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US sets preliminary penalties on Chinese drill pipe

WASHINGTON: The US Commerce Department Tuesday set preliminary countervailing duties on imports of some $119.2 million drill pipe from China, a move might escalate trade disputes between the two countries. The department said in a statement that it "preliminary determined that ...

Technological boost to harvest less-expensive veggies, fruit

Beijingers might soon be able to buy half-price imported fruits and vegetables after the first international logistics site opens at the city's biggest outdoor market. AgraForUm AG from Germany, Pomina from Taiwan and another eight large-scale distributors worldwide will sell ...

EU shouldn't levy tax on Chinese airlines: Official

BEIJING - China's civil aviation industry urged the European Union not to hit developing nations with the carbon tax that it wants to impose on flights in and out of Europe starting in 2012. The EU has planned to include the aviation sector under its Emissions Trading Plan in ...

Govt mulls subway price hike

Beijing municipal government is studying a proposal from the city's political advisers to raise subway ticket prices in a bid to reduce congestion. The annual session of the Beijing committee of the Chinese People's Political Consultative Conference, held in January, saw advisers ...

PBOC restates relatively easy monetary policy

BEIJING - China's central bank reiterated on Tuesday it would continue to implement the relatively easy monetary policy according to changing situations in a bid to facilitate the ongoing development mode transformation, as well as reinforce the country's sound and relatively ...

2010 China Commodities Fair opens in Kazakhstan

ALMATY: The 2010 China Commodities Fair in Kazakhstan opened Monday at the Adakent Exhibition Center in Almaty, the biggest city of Kazakhstan. The fair, organized by the Chinese Ministry of Commerce, the Government of Xinjiang Uygur autonomous region and the Xinjiang Production ...

China adopts new policy to attract foreign talents

BEIJING: China's central authorities have set down a more open policy to attract top-notch foreign talents to help promote the economic and social development and global competitiveness of the nation. According to the newly unveiled National Medium and Long-term Talent Developmen...

Electric blankets face stiff US duties

BEIJING - The United States announced preliminary anti-dumping duties on Chinese-made electric blankets on Monday, despite a consensus against trade protectionism being claimed as the Toronto G20 summit's main achievement just the previous day. Analysts anticipate that such cases ...

China to sell sugar reserves to make up possible short supply

BEIJING - China's top economic planner and ministries of commerce and finance said Tuesday the government would sell 100,000 tons of sugar from state reserves on July 6. The stocked sugar was to be sold via public auction with the base price set at 4,000 yuan ($588.3) per ton, ...

Mainland's Taiwan affairs chief hails economic pacts

CHONGQING - The Chinese mainland's Taiwan affairs chief Wang Yi on Tuesday hailed the signing of two agreements between the mainland and Taiwan as a "milestone" in the peaceful development of cross-Straits relations. Wang, head of the State Council's Taiwan Affairs Office, made ...

China to regulate SOE wages

China is to "strictly" regulate wages of monopoly State-owned enterprises (SOEs) that have hefty revenues, the xinhuanet reported Tuesday. This was included in the bundle of suggestions submitted by the Ministry of Human Resources and Social Security in its report to the 15th ...

Mainland, Taiwan negotiators sign economic pact

CHONGQING - Chinese mainland and Taiwan negotiators signed the long-awaited Economic Cooperation Framework Agreement (ECFA) in Chongqing Tuesday afternoon, a move hailed by many as a milestone in cross-Strait relations. Aiming to establish a systematic mechanism for enhancing ...

Mainland, Taiwan sign agreement on IPR protection

CHONGQING - Chinese mainland and Taiwan negotiators signed an agreement on intellectual property rights protection here Tuesday. The mainland and Taiwan will increase exchange and cooperation to boost protection of patents, trademarks, copyright and plant variety rights (PVR), ...

US slaps punitive penalties on Chinese woven electric blankets

WASHINGTON: The US Commerce Department Monday set final antidumping duties (AD) on imports of some $55.92 million woven electric blankets from China, a move might escalate trade disputes between the two countries. "Commerce determined that Chinese producers/exporters have sold ...

CPI target well within reach, say economists

BEIJING - Though China's consumer inflation is likely to peak in the third quarter of this year, the effective administrative price-control measures and a more flexible yuan will help ease inflation pressures, economists said on Monday. At the same time, economists were not too ...

China imposes anti-dumping duties on EU fasteners

BEIJING - China said Monday it would impose anti-dumping duties on certain iron or steel fasteners imported from the European Union (EU) beginning Tuesday. "China decided to impose anti-dumping duties ranging from 6.1 percent to 26 percent on imports of certain iron or steel ...

Crackdown on local debt may restrain economy: CICC

China's efforts to contain the risks from a surge in local-government debt may hurt growth in the world's third-biggest economy, investment bank China International Capital Corp said. A report by the chief auditor last week indicated officials may take "relatively forceful ...

European debt crisis may hurt China's exports

China's exports after June or July may feel the effect of the European debt crisis, China Business News reported Zhao Jinping, a researcher at State Council's development and research center, as saying. The Asian country's foreign trade will maintain growth of about 20 percent ...

Keep eye on local debt, experts warn

Beijing / Toronto - The debts of local Chinese governments are not huge or risky enough to evolve into a crisis like the one sweeping Europe, but the situation does deserve attention, economists at home and abroad have said. They also suggested the Chinese government develop a ...

Revising IMF quotas crucial to China

TORONTO - China said on Saturday that it expects to finalize its consultations on the International Monetary Fund (IMF)'s quota reform with G20 partners before the G20 Seoul summit in November. "It's our belief that the reform of the IMF, particularly its quota reform, is ...

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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