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China drafts 8 measures to narrow income gap

China's top economic planner has revealed specific measures to improve the income distribution system without giving the release date for the long-awaited official reform plan. Ji Ning, deputy head of the National Development and Reform Commission's (NDRC) employment and income ...

China December soybean shipments may decline 2%

China's soybean imports may decline to 5.3 million tons in December, compared with about 5.4 million tons in November, Bloomberg reported on Dec 7, citing the Ministry of Commerce. Inbound soybean oil shipments may total 195,000 tons in December compared with 99,100 tons last ...

China to tighten supervision on overseas assets

China is considering stricter supervision of central enterprises' overseas assets in a bid to avoid potential risks, the 21st Century Business Herald reported on Dec 8. The State-owned Assets Supervision and Administration Commission (SASAC) "will introduce an act to regulate ...

China is 'doing right thing' to curb inflation: Jim Rogers

NEW YORK - Financial expert Jim Rogers said on Tuesday that China's central bank was doing the right thing by raising interest rate to curb inflation in China right now. "As we may all know that China is facing serious inflation problems. However, the central bank of China is ...

Capital seeking world-city role in tourism

As part of its drive to become a world city, Beijing is championing the setting up of an organization to promote tourism cooperation around the globe. World Tourist City Organization (WTCO) will be made up of representatives from the world's most popular tourist cities, travel...

China's vehicle tax bill draft receives comments from public

BEIJING - China's top legislature has received over 97,000 comments from the public on the draft law on vehicle and vessel taxation, one month after it released the full draft and invited opinions. Members of the public generally acknowledged the draft's significance in helping ...

China key industries to grow 24% in 2011-15

China's strategic industries will grow at an average rate of 24.1 percent in the years between 2011 and 2015 and growth will slow to 21.3 percent in the next five years, Reuters reported on Dec 8,citing the China Securities Journal. The country unveiled its targets earlier this ...

Chinese VP to attend China-US commerce and trade dialogue

BEIJING - The 21st China-US Joint Commission on Commerce and Trade (JCCT) is to be held in Washington from Dec 14 to 15, said Chinese Foreign Ministry spokeswoman Jiang Yu on Tuesday. Chinese Vice-Premier Wang Qishan will co-chair the meeting with US Commerce Secretary Gary Faye ...

China displays low-carbon efforts at special event in Cancun

CANCUN, Mexico - China on Sunday presented to the world its low-carbon strategies and practices at the China Day event on the sidelines of the ongoing United Nations climate change conference. During the event, with the theme of "Low-carbon Development: China in Action," China ...

Report indicates booming 2011 for Shanghai real estate

SHANGHAI - Shanghai shares a high real estate profile with Singapore, Mumbai, New Delhi and Hong Kong as the top five most-favored investment markets in the Asia-Pacific region, a survey shows. The fifth annual edition of Emerging Trends in Real Estate Asia Pacific 2011, a ...

Govt think tank warns of 'retaliatory' price rise in 2011

BEIJING - China's housing prices will rise by 15 percent this year, down from 25 percent in 2009, said a government think tank Tuesday, warning of a "retaliatory price rebound" in 2011 if the government relaxed measures aimed at cooling the market. "Although average prices of ...

Chinese VP urges affordable housing building in coming yrs

NINGBO, Zhejiang - Chinese Vice-Premier Li Keqiang called for building affordable housing on a massive scale in the next few years. Li made the remarks during a two-day inspection tour to Ningbo in East China's Zhejiang province, which ended Tuesday. Li said the country's ...

Lawsuits to grow as patent filings rise

BEIJING - Lawsuits involving Chinese companies in intellectual property rights (IPR) are expected to rise significantly as cross-border trade accelerates and more patents are filed by Chinese companies. This development also includes internal lawsuits between domestic companies, ...

China to work on expanding integration of Asian markets: CIC

BANGKOK - China will continue to work in close collaboration with its Asian neighbors to expand market integration in the region, Jin Liqun, chairman of the Board of Supervisory of the China Investment Corporation (CIC), said on Monday. "China has always attached great importance ...

China aims to develop 10b-yuan software firms

China plans to have more than 10 software companies each with annual sales exceeding 10 billion yuan ($1.5 billion) over the next five years, the Bloomberg News reported Tuesday, citing report on Shanghai Securities News. The government will not change its policy for supporting ...

SASAC to step up listing of central State-owned firms

BEIJING - The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) has vowed to accelerate the listing of group companies of central government-invested State-owned enterprises (SOEs). The move is part of an effort to institute a stockholding ...

China to slash drug prices by 19%

China is to cut the retail price of many medicines by an average of 19 percent from Dec 12 in a bid to rein in the country's rising healthcare bill, Reuters reported, citing the Chinese National Development and Reform Commission. The move is the latest sign of governments around ...

Western China economy catching up with eastern

KUNMING - Western China is quickly catching up with eastern China as the annual economic growth rates of western China have surpassed eastern China during the past three years, said officials with the National Development and Reform Commission on Monday. The economic growth rates ...

More internationalized renminbi

BEIJING - The Export-Import Bank of China (China Eximbank) said Monday it would push for a more internationalized renminbi over the next five years and enhance the role of the Chinese currency in cross-border trade settlement. Li Ruogu, President and Chairman of China Eximbank, ...

China central bank highlights stable prices

BEIJING - The People's Bank of China, or the central bank, will make further efforts to maintain prices stable after China's inflation rate hit a 28-month high, according to reports on Monday. The central bank will analyze global economic developments and balance the relations ...

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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