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World Bank sees China GDP up 9.5% in 2010

The World Bank has raised its economic growth forecast for China from 8.7 percent to 9.5 percent, citing a boost in exports, strong growth in real estate and robust domestic spending. Building on the momentum shown in the first months of 2010, growth is likely to remain strong in ...

China to be 3rd largest pharma market in 2011

NEW YORK - Sales of prescription drugs in emerging markets will grow rapidly over the next few years, pharmaceutical market research firm IMS Health says, with China becoming the world's third-largest prescription drug market in 2011. IMS says pharmaceutical revenue in China is ...

China's trade surplus with US misread

China's large trade surplus is often used by the United States to argue why China should allow its currency to rise. Yet most US officials ignore a very important fact: a majority of China's exports to the US are produced by US-funded companies and huge profits go back into ...

Obama is 'playing with fire' over yuan

LONDON - US President Barack Obama's pressure on China over its currency's exchange rate is a manifestation of hypocrisy from the West and will not work, a British economist has said. "The president is playing with fire... Obama really should tread carefully. At the same time, ...

China trims holdings of US Treasury securities

China retained its spot as the biggest foreign holder of US Treasury debt in January even as it trimmed its holdings for a third straight month. The string of declines underscored worries that the US government could face much higher interest rates to finance soaring budget ...

China denies yuan behind US trade gap

BEIJING: China on Tuesday shunned mounting US demands for a stronger yuan, saying again that renminbi is not the cause of China s big trade surplus and vowing to keep the currency stable to shore up exports. "If the exchange rate issue is politicized, then in coping with the ...

BofA eyes business expansion in China: report

Bank of America Corp, the largest US bank, plans to seek approval to expand its operations in China, the Wall Street Journal reported on Sunday, citing people familiar with the situation. According to the Journal, the bank is considering incorporating locally in China, which ...

China to promote balanced trade: Wen

Chinese Premier Wen Jiabao said on Sunday China will strive for balanced international payment and promote free trade, although protectionism worsens as the global financial crisis deepens. "I am a staunch supporter of free trade, since it will not only promote world economic ...

Hotel bookings rocket as Expo nears

Hotel bookings in Shanghai have increased dramatically as the 2010 World Expo comes nearer, Shanghai Business Daily reported Wednesday. Room reservations have soared 3.5 times since this January in the financial hub while the hotel room rates have risen only 20 percent, which is ...

Real estate investors pick China over Singapore

Singapore's popularity as one of Asia's top real estate investment destinations has taken a dip, local media reported on Wednesday. A new survey by the Urban Land Institute and PricewaterhouseCoopers (PwC) put the city State in 5th place in the latest rankings of Asia-Pacific ...

China sets up expert panel to assess food safety

A panel of 42 experts in the fields of hygiene, agriculture, food and nutrition was set up Tuesday by the Chinese government to conduct risk assessment on food safety. According to China's Food Safety Law, the expert committee shoulders the responsibilities of formulating risk ...

Banking authority reitertates credit quality, pace control

China's banking authorities vowed to step up efforts to improve credit quality, and keep credit expansion in reasonable pace after record lending, to echo government's call to rebalance economic growth pattern. Chairman of the China Banking Regulatory Commission Liu Mingkang said ...

China's central bank says to manage credit pace after lending spree

China's central bank said on Tuesday that more efforts would be made to keep credit expansion in reasonable pace after record lending to echo government's call to rebalance economic growth pattern. More credit support should go to promote employment and industries of strategic ...

Blue Book: China's GDP to rise slowly

The Chinese Academy of Social Sciences (CASS) published the "2010 Blue Book of China's Economy" Monday, which has predicted China's GDP will reach a growth rate of 8.3 percent this year and possibly hit 9.1 percent next year. China's consumer price index (CPI) will be negative 0...

China's foreign trade to recover in 2010

China's 2010 international trade volume is expected to rise 10 percent from this year, and exports to increase about 15 percent, said Pei Changhong, an expert on finance and trade at the Chinese Academy of Social Sciences (CASS). "The foreign trade volume of 2010 will rise back ...

Bank of China to improve credit structure for risk control

Bank of China, the nation's third largest lender, said on Monday it would beef up efforts to optimize credit structure to avoid systemic risk and realize sustainable development. Credit structure should help promote economic restructuring and development pattern transformation, ...

Nation leans on exports to keep moving forward

Improving exports and pushing for trade balance were among the key issues at the annual Central Economic Conference on Monday. Officials at the conference said the government will maintain its foreign demand policy, diversify market strategies and tap into new markets. In the ...

China leads the world in auto sales, production

China's passenger vehicle production and sales in November both more than doubled from a year earlier, continuing the robust growth and causing China's auto market to lead the global industry for the whole year. It's also the first time the domestic monthly production and sales ...

'Stimulus measures to persist in 2010'

China will not cease its stimulus package measures next year as leaders reiterated their commitment to a proactive fiscal policy Monday. At the pivotal Central Economic Conference, which began Saturday and wrapped up Monday, President Hu Jintao and Premier Wen Jiabao said it was ...

China vows to promote agriculture development in 2010

The Chinese government will enhance efforts in 2010 to promote agriculture development, strengthen produce supply to the market, and expand rural demand, participants at the Central Economic Work Conference agreed Monday. The government will strengthen rural policies to increase ...

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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