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Railway passengers up 8.9% on Duanwu festival

BEIJING: China's railways transported 5.11 million passengers Sunday, up 8.9 percent year on year, boosted by the three-day holiday for Dragon Boat Festival, the Ministry of Railways said Monday. Railway authorities put an extra 73 trains into service to cope with the surging ...

China's PMI of manufacturing sector rises to 55.2% in Nov

BEIJING - The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 55.2 percent in November, up 0.5 percentage points from October, the China Federation of Logistics and Purchasing said Wednesday. The figure marked the 21th straight month that the index was ...

China 2011 net coal imports to surge 63%

China's net coal imports are expected to jump a staggering 63 percent to more than 200 million tons in 2011, as domestic output struggles to keep pace with blazing demand, Reuters reported on Nov 30, citing Citigroup. Booming demand from power, steel and cement producers will ...

Aluminum sold below market levels

China sold all the aluminum ingots it offered from the state reserve at below market prices, according to the result of a tender posted on Monday on the website of the National Development and Reform Commission. A total of 117,671 metric tons were sold at an average price of 15...

Uranium rises to 2-year high

Uranium rose to the highest in more than two years after China Guangdong Nuclear Power Co agreed on long-term supply with the two largest producers, and on expectations Asia's biggest economy will boost its reactor-building targets. Uranium-oxide concentrate rose 10 cents to $60 ...

China puts 8.5m tons of grain reserve on market

BEIJING - China's top economic planner said on Friday that the country released 8.5 million tons of State-reserved grain and cooking oil from Nov 23 to 26 to ensure market supply meets the demand and to stabilize prices. A total of 25.5 million tons of State-stockpiled grain and ...

China's current-account surplus swells

China's current-account surplus doubled in the third quarter from a year earlier to $102.3 billion, the State Administration of Foreign Exchange said on Thursday. The nation's capital and financial account surplus was $5.7 billion for the quarter, according to the regulator. ...

China has 38.64m 3G users by end of Oct

BEIJING - The number of third generation (3G) mobile telecommunication users in China tripled year-on-year with the figure reaching 38.64 million by the end of October, according to the Ministry of Industry and Information Technology (MIIT). Approximately 25.38 million users were ...

1.2m mainland tourists likely to visit Taiwan this year

BEIJING - The number of Chinese mainland tourists visiting Taiwan this year is likely to top 1.2 million, a mainland spokesperson said Wednesday. The number totaled 1.1 million by Dec 3, Yang Yi, spokesman for the State Council's Taiwan Affairs Office, said at a regular press ...

HK's foreign assets reaches HK$2,023b in Nov

HONG KONG - Hong Kong's foreign assets of the exchange fund amounted to HK$2,022.6 billion ($260 billion) in November this year, up HK$13.2 billion from that in October, said the Hong Kong Monetary Authority (HKMA) on Tuesday. The monetary base reached HK$1,030.8 billion in ...

China's welfare lottery sales hit 90b yuan

BEIJING - China's welfare lottery sales this year hit a record 90.4 billion yuan ($13.5 billion) as of Sunday, 19.4 percent more than last year, the Welfare Lottery Distribution and Management Center said Monday. The lottery raised more than 28.3 billion yuan for public welfare, ...

December CPI likely below 5%: NDRC

BEIJING - China's consumer price index (CPI) will probably fall below 5 percent as government measures to control prices take effect, the country's top economic planning body said on Dec 11. Government measures have started to take effect, with vegetable prices falling and grain ...

China's foreign trade to top $4t in 2015

BEIJING - China's foreign trade is expected to grow to $4 trillion in 2015, from $2.21 trillion in 2009, says the head of the China Chamber of International Commerce (CCOIC). "However, the large trade volume doesn't mean its quality is high. China must accelerate the pace of ...

China Nov industrial output up 13.3%

BEIJING - China's industrial value-added output year-on-year growth quickened to 13.3 percent in November from 13.1 percent in October, the National Bureau of Statistics (NBS) said on Dec 11. The growth rate for the first 11 months was 15.8 percent year-on-year, down 0.3 ...

Chinese fiscal deficit likely to decrease in 2011

BEIJING - China's fiscal deficit might decrease below 2 percent of GDP in 2011, but government measures will still be proactive enough to shore up stable economic growth with a focus on growth pattern transition, said analysts. The Political Bureau of the Communist Party of China ...

China's GDP tops Japan in Q3

China's economy again beat Japan's in the third quarter of this year, AFP reported on Dec 9. China's nominal GDP amounted to $1.42 trillion during July to September, compared with Japan's $1.37 trillion, the report said, citing Japan's cabinet office in Tokyo. China had already ...

Hong Kong's inward DI up 14.8%

HONG KONG - Hong Kong Census and Statistics Department Thursday announced that the stock of the city's inward direct investment (DI) in 2009 increased by 14.8 percent from a year earlier to HK$7,262.1 billion ($934 billion) at market value. The increase was mainly attributable to ...

China's farm produce and materials prices continued to fall

BEIJING - China's top economic planner said Thursday that prices for agricultural produce and materials continued to fall from Nov 29 to Dec 5, with some varieties seeing big drops. Food prices monitored in 36 major cities fell 0.2 percent from the previous week, said the ...

China's old-for-new subsidy scheme fuels 112b yuan sales

BEIJING - China's home appliance replacement program has been an incentive for consumers to spend 112.69 billion yuan ($16.9 billion) since it was launched in June 2009, the Ministry of Commerce (MOC) said Thursday. As of Thursday, the sales volume of home appliances under the ...

HK's total receipts from trade, services down 6.2% in 2009

HONG KONG - Hong Kong's Census and Statistics Department announced Thursday that the total receipts (comprising sales and other receipts) of the import and export, wholesale and retail trades, accommodation and food services sectors amounted to HK$3,505.4 billion in 2009, down 6...

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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