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China ranked fourth in travel spending

MADRID, Spain - China overtook France to occupy fourth place last year in the ranking of the world's top spenders on international tourism, the United Nations World Tourism Organization said on Wednesday. Chinese tourists splashed out $43.7 billion (298 billion yuan) on their ...

CISA gives up on ore pricing

BEIJING - China's steel lobby, China Iron and Steel Association (CISA), on Wednesday acknowledged that Chinese steel mills have signed individual deals with global miners, but said iron ore price negotiations have not ended. "Considering the operating pressure and difficulties of ...

Home prices expected to fall amid govt measures

BEIJING: Home buyers who can afford a one-off payment could save 2,000 yuan ($293) per square meter compared to a typical installment plan, a saleswoman surnamed Yang told Xinhua on Tuesday. "You can save about 80,000 yuan for a one-bedroom flat of 40 square meters," Yang said. ...

China vows to boost exports of cultural products

BEIJING: China's Minister of Culture Cai Wu has vowed to boost the nation's exports of cultural products to address the nation's deficit in cultural products trade. Figures from the ministry show average revenue from one foreign performance in China is ten times that of a Chinese ...

China completes 2nd undersea tunnel

QINGDAO - Major digging finished Wednesday on an undersea tunnel linking the east and west parts of Qingdao, a coastal city of east China's Shandong province, said local authorities. It is China's second undersea tunnel, with the first, which opened Monday to traffic, connecting ...

Mills allowed to reach private deals with mining companies: CISA

The China Iron and Steel Association (CISA), China's steel trade group, said steelmakers can reach private deals with ore producers, but the prices should only be temporary, hexun.com reported. Luo Bingsheng, vice-chairman of the CISA, told a press briefing Wednesday that steel ...

Jiangsu, Vietnam ink memorandum of economic co-op

NANJING: East China's Jiangsu province and Vietnam signed a memorandum on economic and trade cooperation at a China-Vietnam economic cooperation forum here Tuesday. According to the memorandum, Jiangsu and Vietnam will cooperate in investment, finance, tourism, industry and trade...

EU reviews anti-dumping duties on furfuraldehyde from China

BRUSSELS: The European Commission on Tuesday launched an expiry review to decide whether to extend the 15-year-old anti-dumping measures against imports of furfuraldehyde from China. "Having determined that sufficient evidence exists to justify the initiation of an expiry review, ...

Foreign trade rebound still fragile: ministry

BEIJING: China's Ministry of Commerce Tuesday made a cautious prediction for the outlook of the nation's foreign trade for the rest of the year amid the fragile global economic recovery. The rebound of China's overseas shipments in the first quarter can largely be attributed to ...

Financing remains a major hurdle for investing overseas

BEIJING: Difficulty in accessing financing remains the biggest problem for Chinese companies investing overseas, China's trade promotion body said Tuesday. In a report on Chinese enterprises' external investment released Tuesday, China Council for the Promotion of International ...

Beijing tops in transportation

Beijingers had mixed reactions to news that the capital has been declared China's "most competitive city" in terms of living environment. The ranking was reached in the 2010 Annual Report on Urban Competitiveness, a study released by the Chinese Academy of Social Sciences (CASS) ...

Europe debt crisis hurts China trade to region -researcher

SHANGHAI - The euro zone debt crisis may lead to a slower growth rate for China's exports to Europe over the next few months, a researcher at the Ministry of Commerce said in remarks published on Wednesday. "In April, the growth in exports to Europe still stood at 25 percent, but ...

Law fine-tuned against terror financing

BEIJING - China Tuesday outlined the prosecution standards for the crime of financing terrorism in a new regulation promulgated by the Supreme People's Procuratorate and the Ministry of Public Security. The regulation outlined prosecution standards for 86 economic crimes. Huang ...

Laws fine-tuned against loan, credit card fraud

BEIJING - China outlined the prosecution standards for criminal loan and credit card fraud in a new regulation promulgated by the Supreme People's Procuratorate and the Ministry of Public Security Tuesday. Cases of loan fraud involving the borrowing from banks of more than 1 ...

Prosecution standards clarified for insider trading

China's Supreme People's Procuratorate and the Ministry of Public Security on Tuesday issued new rules to clarify prosecution standards for insider trading and the leaking of inside information. Under the new rules, effective Tuesday, insiders who trade securities will be ...

WTO panel to probe EU antidumping duties on Chinese footwear

GENEVA - The World Trade Organization (WTO) on Tuesday set up an expert panel which would investigate and rule whether the European Union's antidumping duties on Chinese-made footwear violate global trade regulations. The panel was established following a second request made by ...

China says trade surplus to fall sharply in 2010

China's trade surplus in 2010 will fall steeply, commerce ministry spokesman Yao Jian told a news conference on Monday. He also said the yuan had been rising against the euro and that this would have an impact on Chinese exports. China recorded a $196.1 billion trade surplus last ...

Central bank issues 20b yuan one-year bills

China's central bank began to sell 20 billion yuan ($3 billion) of one-year bills on May 18. The bank injected 152 billion yuan to the money market through open market operations last week, ending the 11-week-long net reduction in the money supply, chinanews.com reported Tuesday. ...

Ministry wants India to be fair

BEIJING - China on Monday urged the Indian government to provide a fair and transparent investment environment for Chinese telecommunications firms and called for talks between the governments. The remark followed India's earlier move to stop approving imports of Chinese telecom ...

CLSA sees no housing bubble

China's housing market is fundamentally healthy, with strong demand led by owner-occupier purchases and therefore there is no risk of a housing finance bubble like what occurred in the United States, a senior analyst at CLSA said yesterday. "We challenge today's conventional ...

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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