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Robust domestic market to support China's growth

BEIJING - A robust domestic market, an increasingly competitive technological edge, a vibrant economic structure and a stable society will continue to provide strong support for China's growth in the next five years, a senior official said on Saturday. In the next five years, ...

China vows to tame housing prices

BEIJING - Policies launched this year to tighten the rise in housing prices have not been well implemented, Premier Wen Jiabao said on Sunday, though the central government will continue its efforts to maintain prices at a reasonable level. He made the remarks while taking ...

China exempts consumption taxes on biodiesel

BEIJING - China exempted consumption taxes on pure biodiesel made from waste animal fats or vegetable oils, according to the Ministry of Finance (MOF) and the State Administration of Taxation. The new policy is effective from Jan 1, 2009 and taxes already paid will be refunded, ...

China increases surveillance of agricultural product prices

BEIJING - China's top economic planner Friday ordered price surveillance authorities to keep prices of agricultural products stable over the coming New Year and Spring Festival holidays. The National Development and Reform Commission said in a notice that relevant departments ...

Yunnan businesses seek investment in Cambodia

PHNOM PENH, Cambodia - The Association for Economic Cooperation and Trade Promotion between China's Yunnan province and Southeast and South Asia (ECTPA) on Friday signed an investor facilitation cooperation agreement with Chinese Chamber of Commerce in Cambodia, aimed to seek ...

Billions for water resources project

NANJING - China will intensify its construction of water conservation facilities with priorities given to improving irrigation infrastructure for grain security and projects against drought and floods, officials said on Friday. Chen Lei, minister of water resources, told a ...

Why is Santa stingy to gift makers in China?

YIWU, Zhejiang - For exporters in East China's Yiwu city, which supplies half of the world's Christmas products, the year 2010 started surprisingly well. Orders jumped to the greatest volume in years, following a slump during the world economic crisis. But, even more surprisingly...

Tibet reports two-digit GDP growth for 18 consecutive years

LHASA - Southwest China's Tibet autonomous region has reported two-digit GDP growth for 18 consecutive years, with this year's growth rate estimated at 12.2 percent year-on-year, the regional government chairman said. Tibet maintained steady economic growth this year, with the ...

Lao approves high-speed railway linking China

VIENTIANE - The Lao National Assembly gave its permission to a plan of high-speed railway construction linking China to the Laotian capital of Vientiane, Lao News Agency (KPL) reported on Thursday. The ambitious plan with China's financial backing was approved by the 10th ...

China to fund $900m projects in Nigeria

LAGOS, Nigeria - Nigeria says it has secured a $900 million loan from China to boost infrastructure in Africa's most populous country, the Associated Press reported Friday. Minister of Finance Olusegun Aganga told the reporters that the Nigerian government had signed a $900 ...

Hebei shuts down wineries for adulterated wines

SHIJIAZHUANG - China's Hebei province shut down nearly 30 wineries Friday morning after wines made there were exposed on national television as adulterated. The local government acted after China Central Television Station (CCTV) showed wines made in the province's Changli county ...

China vows to audit major projects to curb graft

BEIJING - China's National Audit Office on Thursday vowed to strengthen auditing and supervision of major state-funded projects to prevent waste and corruption. "Intensified auditing and monitoring will be focused on project approval procedures, the acquiring of land for ...

China strengthens regulation on foreign property investment

BEIJING - China is tightening regulation on foreign investment in the real estate sector to crack down on speculation, according to a statement from the Ministry of Commerce (MOC) on Thursday. The ministry urges local authorities to increase checks and supervision on property ...

Unfair trade probe opened in China

BEIJING - The Ministry of Commerce started an anti-dumping investigation on Thursday into imported photographic paper and paperboard, showing Chinese companies are getting more active in using legal procedures to protect their interests, trade experts said. After evaluating an ...

Land values up as developers target growth

BEIJING - China's land prices are picking up again as more property developers step up their expansion in the land market, indicating their confidence in next year's housing sector and public expectations of further growth in home prices. According to Centaline China, a leading ...

China cracks 38,000 illegal price-fixing cases in first 11 months

BEIJING - China cracked 38,000 illegal price-fixing cases and retrieved 310 million yuan ($46.64 million) for customers in the first 11 months of the year, China's top economic planning body said Thursday. The National Development and Reform Commission (NDRC) said it also ...

Beijing nets $22.8b in land sales this year

BEIJING - The Beijing city government netted a record 151.7 billion yuan ($22.8 billion) in land sales in the year to Thursday, the municipal bureau of land and resources said. The city sold 252 plots of land this year, the bureau said in a statement. A plot of land in the ...

32% of HK's exports to the mainland for outward processing

HONG KONG - Thirty-two percent of Hong Kong's total exports to the Chinese mainland were for outward processing in this year's third quarter, according to statistics of the Census and Statistics Department released Monday. Meanwhile, 48 percent of Hong Kong's imports from the ...

China steps up measures to ensure grain security

BEIJING - China is enacting various measures, such as increasing its annual grain harvest and creating new grain security legislation, to ensure a food-secure society, according to an official of the country's top economic planning body. Zhang Ping, minister in charge of the ...

Economy to expand by 10% in 2011

CASS predicts double-digit increase, and a 'moderate' inflation rate BEIJING - China's economy will expand by 10 percent in 2011, and inflation will remain moderate with the consumer price index (CPI) rising 3.3 percent, a top think tank predicted on Tuesday. The Chinese Academy ...

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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