china

SHANGHAI: China's booming housing market is a bubble, evidenced by a series of statistics and the actions the central government is taking, an economist said here on May 29. "A series of indicators - including ratios of housing prices to people's income, to rent, and to ...
BEIJING: Price surge in some agricultural products such as garlic and mung beans would have a limited impact on China's overall inflation, said Peng Sen, vice minister of the National Development and Reform Commission (NDRC), the national economic planner. The consumer price ...
BEIJING: Growth in China's consumer price index (CPI) is likely to see a reverse "V" shape this year and the possibility of a serious inflation is easing, said Ha Jiming, chief economist at the China International Capital Corp (CICC). Speaking at an investor education activity in ...
BEIJING - Speculation on food products like mung beans is unlikely to sharply push up China's Consumer Price Index (CPI), an important gauge for inflation, analysts have said. The rising food prices earlier this year were mainly because of bad weather not speculation, said Yao ...
Shanghai - Authorities are working on detailed rules to cool down the property market in Shanghai, which will be more strict than central government policies, a municipal official said. Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibilit...
MACAO - With the inking of the seventh supplement to the existing Closer Economic Partnership Arrangement (CEPA) on Friday, companies and investors in Macao Special Administrative Region (SAR) can explore the mainland market with lower costs and higher efficiency. Supplement VII ...
XI'AN - Major construction of the first subway traversing the ancient Chinese city of Xi'an, home of the "terra-cotta warriors," was completed Friday. This will allow the No 2 metro line, 26.4 km in length for the first section, to open in 2011 on schedule, said Chen Dongshan, ...
SEOUL - Visiting Chinese Premier Wen Jiabao said Friday that free trade area (FTA) negotiations between China and South Korea could be launched later this year or early next year upon the completion of a feasibility study. Wen made the remarks in talks with South Korean President ...
NANJING - A tunnel running under China's longest river, the Yangtze, in Jiangsu province opened on Friday, a 5,853-meter-long engineering feat that will ease traffic congestion. Eighty Chinese and foreign experts together with construction workers took more than four years to ...
BEIJING - China's Minister of Finance Xie Xuren said Friday that the government would stick to a proactive fiscal policy to buoy economic and social development as the country faced uncertainties, both home and abroad. The current domestic and international situation was "still ...
But China and ROK will have to 'compromise to reach consensus' SEOUL / BEIJING - China and the Republic of Korea (ROK), two of Asia's largest economies, are expected to kick off formal talks on establishing a free trade area (FTA) this year or in the first half of next year in a ...
BEIJING - Government officials on Friday urged more Chinese companies to invest in Africa's agricultural and manufacturing sectors to help the continent improve its economic structure. "There are very broad investment areas in Africa, Chinese companies can explore more opportunit...
BEIJING - China will increase support for its underdeveloped western regions in areas such as taxation and environmental protection, according to a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee on Friday. The meeting was presided over by ...
BEIJING - China's Cabinet ordered a review Thursday of investment agencies run by local governments amid warnings that Chinese banks might face problems if they cannot repay multibillion-dollar borrowing. The order was the highest-profile expression of government concern ...
MACAO - The Macao Special Administrative Region (SAR) will enjoy better access into the Chinese mainland market in various sectors as the two places Friday signed a new supplement to an existing trade agreement. The Supplement VII to the Mainland and Macao Closer Economic ...
Tourists staying in hutongs, traditional Beijing courtyard neighborhoods, will be heavily promoted as the latest culture-related product by Dongcheng district. Yang Yiwen, head of the Dongcheng government, said there are more than 400 hutongs and 340 traditional courtyard houses ...
BEIJING: China's State Council, the Cabinet, has pledged to crack down on farm produce profiteers and strengthen management of local government fund-raising units. China's grain output has risen six years in a row, but a run of natural disasters since last winter has dented ...
BEIJING - The Chinese government has cut taxes on rural financing to back development of rural finance and lending to farmers, the Ministry of Finance (MOF) said Thursday. The government has canceled the sales tax on interest income from small loans to rural households and axed ...
BEIJING: China will crack down on the hoarding of vegetables to curb speculation and maintain market order, the National Development and Reform Commission said Thursday. China's top economic planner urged local governments to step up efforts to strengthen market monitoring and ...
BEIJING: Europe remains a key investment market for China's foreign exchange reserves, the Chinese central bank said on Thursday, helping to soothe markets unnerved by a report that it was reviewing its euro-zone bond holdings. The Financial Times said on Wednesday that China's ...
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 ...
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 ...
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 ...
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 ...