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Police put a clamp on medical booking scams

The Beijing Public Security Bureau is cracking down on the illegal sale of medical booking registration numbers at 17 public hospitals. Those found dealing in the registration numbers will be held in custody and criminal charges might be brought in some cases. "The action will ...

China July steel output down 3.7% at 51.74m tons

China's output of crude steel in July reached 51.74 million tons, up 2.2 percent from a year ago but down 3.7 percent from June, figures from the National Bureau of Statistics showed on Wednesday. The figure amounts to 1.67 million tons a day, down from 1.79 million tons in the ...

China gives tax break to service outsourcing firms

China will exempt service outsourcing companies from business tax from July 1 until the end of 2013 to boost their expansion, the Finance Ministry said on Wednesday. In a statement on its website, the ministry said the policy covers firms specializing in information technology ...

Steelmakers restock as iron ore buys rise

SHANGHAI - Iron ore imports by China, the largest buyer of the steelmaking ingredient, rose for the first time in four months in July, indicating steelmakers are restocking after depleting inventories. Imports gained 8.5 percent to 51.2 million metric tons in July, from 47.2 ...

China's financial sector steps up self-examinations

BEIJING - China's banking, securities and insurance regulatory commissions have launched self-examinations to push forward the financial sector's anti-corruption campaign. In a bid to improve the country's financial supervision system, standardize the behaviors of financial ...

High speed railway to link 2 major cities in Hainan

HAIKOU - A high speed railway will begin running between the cities of Haikou and Sanya on southern China's island province of Hainan from November 2010. Built at a cost of 20.2 billion yuan ($3 billion), the railway skirts along the eastern coast of the island for a length of ...

Sky-high prices push foreigners to suburbs

A small community of expatriates has emerged in Beijing's growing northern suburbs attracted by low rents and spacious apartments. Among them is Peter Marvian, a 32-year-old English teacher from Canada, who rents an apartment in Huilongguan. Marvian, who lived in Shangdi, Haidian ...

Watchdog: First-ever SOE fiscal summary

Total assets skyrocketed to 21 trillion yuan in 2009 In a move to improve transparency, the nation's state assets watchdog has for the first time publicly published an annual review of the nation's centrally administrated State-owned companies. The 2009 annual report from the ...

China starts diversifying forex reserves

BEIJING - China has diversified its huge pool of foreign reserves by cutting US Treasury bond holdings and increasing Japanese debt holdings. The nation reduced US treasury bond exposure by nearly $24 billion in June, down 2.7 percent from May, according to US government data. ...

Berner: Protectionism risks are increasing

BEIJING - The unfavorable global economic environment, including protectionism, may pose the biggest risk to the Chinese economy in the second half of the year as the economy still largely depends on foreign demand for its exports and access to raw materials, Morgan Stanley Chief ...

China No 1 destination of Italian goods, says junior minister

ROME - China has superseded Japan becoming the number one import country of Made-in-Italy products, Italian Junior Economic Development Minister Adolfo Urso said Monday.Urso said that in the first six months of this year exports of Italian products to China has risen by 23 ...

Hainan extends visa-free country list to 26

HAIKOU - South China's Hainan province added six more countries to its visa-free list to attract tour groups, as the island hopes to expand its already burgeoning tourism industry, local authorities said in a press conference Monday. Tourists groups from 26 countries can enjoy ...

SPC issues rules on foreign investment disputes

BEIJING - China's Supreme People's Court (SPC) on Monday issued a set of regulations providing a detailed ruling basis for cases involving foreign investment companies regarding share transfer, anonymous investment and other procedures. The regulations mainly focus on conflicts ...

Chongqing to introduce property tax on trial basis

Chongqing's plans to introduce a citywide property tax on a trial basis has been approved by China's central government, the China Times newspaper reported, citing an unidentified official with the Chongqing municipal government's fiscal system. The property tax will be started ...

Chile eyes rapid growth in bilateral trade with China

SANTIAGO - Chile's government is focusing on rapid growth in its bilateral trade, investments, and tourism with China, the country's finance minister said Sunday.Chilean Finance Minister Felipe Larrain told Xinhua that Chile is confident that China's economy will maintain a 9 ...

Mainland wants time to ready for individual travel to Taiwan

TAIPEI, Taiwan - The Chinese mainland supports individual tourist travel to Taiwan, but wants time to prepare for possible large tourist flows, said a senior mainland official Sunday."We are positive about allowing individual mainland tourists to travel to Taiwan, but a lot of ...

July trade surplus a rare case: Expert

Dalian, Liaoning - The 18-month high trade surplus in July is a "unique" case and should not be used as an excuse to press China to revalue its currency, a senior government economist said on Sunday in Dalian, Liaoning province. "The trade surplus will narrow, as exports are ...

Graduates apply for community service jobs

Social worker positions set to be major source of future civil servants The Beijing municipal government planned to spend three years, starting 2009, recruiting 5,000 college graduates to work in communities as a kind of social worker. That goal has been met one year earlier than ...

Favorable home loan policies to mudslide-hit regions

BEIJING - China's central bank and banking regulatory commission have ordered the country's financial institutions to provide preferential loan policies to victims in the mudslide-hit regions of Gansu and Sichuan provinces. The minimum down payment for a home in the disaster...

HK's economy expands 6.5% in Q2

HONG KONG - The Hong Kong economy grew 6.5 percent in the second quarter of 2010 from a year earlier, a rise for the fifth consecutive quarter, said John Tsang, financial secretary of the government of the Hong Kong Special Administrative Region (SAR), on Friday afternoon.The ...

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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