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Financing remains difficult for SMEs

BEIJING - China's small- and medium-sized enterprises (SMEs) continue to be plagued by difficulty in having access to financing during the second quarter, according to a key index released here Thursday by the China Association of Small and Medium Enterprises (CASME). China SME ...

China to add 20,000 km of rail in west regions

China plans to add 20,000 kilometers of operational railways to the network in the western regions in the next 10 years, involving a total investment of 1.5 trillion yuan ($221.51 billion), the China Business News reported Friday. The railroad construction projects are part of ...

Inspectors swoop in search for harmful duck oil

Beijing health bureau has carried out a citywide inspection of oil used in the catering industry after media reports claimed some hazardous oil produced from duck roasting has been reused in barbecue stands. The one-week inspection, which started on Wednesday, targets local ...

Wealthy gobble up swaths of countryside

Beijing: Luxury villas and golf courses, the symbol of wealth in China, are rapidly devouring the country's shrinking arable land, authorities said on Thursday. The total area of illegally used land, from January to June this year, reached 7,800 hectares, a year-on-year increase ...

Chinese foreign investment surges despite slowdown

Beijing - China's foreign direct investment (FDI) swelled to $13 billion for the month of June - an increase of nearly 40 percent over the same period last year. The surge, the highest single increase since December 2007, according to industry analysts, reflects how China's ...

China makes revised offer for WTO pact

WASHINGTON: The United States on Thursday said China had submitted an improved offer to join a WTO pact that allows members better access to lucrative government contracts. "China submitted its revised offer last week. We are still analyzing it but we recognize that it includes ...

Shanghai port container throughput up 19% in H1

SHANGHAI - Shanghai port reported an 18.8-percent year-on-year rise in container throughput in the first half amid strong economic recovery and booming trade. The country's largest port handled a record 13.86 million twenty-foot equivalent units (TEU) containers, the Shanghai ...

Jiangsu to suffer most from scrap of tax rebate

NANJING - East China's Jiangsu province, a major exporter, will feel the sting the most from China's cancellation of a tax rebate. China's Ministry of Finance and the State Taxation Administration will cancel export tax rebates for 406 commodities, including steel, nonferrous ...

China's FDI up 19.6% in H1

BEIJING - China's foreign direct investment (FDI) rose by 19.6 percent to $51.43 billion in the first half of the year, a senior official with the Ministry of Commerce (MOC) said here Thursday. Liu Yajun, director of the MOC's Foreign Investment Administration Department, said at ...

China to strengthen schools' fund management

BEIJING - A newly-published national education outline says Chinese schools need to tighten fund management in a bid to prevent financial risks. The Outline of China's National Plan for Medium and Long-term Education Reform and Development (2010-2020) was published in full text ...

Subsidized home work begins

More than 7,000 households in Beijing will be able to move into affordable apartments in the near future as construction of this year's largest government subsidized housing project began on Wednesday. The 31.8-hectare project is located by the west Fifth Ring Road in Shijingshan ...

China to help Venezuela build 3 power stations

China will help Venezuela build three 300 megawatt (mW) electricity generating plants in return for oil deliveries under a long-term $20 billion financing deal, the Latin American OPEC nation said on Thursday. Three months ago, Beijing said the China Development Bank had signed a ...

Property bubbles still a risk for China, says S&P official

BEIJING - A property bubble continues to pose the biggest risk for China's economy in the second half of the year and there is still room for correction in housing market, US financial services company Standard & Poor's said on Thursday. "From the domestic standpoint, the biggest ...

China leads the world in urbanization: blue paper

BEIJING - As China's urban population reached 46 percent of the total population last year, Chinese urban dwellers became the largest such population in the world, according to a 'blue paper' released on Thursday. By the end of 2009, China's urban population reached 620 million ...

HK tourism seeks to clean up its image

Beijingers who plan to travel to Hong Kong will be able to join tours without forced shopping and extra charges, the head of Hong Kong's tourism authority promised. James Tien, chairman of the Hong Kong Tourism Board (HKTB), was on a trip to the mainland to restore the image of ...

China orders curbs on grain price speculation

BEIJING - The National Development and Reform Commission (NDRC), China's top economic planner, Wednesday ordered local authorities to take actions to prevent hoarding and price speculation in grain markets and work to maintain market order. The NDRC accused some businesses of ...

Sichuan raises minimum wages by up to 44%

CHENGDU - Southwestern Chinese province of Sichuan will raise its minimum wages by as much as 44.4 percent starting August, local authorities said Wednesday. Around 20 Chinese provinces and region have raised minimum wages this year to address labor shortages. The wage hikes also ...

China to finance $2.6b Bahamian resort: rpt

China has agreed to let two State-owned agencies finance a stalled $2.6 billion Bahamian resort project that the developer said would provide the biggest job stimulus the Bahamas have ever seen. Bahamian Prime Minister Hubert Ingraham said in a statement on Tuesday that Beijing ...

Wages to be pegged to CPI

Beijing - China is expected to approve a wage regulation by the end of this year in a major effort to improve workers' lives and narrow the income gap. Yin Chengji, spokesman of the Ministry of Human Resources and Social Security, said the regulation has been drafted since 2008 ...

Property tightening policies to continue

Tightening measures to curb speculation in China's real estate sector will not be changed, the Shanghai Securities News reported on Thursday, citing a government researcher. Liu Yingjie, a researcher at China's State Council, or cabinet, said regulation in the property market had ...

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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