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Number of Macao's RMB credit cards up 90% in 2009

There were a total of 359,241 personal credit cards in circulation in the fourth quarter of 2009, with the number of RMB cards surging 88.98 percent compared with a year earlier, according to the figures released on Thursday by the Monetary Authority of Macao Special Administrati...

HK finance industry receipts up 45% in Q4

HONG KONG - HK's service industries fared better in the fourth quarter of 2009 compared to the same period a year earlier, with business receipts of the finance sector rising 45 percent, Hong Kong's Census and Statistics Department said Thursday. The robust growth of the finance ...

Bad loans of top 5 banks slightly down

The non-performing loan (NPL) rate of China's five major banks was down by one percentage point to 1.8 percent from the start of the year, the China Banking Regulatory Commission (CBRC) said Thursday. Non-performing loans fell by 63.8 billion yuan ($9.35 billion) to 357 billion ...

Number of financial lawsuits up 13% in 2009

China's courts at all levels tried and concluded 519,000 financial cases last year, up 12.9 percent from the previous year, top judge Wang Shengjun said Thursday. The courts "prudently" handled enterprise bankruptcy cases, and the number of such cases dropped 4.7 percent to 3,573...

Jan-Feb industrial output grows 20.7%

Special Coverage: China Biz & Economic Statistics The increase was 16.9 percentage points higher than the same period of last year.

China's Feb PPI up 5.4%

China's producer price index (PPI), a major measure of inflation at the wholesale level, increased by 5.4 percent year-on-year in February, the National Bureau of Statistics (NBS) announced today. Special Coverage: China Biz & Economic Statistics.

China's Feb CPI up 2.7%

China's consumer price index (CPI), a main gauge of inflation, increased by 2.7 percent in February from the previous year, the National Bureau of Statistics (NBS) announced today. Special Coverage: China Biz & Economic Statistics Chinese brokerage firms said earlier that the ...

China to float 26b yuan T-bonds

China's Ministry of Finance (MOF) will offer seven-year book-entry treasury bonds with a total par value of 26 billion yuan ($3.8 billion) Thursday, the ministry said. Interest on the bonds would be paid every March 11 until 2017 when the last interest payments and principals ...

China's Changan posts soaring net profit in 2009

Chongqing Changan Automobile Co, Ltd (Changan), one of China's biggest carmakers, Tuesday reported its net profit surged by 4,323.36 percent last year. Special Coverage:2009 Annual Reports of Listed Companies The increase in sales was driven by the country's car boom, according ...

China iron ore imports rise 6% on 'bullish' mills

Iron ore imports by China, the largest buyer, rose 6 percent in February, strengthening the ability of BHP Billiton Ltd, Rio Tinto Group and Vale SA to ask for higher prices. Imports reached 49.4 million metric tons, compared with 46.6 million tons in January, according to ...

China's Feb copper imports up 10%

Copper imports by China, the world's largest consumer, increased 10 percent in February from the previous month on sustained demand. Imports of copper and products were 322,282 metric tons, the General Administration of Customs said today. Still, that was 2 percent less than the ...

China's May electricity consumption rises 20.8%

BEIJING: China's May electricity consumption growth slowed from April despite a year-on-year increase of 20.8 percent, indicated statistics released by National Energy Administration (NEA) Sunday. Total electricity consumption reached 348 billion kilowatt-hours (kWh) in May, up ...

China's foreign trade up 45.2% in Feb

BEIJING - China's foreign trade posted a 45.2 percent year-on-year growth in February, the General Administration of Customs (GAC) announced Wednesday. Exports in February stood at $94.52 billion, up 45.7 percent, in a new indication of a rebound in global demand, while imports ...

China's auto prices rise slightly in May: NDRC

BEIJING: Auto prices in China rose slightly year-on-year in May, according to sales statistics of 36 major cities released by the price monitoring center under the National Development and Reform Commission (NDRC) Sunday. In May, prices of the country's domestically made ...

Economic planner predicts 2.6% CPI growth in H1

BEIJING - China's top economic planner Saturday forecast a "mild" year-on-year rise in the consumer price index (CPI), a main gauge of inflation, in June, resulting in an average CPI increase of around 2.6 percent in the first half. The projection by the National Development and ...

Beijing hosts record overseas tourists in Jan-May

BEIJING -- Beijing hosted a record high of 1.86 million overseas visitors in the first five months of the year, up 23.7 percent from a year earlier, the municipal statistics bureau said Saturday. The number includes 1.58 million foreign visitors, up 27.1 percent, and 284,000 ...

China to sell $6.41b of local govt bonds on June 18

The Ministry of Finance plans to sell 43.8 billion yuan ($6.41 billion) of bonds on behalf of local governments on June 18, the first batch of the 200 billion yuan ($29.29 billion) slated for sale this year, China Securities Journal reported Saturday. Nine regions are listed in ...

China's fiscal revenue rises 20.5% in May

BEIJING: China's fiscal revenue totaled 791.77 billion yuan ($115.93 billion) in May, up 20.5 percent from a year earlier, the Ministry of Finance announced Friday. The ministry attributed the drastic increase to tax revenue increase because of economic recovery and lower ...

China's urban fixed asset investment up 25.9% in first 5 months

BEIJING: Urban fixed asset investment in China for the first five months rose 25.9 percent year-on-year to 6.74 trillion yuan ($986.76 billion), the National Bureau of Statistics (NBS) announced Friday. The growth rate was 0.2 percentage points down from that for the first four ...

China's May new lending drops to $93.6b

BEIJING: China's new yuan-dominated lending in May shrank to 639.4 billion yuan ($93.6 billion) from 774 billion yuan in April, the People's Bank of China (PBOC), the central bank, said in a statement Friday. China's broad money supply (M2), which covers cash in circulation and ...

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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