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China State economist sees no big slowdown

BEIJING: China is experiencing a "slight slowdown" in growth but remains on track to achieve a 9.5 percent rise in GDP this year, a prominent government economist said in remarks published on Monday. Lu Zhongyuan, a deputy director of the State Council Development Research Center...

China's HSBC Services Index falls to 15-mth low

A Chinese services industry index slid to a 15-month low in June, adding to signs that the world's third-biggest economy is cooling. The measure fell for a third month to 55.6 from 56.4, HSBC Holdings Plc and Markit Economics said in an e-mailed statement. Today's data adds to ...

NE industrial bases may face multiple challenges

SHENYANG - With the implementation of a policy to create more sustainable economic growth as set by the Chinese central government, the country's three northeast provinces, where the old industrial bases are located, may encounter multiple challenges during this economic shift. ...

SAFE uncovers $7.35b of hot money inflows

An investigation into this year's speculative "hot money" inflows uncovered 190 cases involving $7.35 billion of funds, a senior official of the State Administration of Foreign Exchange (SAFE) said. In an undated interview with The People's Daily posted on the newspaper's website ...

Officers placed under spotlight for corruption

Beijing police are turning their eyes inward for a month-long internal investigation that aims to expose and punish corrupt cops. The crackdown began Friday July 2 and will last for the month. In particular, authorities will be sniffing out cases of abuse of power with regards to ...

District merger in Beijing might mean job cuts

Restructuring and consolidation plan to target congresses, courts "I do not worry about my post. I think it will not be cut", said Li Yuhe (not his real name), an official with the people's court of Chongwen district. His court will merge with that of Dongcheng district amid the ...

Finding talent for new energy

BEIJING: Log on to the website of Zhaopin.com, one of the largest online human resources service providers in China, and you can easily find many recruitment advertisements for different new energy firms in businesses ranging from wind to solar. These companies include well-known ...

Real estate prices may drop in Q4

China's overheated real estate market may see a big change and the property prices will drop in the fourth quarter of this year after a series of tightening measures to cool down the market, Xu Shaoshi, minister of land and resources said Sunday. "Currently the real estate market ...

Land minister says home prices face correction

China's property prices will likely see a correction in about three months, Securities Times cited Xu Shaoshi, minister of Land and Resources, as saying. The nation's current market sales volumes are falling and prices are stagnant, Xu said, according to the report.

China academic sees Q2 growth at 10.6%

China's second-quarter economic growth may be 10.6 percent, the Securities Times reported, citing Pei Changhong, director of the institute of finance and trade economics at the China Academy of Social Sciences. The nation's economy may grow 10.1 percent in the third quarter, 9.3 ...

China exploring new approaches to protect environment: minister

NANJING - China's government is exploring new approaches to protect the environment and to deal with the heightening conflict between environmental protection and economic growth, said Zhou Shengxian, Environmental Protection Minister, Saturday. China took only 30 years to have ...

US lawmakers urge probe of Chinese steel investment

WASHINGTON - A bipartisan group of 50 US lawmakers called on Friday for an investigation into whether a Chinese investment in the US steel sector should be blocked on national security grounds. The Congressional Steel Caucus, in a letter to Treasury Secretary Timothy Geithner, ...

EU to probe Chinese wireless modems

Industry group calls for level playing field for 'extremely shocked' firms BEIJING - A top Chinese industry group on Friday urged the European Union to provide a level playing field for Chinese IT firms after the EU launched an anti-dumping investigation into a type of wireless ...

Chairman of CIC to visit Egypt

CAIRO - The chairman of China's sovereign wealth fund, which manages $300 billion in assets, will visit Egypt to discuss infrastructure and other possible investments in the Arab world's most populous nation, a minister said on Tuesday. Egypt, whose economy has kept growing at ...

BofA: Salary gains to damp capital spending

SHANGHAI - Investors should sell shares of Chinese cement and metal companies as increases in labor costs will curb capital spending in those industries, according to BofA Merrill Lynch Global Research. "We believe the market may have underestimated the negative impact on ...

Express trains to replace CHR

Higher ticket prices may lead passengers to travel by coach SHANGHAI - A total of 25 round-trips on high-speed railway trains running between Shanghai and Nanjing will be cancelled from July 1, when express trains begin operations between the two cities, said a spokesman for the ...

Legislature adopts law on protection of oil pipelines

BEIJING - China's top legislature Friday endorsed a law on the protection of oil and natural gas pipelines and the amended Administrative Supervision Law, among others, at its bimonthly session. A report on the 2009 central budget submitted by the State Council, or Cabinet, was ...

Virtual tour planned for grottoes site

DUNHUANG, Gansu - A multi-media presentation offering a tour of Mogao grottoes is to replace a large part of the actual tour in 2012 to protect the site as part of China's cultural heritage, officials in Dunhuang, Northwest China's Gansu province announced. The display of the ...

Shanghai among world's most expensive cities to live in

East China's metropolis of Shanghai has been listed as one of the 50 most expensive cities in the world to live in, according to the latest cost of living data from ECA International. Shanghai dropped 18 places to 46th position in the 2010 global ranking, with Tokyo reclaiming ...

Police show red card to illegal Cup gamblers

Guangzhou - Police in Guangdong province have pledged to give the boot to more gambling gangs, as they intensify a crackdown that has already netted several illegal operations during the FIFA World Cup. In addition to breaking up several major gambling gangs, investigators ...

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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