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Shanghai's Pudong sets double-digit GDP growth target

SHANGHAI - Shanghai's Pudong New district has set a double-digit growth target for gross domestic product in the coming years through 2015. Pudong, the growth engine of China's financial and economic hub, aimed to expand GDP to 500 billion yuan ($73.2 billion) in 2011 from 400 ...

Economic pact with the mainland an opportunity for Taiwan

TAIPEI: The secretary-general of the Boao Forum for Asia Long Yongtu suggested Taiwan take the opportunity to sign the economic cooperation framework agreement, or ECFA, with the mainland, while attending a forum on Monday. Long said ECFA has long-term strategic significance for ...

China opens intellectual property rights website

BEIJING: China opened a website for intellectual property rights Monday. The website, www.court.gov.cn/zscq, run by The Supreme People's Court of China, is a platform for disseminating information relating to protection of intellectual property rights (IPR). Information such as ...

Soybeans soar as inclement weather hurts production

SINGAPORE: Soybeans advanced to the highest level in more than three months on speculation that cold weather may curb planting in China, boosting demand from the world's largest consumer. Commodities rallied as economic reports pointed to faster growth and concerns about Greece's ...

Yuan valuation not top concern for US firms in China

BEIJING: The Chinese currency exchange rate has not been a top concern for US firms in China, Christian Murck, president of the American Chamber of Commerce in the People's Republic of China (AmCham-China), said Monday. "A singleminded focus on the yuan is a mistake," Murck told ...

Realtors lower price as demand for homes slows

There was a big fall in transaction volume this month for new property projects in Beijing and some developers have even started to lower their prices or offer discounts. During the first three weeks that ended on April 25, only 695 new commercial apartments were sold. During ...

Investors take longer view on going global

BEIJING: Although the global investment environment is improving, Chinese investors are still very prudent and are unlikely to spend large amounts overseas in the short term, according to a report by the China Council for the Promotion of International Trade (CCPIT). The report, ...

Apply appliance rules, store told

Dazhong Electronics, a major chain store for appliances, says it has strengthened its management policies after it and two suppliers were fined for offering false reclaim certificates under the trade-in subsidy program. Customer service representatives at Dazhong were previously ...

China's CPI may go up 3.1% in Q2

China's CPI in the second quarter may rise 3.1 percent from the same period of last year, the Oriental Morning Post reported Monday, citing the Lang Run Forecast. The forecast was released by Peking University's China Center for Economic Research (CCER), a major government think ...

Former senior legislator in court on graft charges

ZHENGZHOU: Zhu Zhigang, a former director of the Budgetary Affairs Commission of the Standing Committee of the National People's Congress (NPC), China's top legislature, appeared in court on corruption charges Monday. Prosecutors of Xinyang city, in the central Henan province, ...

Chinese job fair in US tries to woo talent

NEW YORK - As part of a movement to attract overseas Chinese professionals to fill jobs in various cities across China, a delegation of high-level officials from Jinan in East China's Shandong province interviewed over 50 candidates in New York last week for 150 positions they ...

Luxury garment smuggling cases busted

HANGZHOU: Eight suspects have been arrested on charges of smuggling 102 million yuan ($14.9 million) garments of international luxury brands into the Chinese mainland, the Customs of Hangzhou city, east China's Zhejiang province, said on Sunday. The local customs' anti-smuggling ...

Canada hails its designation as qualified destination for Chinese investment

OTTAWA - Canadian Finance Minister Jim Flaherty on Friday welcomed an agreement with China that designated Canada as a destination for Chinese banking wealth management business under China's Qualified Domestic Institutional Investor (QDII) program. Flaherty said in a press ...

Taiwan leader urges signing trade pact with mainland

TAIPEI: Signing the cross-Strait economic and trade pact, ECFA, will benefit Taiwan, Taiwan leader Ma Ying-jeou said on Sunday in a television debate. Ma debated with the Democratic Progressive Party (DPP) Chairwoman Tsai Ing-wen during a two-hour televised debate over the ...

Rising costs of raw materials and labor, top challenge for Chinese companies: survey

BEIJING - New data released Saturday reveal nearly 80 percent of Chinese entrepreneurs view rising costs of raw materials and labor as the biggest challenge for the future. Rising costs of raw materials and labor topped the list of challenges for Chinese enterprises in three to ...

PBOC adviser says property controls to avert crash

China's measures to rein in property bubbles will curb house prices while avoiding a crash, said central bank adviser Li Daokui. The government aims only to "curtail excessive price gains in some areas," Li said in a phone interview Friday. "Cities such as Beijing, Shanghai and ...

Panda dairy execs' sentences upheld

SHANGHAI - A local court on Friday rejected pleas for leniency from two of the three former executives of Shanghai Panda Dairy Co Ltd who were convicted of producing and selling melamine-tainted dairy products. The Shanghai No 1 Intermediate People's Court upheld the original ...

Commerce minister cautious on export recovery

GUANGZHOU - Chinese Commerce Minister Chen Deming Friday said he remained cautious about growth of exports this year as recovery in demand for China-made goods in the United States and Europe was still very slow. Chen made the remarks in an exclusive interview with Xinhua in a ...

China's trade surplus to fall this year: central bank

BEIJING - China's trade surplus this year will see a decline from the 2009 level despite a recovery in foreign trade, the People's Bank of China, the central bank, said here Friday. An increase in orders would push up export growth to more than 20 percent in the second quarter, ...

Iron ore price hikes threaten disruption of China's steel market: ministry

BEIJING - A senior Chinese industry official has warned major iron ore producers that huge price hikes are likely to damage China's steel market and relations between iron ore and steel producers.China's steel mills were under "great pressure" from soaring iron ore prices, which ...

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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