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Land ministry finds 1,457 unused plots

China's Ministry of Land and Resources has found 1,457 unused plots of land nationwide and given a list of what companies hold rights to these plots to the China Banking Regulatory Commission, the China Securities Journal reported today, citing a person familiar with the ...

Treasuries lack safety, liquidity for China, Yu says

US Treasuries fail to provide safety or liquidity when it comes to managing China's $2.45 trillion foreign-exchange reserves, said Yu Yongding, a former central bank adviser. "I do not think treasuries are safe in the medium- and long-run," Yu, a member of the State-backed ...

HSBC says Hong Kong at risk of property bubble

Hong Kong may experience a property bubble if home prices keep rising, said Peter Wong, HSBC Holdings Plc's chief executive officer for the Asia-Pacific region. "Property prices are at a fairly high level right now," Wong said in an interview with Bloomberg Television today. "If ...

China non-manufacturing industries expand at faster pace

China's non-manufacturing industries expanded at a faster pace in July. A purchasing managers' index released today by the China Federation of Logistics and Purchasing rose to 60.1 from 57.4 in June. A number above 50 indicates an expansion and below 50 a contraction. The ...

PMI fall points to economic growth slowdown

BEIJING - China's slowing manufacturing activities indicate further deceleration in the country's economic growth in the months to come, but the short-term chances of policy relaxation are slim, economists said. The official purchasing managers' index (PMI), a leading indicator ...

China mulls law to cap prices in monopoly industries

BEIJING - China's government could take powers to cap the prices of monopolized goods and services, according to a draft regulation issued Monday. The Legislative Affairs Office of the State Council of China said the draft regulation on cost supervision and examination of goods ...

Chinese mall diversifies Chilean markets with quality goods

SANTIAGO: In the center of Santiago, capital of Chile, stands a three-story shopping mall called "The Chinese Mall." The shopping center accommodates hundreds of shops plus a huge warehouse run by the Chinese business people, offering local residents daily necessities of good ...

China's manufacturing at slowest for 17 months

BEIJING - China's manufacturing grew at the slowest pace in 17 months in July as the government clamped down on property speculation and investment in energy-intensive and polluting factories. The Purchasing Managers' Index (PMI) fell to 51.2 from 52.1 in June, the Federation of ...

Building materials industry expands despite property controls

BEIJING - China's building materials industry continued to expland in the first half, despite government attempts to cool the speculative housing market, the Ministry of Industry and Information Technology (MIIT) announced Monday. The country's cement production reached a monthly ...

Chile, China to expand trade ties

SANTIAGO - Chile and China will further expand trade relations as their free trade agreement (FTA) enters a new phase starting Sunday, said an Chilean official. In this phase, the scope of bilateral trade will go beyond commodities to the services sector, according to a ...

China won't relax property measures

China won't relax property measures until they have effectively controlled home prices, the China Securities Journal reported today, citing Wang Juelin, deputy director of the policy research center at the Ministry of Housing and Urban-Rural Development. Most cities have been ...

More land offered to curb housing prices in H1

GUANGZHOU - More than 56,108.2 hectares of land were on offer for residential use across the country in the first six months of the year - up 135 percent year-on-year - as authorities stepped up efforts to curb an excessive increase in housing prices while developing a trend in ...

Local officials may be playing fast and loose with GDP

BEIJING - The total sum of China's regional GDP figures in the first half of this year was about 1.5 trillion yuan ($220 billion) more than the national figure released by the National Bureau of Statistics (NBS), a strong indication that there is false reporting by regional ...

PBOC stresses implementation of monetary policy

BEIJING - The People's Bank of China, China's central bank, has asked its branches to effectively implement a moderately loose monetary policy in the second half of the year. The bank urged maintaining the continuity and stability of monetary policies while making them more ...

Land supply up 135% in 1st half year

BEIJING - China provided 56,000 hectares of land for residential use in the first six months of 2010, up 135 percent over the same period last year, according to the Ministry of Land and Resources. A significant increase in the availability of land for housing was reported in ...

China's economy to grow more than 9% in 2010

BEIJING - China's gross domestic product (GDP) is expected to expand more than 9 percent in 2010, Yi Gang, head of the State Administration of Foreign Exchange (SAFE), said Friday. Yi, also deputy governor of the People's Bank of China, the central bank, made the remarks in an ...

Corn imports to help curb soaring prices: NDRC

BEIJING - China's National Development and Reform Commission (NDRC), the country's top economic planner, said Friday that corn imports will help curb soaring corn prices. Domestic corn prices were higher than abroad this year, the NDRC said in a statement posted on its web site. ...

China aims to make yuan convertible

BEIJING - The ultimate goal of China's exchange rate reform is to make the yuan a fully convertible currency, Yi Gang, head of the State Administration of Foreign Exchange (SAFE), said Friday. Yi, also deputy governor of the People's Bank of China, the central bank, made the ...

Textile body to strengthen CSR ties with BSCI

BEIJING - The China National Textile and Apparel Council said on Friday it is joining hands with the Brussels-based Business Social Compliance Initiative (BSCI) to address the corporate social responsibility (CSR) issues of domestic textile companies while exporting products to ...

Experts: Soybean firms must focus on edible sector

BEIJING - Domestic soybean makers should focus on developing their own transgenic varieties and marketing the commodity to tofu, vegetarian products and noodle makers, as competition from foreign players is crimping profits, industry officials said on Friday. Soybean output in ...

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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