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Shenzhen's role adjusted to spearhead reform

SHENZHEN - On the eve of its 30th birthday as China's first economic reform zone, Shenzhen received a lavish "coming out" gift from the central government. The State Council, China's Cabinet, Wednesday decreed the southern coastal city bordering Hong Kong is to become "a national ...

Not everyone pays 'fare' share on Shanghai subway

SHANGHAI - As many as 16 of every 10,000 subway passengers in the city sneak through without a ticket, a report released by Shanghai Metro said. With more than 6.7 million passengers commuting by subway daily in Shanghai, freeloaders have caused a considerable economic loss to ...

S African president: Ties with China to reach new heights

Address by President Zuma to the South Africa-China Business Forum on the Occasion of the State Visit to the People's Republic of China August 24, 2010 Honourable Ministers, Chairpersons of the South Africa-China Business Forum, Excellencies Ambassadors of South Africa and China, ...

Cinema industry booms on urbanites' growing incomes

BEIJING - Rising interest in the silver screen in China has encouraged major media companies to embark on a big drive to build more cinemas. The film industry boom has been fueled by the improved living standards enjoyed by many urban residents, with box office receipts in China ...

2nd China Overseas Investment Fair slated for Nov 2

BEIJING - Representatives of multinational companies, international organizations and financial institutions from more than 120 countries will gather at a trade fair in Beijing to persuade Chinese investors to go overseas. The Second China Overseas Investment Fair, approved by ...

Imports of zinc likely to decline

Singapore - Zinc imports by China, the world's largest consumer and producer, may drop from a 10-month high in August as higher overseas prices discourage purchases and as government measures to cool the property market curb demand. Imports of refined zinc were 32,972 metric tons ...

'Diversification' the new buzz word in industry

NINGBO, Zhejiang province - Diversification is the most quoted word in Ningbo these days. The bustling industrial town is abuzz with talk of finding prospective buyers and new products as companies struggle to stay ahead of peers in the fast-changing labor landscape. Foreign ...

China, Japan to discuss economy this weekend

BEIJING - China and Japan will promote sustained economic cooperation and strengthen their mutually beneficial strategic relationship at an economic forum this weekend, China's Ministry of Commerce announced Tuesday. The two countries will have their third high-level economic ...

China, Japan economic relations complementary

TOKYO - Japan-China economic relations can better be categorized as complementary rather than competitive, said Chi Hung Kwan, senior fellow of Nomura Institute of Capital markets Research in Tokyo Tuesday. Kwan said because Japan's strength in areas including the high-tech is ...

China, Canada forge strong tourism links

OTTAWA - The first visit of Chinese tourists under the Approved Destination Status (ADS) agreement helped open a "new chapter of friendship" between China and Canada, a Chinese official said Monday. "Our inaugural tour group experienced the warmth and friendship of our Canadian ...

NPC committee recommends new taxes in 5-yr plan

The budget committee of China's National People's Congress Standing Committee recommended adding new taxes in the next five-year plan in order to push forward restructuring of the nation's economic growth and readjusting citizens' income distribution, the 21st Century Business ...

Aluminum output likely to outpace demand this year

TOKYO - Global aluminum production may outpace demand this year by more than predicted because of expansion led by China, the biggest supplier and consumer, said Japan's third-largest trading house. The company increased its forecast because output in China "appears to be greater ...

EU starts probe into imported Chinese plastic bags

BRUSSELS - The European Commission has started a probe into imported Chinese plastic bags suspected of entering Europe via a Chinese company to avoid high anti-dumping tariffs. The commission, the executive arm of the European Union (EU), said in its official journal over the ...

Consumer inflation to be kept in check

BEIJING - China's consumer inflation will be kept well below the ceiling of 4 percent in 2011, despite new loans of about 7 trillion yuan ($1.06 trillion) which will impose still greater pressures on liquidity, according to a report released by the Institute of International ...

Officials keen for public's help in crackdown

The country's manufacturing quality watchdog has vowed to take seriously each valuable clue provided by the public in its pursuit of nationwide counterfeiters, a senior official said on Wednesday. Yan Fengmin, head of the law enforcement department with the General Administration ...

Chinese investment in US manufacturing rises

WASHINGTON - On a spotless factory floor, workers wearing hair nets snap together metal frames, cables, and photovoltaic cells to produce metallic-blue solar panels. This sort of work could be done just about anywhere, yet since October, China's Suntech Power Holdings Co has been ...

China braces for Lunar New Year travel season

BEIJING - The annual mass passenger transportation for the traditional Lunar New Year, will start on Jan 19, 2011, with an expected 2.85 billion journeys in 40 days after that date. The National Development and Reform Commission (NDRC) predicted on Wednesday that the journeys ...

China reaffirms tough export quality control

Beijing - China has confirmed its international commitment to guarantee the quality of its bulk exports, a senior official in the General Administration of Quality Supervision, Inspection and Quarantine said on Wednesday. Wang Xin, director of the administration's department for ...

Small yuan appreciation good for Chinese economy: central bank

BEIJING - A small and gradual appreciation of yuan will have a significantly more positive than negative impact on China's domestic economy, said a senior Chinese central bank official on Thursday. According to a Reuters' report, Sheng Songcheng, chief of the statistics ...

Rate reforms can tame inflation: China central bank

BEIJING - China should hasten the liberalization of its interest rate market to rein in accelerating inflation in the world's second-biggest economy, Reuters reported Wednesday, citing a senior Chinese central bank official. According to the report, Sheng Songcheng, the head of ...

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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