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Construction ban still par for the golf course

Golfing industry has huge potential despite laws against building greens BEIJING - Banned since 2004 in China for being "too bourgeois", golf-course construction has been secretly booming, senior land superintendents said on Tuesday. Li Jianqin, head of the law enforcement and ...

Massive aid program for Xinjiang

BEIJING - The Xinjiang Uygur autonomous region will receive more than 10 billion yuan ($1.47 billion) in economic aid next year from 19 provinces and municipalities designated as partners - part of the central government's latest effort to boost the region's growth. The national ...

Taiwan opens first tourism office on mainland

BEIJING - Taiwan Strait Tourism Association (TSTA) opened its first tourism office on the mainland here on Tuesday. At the opening ceremony, mainland-based Cross-Strait Tourism Exchange Association (CTEA) announced that it would open a counterpart office in Taipei on Friday. "The ...

Steel industry discusses how to forge ahead

Industry leaders will debate strategy for the steel sector during the sixth China International Steel Congress, to be held in Beijing from May 8-12. This year's congress will focus on development strategies in the post-crisis era and will call on industry leaders to review the ...

Chinese finance minister proposes for ADB future development

TASHKENT, Uzbekistan - Chinese Finance Minister Xie Xuren made three proposals to the Asian Development Bank (ADB) for its future development here on Monday. At a business session of the 43rd annual meeting for ADB Board of Governors that kicked off Monday, Xie said the ADB ...

Wild weather a concern for crop output

BEIJING - The central government is increasingly concerned over possible negative impacts to the country's agricultural output caused by the unusual climate, researchers said. A conference analyzing meteorological conditions in May and the potential negative impact on spring ...

Remuneration in GDP down for 22 years

The proportion of remuneration in China's GDP declined for 22 years from 1984 to 2005, according to a senior official of the country's trade union, the Beijing News reported Wednesday. Remuneration accounted for a record 56.5 percent in China's GDP in 1983, but the portion ...

Govt to collect more from state firms' profits

BEIJING - The Chinese government will collect more from State-owned enterprises' profits as the current payout level was "too low," the China Securities Journal reported Wednesday, citing a statement from the Ministry of Finance. The current profit payout level of 5 to 10 percent ...

Chinese home life industry taps business potential in UAE

DUBAI - A three-day fair and exhibition of Chinese home products opened Tuesday in the Dubai Airport Expo Center in the United Arab Emirates (UAE), with Chinese firms getting together to seek business opportunities in the Gulf Arab nation.Inaugurated by Chinese Consul-General to ...

China's first inland bonded area passes state check

CHONGQING - The first phase of China's first inland bonded area, in the southwest of the country, passed state appraisal on Tuesday, enabling it to open for business by the end of the month.An authentication team from the State Council examined the infrastructure construction, ...

Shanghai to levy property ownership tax on homes

Shanghai will reveal the details of its tightening real estate policies as early as the end of this month, including its long-debated property-ownership tax on multiple homes, Shanghai Securities News reported today. The property ownership tax is a tax on property based on its ...

Chinese steelmakers urged to build plants abroad

SHANGHAI - Chinese officials and experts Tuesday suggested the nation's steel producers set up plants abroad to avoid a rising number of international trade barriers.Opening steel mills in regions with abundant raw materials and strong market demand abroad would be easier than ...

US unlikely to grant China market economy status soon

Former trade official claims export controls not to blame for deficit BEIJING: The United States is unlikely to accept China's market economy status (MES) before 2016 and both nations should act according to World Trade Organization (WTO) norms when launching trade remedy cases ...

Free trade pact with Mongolia on the cards

BEIJING: China has initiated feasibility studies for a free trade agreement (FTA) with Mongolia to further strengthen bilateral trade ties between the two nations, a top official from the Ministry of Commerce said on Tuesday. "We're still in very initial stages of discussions," ...

City to get Asia's top e-biz center

China's top B2C (business-to-consumer) company 360buy.com plans to build the largest e-commerce distribution center in Asia by 2012, overtaking Amazon's facility in Tokyo. Liu Qiangdong, CEO of the company, said the new distribution center will occupy 300,000 sq m. A single ...

Survey shows house prices still too high

Almost 80 percent of people in Beijing expressed their preference to rent rather than buy a house, given the high property price, according to a recent report by the Beijing Social Facts and Public Opinion Survey Center. Among the 1,162 Beijing residents interviewed, 77.8 percent ...

On offer: 1 million yuan incentive to work in Beijing

Beijing is hoping to attract more than 200 top professionals from overseas - with a sign-on incentive of 1 million yuan - to work in selected industries in the city. A Beijing government plan, launched in June last year, aims to bring in 1,000 such professionals over a five-year ...

Beijing's housing prices dropped 8000 yuan

Beijing's residential housing prices dropped 8000 yuan per square meter on average a month after China issued tough property measures to cool the red-hot property market, the Beijing News reported Tuesday. According to Yahao Real Estate, a Beijing-based property brokerage firm, ...

Country's wealth divide past warning level

BEIJING - The Gini coefficient - a commonly used measure of inequality of wealth - has reached 0.47 in China, overtaking the recognized warning level of 0.4, government-affiliated experts have said. "The Gini coefficient in China has been continuously rising after it reached the ...

PBOC report signals currency policy change

China may revise its currency policy, as a central bank report said Monday it would manage the yuan "with reference to a basket of currencies", the Economic Information Daily reported Tuesday. The People's Bank of China said in a monetary policy report that it will improve the ...

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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