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HK's goods export volume up 19.2%

HONG KONG - The volume of Hong Kong's total goods exports recorded a year-on-year increase of 19.2 percent in May, the Census and Statistics Department of Hong Kong said Tuesday. According to the department, the volume of Hong Kong's goods re-exports rose 19.3 percent over a year ...

China downcast on exports as EU debt woes

China sounded a gloomy note on Tuesday about its export prospects, warning in particular that belt-tightening by deeply indebted European Union governments would dampen demand for the country's goods. Calling the trade picture "still complicated and grim," the Ministry of ...

China dismisses IEA analysis of it being world's top energy user

BEIJING - A Chinese energy official on Tuesday rejected a report by the International Energy Agency (IEA) saying China surpassed the United States to become the world's biggest energy consumer last year."IEA's data on China's energy use is unreliable," Zhou Xian, an official with ...

China accuses US of protectionism in proposed probe on steel deal

BEIJING - A proposed investigation of a Chinese steel-maker's investment plan in the United States has politicized a business deal and is protectionism, Yao Jian, spokesman of Ministry of Commerce, said Tuesday.Yao was commenting on Anshan Iron and Steel Group's (Ansteel) plan to ...

China's industrial output growth may exceed 11%

BEIJING- China's industrial value-added output may exceed the 11-percent growth target set for the whole year in 2010, although the pace of increase may slow in the second half, the Ministry of Industry and Information Technology (MIIT) said Tuesday.The country's industrial value...

House prices under 'large' pressure to fall: rpt

Chinese house prices face "very large" pressure to fall in the second half on weakening demand and increasing supply, according to a commentary in the latest edition of a central bank publication, China Finance. Government measures to curb property speculation have had "initial" ...

Central bank says 3% inflation goal in reach

The People's Bank of China is confident of hitting the government's 3 percent year-average target for consumer inflation this year, Du Jinfu, a central bank vice-governor, said on Monday. Although inflation is easing, Du cautioned that uncertainties persisted, including the ...

China should reduce dollar-reserve assets: Yu

China should reduce its holdings of US dollar assets to diversify risks of "sharp depreciation," Yu Yongding, a former adviser to the central bank, wrote in a commentary in the China Securities Journal. The nation should convert some holdings currently in US dollars into assets ...

Q2 land prices up 9.29% in major cities

BEIJING - Land prices in 105 major Chinese cities rose 9.29 percent year-on-year to 2,756 yuan ($406.5) per square meter in the second quarter this year, official figures released Monday indicated.Land prices also edged up 1.52 percent compared with the previous quarter, said the ...

Insurers scout for more investment channels

BEIJING - China's insurance industry is facing investment pressure as regulations stipulate that an estimated 2 trillion yuan ($295 billion) from new premium income needs to be invested this year, even as traditional channels are languishing. The country's insurance sector had 4...

Taxi company monopolies allow 'black' cabs to flourish

A survey conducted by Beijing News found mixed feelings toward unlicensed taxis among the public. In the online survey of 3,219 respondents, 83.4 percent said that they had taken a "black" (unlicensed) taxi. On the question of what risk, if any, unlicensed vehicles may pose, 54.3 ...

Parents set to suck up baby formula price hike

Baby formula prices are likely to hit record highs when a proposed overhaul of customs regulations affecting the product comes into effect. Slated to come into effect on Sept 1, the new regulations will limit the weight of baby formula that travelers can bring into the country ...

Shanghai to submit alternative energy vehicles subsidy plan

Shanghai will submit a plan to subsidize alternative-energy vehicles this week, the Shanghai Securities News reported today, without saying where it got the information. The subsidy plan may be approved and implemented as early as September, the newspaper said .

China promises bigger private role in industry

China's Cabinet promised private investors a bigger role in industries from oil drilling to finance, and also promised to help private companies invest more abroad. The State Council issued an announcement Monday which included a five-page list of areas where the government ...

Magnetized water tap lands man in court

The Changping district people's court will hear the case against a water-magnetizing tap from a Hong Kong company this afternoon. The plaintiff named Zhao Changcheng, a resident who suffers from bronchitis in Northern Beijing's Changping district, bought a water-magnetizing tap ...

China's economic fundamentals remain strong

JAKARTA - China's economic fundamentals is expected to remain strong though a soft landing of its economy is underway, due to supply adjustments such as closing of energy- inefficient industrial enterprises and high base effects like rebound in growth that started in second half ...

National union to help 1m find jobs in 2010

BEIJING - The All-China Federation of Trade Unions (ACFTU) said Monday it would work to help 1 million job-seekers find jobs this year, as well as provide vocational training for an additional 1 million people. Also, the ACFTU will provide training and job opportunities for 200...

China plans lending support for Xinjiang

The China Banking Regulatory Commission will actively guide financial institutions to enhance financial services and support toward Xinjiang Uygur autonomous region, said Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC). The banks should help Xinjiang to ...

China will open wider to foreign business

Worries that China is throwing up obstacles to foreign business are misplaced, Commerce Minister Chen Deming said in an article published on Monday. "In fact, China will open wider in the future," Chen wrote in an opinion piece in the Financial Times. European and US business ...

China runs stress tests on property trusts: rpt

China's banking regulator has run stress tests in the country's trust firms to see if they can withstand a downturn in the property sector, the Economic Observer reported on Saturday, citing unidentified industry sources. Chinese developers have been using property trust products ...

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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