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China Charity Federation raises 4.6b yuan in 2009

China Charity Federation, a leading charity organization in the country, raised about 4.64 billion yuan ($679.4 million) worth of donations in goods and money last year. President of the organization Fan Baojun said Tuesday the donations included 4.26 billion yuan worth of goods ...

HK jobless rate falls in Q4, 2009

Employment growth continued in the October-December period with the jobless rate falling to 4.9 percent from 5.1 percent in September-November, the Census and Statistics Department of Hong Kong special administrative region government said on Tuesday. The underemployment rate ...

China's coal mine accidents, fatalities drop in 2009

China reported 1,616 coal mine accidents in 2009, down by 338 compared to the year before, a source from the State Administration of Coal Mine Safety (SACMS) has said. Accidents caused 2,631 deaths, also down by 584 year-on-year, said SACMS Director Zhao Tiechui while addressing ...

Uncertain times for Mickey in Hong Kong

The number of visitors to Hong Kong Disneyland last year increased 2 percent to 4.6 million, while per capita expenditure dropped 1 percent at the struggling venue from the previous year. During the same period the theme park reported a whopping HK$1.32 billion loss after ...

Sales of China's rural supply co-ops up 15% in 2009

The combined sales volume of China's supply and marketing cooperatives rose 14.75 percent year-on-year to exceed 1.23 trillion yuan ($180.8 billion) in 2009, the All China Federation of Supply and Marketing Cooperatives (ACFSMC) announced Monday. Despite the adverse effects of ...

SOEs profits up 9.8% in 2009

China's State-owned enterprises (SOEs) gained 1.34 trillion yuan ($196 billion) in profits in 2009, up 9.8 percent year-on-year, the Ministry of Finance said on its website Tuesday. Centrally-administered SOEs' profits totaled 944.54 billion yuan in 2009, up 10.3 percent from the ...

Online game market expands to 25.8b yuan in China

The market scale of online games in China reached 25.8 billion yuan ($3.7 billion) in 2009, a 39.5 percent increase over the previous year, a white paper on online game development released by the Ministry of Culture (MOC) said on Monday.The document said the domestic games' ...

China's banking assets up 26% to 78.8t yuan in 2009

The total foreign and domestic currency assets of Chinese financial institutions rose 26.3 percent year-on-year to 78.8 trillion yuan ($11.54 trillion) by the end of 2009, the China Banking Regulatory Commission (CBRC) said on Saturday. The CBRC also said that combined liabilitie...

Hot money flow peaks in December

China attracted a total of $48.7 billion of "hot money" in December, the largest amount in eight months, according to China International Capital Corp (CICC). The nation's foreign-exchange reserves rose $10 billion last month, the smallest increase since November 2008, according ...

Crude oil imports through S China's Guangdong up 8.2% last year

Crude oil imports through south China's Guangdong province amounted to 35.18 million tons in 2009, up 8.2 percent from the previous year, local customs sources said Sunday. The imports were valued at $15.38 billion, down 32.8 percent. The average price of oil imports stood at 437 ...

Shanghai sees further recovery in foreign trade last month

China's economic hub Shanghai in December posted the first year-on-year growth in both imports and exports in 14 months, indicating further recovery from the economic downturn, local customs said Sunday. Last month, Shanghai's foreign trade stood at $30.7 billion, a growth of 35...

China discovers 5b-ton iron deposits in 2009

China discovered nearly 5 billion tons of iron ore deposits in 2009, chief engineer with the Ministry of Land and Resources (MLR) said Friday. The deposits were discovered in provinces including northeastern Liaoning, northern Hebei, eastern Shandong and Anhui, and southwestern ...

Chinese highways for fast traffic add up to 65,000 km

China reported 65,000 kilometers of highways designed for fast traffic by the end of 2009, second only to the United States, said Li Shenglin, Minister of Communications, on Friday. China opened 4,719 kilometers of expressways in 2009 and launched construction of 16,000 ...

Home trading in Beijing plummets in first two weeks of 2010

Property trading in Beijing in the first two weeks of this year slumped, following a string of government moves to curb soaring real estate prices. Beijing property transaction management authority said on its website Friday that sales of future delivery residential apartments ...

Chinese banks report lower bad loans in 2009

Chinese commercial banks saw their bad loan ratio declined to 1.58 percent by the end 2009, China Banking Regulatory Commission said on Friday. The figure was down 0.84 percentage points from the beginning of 2009, according to the commission. The bad loans stood at 497.33 ...

China's forex reserves near $2.4t

China's foreign exchange reserves almost hit $2.4 trillion by the end of 2009, up 23.28 percent year-on-year, the People's Bank of China, the central bank, announced on Friday .

China's new loans rise to 379.8b yuan in December

China's new yuan-denominated lending in December rose to 379.8 billion yuan ($55.6 billion) from November's 294.8 billion yuan, the People's Bank of China, the central bank, said Friday .

China's social security fund managed assets reach 776.5b yuan

China's National Council for Social Security Fund said on Thursday that assets under management reached 776.5 billion yuan ($113.7 billion) by the end of 2009. The figure was up 38 percent from the previous year, a spokesperson with the council told Xinhua. The council improved ...

China's annual tax revenue up 9% to $928b

China's tax revenue reported an annual increase of 9.1 percent to 6.31 trillion yuan ($928 billion) last year, said a statement posted Friday on the website of the State Administration of Taxation. Tax revenue excludes tariffs, tonnage dues, farmland use tax and contract tax, ...

Chinese mainland capital market raises 446.6b yuan in '09

China's stock regulator said on Thursday that Chinese mainland capital market raised 446.6 billion yuan ($65.39 billion) in 2009, the second largest annual fund-raising in history. Ninety-nine companies launched their IPOs in the Chinese mainland, including nine on the main board ...

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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