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China must keep macro-economic policy stable, flexible: official

SHANGHAI: China should maintain a stable and sustainable monetary and fiscal policy, and also leave room for necessary policy restructuring, deputy governor of the nation's central bank said on Saturday. "We should keep the policy flexible and leave room for adjustment," said Yi ...

Land reclamation from sea worthwhile?

With the exploding demands for land and skyrocketing real estate prices, land reclamation from sea has been a common solution to the land shortage in China's coastal regions in recent years. But experts warned it may bring irreversible environmental damage and cause unexpected ...

Beijing ranks 59th in global urban competitiveness

The Chinese Academy of Social Sciences released its Global Urban Competitiveness Report (2009-2010) in Nanjing, Jiangsu province on Friday. The report assesses and ranks competitiveness of 500 cities around the world. New York leads in terms of comprehensive competitiveness, ...

China to issue almost 1m tons of additional cotton import quotas

China will issue an almost 1 million tons in additional cotton import quotas, the China Cotton Association said in a statement on its website today. The government has also approved a plan to sell more cotton from state stockpiles and may offload 600,000 tons, it said.

China's money squeeze remains despite PBOC net injections

BEIJING - Even as the People's Bank of China (PBOC), the central bank, released 201 billion yuan ($29.56 billion) into the market this week via its open market operations, money supply remained tight in the interbank market, traders and analysts said.In this week's last open ...

Consumption in China may top Japan by 2015

CHENGDU - China may see its final consumption reach $5 trillion in value by 2015, surpassing Japan as the world's second largest consumer, a senior government official has projected.Wang Xuanqing, deputy director of the Department of Commercial Services Administration with the ...

Tibet's fourth civil airport opens

NGARI/CHENGDU - Southwest China's Tibet autonomous region, known as the "Roof of the World", on Thursday opened its fourth civil airport in farwest Ngari area, shortening a trip to the regional capital Lhasa to one and half hours from three or four days by car.An Airbus 319 ...

Wire decking from China not injure US industry: trade body

WASHINGTON - The United States International Trade Commission (USITC) decided Thursday to deny a ruling by the Commerce Department on final antidumping duties (AD) and countervailing duties (CVD) on imports of some $235.9 million wire decking from China. As a result of the ...

China to set up prices, competition agencies to curb market manipulation

BEIJING - China's National Development and Reform Commission (NDRC), the country's top economic planner, announced Thursday that it will establish two offices dedicated to preventing anti-competitive behavior in markets. The two offices, the Anti-Monopoly Office and the Market ...

China starts building 1st carbon capture project

China, the world's second-biggest energy user, started construction of its first carbon dioxide capture and storage project in Ordos in Inner Mongolia to reduce emissions. The project will cost 210 million yuan ($30.9 million) and will be able to hold 100,000 metric tons of ...

Tourists bank on weak euro

SHANGHAI - Married for less than two years, 29-year-old Zhang Jia, a secretary at a multinational company, is planning her second honeymoon because, as she said, a vacation in Europe now seems affordable after the rise in the value of the yuan against the euro. A typical group ...

Manufacturing expands slower than expected

Purchasing managers' index falls to 52.1 in June from 53.9 in May BEIJING - The purchasing managers' index (PMI), which measures the performance of the manufacturing sector in China, eased in June after growth prospects were dampened by curbs on home prices and bank lending along ...

China scraps tariff on 60% of imports from 26 African nations

BEIJING - China's Ministry of Commerce (MOC) announced Thursday that the country will cease levying tariffs on 60 percent of imports from 26 least developed African nations, including Ethiopia and Liberia. This policy went into effect July 1, an MOC spokesman said Thursday. The ...

China to improve access to finance for SMEs

BEIJING- China pledged Thursday to improve financial services for small and medium-sized enterprises (SMEs) by offering them better access to finance. The People's Bank of China (PBOC), China's central bank, outlined principles to facilitate the development of the country's SMEs ...

Chinese corn traders fined for mkt manipulation

BEIJING - Chinese authorities have fined some farm produce traders in Northeast China for conspiring to push prices higher, as the government strives to contain expectations for inflation.The National Development and Reform Commission (NDRC) said Thursday the traders, including ...

China's manufacturing expands at a slower pace

China's manufacturing expanded at a slower pace for a second month in June, adding to signs that growth in the world's third-largest economy is moderating. The Purchasing Managers' Index fell to 52.1 from 53.9 in May, the Federation of Logistics and Purchasing said in an e-mailed ...

Chinese provinces to raise minimum wages

At least nine Chinese provinces and cities will raise minimum wages from Thursday by as much as a third after Premier Wen Jiabao called on companies to create "harmonious employment relations" by gradually raising incomes last week. Beijing is increasing the lowest monthly salary ...

China 'mini-QFII' may launch this year

SHANGHAI - China may let Hong Kong subsidiaries of domestic brokerages and fund managers facilitate investments of offshore yuan deposits back into mainland capital markets in a pilot scheme as soon as this year, local media said on Thursday. Under the scheme, dubbed "mini-QFII", ...

High property prices still a big worry

Beijing residents still think the capital's housing is too expensive, despite the government's efforts and tough rules aimed at cooling the run-away housing market early this year. In a survey conducted by the Beijing Statistics Bureau during April and May, more than 98 percent ...

EU launches anti-dumping probe into China wireless modems

BRUSSELS - The European Commission on Wednesday launched an anti-dumping probe into wireless modems imported from China."The commission has at its disposal sufficient prima facie evidence that imports of the product concerned originating in the People's Republic of China are ...

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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