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US investigates alleged sops for extrusion firms

BEIJING - The United States Commerce Department said on Thursday it will investigate whether Chinese aluminum extrusion manufacturers have received government subsidies and dumped products at rates below the average market price in the US. But the department didn't say whether it ...

CASS predicts China's GDP to grow 9.9% in 2010

BEIJING - A leading Chinese government think tank Thursday forecast the country's 2010 economic growth would top the 8-percent target set by the central government by almost 2 percentage points. The Chinese Academy of Social Sciences (CASS) forecast China's gross domestic product ...

Wealthy travelers snap up trips around the globe

BEIJING -- A half-a-million-yuan tour around the world sold out in less than 10 minutes on the mainland, the organizer said. The 500,000-yuan ($73,200) trip will take tourists to six continents, including the North and South Poles, over 60 days. They will travel by air, train, ...

China must be prudent about exports: official

BEIJING - China must be prudent about the outlook for exports as the risk of a double-dip slowdown in world economic growth exists, a senior official from the Ministry of Industry and Information Technology said Thursday. "Although the global economy and trade have started to ...

China tax administration to tighten collection of land tax

China's State Administration of Taxation will tighten collection of a value-added land tax, according to a statement on its website. Idle land fees cannot be deducted from taxes, the administration said .

China fund head says will not cut Europe holding

PARIS: China's sovereign wealth fund said on Wednesday it would not cut its investment allocation to Europe despite the fall in the euro, but would closely monitor how the continent tackles currency and regulation issues. "We will keep our allocation in Europe," China Investment ...

China to issue $4b book-entry treasury bonds

BEIJING: China's Ministry of Finance (MOF) said Wednesday that it would float 7-year book-entry treasury bonds with a total par value of 28.31 billion yuan ($4.14 billion) Thursday. The bonds will have a fixed annual interest rate of 2.83 percent, to be paid annually on every May ...

Real estate a 'major business' of billionaires

BEIJING - One-third of Chinese billionaires have businesses in real estate, a latest research report has found. The report, released by cuaa.net, an independent Chinese website focusing on alumni affairs, showed that half of the number of Chinese billionaires have businesses in ...

Sichuan companies notch up 8B deal with Taiwan

NANTOU: A procurement group from mainland's southwestern Sichuan Province notched up deals worth 8.1 billion yuan as of Wednesday (1.19 billion U.S. dollars) during a visit to Taiwan. According to Xie Kaihua, head of Sichuan's commerce department, their purchases covered ...

Tianjin port to offer homeport service in June

Tianjin port will officially start to offer homeport services for international cruise liners on June 26, said the port authority on Wednesday. The world's leading cruise liner "Legend of the Seas" has booked the Tianjin port as its homeport for eight voyages starting from July .

Motorbike taxi drivers must buy new, village rules

Only three-wheeled motorbike taxis bought from a local village committee in Fengtai district are permitted to operate in the area, a move that has angered poor drivers. As many as 40 new motorbike taxis hit the streets Tuesday in Songjiazhuang area, the southern terminal of ...

Chinese vice premier reemphasizes transformation of growth pattern

BEIJING - Chinese Vice Premier Li Keqiang said Tuesday China must accelerate its transformation of economic growth pattern as the global economy was undergoing structural changes. Li made the remark when he met with members of the International Advisory Council of the China ...

Experts call for CPI wrinkles to be ironed out

BEIJING - Leading economists have urged the government to straighten out its inflation mapping mechanism after statisticians faced flak for the methodology used to finalize the indicators. After the government released its economic data for April on May 11, many people had ...

Govt vows to curb food price increases

SHANGHAI - China's top economic planning agency on Tuesday pledged to crackdown on the hoarding of farm products and to curb rising food prices amid worries about higher inflation. "Price stability is critical to overall economic development," the National Development and Reform ...

New demolition payment rules are coming

Officials will be held accountable if land requisition becomes ugly BEIJING - The State Council has issued an urgent notice to governments at all levels urging them to set up and implement new compensation standards for land requisition before July. The notice, which follows a ...

China to curb farm produce speculation

China's National Development and Reform Commission (NDRC) said Monday it will curb speculation in farm produce, prices manipulation, and supplies monopolies, and investigate criminals when severe market disruption is spotted. The NDRC said specific definitions and punishment are ...

SAFE: 'Hot money' flows into property sector

BEIJING - Some speculative capital, or "hot money", from overseas has flown into domestic trade and investment areas, including the property sector, the State Administration of Foreign Exchange (SAFE) said on Tuesday. In a statement on its website, the foreign exchange regulator ...

China has curbed hot money inflows

BEIJING - China has made some progress in combatting illegal flows of speculative capital and at present is not facing a large influx of hot money, the country's foreign exchange regulator said on Tuesday. The State Administration of Foreign Exchange also said that there were ...

China, US to further discuss China's market economy status

BEIJING: Chinese Commerce Minister Chen Deming said Monday that China and the United States had not yet reached agreement over the issue of China's market economy status. Both sides showed their willingness to continue the discussion at another "important meeting" to be held in ...

Hong Kong, Chinese mainland sign medical pact

HONG KONG: Hong Kong's Department of Health and the Chinese Mainland's State Food and Drug Administration signed an agreement on Monday to enhance cooperation and communication on the control of drugs and medical devices. Noting the public has high expectations for the safety, ...

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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