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Grads face job-hunt discrimination

A recent survey shows that more than 50 percent of college graduates have been discriminated against in different ways, while about 60 percent of employers have specific requirements for an employee's hukou or home origin, according to Mirror Evening Newspaper. The Research ...

China to continue exchange rate reform: official

BEIJING - A senior Chinese central bank official said Wednesday China will continue to reform its exchange rate formation mechanism to consolidate coordinated and sustained economic growth amid a rise in production costs. "The current adjustment in the price of production factors ...

China, India shift to gas for clean growth

Asia is boosting consumption of liquefied natural gas (LNG) relative to oil as nations from China to India try to pollute less while driving economic growth. The demand for LNG in China and India is growing as much as nine times faster than that for crude, according to calculatio...

China's credit rating company rejected by US

The Dagong Global Credit Rating, a professional credit rating and risk analysis agency in China, has been rejected by the US government from entering the American market, Guan Jianzhong, chairman of the agency said, according to the Beijing News Wednesday. Guan explained the US ...

Wages on the rise but don't meet expectations

An income survey report, based on 5,866 enterprises in Beijing, Shanghai and Guangzhou, released by Zhaopin.com in July, shows that the average wage rise was 10.1 percent so far this year, 1.9 percentage points higher than 2009. The statistics from Zhaopin.com show that from 2006 ...

IMF hails China's response to financial crisis

WASHINGTON - The "quick, determined and effective" policy response of Chinese authorities has helped mitigate the impact of the financial crisis and ensured that China has led the global recovery, the International Monetary Fund (IMF) said on Tuesday. "Executive Directors ...

'Second' asset management firm to be set up

Company will focus on State-owned consolidation BEIJING - A new asset management firm will be established within a month by China's State-owned asset regulator in a move to push ahead with restructuring of State-owned enterprises, sources familiar with the matter told China Daily ...

Regulator sees no risks from local govt loans

BEIJING - The China Banking Regulatory Commission (CBRC) said on Tuesday that nearly one-fifth of the bank loans disbursed to local governments are questionable, but will not cause any systemic risks to the banking sector. Lenders have disbursed over 7.7 trillion yuan ($1.14 ...

ADB extends loan to finance projects in China

MANILA - The Asian Development Bank (ADB) is extending a $150 million loan to the People's Republic of China to develop three gateway cities in the Guangxi Zhuang autonomous region. In a statement issued Tuesday, the ADB said the loan will be used to build roads and other urban ...

China to continue proactive fiscal policy in H2

HEFEI - China will continue its proactive fiscal policy in the second half of the year, focusing on speeding up economic restructuring, Finance Minister Xie Xuren said Tuesday. Xie made the statement at a conference in Hefei, Anhui province. The conference aimed to outline plans ...

US business wants China currency bill dropped from package

WASHINGTON - More than 20 business groups have recently urged the exclusion of a bill on China's currency policy from a package of manufacturing bills that lawmakers will start voting on this week. The Currency Reform for Fair Trade Act, also known as the Ryan-Murphy Bill, "will ...

Shanghai warns banks of risky property loans

The amount of shaky loans in Shanghai continues to grow every month despite new policies released in April designed to curb them, making it more likely that the hidden real estate credit risk they represent will be revealed, said Yan Qingmin, director of the Shanghai banking ...

Tibet raises minimum wages

LHASA - Tibet autonomous region in southwest China raised its monthly minimum wages by up to 35 percent this month, local authorities said Tuesday. The move was approved by the autonomous regional government earlier this month and the wage hike would take effect on July 1, said ...

SAFE to monitor hot money flows

BEIJING - China on Wednesday said it would continue to strengthen investigations of cases involving speculative money inflows and punish offenders, as analysts said such an influx could resurface in the second half of this year. The government will "handle properly the investigat...

China to ban additives in fresh juice

BEIJING - China's State Food and Drug Administration (SDA) has released a set of draft regulations banning the use of food additives in fresh juices. According to the regulations on the management of fresh juice in catering establishments, which were published on the SDA's ...

China's economic growth to slow to 9.2% in Q3: think tank

BEIJING - China's economic growth would continue to cool in the third quarter as the government reduces stimulus measures, thus lowering inflation expectations, a government think tank said on Wednesday. The gross domestic product (GDP) would grow by 9.2 percent in the third ...

China may harvest 196.6m tons of rice in 2010

China may harvest 196.6 million metric tons of rice this year, the same amount estimated a month ago, the China National Grain & Oils Information Center said. Output of corn, wheat, soybeans and rapeseed may be 168 million tons, 115.1 million tons, 14.5 million tons and 12.6 ...

China curbs corn auction buying as stockpiles fall

China, the second-largest corn user, sold less from its weekly auction after the government toughened measures to curb purchases as stockpiles declined, said analyst Ding Ling at Shanghai JC Intelligence Co. Feed mills bought 67 percent of the grain offered at auction of state ...

China may limit number of iron ore importers: CISA

China, the world's largest buyer of iron ore, may reduce the number of qualified importers of the commodity with new rules for the steel industry soon, paving the way for mills to improve their price bargaining power. The new rules will include standards on capital requirements, ...

More workers urged to join unions

Employees of smaller, private companies to get protection More than 300 sub-districts in Beijing will build up federations of trade unions in the second half of 2010, in the latest expansion of the unionized workforce. The first new federation of the rollout was formed on July 30 ...

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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