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Drug officials arrested on bribery charges

Beijing -- Five officials of the State Food and Drug Administration (SFDA) have been arrested for allegedly accepting bribes and another was suspended from duty, the Economic Observer reported on Sunday. The six officials had already been placed under shuanggui -- a form of ...

China's heavy-industry center urged to transform development pattern

CHANGCHUN - China's top legislator Wu Bangguo has urged Jilin province in Northeast China, traditionally a heavy-industry center, to speed up transformation of its development pattern. Wu, Chairman of the Standing Committee of the National People's Congress (NPC), visited car and ...

China to issue $2.2b book-entry T-bonds next week

BEIJING - China's Ministry of Finance (MOF) Friday announced it would launch a new batch of book-entry treasury bonds, with a total value of 15 billion yuan ($2.2 billion), from April 19 to 21. The bonds, with a term of 182 days, would be sold at a fixed annual interest rate of 1...

Rules are tightened for house purchase

BEIJING - The central government has raised the required downpayment for a family purchasing a second house from the existing 40 percent to 50 percent, as the latest measure to curb soaring property prices and prevent growing financial risks. The decision was made during a State ...

China should decide RMB's future: economist

BEIJING - Whether to make China's renminbi (RMB) currency appreciate or not should only be decided by the Chinese themselves, a renowned Chinese economist said in a discussion held in Peking University. "I am not partial to Chinese, but the problems relating to China should only ...

Prices for resource products may rise in Q2

China may adopt reforms on resource product prices in the second quarter, the National Business Daily reported Friday, citing between the lines of a statement issued by the country's top economic planner. The National Development and Reform Commission revealed a statement on its ...

Singapore, China hold 1st review of bilateral FTA

SINGAPORE - Singapore and China concluded the first round of review of the China-Singapore Free Trade Agreement (CSFTA) here on Thursday. The review, which was held here from April 14 to 15, reaffirmed both countries' commitment to improve the quality and smoothen the implementat...

Seven face music over KTV scam

Seven people stood trial in a local court for allegedly forcing customers to pay unreasonable bills at a karaoke bar. They were accused of the crime of forced trading at Haidian district court, Beijing News reported. Prosecutors allege that the seven made roughly 20,000 yuan this ...

China defends iron ore benchmark pricing system

BEIJING - China's Ministry of Commerce Thursday stepped up its defense of the iron ore benchmark system in the face of moves by the big three international mining giants to end the decades-old pricing mechanism. Ministry spokesman Yao Jian said the benchmark pricing system, which ...

Recovery momentum strong, but difficulties remain

BEIJING - China's economic development environment remains "very complex" with difficulties and problems persisting in the process of its economic recovery, said the State Council Wednesday. The national economy was heading toward the goal of macroeconomic regulation, with a ...

China to increase land supply for residential property

BEIJING - The Chinese government said Thursday it plans to increase the land supply available for residential property, in a bid to guide the country's runaway property market into more healthy development. China will supply 180,000 hectares of land nationwide to build houses ...

China allocates $29m for Qinghai quake relief

The Chinese government has allocated 200 million yuan ($29.3 million) from the central fiscal for disaster relief in quake-hit Qinghai province, the Ministry of Finance said late Wednesday. The fund was to support relief efforts including evacuation, resettlement, medical ...

Fair reflects changing mood

More companies taking part in expo, indicating biz confidence has recovered GUANGZHOU - The rise in the number of participants in the latest China Import and Export Fair, known as the Canton Fair, which kicks off on Thursday, is a clear indication that business confidence has ...

China to stage 7th int'l SME fair in Sept

Beijing - The 7th China International Small and Medium Enterprises (SMEs) Fair would take place in Guangzhou, capital of Guangdong province, from Sept 15-18, a senior official said in Beijing Wednesday. Domestic and overseas firms from home appliance, energy saving,environmental ...

HK property market set to slow down

HONG KONG: The city's residential property market will probably slow in the next two months as expectations grow that China will allow the yuan to appreciate, Credit Suisse Group AG said in an Asian market report on Tuesday. A higher yuan may damp investment in Hong Kong's ...

Housing prices are still through the roof

More than 60 percent of people selling their homes say they plan to use the proceeds to buy another property, according to a report by Centaline property agency. The study, which was based on a survey of 800 homeowners taken between March 20 and April 10, showed 18.5 percent ...

Open doors still welcome foreign investment

China will continue to widen market access to foreign investors and better navigate the inflow of foreign capital, top officials said yesterday. Meanwhile, the country will discourage both foreign and local capital from investing in resource-guzzling and polluting sectors to ...

US initiates antidumping and countervailing duty investigation on Chinese aluminum extrusions

WASHINGTON - The US government announced on Wednesday its decision to initiate an antidumping (AD) and countervailing (CVD) duty investigation on Chinese aluminum extrusions, a move that might escalate trade disputes between the two countries. The US Commerce Department said in a ...

Sound recovery bolsters employment in China: minister

WASHINGTON - China's early recovery from the global financial crisis has helped in maintaining relatively stable employment in the country, a senior Chinese official said Wednesday. "China's employment policies and measures to tackle the financial crisis are recognized and ...

China announces financial support for Yushu

As the nation mourned the victims of an earthquake that hit Yushu, Qinghai province a week ago, China announced Wednesday that the deposit reserve requirement for financial institutions in the quake-hit areas will be lowered by 1 percentage point to encourage lending for disaster ...

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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