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China to push exports recovery, promote trade balance

The Chinese government will push recovery of its exports and promote balanced international trade as one of its major tasks next year, the country's senior policymakers agreed at the annual key economic conference on Monday. The government would maintain the "continuity" and ...

China vows to promote transformation of development pattern in 2010

The Chinese government pledged Monday to push forward the transformation of its economic development pattern next year while maintaining stable and comparatively fast economic growth. Participants at the three-day annual Central Economic Work Conference agreed that the global ...

Sales of China's online gaming industry to hit 27.5b yuan

The sales revenue of China's online gaming industry is expected to reach 27.5 billion yuan (about $4.03 billion) in 2009, according to Ma Huateng, president and CEO of China's leading Internet service provider Tencent Holdings Limited. Ma made the prediction at the opening ...

China's demand for oil products to grow 5% annually

XIAMEN: China's demand for oil products will grow at average annual rate of 4 percent to 5 percent in the 2010-15 period, according to Zhang Fuqin, deputy chief engineer with China Petroleum Planning and Engineering Institute. Zhang said her prediction was based on an annual GDP ...

Trade tension takes its toll on market

SHANGHAI - Mainland stocks fell the most in two weeks, led by developers and shippers, on concern rising trade tensions will hurt the outlook for exports and the government may further tighten policy to curb asset bubbles. Cosco Shipping Co dropped 1.7 percent after Vice-Minister ...

WB suggests developing countries learn from China, India

BOGOTA: Developing countries could achieve sustainable growth by reviewing the economic growth models of China and India, Managing Director of the World Bank Ngozi Okonjo-Iweala said Thursday. During the South-South Cooperation Meeting held in Bogota, Colombia, Okonjo-Iweala told ...

Banks to further rein in new loans in March

HONG KONG: China will see a further slowdown of loan growth in March, which may help tackle the potential asset bubble possibly generated from the excess liquidity in the market, said Zhu Min, deputy governor of China's central bank, here on Thursday. The slackening of pace is "a ...

China near-term steel demand high, growth low

SHANGHAI: China's steel consumption is expected to remain high but grow slowly in the short term, the chairman of China's Baosteel said on Thursday. Over the long term, Xu Lejiang added, China's demand for steel-making raw materials, including iron ore and coking coal, will shift ...

RMB appreciation not recipe for US trade deficit

WASHINGTON - A senior Chinese trade official said on Wednesday that the appreciation of renminbi, the Chinese currency, is not "a good recipe" for solving US-China trade deficit. "US-China trade deficit is caused by the shift in international division of labor and of industries ...

China to further support private investment: State Council

BEIJING: China's State Council, the Cabinet, said Wednesday the country would step up efforts to encourage investment from the private sector. The government would encourage private investment in sectors currently mainly state controlled such as infrastructure for transport, ...

Asia's regional currency swap plan comes into effect

BEIJING: A currency swap agreement between China, Japan, the Republic of Korea (ROK) and the 10-member Association of Southeast Asian Nations (ASEAN) came into effect Wednesday. The currency swap agreement, or the Chiang Mai Initiative Multilateralization (CMIM) agreement, ...

Change in Fed policy unlikely in the short term

SHANGHAI - The Federal Reserve will maintain its accommodative monetary policy for about six months, given the high unemployment rate and contained inflationary pressure in the United States, Charles L. Evans, president of Federal Reserve Bank of Chicago, said on Tuesday. But ...

China supports UN playing key role in financing for development

UNITED NATIONS: China said Tuesday that the United Nations should continue to lead in solving the financing difficulty of the international development process. Speaking at the UN high-level dialogue on financing for development, Li Baodong, permanent representative of Chinese ...

Wen: Increasing domestic demand long-term strategy

BEIJING - Chinese Premier Wen Jiabao said here Monday that China would steadfastly stick to the practice of expanding its domestic demand, which is considered a long-term strategy. Though China had generally done well in combating the impact of the global financial crisis, the ...

Chinese Premier vows to continue financial reform

BEIJING - Chinese Premier Wen Jiabao pledged here Monday to continue reform of the country's financial system and develop the capital market. "China's financial system is generally sound. It was not greatly affected by the financial crisis and indeed helped the Chinese economy to ...

Consumption 'not spurred by higher pay'

BEIJING: China's repeated efforts since the start of the year to raise people's incomes may not stimulate domestic consumption and therefore won't lead to higher inflation, a major economic concern for both regulators and investors, said analysts. These efforts include raising ...

Housing prices likely stable in '10: expert

SANYA: Housing prices in China are likely to be stable in 2010 and the number of houses to be sold will drop, an expert said at a real estate session of Boao International Tourism Forum on Saturday. "In 2010, housing prices will be stable in general, and I believe that fewer ...

China to be world's top tourist destination by 2015

SANYA, Hainan - A senior official with the United Nations World Tourism Organization (UNWTO) said Sunday China is expected to become the world's largest tourist destination by 2015. "China, as we predict, is going to become the world's No. 1 tourist destination by the year 2015," ...

China to keep inflation under control

BEIJING - China would be able to keep its consumer price index (CPI) at round 3 percent this year, despite relatively high inflation expectations, a senior economist said here Saturday. Yao Jingyuan, chief economist of the National Bureau of Statistics, said, "China's grain ...

Inflation less worrisome than asset bubble

BEIJING - The threat of inflation to China's economy is less worrisome compared with asset bubble, economists said Saturday at the China Development Forum 2010. China's economy is facing a new round of growth in the coming two years, but the risks of inflation and asset bubble ...

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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