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China arrests hundreds of online football gamblers

BEIJING: Chinese police have arrested more than 810 online football gamblers during the World Cup period as the Ministry of Public Security cracks down on domestic and foreign online gambling organizations. Among the arrested, 65 were from Hong Kong, Macao, Taiwan, as well as ...

Third parties set to dictate 'true' property fees from Oct

A third party property management evaluation system will be introduced in Beijing on Oct 1. It states that a third party will undertake evaluation and management actions on properties from the first day of October. The regulation was issued by the Beijing Municipal Commission of ...

Singapore may pass China as Asia's fastest-growing economy

Singapore may overtake China as Asia's fastest-growing economy this year, increasing the attractiveness of the city state's stocks and putting pressure on policy makers to check inflation with a stronger currency. Gross domestic product of the Southeast Asian island will rise 10...

China to keep yuan basically stable: SAFE

BEIJING - China's foreign exchange regulator said Thursday it will keep the exchange rate of the yuan, China's currency Renminbi (RMB), basically stable at a reasonable and balanced level. In a Q&A statement on its website, the State Administration of Foreign Exchange (SAFE), the ...

China reaffirms yuan stance, loose monetary policy

BEIJING: China will maintain an appropriately loose monetary policy but will use its various monetary policy tools flexibly, the central bank said on Thursday. The People's Bank of China, echoing its statement of June 19 when it ended the yuan's 23-month-old peg to the dollar, ...

China buys Japanese bonds at record pace

China bought a net 735.2 billion yen ($8.3 billion) of Japanese bonds in May, more than doubling purchases for this year as it heads for the biggest annual increase since at least 2005. China's purchases of Japanese bonds exceeded sales by 1.28 trillion yen since January, after ...

IMF: China's 2010 GDP to grow 10.5%

HONG KONG - The International Monetary Fund (IMF) lifted China's GDP growth forecast for 2010 to 10.5 percent from the earlier projection of 10 percent, the IMF said in a latest world economic outlook released on Thursday. The body also revised the country's GDP growth projection ...

China to impose resource tax nationwide

BEIJING - China will impose nationwide a tax on oil and gas drilling and other resource industries to raise money for development in poor western regions, an official said Thursday. Beijing is carrying out a test of such a tax in its oil-rich western region of Xinjiang and plans ...

Requisition law 'facing resistance'

BEIJING: The delayed implementation of a draft revision to property requisition regulations is due to resistance from local governments, many of which make money by selling land, experts have said. Half a year has passed since a draft amendment to the Regulations on Demolishing ...

Beijing releases 2010 salary increase guidelines

The 2010 wage guideline in Beijing was released on Wednesday, stating an average salary jump of 11 percent. The wage guideline, which includes an average, upper and lower level, is an annual requirement from the government to enterprises to raise employee salaries. It stated that ...

Ministry blames real estate agents for skyrocketing rents

Beijing: The Ministry of Housing and Urban-Rural Development has blamed agents for first-tier cities' soaring apartment rents amid intensifying public frustration. The average rent increased by more than 18 percent year-on-year from March to June, a survey of Beijing, Shanghai, ...

Public input sought on food safety draft

BEIJING: A draft of rules designed to protect the safety of exported and imported food has been opened for public debate until next Friday. It is the first systematic regulation concerning the safety of exported and imported food, said Liu Zhaobin, director of the policy and ...

Weak euro attracts more Chinese shopping

HANGZHOU - The fall of the euro against the yuan has prompted more Chinese to travel to European countries, as they look to pick up luxury brands on the cheap. Li Yaoyi, resident of Hangzhou, capital of Zhejiang province, has just finished a fruitful trip. "A 1,000-euro ($1,260...

Farmers reluctant to sell as wheat prices soar

Chinese farmers are holding their wheat and reluctant to sell on expectations that the current high prices would continue to rise as market reflects that wheat production and quality might be affected by persistent low temperatures during the growing season. "Wheat prices at some ...

Unified pricing to buoy rare earth prices

Plan for valuable resource also aims to stem illegal mining BEIJING - The central government is planning a unified pricing mechanism for rare earth minerals in five provinces and regions, a move considered to prevent the valuable resource from being undervalued, industry sources ...

Cartoon fair to be held in Shanghai

SHANGHAI: China Comics Games (CCG) Expo, an international cartoon exhibition and the only China expo focusing on the cartoon and online games industry, will be held in Shanghai from July 8 to 12. Covering 20,000 square meters in exhibition area, the event has so far lured over ...

China's FX reserves not 'atomic weapon': SAFE

BEIJING - China's State Administration of Foreign Exchange (SAFE) Wednesday rejected concerns that it would use China's foreign exchange investments as an "atomic weapon" against investment targets. The country's foreign exchange regulator posted a question-and-answer statement ...

China's 8th environment equities exchange opens

DALIAN: The first environment equities exchange in northeast China - the eighth nationwide - opened Wednesday. The exchange in Dalian, a coastal city in Liaoning province, provided a platform to help develop a low-carbon economy, said Zhang Jun, deputy mayor of Dalian. It is ...

Senior CPC official vows to increase anti-drug co-op with Russia

BEIJING: Senior Chinese official Zhou Yongkang met with Russia's anti-drug officials on Wednesday, and the two sides agreed to enhance anti-drug cooperation. Zhou hailed Sino-Russian political ties and suggested the two sides enhance regular consultation and cooperation in anti...

China dismayed by further EU probe

BEIJING - China is disappointed the European Union has decided to launch an anti-subsidy investigation into imported Chinese coated paper, Ministry of Commerce spokesman Yao Jian said on Saturday. "China will closely follow this issue and reserves its right to take necessary ...

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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