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China to grow 10-11% this year: economist

China's economy will enjoy a strong, stable second half, putting it on course for full-year growth of about 10-11 percent, a leading government economist said in comments published on Monday. The forecast by Zhang Yutai, head of the Development Research Center, a think-tank under ...

Exports of TCM reaches $1.46b: official

BEIJING - Exports of traditional Chinese medicine (TCM) in the global market were valued at $1.46 billion, Wang Guoqiang, director of the State Administration of TCM, said Saturday. Wang, also vice minister of the health ministry, said the number of countries and regions which ...

MOF offers $73m to help mudslide victims in NW China

BEIJING - China's Ministry of Finance (MOF) announced Sunday that it had allocated 500 million yuan ($73 million) in emergency aid to fund rescue efforts following devastating mudslides in Northwest China. The money will support the relocation and relief efforts for landslide ...

China to urbanize rapidly for 'some time yet': official

HAIKOU: China would continue its policy of rapid urbanization for "some time yet," as it was crucial for economic restructuring as well as stable and relatively fast economic growth, a government official said Saturday. Peng Sen, deputy director of the National Development and ...

China orders 2,000 firms to shut overcapacity by end-Sept

China has ordered more than 2,000 companies in 18 industries including cement, coking, iron, paper and dyeing to shut outdated manufacturing capacity by the end of September, according to media reports Monday. The factories targeted for closure were either highly polluting, ...

China launches industry alliance to promote TCM

BEIJING - A government-backed industry-university alliance was launched here on Saturday to further promote the traditional Chinese medicine (TCM) in the global market. Members of the alliance include Peking University, Beijing University of Chinese Medicine, the health ministry...

Urban-rural divide put under spotlight at conference

HAIKOU - China will need to take up tough reforms over the next few years to start bridging the urban-rural divide, readjusting income distribution, improving the social safety net and advancing basic public services. All these constitute the main tasks to restructure the economy...

1st patent TCM passes US FDA clinical trials

BEIJING - A China-made pill to treat cardiovascular conditions has been tested safe and effective by the US Food and Drug Administration (FDA), and, hopefully, will be marketed in the US as early as 2013, a pharmaceutical company said in Beijing Saturday. Tianjin-based Tasly ...

US slaps duties on Chinese drill pipe imports

The US Commerce Department on Friday set preliminary antidumping penalties on imports of drill pipe from China, a move that might escalate trade disputes between the two countries. The department said in a statement that it "preliminarily determined that Chinese producers or ...

Property market cools in Hainan: official

SHANGHAI - The runaway trend of soaring housing prices in China's southern island province of Hainan has been reined in thanks to a series of local government policies, a provincial housing official said Friday. Hainan's housing prices had fallen from an average 14,000 yuan ($2...

Better to assess China's FDI climate with companies' actions

BEIJING - In assessing the foreign direct investment (FDI) climate in China, foreign companies' actions are more reliable than their words, an economist from the United Kingdom said. "The claim that China's FDI climate is worsening is shown to be false by the fact that foreign ...

China must replace half its homes in 20 years - report

SHANGHAI - More than half of China's existing residential structures will be demolished and rebuilt in the coming 20 years, according to a senior researcher from the Ministry of Housing and Urban-Rural Development, a claim that has sparked fresh questions about the short lifespan ...

Chinese mainland grants more patents to private firms

* Private enterprises boost patent system contributions * Chinese mainland companies secured 58% of patents from 1986-2006 HONG KONG - The Chinese mainland has been granting patents protecting new science and technological products to mostly private companies over the past 10 ...

China widens stress tests to steel, cement - media

* Bank regulator says tests normal part of risk management * 7 top-tier cities must examine impact of 60% price fall * Industry insiders do not see further policy tightening BEIJING - Chinese regulators have called for stress tests on loans to a range of industries, including ...

More realty curbs unlikely: experts

GUANGZHOU - The government is unlikely to come out with more tightening policies for the real estate sector in the second half, and is more inclined to allow the market to play a lead role in adjusting prices, a top industry think-tank expert said on Thursday. "The price growth ...

Tourists pay higher fees for UNESCO heritage sites

Beijing - Wang Ye, a 27-year-old Beijinger, ordered flight tickets and hotel reservations on Thursday for her coming vacation destination - the China Danxia Landform, recently named a UNESCO World Heritage site. "I moved my plans for Danxia two months ahead", she told China Daily...

Experts call for housing survey

BEIJING - Experts have called on the Chinese government to carry out a survey on Chinese residents' housing conditions in a bid to guide cooling-down measures for the property market. The survey should have been performed earlier, said Chen Guoqiang, deputy head of the China Real ...

Mergers reduce China's central SOEs to 123

BEIJING - The number of China's centrally-administered state-owned enterprises (SOEs) was reduced to 123, from 125, after two mergers were approved by the State Council, the country's Cabinet, the state-assets manager said Thursday. China National Real Estate Development Group ...

Chinese companies told to take care dealing with Iran

BEIJING - As Iranian Oil Minister arrived in Beijing on Thursday to strengthen cooperation in the energy sector, Beijing-based experts told Chinese companies to be aware of the complicated situation when doing business in Iran. Iran's Oil Minister Massoud Mir-Kazemi arrived in ...

PBOC to continue moderately loose monetary policy

BEIJING - The People's Bank of China (PBOC), also known as the central bank, said Thursday it would maintain its moderately loose monetary policy and enhance financial supports to boost the economy's sustainable development. The bank will apply multiple monetary tools to keep an ...

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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