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China may avoid US-style home crash

SYDNEY - Jeremy Grantham, who correctly predicted US stocks would lose money in the past decade, said China's "experimental" approach to reining in asset bubbles may help it avoid a US-style housing market crash. China's lawmakers have raised down payment requirements and ...

China's bank regulator sees growing real estate risks

China's banking regulator said it sees growing credit risks in the nation's real-estate industry and warned of increasing pressure from non-performing loans. Risks associated with home mortgages are growing and a "chain effect" may reappear in real-estate development loans, the ...

ADB to offer loans for wastewater treatment in China

MANILA: The Asian Development Bank (ADB) is providing equity and loans of up to $146.6 million to help improve water supply and wastewater treatment at the polluted Songhua River Basin in northeast China, according to the ADB Tuesday. The equity and loans will be offered to ...

CBRC: Some banks trying to circumvent capital requirements

Some banks in China have transferred loans off their balance sheets in an effort to circumvent regulatory requirements and capital and loan-loss provisioning, the China Banking Regulatory Commission (CBRC) said Tuesday. Banks have been issuing wealth management products backed by ...

China eyeing major Greek investments: report

China is eyeing investments valued at several billion euros in Greek shipping, logistics and airport projects, as the European nation battles to slash its massive debt, a report said Tuesday. The news came as Moody's downgraded Greek debt on Monday night by four notches to junk. ...

Rental rise in Beijing as potential buyers shelve plans: report

BEIJING: Rental housing costs in Beijing are rising, even as government measures announced in April dampen transaction volume, partly due to prospective home buyers suspending purchase plans and continuing to rent, Monday's Beijing Evening News reported. The average rent in ...

More housing construction urged

BEIJING - Officials from the land and housing management bureau in South China's Guangzhou city said on Sunday they will further increase the supply of low-rent housing to meet the demand of middle- and low-income residents. The bureau said it is also considering how to implement ...

Taiwan trade pact within reach

Beijing - The mainland reached a basic consensus with Taiwan on Sunday over the main plank of a landmark trade pact, after experts from both sides finished the third round of negotiations in Beijing. Both sides are largely in accord on the main content of the agreement, including ...

China orders local governments to ensure repayment

China ordered local governments to ensure repayment of debts by their financing units and concentrate on completing projects already under way. Financing units that fund only public projects and rely on fiscal income to repay debt should stop spending, the State Council said in a ...

Beijing vows to extend medicare coverage to all

BEIJING -- Beijing Saturday launched a medicare reform vowing to increase medical resources so as to cover the city's 17 million permanent residents into its medicare system. Mayor Guo Jinlong said the city government has earmarked 33.7 billion yuan ($4.9 billion) for carrying ...

Tackle local debt units, China tells banks, officials

BEIJING - Chinese officials and banks must clean up their financing of local government-backed investment units under rules unveiled on Sunday, marking Beijing's latest effort to tackle the mounting debt worries of these units. The State Council, or cabinet, issued a directive ...

Mainland, Taiwan start 3rd expert-level talks on economic pact

BEIJING -- Experts from the Chinese mainland and Taiwan Sunday started their third round of talks in Beijing to pave the way for a long-awaited pact to boost cross-Strait economic ties. During the talks, the two sides will discuss the main content of the Economic Cooperation ...

China expects big fall in trade surplus this year

BEIJING - China's trade surplus would likely fall noticeably this year as exports outlook would not be optimistic while imports would remain robust, Ministry of Commerce spokesman Yao Jian said at a briefing Saturday. Exports growth would slow after July, Yao forecast, adding the ...

China May economic data complicate future policymaking

BEIJING - Economic data for May released Friday showed that China saw rising inflation and slowing economic growth, indicative of what the "the most complicated year" meant for the country's economy. Experts said the mixed bag of economic data would make it difficult for China's ...

Housing price falls likely as cooling measures bite

BEIJING - Measures to rein in China's soaring home prices are beginning to see results, and price declines are expected in later half of the year, say economists and market watchers. The recent fall in trading volume and slower growth in prices was largely a result of the ...

Taiwan trade pact talks near completion

BEIJING - Negotiations on the long-awaited Economic Cooperation Framework Agreement (ECFA) between the Chinese mainland and Taiwan have made pronounced progress and are approaching completion, said a Taiwan affairs spokeswoman Saturday. Fan Liqing, spokeswoman of the State ...

US yuan bill would be against WTO rules: China

BEIJING Proposed US legislation aimed at punishing China unless it lets the yuan rise would not be in line with World Trade Organization rules, China's Ministry of Commerce said on Saturday. US Senator Charles Schumer said on Wednesday he and other colleagues would push for a ...

Official calls for transforming growth pattern

HARBIN - A senior Chinese official has called for efforts to speed up the transformation of the nation's economic development pattern. Li Changchun, a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, urged more efforts to ...

Service industries' receipts on rise in HK

HONG KONG - The Census and Statistics Department of Hong Kong said on Friday that the city's business receipts in value terms of all major service industries showed increases in the first quarter when compared with the same period last year. The year-on-year increase was more ...

China to tackle yawning wealth gap by hiking minimum wage

BEIJING: With four major cities and provinces increasing their minimum monthly wage to more than 1,000 yuan ($147), China is restructuring its national income distributions to ensure a more equitable distribution of income to help create a more stable society. The government of ...

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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