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CPI expected to rise by over 2% in Feb

China's consumer price index (CPI), a main gauge of inflation, is likely to increase by over 2 percent in February year-on-year, chinanews.com.cn reported Monday, citing research reports by Chinese brokerage firms. Special Coverage: China Biz & Economic Statistics CPI is expected ...

CNPC sees China oil output up 1-2% in 2010

China's crude oil output will rise by 1-2 percent this year, Yu Baocai, vice president of China National Petroleum Corp (CNPC), said on Sunday. The forecast is slightly below a previous estimate of 2 percent given in a CNPC research report but above the 0.5 percent growth target ...

Statistics chief admits errors in property data calculation

BEIJING -- China's statistics chief said Friday that there were problems with the method and system in calculating property prices and he promised new measures to correcting them.The remarks were made by Ma Jiantang, director of the National Bureau of Statistics (NBS), in a ...

China's trade surplus down 50.2% in Jan-Feb

Chinese Minister of Commerce Chen Deming said it is still "too early" to assert foreign trade is growing, China Securities Journal reported on Monday. China's trade surplus fell by 50.2 percent in the first two months of 2010 over the same period last year, a result of China's ...

Drought in Southwest hits 61.31m mu of farmland

BEIJING - Drought had affected 61.31 million mu (4.09 million hectares) of farmland in southwestern China as of March 5, according to the latest figure from the Ministry of Agriculture (MOA). About half of the affected, or 32.95 million mu (2.20 million hectares), was seriously ...

East China Fair sees export deals up 22% on global recovery

SHANGHAI -- Export deals at the 20th East China Fair, which ended Friday in Shanghai, rose 22 percent year on year to $2.73 billion, the fair organizer said.The growth came as global economic recovery revived external demand for Chinese exports. Last year, export deals slumped 39 ...

China's second-hand auto sales up 22% in 2009

SHANGHAI-- Second-hand auto sales in China climbed 22 percent last year to 3.34 million units, the China Automobile Dealers Association said Friday.The sales were valued at 148.8 billion yuan ($21.8 billion), up 25.9 percent from a year earlier, the association said in a ...

Qingdao Port Jan-Feb throughput up 21%

Qingdao Port, China's second largest foreign trade port, saw its foreign trade cargo throughput up 21 percent year-on-year in the first two months this year, the port's chairman said Thursday. Revenues of the state-owned port in January and February grew by 10 percent, a trend ...

HK retail sales up 6.6% in January

HONG KONG: Hong Kong's total retail sales value rose to HK$29.3 billion ($3.77 billion) in January, up 6.6 percent over a year earlier, while the total retail sales volume grew 3.2 percent, the Census and Statistics Department said Thursday. The department said the year-on-year ...

HK's flat completions to rise

HONG KONG: Private residential flat completions in the city are due to rise to 14,260 units this year and to 10,960 next year, according to the Hong Kong Property Review 2010 announced by Rating and Valuation Department on Thursday. Deputy Commissioner of Rating and Valuation of ...

China Feb non-manufacturing PMI hits one-year low

BEIJING: China's official purchasing managers' index for non-manufacturing sectors plunged to a one-year low at 46.4 in February from 55.1 a month earlier, the China Federation of Logistics and Purchasing (CFLP) said on Wednesday. It was the first time that the index fell below ...

Tianjin Port reports soaring auto imports

China's major auto import customs center in Tianjin has reported a strong increase in auto imports this year. Customs statistics show January imports to the port hit 24,000 vehicles with a total value of $820 million. Both figures represented a year-on-year jump of 120 percent. ...

Sales of 100 key retailers fall in Jan

The 100 key retailing enterprises in China clinched 34.56 billion yuan ($5.06 billion) worth of sales in January, down 7.11 percent year-on-year, according to statistics released Wednesday. In a statement posted on the website of Ministry of Industry and Information Technology ...

China's annual box office likely to hit 10b yuan

The annual film box office in China is likely to hit 10 billion yuan ($1.46 billion) in a matter of several years if people in small and medium-sized cities have easier access to cinemas, said a cultural official Wednesday. Zhang Jianxin, deputy director of the Cultural Market ...

HK's Jan visitor arrivals up 5.9%

HONG KONG: Hong Kong saw a 5.9-percent year-on-year rise in visitor arrivals in January to 2.96 million, with the short-and long-haul markets recording 18 percent and 18.7 percent growth respectively, the Tourism Board said Tuesday. With the global economy stabilizing and ...

Macao's Feb gaming revenues soar 69%

MACAO: Macao's gaming revenues reached 13.5 billion patacas ($1.69 billion) in February this year, an increase of about 69 percent over the same period of last year, the Macao Post Daily reported on Tuesday, quoting unnamed sources. Regarding market share, SJM, owned by local ...

Hong Kong home sales are on a roll

HONG KONG - Home sales in the special administrative region jumped to the highest level in five months as an economic rebound and the lowest borrowing costs in at least 20 years spur demand. Sales rose 13 percent to HK$40.8 billion ($5.25 billion) in February from the previous ...

Output, orders slow down in Feb

BEIJING: China's manufacturing expanded by the least in a year in February as output and orders grew at a slower pace. The Purchasing Managers' Index fell to a seasonally adjusted 52, according to Li & Fung Ltd, a Hong Kong-based company that releases data for the Federation of ...

China allocates 28.6b yuan to support farmers

China's central government has allocated 28.6 billion yuan ($4.2 billion) to support farmers, the Ministry of Finance said in a statement Monday. The bulk of the funding -- 18.6 billion yuan -- would be used to subsidize farmers in growing improved varieties of crops such as rice...

Backgrounder: China's CPI since 1978

BEIJING: Chinese Premier Wen Jiabao pledged to prevent possible inflation during an online chat with Netizens held on Saturday. Following are some basic facts about China's price trend over the past years: China's inflation has continued to rise since November last year. Its CPI ...

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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