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Ministries unveil budgets for 2010

Information represents step forward in push for transparent government BEIJING - Four ministries have made public their annual budgets for 2010 after the central government pledged to tell taxpayers how their money is spent. The Ministry of Finance (MOF), the Ministry of Housing ...

Minimum wage gets pushed to 900 yuan

The minimum monthly wage for workers in the capital will edge up to 900 yuan a month in July after languishing at 800 yuan since 2008, but some of the poorest people in Beijing are complaining that the move will not help them. "The minimum wage in Beijing will be raised by more ...

Wen vows to deepen China's income reform

BEIJING - Chinese Premier Wen Jiabao has pledged to further reform of income distribution to narrow the gap between rich and poor and secure social stability. In an article published Thursday in Qiushi, or "Seeking Truth," the official magazine of the Communist Party of China ...

UN to raise $374m to assist China's development

BEIJING: The United Nations and the Chinese government on Thursday issued a working guideline which encourages China to promote sustainable development, improve poor people's lives and bolster international cooperation. According to the Development Assistance Framework 2011-2015, ...

China pledges more imports to optimize trade with S Africa

PRETORIA: China has pledged to import more value-added products from South Africa to optimize bilateral trade. Top Chinese political advisor Jia Qinglin made this pledge on Wednesday when he delivered a key-note speech at the China-South Africa Economic and Trade Forum in ...

China gives loan to Bolivia for regional development

LA PAZ: The Chinese government will provide a loan of more than $67 million to boost the development of the Bolivian department of Oruro, the local government said Wednesday. The money, to be disbursed in the form of concessional credit, will mainly go to the project of Oruro Dry ...

Yuan appreciation can't redress trade imbalance

BEIJING - The United States' controls on exports to China have exacerbated the bilateral trade imbalance, and yuan appreciation will not solve the problem, China's Commerce Minister Chen Deming said Tuesday. Chen was commenting on the yuan exchange rate issue for the second time ...

China's CPI to rise 3.2% in 2010

Chin's CPI will rise 3.2 percent in 2010, Beijing Times reported Tuesday, citing an expert with the State Information Center. This year's CPI growth will be mild and will focus on the food and housing sectors. The peak is expected to appear in the June-July period, according to ...

China becomes world's largest exporter

The World Trade Organization (WTO) has confirmed that China has edged out Germany to be the world's biggest exporter in 2009, accounting for 10 percent of the global export, the Ministry of Finance (MOF) of China announced in its website on Monday. The MOF website also cited WTO ...

Interest rates may rise in April

China's central bank might raise interest rates in early April, analysts said, basing their judgment on the 2.7 percent CPI rise in February, the Securities Times reported. The current interest rate is 2.35 percent, lower than February's CPI rise, which means the country's actual ...

China's natural gas market on fast track

QINGDAO: China would need 200 billion cubic meters of natural gas in 2015, doubling the 2008 level, Liu Xiaoli, a senior researcher at the energy research institute under the National Development and Reform Commission, predicted Monday. The nation's annual demand for the clean ...

Power companies in the red

China's power industry has again reported losses in February, an official said at a meeting held Saturday, Monday's China Securities Journal reported. Liu Nanchang, director of the Bureau of General Affairs with State-owned Assets Supervision and Administration Commission (SASAC)...

China economy expected to grow 12% in Q1

SHANGHAI: China's annual economic growth will reach 12 percent this quarter, a government researcher said in remarks published on Monday, as economists ratchet up growth forecasts following strong industrial output growth last month. Yu Bin, head of macroeconomic research at the ...

Chinese official says China-US trade is win-win game

A sound and stable China-US economic and trade relationship is more important than ever and the trade between the two countries is a win-win game, said Chinese Vice Commerce Minister Zhong Shan in an article published on Friday's Wall Street Journal. "China-US trade and economic ...

Derivative transaction will be important part of China's financial market: expert

CHICAGO - Derivative transaction will become an important part of China's financial market in the future, said a financial expert on Thursday in Chicago. Eugene Zheng, Managing Director of Asia Affairs at Chicago Board Options Exchange (CBOE), made the statement during his speech ...

China has 'sufficient labor pool for next 40 years'

BEIJING: Although facing an aging population, China will be able to maintain its development thanks to a sufficient labor supply for at least the next 40 years, a counselor to China's Cabinet on population issues has assured. Relaxing the one-child rule in cities is not necessary ...

Employees in Rio Tinto case appeal terms

SHANGHAI - Three of the four employees of mining giant Rio Tinto who were jailed by a Shanghai court last month for taking bribes and stealing commercial secrets have decided to appeal their jail terms, their lawyers said Wednesday. But Stern Hu, the Australian national who ...

China vows to crack down on mine safety violations

BEIJING - Chinese government on Wednesday ordered local mine safety regulators to crack down on safety violations in mines and other high-risk work places to "resolutely" prevent further tragedies in the wake of "many serious accidents" and heavy life losses. The recent coal-mine ...

China to spend $2.2b more in sewage treatment

HEFEI - China will spend 15 billion yuan ($2.2 billion) in the first half of this year to beef up sewage treatment facilities as the nation works to clean up its environment, an official said Wednesday. Wang Shancheng, deputy director of the resource saving and environmental ...

188 newspapers exit market in 2009 restructuring

SHENYANG - A senior Chinese publication official said Wednesday 188 domestic newspapers and periodicals exited from the market in 2009, as authorities' stepped up efforts to optimize the structure of the media industry. Liu Binjie, director of the General Administration of Press ...

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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