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Hotel critics to get certified

An evaluation and certification system for hotel critics is about to be launched, the China Hotel Association said on Thursday. Zhang Minghou, deputy secretary general of the association told METRO that they will introduce a national standard for hotel service quality evaluation, ...

Yuan is overvalued, not undervalued: report

China's currency is probably overvalued, not undervalued as Washington complains, a state-run Chinese newspaper said on Thursday, advancing Beijing's push against US demands to loosen up the yuan. China has come under renewed pressure from Washington to free up controls on the ...

China may see 'severe' job losses next year, CICC says

China may see "severe" employment losses next year as millions of temporary jobs end with the completion of projects under the government's 4 trillion yuan ($585 billion) stimulus package, according to China International Capital Corp (CICC). Recent pay increases in manufacturing ...

China reviews 2005 anti-dumping measures on imported hydrazine hydrate

BEIJING: China has started reviewing the anti-dumping measures it imposed in 2005 on hydrazine hydrate imports from Japan, Korea, the United States and France, the Ministry of Commerce (MOC) said Thursday. The MOC will examine the possibility of continuing the measures if the ...

Chinese VP calls for deeper co-op with New Zealand

AUCKLAND: Chinese Vice President Xi Jinping on Thursday called for more cooperation between China and New Zealand in various fields so as to elevating the bilateral relations up to a higher level. Speaking at the opening ceremony of China-New Zealand Free Trade Agreement Seminar ...

Pay hikes good for 'long term'

Job sector will benefit from higher wages despite worries over moves abroad BEIJING - Wage increases in a number of the country's labor-intensive industries will be good for employment in the long term, a senior official with the Ministry of Human Resources and Social Security ...

Housing demand still strong in China, says Roach

NEW YORK - The property boom in China isn't a bubble because it is supported by "solid" demand for residential housing, according to Stephen Roach, chairman of Morgan Stanley Asia Ltd. While portions of the real estate market such as high-end apartments are overheating, demand ...

Labor woes may spur further automation moves at home

BEIJING - Recent wage disputes and labor shortages in areas of China may speed up automation for some domestic manufacturers as a possible option to offset increasingly expensive labor. "Labor costs will continue to surge in the future. This will force Chinese manufacturers to ...

IMF head believes progressive appreciation of yuan

PARIS: The General-Director of the International Monetary Fund (IMF), Dominique Strauss-Kahn, said on Wednesday that he believed a progressive appreciation of the yuan, the Chinese currency. "I see no reason not to believe the strategy that Chinese authorities announced, which is ...

WTO against US poultry ban

BEIJING - China appears to have notched up a victory in a dispute against the United States over the latter's ban on poultry imports, according to an interim report by the World Trade Organization (WTO). "We think the US will not try to impose a similar ban in the next fiscal ...

Mining district in line for 150b yuan makeover

Contracts for 24 projects, worth more than 150 billion yuan ($22.03 billion), have been signed to build up the Mentougou district. The projects, part of the district's 2010 Promotion for Attracting Investment, range from an airport for corporate aircraft to an ecology zone. They ...

Top officer in 'richest man' bribery case gets 12 yrs

Jin Hongli, a 47-year-old former deputy chief from the economic investigation division of the Beijing Municipal Public Security Bureau, was sentenced to 12 years in jail on Monday for acting as a go-between for Huang Guangyu in his bribery of tax officials. Jin was paid 1.5 ...

Mediation draft law could ease tension

BEIJING - Legislators started to review a draft of the country's first law on mediation on Tuesday, hoping outside-court settlement of minor disputes could help ease the rising social tension. "While China is experiencing profound social and economic changes, various kinds of ...

China's decision to ease currency peg to boost Philippines'exports

MANILA - China's decision to ease its currency peg will help boost Philippine exports, Philippine Acting Socioeconomic Planning Secretary Augusto Santos said Tuesday.Santos said in an interview with reporters that the move is " good news" to the Philippines."That is good news for ...

OECD welcomes China's announcement on yuan flexibility

PARIS - The Paris-based Organization of Economic Cooperation and Development (OECD) on Tuesday welcomed China's announcement of increasing the exchange rate flexibility of its currency yuan.The move was helpful not only to China's sustainable growth but also the world economy, ...

Canadian PM praises China's contribution to global economic recovery

OTTAWA - Canadian Prime Minister Stephen Harper said China has been very helpful in dealing with the global financial crisis and the Chinese undertook pretty strong stimulus programs of their own during this recession.Harper made these remarks during an interview with Bloomberg ...

Chinese VP stresses transformation of economic growth mode

BEIJING - Chinese Vice Premier Li Keqiang has said the transformation of the country's economic growth pattern is a significant change for the country that needs "new ideas and innovative approaches.""The transformation of the economic growth pattern is a comprehensive and ...

China scraps export tax rebates on some steel, metal products

BEIJING-- China's State Council, or Cabinet, has approved the scrapping of export tax rebates on 406 products, effective July 15, the Ministry of Finance (MOF) said Tuesday in a statement on its website.The products included some steel and non-ferrous metals products, fertilizers...

Regional plans gather pace

BEIJING - China is quickening its pace in rolling out regional development plans this year to foster more economic growth engines and tackle regional development imbalances. China's cabinet is likely to approve the regional plan for the Beijing-Tianjin-Hebei area later this year, ...

Price dips may cut aluminum output

SINGAPORE - Chinese aluminum producers may cut output from a record if the current price slump persists and after the world's third-largest economy signaled an end to its currency's fixed rate to the dollar. China, the world's largest maker of the metal, produced 1.416 million ...

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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