keep pegging pataca to HKD despite inflation pressure

MACAO - The government of Macao Special Administrative Region (SAR) deems it "undesirable" to change its existing exchange rate mechanism which has seen the pataca pegged to the Hong Kong dollar, the SAR's Monetary Authority said in a statement released on Friday.The Monetary ...

Sino-Russian trade back on fast track: officials

MOSCOW - Trade between China and Russia has returned to the fast track in 2010, as bilateral trade volume reached $30.7 billion from January to July, Russian and Chinese officials said here Friday.That represented a 49.6-percent increase year-on-year, the officials said at the ...

China's business climate more transparent than believed

BEIJING - Foreign firms can freely express their views on China's economic policies and investment environment, proving that the nation's business climate is more transparent and open than many westerners believe, John D. Watkins, chairman of the American Chamber of Commerce in ...

China to issue 20b yuan of book-entry discount T-bonds

BEIJING - China's Ministry of Finance (MOF) said Friday it will sell 20 billion yuan ($2.95 billion) of book-entry discount treasury bonds from Monday.The bonds will be sold at a discount and mature at face value. The issue price of the discount bonds will be 99.108 yuan and they ...

Challenges aside, govt assures good grain harvest

BEIJING - The Ministry of Agriculture said on Friday it is confident of a good harvest nationwide, despite torrential rains and drought that have hit some grain-growing areas hard this year. The area planted with autumn grains, including corns, which accounts for more than 70 ...

Foreign companies get boost

Latest directives 'alleviate worries' about Chinese business climate BEIJING - The State Council, the country's Cabinet, has said it will support companies listed in the Chinese mainland to rope in foreign strategic investors and broaden foreign companies' funding channels, amid ...

Australian banker optimistic about China's demand

BRISBANE - The Reserve Bank's deputy governor Ric Battellino said here on Friday that the Reserve Bank was optimistic that China's demand for Australia's commodities would make up for some of the deficiency in productivity growth, leaving Australia at least a couple of years of ...

Vegetable prices hike inflationary pressure

SHANGHAI - Rising vegetable prices in China are increasing inflationary pressure and reducing the likelihood the government will ease monetary policy in the near term, according to Deutsche Bank AG. China's State Council urged local governments to increase vegetable supplies to ...

Idle land contributes to soaring house prices

BEIJING - A total of almost 11,000 hectares of land, equal to 13,750 football fields, have been left idle across China while a land shortage is blamed for soaring housing prices, the country's top land watchdog said on Thursday. So far this year, the Ministry of Land and ...

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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