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Experts say foreign investment to remain robust

BEIJING - Pressures that foreign companies may face in China for pay rises will not dampen their confidence about investing in the country, with the nation set to welcome a new wave of foreign direct investment (FDI) this year, according to a think-tank of the Ministry of ...

China's int'l payments surplus to remain high: official

China's surplus in its international payments will remain high this year, said China's State Administration of Foreign Exchange (SAFE), which issued the 2009 exchange management year-end reports on the official website Thursday. "China's imports and exports and foreign direct ...

CPI hits 19-month high but not all see tighter policy

BEIJING: China's consumer price index rose to a 19-month high in May, but a moderation of growth in factory production and capital spending could further ease worries that the world's third-largest economy runs the risk of boiling over. Consumer prices rose 3.1 percent in the ...

Beijing subway fare unchanged: official

Beijing will continue implementing its current "low-fare policies" on subways and light rails to further cement the positive outcomes it has achieved in encouraging more frequent use of public transportation, Qianlong.com reported, citing the city's economic planner. The Beijing ...

Chinese farmers lease their farmland, take advantage of govt policy

SHANDAN, Gansu - Li Yongfu is taking care of onions on the land behind his house he has tilled for decades. But this year the farm's output will have a new owner -- Wang Defu, the man Li leased his land to.Li is leasing his land to Wang for 30,000 yuan per year. But Wang is also ...

10,000 fake World Cup goods detected

Local customs authorities in Yiwu city in eastern China's Zhejiang province have detected more than 10,000 small commodities violating intellectual property rights (IPRs) related to the 2010 FIFA World Cup. Special Coverage:Business embraces World Cup.

China's economic growth to slow in 2H: economist

BEIJING - China's economic growth would slow down in the second half of this year, ending the double-digit increase in the first quarter, according to Xia Bin, a renowned Chinese economist, reported Saturday's China Securities Journal.China's gross domestic product (GDP) growth ...

Central bank urges flexibility in policies

BEIJING - China's central bank said Friday more flexibility would be allowed to guide money policies based upon changing circumstances if inflationary pressures increase during the economic recovery along with rising market confidence.The risk of higher prices may grow stronger ...

China to keep cost advantage: Minister

BEIJING - Rising wages in China's Pearl River Delta area have sparked concerns that the nation is losing its cost advantage and will lose orders, but Commerce Minister Chen Deming said the impact would be limited. "A small proportion of the contracts may be transferred to ...

Recent shutoffs won't start trend: Minister

TIANJIN - The country's top commerce official on Friday denied there was a nationwide surge in strikes, but maintained labor disputes that have hampered China's manufacturing assembly lines must be handled properly to avoid an impact on the economy. Minister of Commerce Chen ...

Yuan forwards head for biggest gain this year

HONG KONG - Yuan forwards headed for the biggest gain this year amid mounting calls for China to allow its currency to resume appreciation before leaders from the Group of 20 nations meet on June 26-27 in Toronto. The US Congress may push China to revalue the yuan if the nation ...

Currency is off limits at G20 summit

Chinese leaders will not discuss yuan-dollar rate in Canada: Official BEIJING - Discussions about the yuan-dollar exchange rate will not be on the agenda at the Group of 20 meeting in Canada next week, Chinese officials said on Friday. Zhang Tao, director of the international ...

China to send more computers to rural west

BEIJING: The Chinese government is to continue a project -- sending computers to the country's western rural areas in a bid to close the digital divide. According to a circular jointly released Thursday by five Party and government agencies, these computers will be specially for ...

WB predicts 9.5% growth for Chinese economy

BEIJING: The World Bank (WB) said Friday it continues to forecast Chinese economic growth of 9.5 percent in 2010 but warned growth is likely to ease because of the partial normalization of macro policy and measures to cool the property market. Leading indicators and industrial ...

ECFA to bring Taiwan investors new business

TAIPEI: Investors from Taiwan will be able to expand their investment in key mainland industries if a cross-Strait economic pact can be reached, said a mainland banker on Thursday. Taiwan investors can join in the mainland's restructuring of ten major industries including car ...

One-third of Chinese exporters suffer technical barriers

More than one-third of the country's exporters suffered from technical barriers in one way or another last year, China's top quality watchdog said Thursday. Technical barriers continued to pose a major risk for Chinese exporters in 2009, causing a full-year direct loss of more ...

Top 10 steelmakers to make 60% of national total by 2015

BEIJING: China expects its top 10 steel makers to produce more than 60 percent of the country's total steel output by 2015, up from 44 percent in 2009, according to a document published on the government's website Thursday. China is encouraging its big steel companies to acquire ...

China corn buys may exceed 1m tons, US says

China, the world's second-largest corn consumer, may buy more than 1 million metric tons in the next 18 months, the US Grains Council said. That's at least 40 percent more than it bought from the US since April. "In six to 18 months, the Chinese will undoubtedly take more than a ...

Mainland pension fund to increase investments abroad

Chinese mainland's pension fund plans to increase overseas investments in stocks and bonds, including securities in Taiwan, to boost returns as global markets recover from the financial crisis. The fund also aims to buy stakes in unlisted companies outside the mainland, including ...

Students unwilling to step into career of old

People choosing to take up some of the older professions are considered to be "losing face", the director of Qinghuachi, Beijing's largest chiropodist center, told METRO after students from Beijing's top university gave a cold shoulder to its recent campus recruitment. "To be a ...

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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