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US says to drop China currency probe

WASHINGTON - US Commerce Department announced on Tuesday its decision not to initiate investigation on allegations that China's currency practices constitute an unfair subsidy. The currency allegations under review were made in the context of countervailing duties (CVD) ...

Sino-Japan partnership to help global recovery

Green issues will play more significant role BEIJING - China and Japan, the world's second and third largest economies, agreed on Sunday to seek and develop "new engines" for growth, a move that will also help stabilize the global economy. Premier Wen Jiabao said during a meeting ...

China launches anti-subsidy probe into potato starch from EU

BEIJING - China announced Monday it would investigate whether the European Union (EU) members subsidized exports of potato starch to China, and if so to what extent the subsidies had harmed domestic industries. It is China's first anti-subsidy probe into imports from the EU. The ...

Home prices may fall to early-2009 levels

China will continue to curb property speculation regardless of recent changes in housing prices, Xia Bin, a senior government advisor, told a weekend forum in Shanghai during the weekend, Reuters reported. People should not expect any change in policy, even if there are some ...

China-Japan economic ties endure financial crisis: Wen

BEIJING - Trade and economic ties between China and Japan had endured the global financial crisis and were back on positive track, Chinese Premier Wen Jiabao said here Sunday. China's imports from Japan and investment in the neighboring country were growing, Wen told a group of ...

China to expand trade with Arab, central Asian countries

YINCHUAN - China's only Muslim autonomous region is hoping to set up a free trade zone to expand two-way trade with Islamic countries, the local government said Friday. "We are hoping to further trade and economic cooperation with the world's Muslim community," said Ma Fu, head ...

US-China Real Estate Summit opens in Los Angeles

LOS ANGELES - The 2010 US-China Real Estate Summit kicked off Thursday in San Gabriel, Los Angeles with the aim of building relations between top real estate players in the two countries. During the two-day summit, officials from all levels of both countries and experts in real ...

Taiwan to receive more mainland tourists

YINCHUAN - A tour group of 50 people from Ningxia Hui autonomous region set off on a journey to Taiwan Thursday. This was the first tour group from Ningxia and also the first from the six inland provincial-level regions on the Chinese mainland that were allowed access to Taiwan ...

50% plus new buildings in N China are not energy-efficiency

BEIJING - Over half the buildings constructed in northern China in 2009 were not equipped with heat-metering devices, resulting in their failing to meet China's energy-saving standards, an inspection report released on Monday said. The inspection, conducted by China's top ...

China, EU hold dialogue on economy, trade in Beijing

BEIJING - China and the European Union (EU) kicked off their third High-Level Economic and Trade Dialogue (HED) in Beijing Tuesday. The dialogue is co-chaired by Chinese Vice-Premier Wang Qishan and European Commission Vice-President in charge of competition policy Joaquin ...

China, Nigeria sign $900m agreement on industry projects

BEIJING - China and Nigeria on Monday signed a $900 million credit agreement for rail and communications projects. Olusegun Aganga, the Nigerian finance minister, announced the deal at a press conference at the Nigerian Embassy in Beijing. The agreement between the Nigerian ...

Sagging profits drive steel sector reforms

Industry in period of low growth, overcapacity weighing on prices BEIJING - China's steel industry is operating on a profit margin lower than all other industries, touching 3.5 percent, pushing the industry to reform its structure, a senior official said on Sunday. "The ...

China may set 2011 fiscal deficit at 900b yuan

China is planning to set its next year's fiscal deficit at 900 billion yuan ($135 billion), among which 200 billion yuan will be local bonds, the Century Weekly reported Monday, citing people close to the Ministry of Finance. But 2011's figures still need to be approved by the ...

China rare earths exports double in November

BEIJING - China's monthly exports of rare earth metals more than doubled in November to 2,090 tons, bouncing back after falling by more than three-quarters in October, Reuters reported Monday, citing data supplied by China Customs Statistics Information Center. While the monthly ...

China's daily crude steel output rebounds in early Dec

SHANGHAI - China's daily crude steel output rose to 1.667 million tons in the first 10 days of December, up 2 percent from the last 10 days of November, Reuters reported Monday, citing data from the China Iron & Steel Association. Production was higher as steel mills have ...

China's strong tourism market drives Sydney Airport traffic up

SYDNEY - More travelers to and from China contributed Sydney Airport to record a solid growth of 4.7 percent in passenger traffic in November, the airport's majority owner MAp Group said on Monday. MAp said international passengers at Sydney Airport rose by 4.3 percent in ...

Talent shortage in China's luxury brand sales

BEIJING - Many makers of luxury brands that aggressively expanded in China in recent years are finding themselves caught up in a shortage of skilled management. "Although there is a comparatively sound management talent supply channel for luxury brands in Beijing and Shanghai, ...

China curbs excessive growth in land price

BEIJING - China's land regulators urged local land authorities late Sunday to take concrete measures against excessive growth in the country's land prices in some Chinese cities and crack down on illegal behavior, such as land hoarding, to ensure the implementation of the ...

Innovation to add more value to domestic products

BEIJING - In the period of China's 11th Five-Year Plan (2006-2010), Chinese companies have been striving to raise the added value of their products by making independent technological innovations. Li Wei, vice-president of the sugar producer, Xiwang Group in eastern China's ...

Chinese fight against price hikes

BEIJING - An end-of-year survey of the most commonly used Chinese characters in 2010 by Internet forum Tianya had the term "price hike" at the very top. The list of items that elevated the term's usage is extensive: mung beans, which sold in May at double their price at harvest ...

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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