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China's PMI for manufacturing sector down in Feb

BEIJING: The Purchasing Managers' Index (PMI) for China's manufacturing sector stood at 52 percent in February, down 3.8 percentage points from January 2010, the China Federation of Logistics and Purchasing (CELP) said on Monday. It was the 12th straight month the index was above ...

Beijing's foreign trade up 83.9% in Jan

Beijing's total imports and exports hit $21.95 billion in January, a year-on-year increase of 83.9 percent, according to Beijing Customs, Xinhua News Agency reported today. Xinhua reported the foreign trade volume in the capital city rose sharply, rebounding to the level reached ...

China's foreign trade value down 13.9% in 2009: NBS report

BEIJING: China's total import and export value topped $2.21 trillion in 2009, down 13.9 percent year-on-year, according to China's National Bureau of Statistics (NBS). Of this total, the value of goods exported was $1.2 trillion, down 16 percent year-on-year, while the value of ...

Taiwan sees big jump in orders from mainland

BEIJING: Taiwan received 8.59 billion yuan worth of orders from the Chinese mainland in January, up 134.99 percent year-on-year, according to the island's economic department. It received a total of $30.37 billion of orders from outside the island in January, according to the ...

China's energy efficiency improved in 2009: report

BEIJING: China's energy consumption per 10,000 yuan ($1,464.1) of gross domestic product (GDP) dropped 2.2 percent in 2009, China's National Bureau of Statistics (NBS) said here Thursday. Preliminary estimates indicate that the total amount of energy consumption last year stood ...

China energy intensity fell 2.2% in 2009

BEIJING: China's energy use in generating each dollar of gross domestic product fell 2.2 percent in 2009, the National Bureau of Statistics said on Thursday. The decline was well below a drop of 4.59 percent in 2008 and 4.2 percent in 2007. China set a goal of cutting energy ...

China's power consumption grows 26% in Jan-Feb

China's electricity consumption in the first two months grew 26 percent year-on-year to 626.4 billion kWh, People s Daily reported on Tuesday, citing the National Energy Administration. The electricity consumption volume in February was 272.1 billion kWh, up 10.54 percent from ...

Macao wholesale, retail sector employees up 12% in Q4

MACAO - The number of paid employees of Macao's wholesale and retail trade reached 29,211 at the end of last year, an increase of 12.3 percent over the same period of the previous year, according to the results of a survey released Monday by Macao's Statistics and Census Service ...

HK's GNP decreases, GDP increases in Q4

HONG KONG - Hong Kong's gross national product (GNP) in the fourth quarter of 2009 dropped 0.7 percent year-on-year to HK$456.2 billion ($58.8 billion), the HK Special Administrative Region government said Monday. The Census and Statistics Department said that the gross domestic ...

HK's underwriting profit jumps 46.6% in 2009

HONG KONG - The Office of the Commissioner of Insurance (OCI) released the Hong Kong insurance business statistics for 2009 on Monday, indicating that the overall underwriting profit grew by 46.6 percent year-on-year to HK$2.2 billion ($283.59 million). The general insurance ...

China's FDI climbs a seventh month

Foreign direct investment (FDI) in China, the world's third-biggest economy, rose for a seventh month in February. Investment climbed 1.1 percent from a year earlier to $5.9 billion, the Ministry of Commerce press office said by phone in Beijing. That was less than the median ...

HK airport's traffic surges in Feb

HONG KONG - Boosted by strong Chinese Lunar New Year traffic, February passenger and cargo throughput at Hong Kong International Airport (HKIA) surged 17 percent and 30.1 percent respectively year-on-year, to 3.9 million and 257,000 tons, the Airport Authority of Hong Kong ...

China's Jan-Feb fiscal revenue up 33%

BEIJING - China saw a 32.9 percent growth year-on-year in fiscal revenue in the first two months of the year due to factors including rising tax revenue following continued economic recovery, the Ministry of Finance announced Sunday. Fiscal revenue for January and February ...

Beijing Jan-Feb foreign trade value up 70%

BEIJING - Foreign trade value in the Chinese capital rose 70 percent year-on-year to $42.2 billion in January and February, Beijing's customs authorities said Saturday. Export value in the first two months of 2010 stood at $8.06 billion, up 10.7 percent from the same period last ...

China Shenhua net profit up 16.6% in 2009

China Shenhua Energy Company Limited, the largest coal producer in the country, said Friday its net profit rose 16.6 percent to 30.28 billion yuan ($4.43 billion) in 2009 from the previous year. Business revenue expanded 13.2 percent to 121.31 billion yuan in 2009 year-on-year, ...

China's animation export booms in 2009

China's cartoon and animation exports totaled $30.57 million in 2009, a surge of 150 percent from the previous year, Xinhuanet reported Friday. The State Administration of Radio, Film and Television said exports of movie and video programs soared 44.2 percent to $58.98 billion in ...

Sales, prices drop on BJ 2nd-hand houses

The sales and prices of second-hand housing both experienced a decline in February for the first time since last June, bjnews.com.cn reported Friday. Official statistics released Thursday showed that the average price of second-hand housing in Beijing reversed the upward trend ...

Jan-Feb loans hit 28% of yearly target

The new yuan-denominated loans extended by China's banks in the first two months of 2010 hit 2.09 trillion yuan ($306.17 billion), accounting for 28 percent of the nation's lending target of 7.5 trillion yuan set for this year. The central bank will continue to ask lenders to ...

Loan data prove policies effective: economists

China's new loans last month, nearly half of the figure reported in January, indicated the country's policies to balance loan growth have taken effect, economists said Tuesday. New yuan-denominated loans stood at 700.1 billion yuan ($102.65 billion) in February, compared with 1...

CPI surge within normal range: banker

China's February consumer price index (CPI), a main gauge of inflation, is still within normal range, although the figure surged higher than expected last month. CPI rose 2.7 percent year-on-year in February, 1.2 percentage points higher than January, driven by a 6.2 percent rise ...

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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