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Door closing on rising house prices

The cost of real estate in the capital will likely start to fall in the fourth quarter, housing market analysts are predicting. They say the slew of policies recently introduced by the government to calm the volatile market should take effect by then. Xing Zhihong, a spokesman ...

Highwire bidders slow to step out

A plan by management of the National Stadium to solicit bids for naming rights to a highwire acrobat's two-month stunt is teetering. As of Wednesday, only one company had registered to place the minimum 1-yuan bid on naming rights to the performer's wardrobe, cellphone and cabin. ...

China's GDP to grow by 10% in 2010: IMF

WASHINGTON: Powered by strong domestic demand, China's economy is expected to grow by 10 percent in 2010, said the International Monetary Fund (IMF) on Wednesday. "In China, GDP growth exceeded the government's 8 percent target in 2009 and is expected to be close to 10 percent in ...

Guangzhou studying light pollution fees

Neon signs and billboards may soon be restricted GUANGZHOU - The provincial capital of South China's Guangdong province is expected to take the lead in collecting light pollution fees in the country. Sources with the Guangzhou municipal price bureau said they are studying the ...

China to increase cashmere output with cloned fur-rich goats

HOHHOT, April 21 (Xinhua) -- Chinese livestock experts have cloned a group of goats engineered with the gene that produces rich fine-haired cashmere. "From February to March, 14 such goats were cloned at the Inner Mongolia White Cashmere Goat Breeding Farm," said Liu Shaoqing, ...

Singapore, China co-op in cruise industry

SINGAPORE: Singapore Cruise Center signed here on Tuesday a Memorandum of Understanding (MOU) with Shanghai Wu Song Kou International Cruise Terminal Development to jointly explore various forms of collaboration opportunities between both parties. According to a joint statement, ...

Pre-sales targeted to curb property market

BEIJING: China's government tightened its squeeze on the property market Tuesday, restricting pre-sales by developers, in a further measure to curb soaring property prices. Developers were no longer permitted to receive downpayments for unfinished properties unless they have ...

Audit catches illegal land use

BEIJING -- More than half of cities surveyed during a spot check on land acquisition were found to have broken the rules. The latest survey carried out by the National Audit Office (NAO) found illegal land acquisition occurring in many cities and a few local governments faking ...

HSBC raises China's 2010 GDP forecast to 10%

HONG KONG: HSBC, one of the world's largest banks, Monday upgraded its 2010 growth forecast for China to 10 percent, from its original projection of 9.5 percent, which was made this January. "Given the export turnaround, we raised our 2010 GDP growth forecast (for China) to 10 ...

RMB appreciation 'more likely' in Q2

SHANGHAI - There is a greater probability of yuan appreciation in the second quarter as China steps up curbs on home loans to help deter speculative capital inflows, China International Capital Corp (CICC) said. The State Council said last week banks should stop loans for third...

Expert warns on hot money

SAFE vows to beef up controls of cross-border capital movement BEIJING - A Chinese Academy of Social Sciences (CASS) economist on Monday warned against drastic increase in short-term speculative capital inflows, especially in the coming months while the country's foreign exchange ...

Vice premier orders efforts to improve food safety

BEIJING - Chinese Vice Premier Li Keqiang on Monday urged food quality authorities to strengthen supervision in order to significantly improve food safety, consumer confidence, and the quality and reputation of domestic food. He instructed officials to focus on the prominent ...

China boosts funding for crops

BEIJING - The Chinese government Monday unveiled more than 2.4 billion yuan (about $352 million) in new funding to ensure summer grain and oil output as extreme weather across China threatens harvests. Severe drought in southwest China, persistent cold weather in the north and ...

China's state firms see big profit gains in first quarter

BEIJING - Combined profits of China's state-owned enterprises (SOEs) climbed 75.8 percent year on year in the first quarter to 408.82 billion yuan (US$59.9 billion), the Ministry of Finance announced Monday. The growth rate was down 0.2 percentage points from the fourth quarter ...

Indonesia needs China more in ACFTA: economist

JAKARTA - Indonesia needs China more than the country does in the ASEAN-China Free Trade Agreement (ACFTA) as China absorbs more of Indonesia's export, the Jakarta Post quoted an analyst as saying on Monday. Economist Riyadi Suparmo said that the size of the Chinese economy is ...

Cold snap in N China may push up int'l apple prices: observers

XI'AN - A marked drop in the supply of apples in northern China, caused by an unusual cold snap this week, may push up the prices of apples and fruit juice on the international market, industry observers said Saturday. In Shaanxi province, the country's largest apple growing base...

Sino-US agreement on yuan exchange rate report untrue: ministry

BEIJING - Recent Chinese media reports that China and the United States had reached a tentative agreement on the exchange rate level of yuan, or China's currency renminbi, were untrue, a spokesperson of the Chinese Ministry of Commerce (MOC) told Xinhua Monday. According to the ...

China, Japan, South Korea 'closely linked in trade'

NARA - Former Chinese Vice Premier Zeng Peiyan said Monday that China, Japan and South Korea are " mutually complementary in economy and closely linked in trade." "The considerable disparity in their resources, technological levels and labor costs highlights enterprises' ...

Vice Premier calls for revitalization of Northeast China's industrial base

BEIJING - Chinese Vice Premier Li Keqiang urged more efforts to expand domestic demand and restructure the economy to revitalize the old industrial base in Northeast China. Li made the remarks during an inspection tour to northeast China's Liaoning province between Wednesday and ...

China, Venezuela sign agreements on oil, hydropower projects

CARACAS - China and Venezuela on Saturday signed a series of agreements to help the latter develop its oil and hydropower industries. Under the agreements, the two countries will set up an oil exploiting and processing joint venture in Venezuela's Orinoco reserves belt. China ...

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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