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Trading partners strive for balance

Asian giants are developing according to different models NEW DELHI - China has not intentionally sought to have a trade surplus with India and has been looking for ways to increase purchases from the country, a top Chinese economic diplomat in India said. Peng Gang, commercial ...

World is big enough for China and India to grow

NEW DELHI / BEIJING - China and India's future prosperity lies in partnership not rivalry, Premier Wen Jiabao said on Wednesday, promising to redress a yawning trade imbalance between the rapidly growing Asian giants. Wen, making his first visit to India in five years, came as ...

Publishers branch into equity market

SHANGHAI - Some of China's big press and publishing firms have tapped into domestic equities markets for sustainable growth, as the central government urges making the cultural sector one of the pillar industries of China's economy in the next five years. Zhejiang Daily Press ...

Moving from shoemaker to brand maker

WENZHOU, Zhejiang - Wenzhou is the shoe capital of China. As of September this year, the city in Zhejiang province exported 517 million pairs of shoes worth $2.92 billion, up 5 percent from last year's total volume, figures from the Wenzhou entry-exit inspection and quarantine ...

China continues its subsidies for rural home appliance buyers

BEIJING - The Chinese government signed contracts with bid-winning home appliance manufacturing enterprises Wednesday, paving the way for offering subsidies to rural home appliance buyers next year. According to the contracts, 15,290 models of televisions, refrigerators, washing ...

Economist calls for rate move to fight inflation

BEIJING China needs to increase the interest rates by 2 to 3 percentage points next year to curb the inflation, a renowned Chinese economist said. If the government wants to control the inflation effectively, the interest rate should be raised by 200 to 300 basis points next year...

China GDP to hit 37t yuan mark in 2010

BEIJING - A leading Chinese government think tank in a research report issued Wednesday predicted that China's economy in 2010 would grow 10 percent year-on-year with gross domestic product (GDP) reaching 37 trillion yuan ($5.56 trillion). In its annual Blue Book of China's ...

Demolition rules seek public input

New draft reflects resolve to protect people's rights in relocation cases BEIJING - Local governments will not be allowed to use their administrative rights to forcibly demolish citizens' properties, and forced home demolitions must go through the courts, according to draft ...

Chinese premier arrives in India for visit

NEW DELHI - Chinese Premier Wen Jiabao arrived Wednesday for an official visit to India, in which Wen to hold talks with Indian leaders on bilateral ties and cooperation as well as on international and regional issues of common concern. Wen will also attend events marking the ...

Chinese VP meets US treasury secretary on economic co-op

WASHINGTON - Visiting Chinese Vice Premier Wang Qishan met with US Treasury Secretary Timothy Geithner Tuesday to discuss the global economic situation and boost bilateral economic cooperation. The two sides agreed that maintaining healthy and stable China-US economic relations ...

People's satisfaction with prices hits 11-year low

BEIJING - The proportion of Chinese citizens satisfied with price levels has sunk to an 11-year low despite government efforts to rein in prices, the People's Bank of China, China's central bank, said Wednesday. The central bank conducted the 20,000-respondent survey during the ...

Mainland presses for investment promotion in talks with Taiwan

BEIJING - A Chinese mainland spokesman Wednesday said mutual investment promotion should be included in any agreement with Taiwan on the protection of investments across the Taiwan Straits. The two sides were aiming to reach an investment protection agreement, which was in line ...

China sets 2011 economic growth target at 8%

China's top economic planner has set the 2011 GDP growth target at eight percent and raised the 2011 inflation target from this year's three percent to four percent, the Shanghai Securities News reported Wednesday. The National Development and Reform Commission (NDRC) revealed ...

Tunnel of highway linking Tibet's Metok completed

BOME, Tibet - Construction of the tunnel of a highway that links Tibet's Metok county to the outside is completed when explosive ripped through the end of the 3,310-meter tunnel at 10 am Wednesday. Metok county is China's last county that has no highways. With the completion of ...

Beijing may do more to cool real estate

Beijing may do more to address homebuyers' concerns about rising house prices, said Beijing Municipal Commission of Housing and Urban-Rural Development spokesperson Xu Zhijun. At a press conference on Tuesday, Xu said the local government may introduce additional financial ...

Wheels turning for new bike-rental idea

Capital city looking for ways to get more people cycling Netizens have been excitedly debating a new proposal from the Beijing municipal government for a bicycle-sharing system to ease the city's traffic gridlock. The idea calls for 1,000 locations to be opened with more than 50...

Incentives offered to overseas talent

BEIJING - The central government has launched an ambitious program to lure 2,000 talented young people from overseas in five years to boost the country's research and technological capabilities. The Young Thousand Talents Program that will take effect in 2011 aims to lure an ...

China moves to ensure migrants receive wages on time

BEIJING - China's top labor official has ordered local human resources and social security departments to make sure migrant workers are paid on time before the upcoming New Year and Spring Festival holidays. Speaking at a meeting on Monday, Yin Weimin, minister of human resources ...

China vegetable prices fall for fifth week

BEIJING - Prices of vegetables in China fell for a fifth week since the start of November this year, as combined price declines reached 17.4 percent during the period, a report by the Ministry of Commerce said Tuesday. For the week of Dec 6-12, prices of 18 types of vegetables in ...

Nine percent growth expected to be new normal for Chinese economy

HONG KONG - The Chinese economic growth is forecast to slow to 9.1 percent in 2011, from an estimate of 10.3 percent this year, and the 9 percent growth is expected to be a new normal for China in the post-crisis period, Bank of America Merrill Lynch said in a regional economic ...

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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