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Mainland, HK property 'retains allure'

BEIJING: Real estate on the Chinese mainland and Hong Kong retains a strong long-term allure despite current fears of a damaging bubble, according to an influential player in the regional market. Alastair Hughes, Asia-Pacific chief executive of Jones Lang LaSalle, a dominant ...

China sticks to opening-up policy: official

GENEVA: China will continue its economic opening-up policy and it stands ready to join hands with other countries to overcome the global economic difficulties, a senior Chinese official said here on Monday. "We firmly believe that opening-up will generate unlimited vitality for ...

China remains top investment market for Canadian firms

VANCOUVER: China remains the top investment market for Canadian companies, but the growing opportunities in India are grabbing Canadian companies, according to the results of an investment intentions survey released here on Monday. The annual Asia Investment Intentions Survey was ...

Experts: Procurement policy not biased

BEIJING - The government has invited comments from the public on a draft regulation for its procurement of domestic products, a move analysts said will have limited impact on foreign companies. The draft clearly defines domestic goods as final products made in China with more ...

Shanghai hotels are booked up

Shanghai - As the busy summer season of Expo 2010 Shanghai begins, hotel occupancy rates, especially in the Pudong new area, are reaching nearly 100 percent, while room rates are also increasing. The average occupancy rate of Shanghai's star-level hotels was 92 percent on May 20, ...

Home sales plummet, frosty year predicted

The housing market might be bogged down, but a tough local real estate policy that took effect last month has sparked chaotic competition among house buyers. Beijing Homelink Real Estate Brokerage, the biggest property agency in the capital, is complaining that a policy issued on ...

Media merger signals reform

A brand new Beijing Radio and Television Station was unveiled on Monday morning, after the merging of Beijing TV Station, Beijing People's Broadcasting Station and the Beijing All Media and Culture Group. The detailed restructuring plan and name of the new company have not been ...

Economic zone receives nod for expansion

SHENZHEN - China's first special economic zone (SEZ) of Shenzhen has finally received approval to expand from the central government, Shenzhen's Party chief and acting mayor Wang Rong said. According to Wang, the central government will soon announce the expansion of the SEZ to ...

China cracks down on online gambling, arrests 3,430

BEIJING: A Chinese government crackdown on online gambling that started in February had as of Friday netted 3,430 suspects and frozen nearly 600 million yuan ($88 million) in funds. The campaign has cracked more than 670 cases of online gambling and broken up 26 gambling ...

Steel exports may falter after policy change

Chinese steel exporters may see hurdles later this year, as the country is set to limit exports in high polluting, high energy-consuming, and resource sectors, according to media reports Monday. China is to lower or scrap export tax rebates on exports in such sectors, and lift ...

China to invest 700b yuan in high-speed railway

China is to spend as much as 700 billion yuan ($102.52 billion) on high-speed rail construction this year, the Xinhua news agency reported, citing He Huawu, chief engineer of the Ministry of Railways. He expects 4,613 kilometers of high-speed rail line will be put into service ...

Economists fight misconceptions about China

BEIJING - China's strong economic recovery is drawing much interest from economists, policymakers and media around the world as developed countries struggle to overcome the global downturn. Yet, common misunderstandings about China are increasing as more people unfamiliar with ...

New housing policy 'difficult to implement'

GUANGZHOU - The latest government policy to tighten second-home purchases is expected to further cool the housing market, but experts said it might be difficult to implement due to the independence of the country's housing registration and banking systems. The policy, issued late ...

HK, mainland govts to clean up tourism

HONG KONG - Tourist authorities in Hong Kong and Shenzhen will strengthen cooperation to combat inbound travel agencies' malpractice, Hong Kong's Commissioner for Tourism Philip Yung Wai-hung said on Saturday. Speaking on a radio talk show, Yung said short-term improvement ...

China to transform from labor- to talent-intensive development

BEIJING - The Communist Party of China (CPC) Central Committee and the State Council, China's Cabinet, on Sunday jointly issued the country's Medium and Long-term Talent Development Plan (2010-2020), which sets a blueprint for creating a highly skilled national work force. The ...

Two foreigners killed over debt dispute in east China city

XIAMEN, Fujian - Two foreigners were killed and another injured in an aggravated debt dispute Saturday night in the coastal city of Xiamen in east China's Fujian Province, local police said. The dead included a woman from Venezuela and a man whose nationality was not unknown yet. ...

Economic planner rejects stagflation risk report

BEIJING - China's National Development and Reform Commission (NDRC), the top economic planner, refuted a report on Friday claiming China is facing stagflation risks, arguing the national economic growth might slow slightly but stagflation is not going to occur. The NDRC response ...

US slaps punitive tariffs on Chinese wire decking

WASHINGTON - The US Commerce Department Friday set final anti-dumping duties (AD) and countervailing duties (CVD) on imports of HU$235.9 million wire decking from China, a move which might escalate trade disputes between the two countries. "Commerce determined that Chinese ...

Stimulus exit a long way off

Analysts say private investment still unable to shore up economy BEIJING - China's exit from economic stimulus remains far away as private investment and consumption are currently unable to shore up the economy, said analysts. En route to the G20 finance ministers' meeting in ...

Real estate business volume slumps in Xi'an

XI'AN - Hu Minyuan, a 30-year-old resident of Xi'an, who is set to tie the knot in October, has deferred plans to buy a house due to the high real estate prices. Instead, Hu and his bride-to-be will rent a house and wait for the right time to buy when prices drop considerably. "I ...

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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