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China to float 30 billion yuan e-saving bonds

BEIJING - China's Ministry of Finance (MOF) announced Friday that it would launch two more batches of electronic savings bonds worth up to 30 billion yuan ($4.4 billion) from next week. One batch worth 20 billion yuan had a term of one year, with a fixed annual interest rate of 2...

Chinese exporters ditch wounded euro for dollars

BEIJING: Chinese exporters who made a big push only a year ago to bill in euros are increasingly turning their backs on the wounded European currency and demanding dollars instead. By contrast, Beijing last week said a report saying it was reviewing the euro portion in its ...

China to grow 9-10% after 'overheated' quarter, World Bank says

China's economy will expand between 9 percent and 10 percent in 2010 after an "overheated" first quarter, World Bank chief economist Justin Lin said. "Growth in the first quarter is a bit overheated so it would be good that the growth slows a little," Lin said today in an ...

China sets minimum pre-paid land taxes for East, West regions

China set minimum rates for pre-paid land taxes with higher rates for eastern regions and lower rates for western regions, the State Administration of Taxation said in a statement on its website. The minimum rate for pre-paid land taxes in eastern China was set at 2 percent, ...

Steel price down despite iron ore price hike

BEIJING: International suppliers are raising iron ore prices. But as experts have pointed out, this does not necessarily mean a rise in steel prices. In the first four months of this year, the price of imported iron ore in the Chinese market rose by 26 percent, which pushed up ...

Chinese production bases rates highest in Asia

HONG KONG - Rising production costs on the Chinese mainland are eating into thin profit margins for Hong Kong companies, but manufacturing bases there continue to be ranked as more competitive than other supply regions in Asia, according to two research reports released Thursday ...

Trade-in subsidy program extended to 2011

China has extended its household electrical appliance trade-in subsidy program to Dec 31, 2011, chinanews.com.cn reported today. The program also will be enlarged to another 19 provinces and cities, according to a joint statement issued today by China's Ministry of Commerce, ...

China is growing bright fashion designers

MILAN, Italy: A new generation of young Chinese designers is entering European catwalks, making an impact on the future of fashion, president of the financial holding of Trussardi fashion group, Maria Luisa Trussardi, told Xinhua in a recent exclusive interview. "I attended two ...

Greenhouse gases emission cut not optimistic

BEIJING: To reduce China's polluting emissions was a daunting task and the immediate outlook was not good, said a senior environment official here Thursday. Sulfur dioxide emissions had increased by 1.2 percent year on year in the first quarter, said Zhang Lijun, vice minister of ...

Roof comes off real estate scams

With housing prices soaring annually in recent years, more would-be buyers are becoming the victims of crimes connected to cheating in the real estate sector, according to an investigation by the People's Procuratorate of Beijing released on July 10. The report says the average ...

June exports hit record high

BEIJING - China's exports for June hit a record high since July 2008 and the trade surplus also surged to the highest this year, but economists insisted such strong momentum cannot be sustained and there is little possibility that the yuan will gain by large margins, as widely ...

Chinese, French business leaders meet to discuss cooperation

PARIS - Over 500 Chinese and French business leaders gathered at the Sino-French Cooperation and Investment Forum, which opened here Friday, to discuss how to expand bilateral business cooperation under new international circumstances. The event was sponsored by the Chinese ...

Taiwan may finish legal procedures for ECFA soon

GUANGZHOU - Wu Poh-hsiung, honorary chairman of Taiwan's Kuomintang (KMT) Party, on Saturday said he believed the island would soon complete legal procedures for the Economic Cooperation Framework Agreement (ECFA). Wu made the remarks in Guangzhou when addressing the opening of ...

China's auto subsidy fuels consumption by 20.5b yuan in H1

BEIJING - China's auto replacement policy has boosted domestic auto spending by 20.5 billion yuan ($3 billion) in the first half of the year, said the Ministry of Commerce (MOC) Friday in an online statement. Relevant departments had handed-out 2.4 billion yuan in subsidies that ...

China moves to transform agricultural production

BEIJING - The State Council, or the Cabinet, on Friday outlined tasks and goals for "sound and fast" development of the country's farm mechanization. In a statement to ministries and local governments, the State Council said China was now at a critical transition stage in its ...

Chinese vice premier stresses sound growth

CHONGQING - Chinese Vice Premier Wang Qishan has called for more efforts to ensure the economy develops in a sound and rapid way. China's economy is developing in line with macro-control polices, but the economic environment, both domestic and overseas, is very complicated, said ...

China to sell 20b yuan book-entry T-bonds

BEIJING - China's Ministry of Finance (MOF) said Friday it would issue 20 billion yuan ($2.95 billion) of book-entry discount treasury bonds from Monday. The issue price of the discount bonds will be 99.059 yuan, and they will have a term of 182 days. The bonds will be issued ...

China says big external surplus not sustainable

BEIJING: China's big balance-of-payments surplus is not sustainable, the State Administration of Foreign Exchange said on Friday. In the last of a series of questions and answers posted on its website, www.safe.gov.cn, the currency regulator said most of the capital inflows into ...

China reduces rare earth export quota by 72%

China, the world's largest rare-earth producer, cut export quotas for the minerals needed to make hybrid cars and televisions by 72 percent for the second half. Shipments will be capped at 7,976 metric tons, down from 28,417 tons for the same period a year ago, according to data ...

China finds fresh trade in toxic milk powder

BEIJING: Chinese authorities have seized 38 tons of milk powder laced with a toxic additive that killed children and sparked a nationwide uproar in 2008, official media reported. Samples of milk powder found in northwest China's Gansu and Qinghai provinces had levels of 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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