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China inflation rises as housing, food costs jump

BEIJING - China's inflation accelerated in April and housing prices rose at a record pace, but analysts said Beijing is likely to avoid an immediate interest hike that might slow the recovery of the world's third-largest economy. April consumer prices rose 2.8 percent from a year ...

PBOC says Europe's debt crisis poses challenge to economy

BEIJING: China's central bank warned Monday the European debt crisis might pose a challenge to the world economy and that China faces rising inflationary pressure. Europe's debt crisis, which affected directly economic growth in the Euro zone, had created major uncertainties for ...

Experts worry developers won't start new projects

Lack of construction could push up prices all over again BEIJING - China's property prices will stabilize in the second quarter of this year due to the government's tightening of real estate policies and attempt to improve imbalances between supply and demand, industry experts ...

West yet to embrace China on global governing: analyst

SHANGHAI - Despite China's fast economic growth, western countries are not prepared to change the mechanisms of global governance to accommodate the emerging nation, an analyst said at the Shanghai Expo on Monday. James Kynge, editor of China Confidential, a Financial Times ...

Housing policy cools related industries

China's property market has slowed down under tightening policies, and this has begun to cool off related sectors such as the steel, cement and home furnishing industries, the China Business News reported Monday. China's real estate sector is the largest consumer of its steel ...

Anti-dumping measures on chloroprene rubber under review

China started Monday to review anti-dumping measures it imposed in 2005 on chloroprene rubber imported from Japan, the United States and the European Union, the Ministry of Commerce (MOC) said. MOC will examine the possibility of recurrence or continuity of dumping actions and ...

Hainan officials rule out bubble burst

Some officials in South China's Hainan province admit there is bubble in the region's property-driven economic growth, but rule out the possibility of a bubble crash, the chinanews.com.cn reported yesterday. The tropical island's GDP grew 25.1 percent year-on-year in the first ...

Foundation's starring role in Chinese charity

Shanghai: An entrepreneur buying cultural relics may be regarded as a collector, but Maurice Greenberg, former American International Group Inc head and current chairman of C.V. Starr & Co, does so more as an exercise in charity. Indeed, acts including his repurchase of the ...

Iron ore prices may increase, CISA declares

SHANGHAI - Prices of iron ore, trading near a two-year high, may continue to climb and lead to production cuts and losses for Chinese steelmakers. The raw material price may keep rising in the second and third quarters, Deng Qilin, chairman of the China Iron & Steel Association, ...

No change to China's foreign investment policy

BEIJING: China's policy of actively attracting foreign investment will not change, said vice minister of commerce Ma Xiuhong Friday. The Ministry of Commerce will keep working to maintain a good investment environment for foreign companies, said Ma during a discussion with ...

Govt pledges support for FDI

BEIJING - China regards all foreign enterprises with operations in the nation as equal with their local counterparts, and the government will make all efforts to assist and support foreign businesses, Ma Xiuhong, vice-minister of commerce, said on Friday. Ma made the remark ...

'Measures to cool property already working'

Beijing - The skyrocketing prices of property could harm the financial security and social stability of the nation, a senior housing official warned on Friday. Qi Ji, vice-minister of housing and urban-rural development, made his remarks in response to claims made by his ...

Yunnan Copper to raise output

China's Yunnan Copper plans to increase production capacity at its unit in the southern province of Guangdong to 500,000 tons in three to five years, a senior company executive said on Friday. The first phase of the plant, with an annual capacity of 100,000 tons, is scheduled to ...

China may add aluminum capacity on lower costs

China may add 2 million to 3 million tons of aluminum smelting capacity this year, said Wen Xianjun, deputy head of the China Nonferrous Metals Industry Association. Investment in aluminum smelters in China, the world's largest producer, hasn't slowed in the face of growing ...

China's demands keep South Africa mines booming

JOHANNESBURG - Demand from China is one of the reasons for South Africa's total mining production rising for a third successive month in March, according to figures released on Thursday by Statistics South Africa. Growth was boosted particularly by demand from China and other ...

WB lends China $350M on food safey, road project

BEIJING - The World Bank Friday announced it had approved two loans totaling US$350 million to help China enhance food safety and improve roads in the country's northwest. A food safety project in northeast China's Jilin Province, one of the country's major agricultural provinces...

China's cultural market booming after reform

BEIJING - China's cultural reform has been paying off as more profitable companies contribute to the market's soaring capital assets, according to a report by the National Bureau of Statistics. By the end of 2008, the report said, 1,396 cultural groups -- up from 430 in 2004 -- ...

Official urges to expand cross-Strait trade

BEIJING - China's top political advisor, Jia Qinglin, Friday called on the Chinese mainland and Taiwan to work together to deepen economic exchanges and cooperation. Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made ...

China may expand scope of real estate tax before May 20

China may issue regulations on widening the scope of the real estate tax (also known as property ownership tax) before May 20, an unnamed expert told the 21st Century Business Herald, but an official from the country's taxation bureau declined to comment on this matter. The ...

Summer Davos Forum attracts record number

Around 173 participants from 34 countries and regions have registered to take part in the Tianjin 2010 Summer Davos Forum, including dozens of Fortune 500 companies, international financial institutions and major media. This is the largest number of registered participants in 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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