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China puts more grain reserve on market

BEIJING - China's State grain reserve released 8.6 million tons of grain on to the market from Nov 29 to Dec 3 to ensure market supply and stabilize prices, said the country's top economic planner Thursday. The figure was up by 136,000 tons from the amount the previous week, with ...

5.8m subsidized housing under construction in '10

China fulfilled its goal to begin construction of 5.8 million government-subsidized apartments in 2010,according to a story by Xinhua News Agency. In the beginning of this year, China planned to build 5.8 million government-subsidized apartments for low-income residents and those ...

China ups holding of Japanese debt

China bought a net 262.5 billion yen ($3.1 billion) of Japanese bonds in October, the first time in three months the nation increased holdings of yen-denominated assets, Bloomberg reported on Dec 8. China purchased a net 231.9 billion yen in short-term Japanese debt and 30.6 ...

China's lottery raises $25b for public welfare in 23 yrs

BEIJING - China's government-run welfare lottery has raised a total of 164.5 billion yuan ($24.8 billion) for public welfare funds over the last 23 years, the Welfare Lottery Distribution and Management Center (WLDMC) announced Monday. Total sales of welfare lottery tickets had ...

HK's port cargo throughput up 5% in Q3

HONG KONG - Hong Kong's total port cargo throughput rose to 67.8 million tons in the third quarter, up 5 percent over a year earlier, the city's Census and Statistics Department announced Tuesday. According to the statistics, inward and outward port cargo rose 8 percent and 2 ...

China's rural home appliance subsidy drives sales up 180%

BEIJING - China's stimulus program for home appliance purchases in rural areas continued to boost sales in the first 11 months, the Ministry of Commerce (MOC) said Monday. The subsidy program, aimed at spurring domestic consumption, fueled rural purchases of home appliances, ...

China triples holding of S Korean government bonds

China's holdings of South Korean government bonds more than tripled to 6.14 trillion won ($5.4 billion) as of Nov 30, up from 1.87 trillion won at the end of 2009, Bloomberg reported on Dec 6, citing the Financial Supervisory Service of South Korea. China bought 556 billion won ...

Lottery raises over 7b yuan for China's quake relief

Beijing - China's welfare lottery has raised over seven billion yuan ($1.1 billion) for the country's quake-stricken area in its Southwest since 2008. The preliminary count was announced by China's Welfare Lottery Distribution and Management Center on Monday, a few weeks before ...

China's social security spending rises

BEIJING -- During the 11th Five-Year Plan period (2006-2010), China spent 3.3 trillion yuan ($495.3 billion) on social security, an annual increase of 17.6 percent, the Ministry of Finance (MOF) told Xinhua Friday. Wang Jun, vice-minister of the MOF, said in the 2006-2010 period, ...

China's coal prices fall for 1st time in 3 months

Power-station coal prices at Qinhuangdao port, a Chinese benchmark, fell for the first time in three months, Bloomberg reported on Dec 6. The price drop comes after stockpiles of the fuel surged and the government called for stability in the cost of commodities. Coal with an ...

China's nonferrous metal output up 24% in Jan-Oct

BEIJING -- China's output of ten nonferrous metals, including aluminum and copper, rose 23.9 percent year-on-year to 26.14 million tons in the first ten months, according to latest official statistics. Compared with the same period of last year, the output of refined copper rose ...

China's grain output rises 2.9% in 2010

BEIJING - China's National Bureau of Statistics (NBS) said Friday that the country's grain output rose 2.9 percent year-on-year in 2010 to 546.41 million tons. This marked the seventh consecutive year of growth for China's grain output. The preliminary figure came from a sample ...

China Shandong Gold sees 2010 output up 18%

Shandong Gold Group said its mined gold output in 2010 was likely to grow 18 percent year-on-year to 25 tons, Bloomberg reported, citing a senior executive. The production growth is likely to accelerate in coming years, Wang Jianhua, the company chairman, told reporters on the ...

China's gold imports jump almost fivefold

China's gold imports in the first 10 months jumped almost fivefold from a year earlier to 209 tons, Bloomberg reported on Dec 2, citing Shen Xiangrong, chairman of the Shanghai Gold Exchange. "The expectation for higher inflation has fueled great interests among investors to hold ...

HK's flat sales rise 31.5% in Nov

HONG KONG - Nearly 16,000 sale and purchase agreements for all building units were received for registration in November, up 31.5 percent from October and 42.7 percent from November last year, Hong Kong's Land Registry said on Thursday. Among 15,967 sale and purchase agreements, ...

GM says Nov China auto sales up 11.2%

General Motors and its Chinese partners sold 196,990 vehicles in China in November, up 11.2 percent from a year earlier, Reuters reported on Dec 2. In the first 11 months, GM's China sales rose 32.7 percent from the year-ago period to 2.17 million units, the US automaker said in ...

China's farm produce prices fall week-on-week

BEIJING - China's prices for farm produce and producer goods fell week-on-week, the Ministry of Commerce (MOC) said Wednesday. During the week that ended November 28, vegetable prices continued to drop as most regions have been working hard to ensure winter vegetable supplies, ...

ABC report sees 2011 book value up 19% to $91b

Agricultural Bank of China (ABC), preparing for what may be the world's largest ever IPO, was given a 2011 forecast valuation of 1.57 times to 1.97 times price to book, according to one of its underwriters. At a 1.7 midpoint, ABC's forecast 2011 valuation is projected to be ...

SAIC Feb auto sales up 45%

SAIC Motors, China's largest carmaker, said its vehicle sales rose 45 percent in February as Beijing's policy incentives continued to drive buyers into showrooms in the world's largest auto market. Chinese automakers' vehicle sales in the first two months of the year are skewed ...

China's 2009 housing investments rise 16.1%

China's 2009 investments in the real estate industry rose 16.1 percent to 3.6 trillion yuan ($527 billion), the country's housing ministry said today in a report ahead of a press conference. Sales increased 42.1 percent to 930 million square meters, the ministry said. The ...

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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