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China to enter upward growth period in 2010

BEIJING: The Bank of Communications (BoCom) said on Jan 30 that China would enter a new round of upward economic growth cycle in 2010. But the lender warned the country to watch out assets bubbles, inflation risks and accelerated inflow of international capital in 2010, said a ...

Private sector major contributor to China's new employments in 2009

China's private sector created 11.4 million new jobs in 2009, contributing to more than 90 percent of all urban new employments, latest figures from the All-China Federation of Industry and Commerce (ACFIC) showed.Private enterprises employed 8.4 percent more workers than in 2008 ...

Consumer confidence index hits record high

China's consumer confidence index, or CCI, reached a record high over the past 30 months at the beginning of 2010, with a sustained upward trend, according to a report released Thursday. The report was jointly released by the world leading consulting company, Nielsen, and China ...

Beijing receives 170m tourists in 2009

China's capital received 170 million tourists at home and from abroad last year, a growth of 14.5 percent year-on-year, according to data released Thursday by the municipal bureau of statistics. The city's tourism sector garnered 244.21 billion yuan ($35.8 billion) in revenue ...

China's patent applications up 18% in 2009

China received more than 976,000 patent applications last year, up nearly 18 percent year-on-year, according to the State Intellectual Property Office (SIPO). The figure included patent right of invention, utility model and design. Nearly 90 percent of them were domestic ...

China to unify GDP calculation

China planed to put local GDP under unified calculation in a move to prevent provinces from cooking their economic figures, a top official with the National Bureau of Statistics (NBS) said Thursday. Ma Jiantang, minister of the NBS, said at the national statistics work conference ...

China SOE's profits jump 200% to $10b in Jan

BEIJING: China's centrally-administered State-owned enterprises (SOEs) under the supervision of the state assets watchdog saw profits grow 200 percent year-on-year in January, the watchdog said Tuesday. The SOEs reaped 74.33 billion yuan ($10.88 billion) in profit in January 2010...

64m Chinese on trips daily on Saturday and Sunday

BEIJING: Some 64.25 million people travelled on China's roads on Sunday, the 23rd day of the Spring Festival traffic rush, the Ministry of Transport said Monday. The figure is 5.6 percent up from the corresponding day last year, as millions return from their family homes to work ...

More Chinese mainlanders go outbound for Spring Festival holiday

BEIJING: Chinese mainlanders made more outbound trips during the just-concluded one-week Lunar New Year holiday compared with a year ago, the Ministry of Public Security said Monday. The number of entries and exits by mainlanders across the Chinese mainland border from Feb 13 to ...

Crude oil processing volume up 29% in January

China's crude oil processing volume grew 29 percent year-on-year in January, as economic recovery pushed up demand for oil products. The country processed 30.14 million tons of crude last month. Output of refined oil increased 24 percent to 18.59 million tons, according to the ...

China's rural road length hits 3.3m kilometers

BEIJING: The total length of China's rural roads had reached 3.3 million kilometers by the end of 2009, connecting 99.4 percent of towns and villages, a transportation official said here Sunday. Some 381,000 kilometers of roads were built in China in the past year, far exceeding ...

China tourism revenue up 26.9% during Spring Festival holiday period

BEIJING: China's tourism revenue rose 26.9 percent to 64.62 billion yuan ($9.46 billion) during the Spring Festival, the National Tourism Administration (NTA) said Sunday. China received 125 million tourists during the holiday period from Feb 13 to 19, up 14.8 percent from the ...

China's household appliance exports recover in second half of 2009

BEIJING: The rate of decline for China's household appliance exports by value narrowed by 7.55 percentage points in the second half of 2009 compared with the first half, said the Ministry of Industry and Information Technology (MIIT) Sunday. Despite the narrowing rate of decline, ...

China January inward FDI up 7.79%; 6th straight monthly rise

BEIJING: Foreign direct investment (FDI) into China rose for the sixth consecutive month in January, up 7.79 percent year-on-year to $8.13 billion, China's Ministry of Commerce (MOC) said Saturday. The government approved the establishment of 1,866 overseas-funded ventures in ...

Visitor arrivals to HK up 17% during Chinese New Year

HONG KONG: Total visitor arrivals to Hong Kong from Feb 13 to 19, dubbed as the Chinese New Year Golden Week, reached 782,163, up 16.9 percent over the same period last year, the Hong Kong Tourism Board (HKTB) announced Saturday. Out of the total arrivals, those from the Chinese ...

Cross-bank card transactions up 47% during Spring Festival

Cross-bank card transactions rose 47 percent year on year to 56.9 billion yuan (US$8.33 billion) on the Chinese mainland during the Spring Festival holiday, China UnionPay said Saturday. About 100 million cross-bank card transaction deals occurred during the holiday period from ...

China's daily power generation up 30% over Spring Festival

BEIJING: China's daily electricity generation during the week-long Spring Festival holiday rose nearly 30 percent year-on-year, figures from the power dispatch center of State Grid Corporation of China revealed Saturday. The country's daily power generation increased 28.49 ...

China's natural gas output up 7.7% in 2009

According to China Petroleum and Chemical Information (CPCI), an online publication focusing on China petroleum and chemical industry and the Asia-Pacific petrochemical market, China produced 83 billion cubic meters of natural gas in 2009, up by 7.7 percent compared with 2008. ...

Macao's loans to private sector up 2.1% in Dec 2009

MACAO: Macao's domestic loans to the private sector reached 100.8 billion patacas ($12.76 billion) in December last year, growing by 2.1 percent month on month, according to the figures released on Friday by the Monetary Authority of Macao special administrative region (SAR). Of ...

China's power consumption grows 40% in Jan

China's electricity consumption in January 2010 grew 40.14 percent year-on-year to 353.1 billion kilowatt-hours (kWhs), the National Energy Administration (NEA) said in a statement on its website Friday. The electricity consumption volume was 2.7 percent higher than that in ...

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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