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Nation feels pressure from inflow of capital

But senior economist says that this is not necessarily "hot money" BEIJING - China is facing increasing pressure from capital inflows due to increasing foreign direct investment and capital brought in by commercial banks, its foreign exchange regulator said on Friday. But a ...

China, US to hold 2nd strategic and economic dialogue

BEIJING: China and the United States will hold the second round of strategic and economic dialogue in Beijing in late May, said Chinese Foreign Ministry spokeswoman Jiang Yu on Tuesday. US Secretary of State Hillary Clinton will come to exchange views with China on strategic ...

China GDP set to grow 9.5% this year

BEIJING - The Chinese economy will grow by 9.5 percent this year, helping it overtake Japan as the world's second-largest economy, but the risk of an asset bubble remains a serious challenge for the country, a report from a United Nations agency said on Thursday. The report also ...

China Q2 GDP seen growing 10.7%

China's GDP is expected to grow an annual 10.7 percent in the second quarter, while the consumer price index is expected to rise 4.2 percent, a government think tank said in a report published on Friday. The State Information Center also recommended in the report published in the ...

A melon festival to focus on industrial development

Daxing district, famous for its watermelons, will hold its 22nd annual watermelon festival from May 28 to June 1 - but with a big difference in its theme. Instead of focusing on promoting just the fruit, the festival will focus more on industrial development, said Tan Xuxiang, ...

Market-cooling measures have desired effect

SHANGHAI - The introduction of various market-cooling measures by the central government over the past few weeks seems to have stunned speculators, causing many potential homebuyers to hold off on taking the plunge of buying a house. And some developers, saddled with heavy debt, ...

Door slams on city's first 'capsule apartments'

The city's first capsule apartments, which were built by a 75-year-old retired engineer in April, are facing a mini-wrecking ball after the city released new regulations that effectively outlaw them. The draft rules for housing rentals were posted on the Beijing municipal ...

Homebuyers bide their time as gov't to cool housing market

Wu Hao was not worried when he heard about the government's new measures to cool the Chinese property market -- even though he bought his 55-square-meter Beijing apartment only last year. "I would love to see a price decline, and then I could buy another apartment. But I don't ...

Developers turn to Hong Kong as lending curbed

Mainland's biggest developers are borrowing record amounts in Hong Kong, taking advantage of lower interest rates to circumvent a lending crackdown at home. While banks demand at least 5.2 percent in annual interest for three-to-five year money in the mainland, the cost of credit ...

More people are reading on screens, not on paper

Digital publishing rakes in more money than traditional printing BEIJING - The value of the digital publishing industry surpassed that of the traditional publishing industry last year for the first time in China, according to a blue book on the cultural industry released on ...

US sets penalties on Chinese copper pipe, tube

WASHINGTON - The US Commerce Department said on Thursday that it has set preliminary antidumping duties (AD) on imports of certain seamless refined copper pipe and tube from both China and Mexico. The department said in a statement that it "preliminary determined that Chinese and ...

China to step up crackdown on hot money - SAFE

China will step up its crack down on capital inflows to prevent the worsening of "asset bubbles," said Wang Xiaoyi, deputy head of the State Administration of Foreign Exchange. China will increase monitoring and strengthen controls on speculative capital coming into the nation, ...

UN report puts China's 2010 growth at 9.5%

BANGKOK - A United Nations report released Thursday said that China will gain an economic growth of 9.5 percent in 2010. The report titled "Economic and Social Survey of Asia and the Pacific 2010", an annual publication of the United Nations Economic and Social Commission for ...

Sewage industry likely to get fund boost

BEIJING - Industry specialists said they expect the sewage treatment industry to receive a total of 150 billion yuan ($21.97 billion) of new investment during the 12th Five-Year Plan (2011-16), according to an analysis in the Chinese-language 21st Century Economic Herald. More ...

'Iron hand' to help realize green goals

BEIJING - Premier Wen Jiabao on Wednesday vowed to realize the country's green goal to cut energy intensity by 20 percent between 2006 and 2010, amid the strong economic recovery. In a nationwide video and teleconference, Wen told governments at all levels to work with an "iron ...

China's Hainan hopes to avoid property crash

HAIKOU - With new home prices rising by almost 20 percent a month, Haikou would seem to be the dictionary definition of a property market bubble. After China unveiled plans in late December to turn tropical Hainan island into an international tourist destination, tens of ...

China sells most corn on offer on shortage concern

China, the world's second-biggest corn consumer, sold most of the grain on offer in a series of auctions around the nation yesterday, indicating increasing concern that there may be a shortage. The State reserves sold 1.22 million tons, about 88 percent of the 1.39 million tons ...

China said to seek Brazil, US soybean oil supply

China, the biggest user of cooking oils, told State-owned trading companies to seek supplies of soybean oil from Brazil and the US, two company executives with direct knowledge of the matter said. The Ministry of Commerce told three companies, including Cofco Ltd, at a meeting ...

Property speculators yet to feel the heat

BEIJING - It looks it will take a while before government policies to cool down the real estate market have their desired effect on property speculators. According to the Chinese newspaper Economic Observer, the high-end property market in Beijing, which has some of the priciest ...

Collection of royalties may end free movies

BEIJING - Free movies may no longer be available in the country's Internet cafes or on long-distance buses starting May 15. But experts and Internet service providers have questioned the proposed rule on copyright royalty collection, which is forcing the move. The Film Copyright ...

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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