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China hosting major talks with Europe, US

BEIJING - Top officials of the Communist Party of China (CPC) are holding discussions with more than 50 visiting party leaders from Europe on Monday on how to cope with global financial and climate woes. Organized by the International Department of the Central Committee of CPC, ...

China commerce ministry cautious about trade outlook

BEIJING - China faces complex trade situations this year in the midst of the global financial crisis, which might crimp external demand for Chinese goods, Vice Commerce Minister Zhong Shan said on Friday. As a result, China cannot be blindly optimistic about its export outlook ...

US to raise IPR issues with China

WASHINGTON - The United States will continue to pressure China on strengthening its intellectual property rights (IPR) protection and adjusting some industrial policies during the bilateral talks, US Trade representative Ronald Kirk said on Tuesday in Washington DC. Washington's ...

China says too early to exit fiscal stimulus

BRUSSELS -- It remains too early for China to carry out an exit strategy by phasing out fiscal stimulus, Chinese Minister of Commerce Chen Deming said here on Friday."There are still a lot of uncertainties in the world economy. Therefore we believe it is too early for us to talk ...

Lack of rain results in poverty for many

BEIJING - The worst drought in six decades in Southwest China has plunged more than 2 million people back into poverty, the country's poverty alleviation body has said. The drought, which lasted for six months, has led to a direct economic loss of more than 35 billion yuan, ...

No GM promise cuts no ice with dairy companies

Greenpeace China urged companies that have yet to promise not to use genetically modified (GM) ingredients to change their attitudes and address consumers' concerns, after it publicized almost 200 brands that failed to make the promise on Thursday. Greenpeace quoted a survey ...

Companies out to hire 'connected' Party officials

SHANGHAI - Twenty-five private enterprises in Wenzhou in East China's Zhejiang province have gone on a rare, joint recruitment drive for corporate-level Party secretaries "with connections". The companies based in the private capital powerhouse of the country, Wenzhou, are trying ...

Govt cracks whip on rare earth mining

Beijing - China will launch a five-month nationwide crackdown on illegal mining of rare earth starting next month in a major bid to protect its valuable resources. Wang Min, vice-minister of land and resources, said at a video conference on Thursday that the ministry will set up ...

Cross-Straits fair boosts Taiwan goods

Fuzhou - Born and raised in Taiwan's Kaohsiung city as a Fujian descendant, 46-year-old Siu Shu-mian was happy that her first trip to her original family home was to promote Taiwan specialties to mainland people. Acting as the board chairman of a Taiwan department store, Siu was ...

Golf course or teeing ground?

Shanghai - Two golf courses covering nearly 66 hectares are being built on protected wetland in Yangzhou city of East China's Jiangsu province, despite the central government's ban on using land for golf courses. An 18-hole golf course named Sun Island, located in Runyang Wetland ...

'Severe graft' hits building industry

BEIJING - The country's construction sector has been hit with rampant corruption as the economic recovery fuels an overheating property market, the vice-minister of supervision has said. From October last year to the end of April this year, 5,241 people, including officials and ...

China urges US to reform export control system

BEIJING - China wants the United States to reform its control system for exports and increase transparency for investment approvals, Vice Commerce Minister Ma Xiuhong said on Thursday. Ma made the comments during a meeting with US Commerce Secretary Gary Locke who is visiting ...

China may need rate hike if asset prices rise - ADB

TOKYO - China has taken appropriate steps to tighten its monetary policy but it may need to raise interest rates if the country's real estate market continues to show signs of overheating, the Asian Development Bank's head said on Thursday. ADB President Haruhiko Kuroda told a ...

China home transactions falling in some cities

Home transactions in some Chinese cities began decreasing in mid-April, China's top economic planning body said. Prices have plateaued in some cities and specultors are exiting the property market, the National Development and Reform Commission said on its website. China has ...

More low-income housing urged

Beijing - The central government has urged provincial governments to step up efforts to ensure the supply of affordable housing by holding top provincial leaders accountable for the task. The move is seen as another major effort by the central government to address the housing ...

Residential houses priority for Yushu reconstruction

BEIJING - The Chinese government has given priority to the rebuilding and repairing of residential houses during post-quake reconstruction in northwestern Yushu. A 7.1-magnitude earthquake struck Yushu Tibetan autonomous prefecture in Northwest China's Qinghai province on April ...

China to stick to policy of opening up, minister says

VIENNA - Visiting Chinese Minister of Commerce Chen Deming stressed here on Wednesday that China will continue to stick to the policy of opening up and protecting the legitimate rights and interests of foreign-invested enterprises (FIEs) in the country. Speaking at a joint press ...

China wants yuan exchange rate 'stable'

VIENNA -- Chinese Minister of Commerce Chen Deming stressed Wednesday that, especially under the current financial crisis, the exchange rate stability is the most important, which is not only a national responsibility, but also a responsibility for the world economic recovery. At ...

SED set to sidestep yuan strength

Bilateral meet to discuss high-tech export controls, protectionism BEIJING - China's currency policy is unlikely to be a major issue at next week's high-level dialogue between Chinese and the US officials as pushing too hard over yuan appreciation would do little to break the ...

REITs plan submitted for final approval

China's plan to launch real estate investment trusts (REITs) has been submitted to the State Council for final approval after eleven ministers all gave it a green light, sources familiar with the matter told China Daily on Wednesday. "If everything moves on smoothly, the first ...

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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