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China's retail sales up 17% during Spring Festival

BEIJING: China's retail sales hit 340 billion yuan ($49.8 billion) during the "golden week" of Spring Festival, up 17.2 percent over the same period of last year, the Ministry of Commerce (MOC) said Friday. Boosted by various sales promotion activities, the weeklong Spring ...

China's Jan CPI up 1.5%, PPI up 4.3%

China's consumer price index (CPI), a main gauge of inflation, increased by 1.5 percent in January from the previous year, the National Bureau of Statistics (NBS) announced today. The increase was 0.4 percentage points lower than the previous month, which saw a 1.9 percent year...

China reports 1.39t yuan of new loans in January

China's new yuan-denominated lending in January stood at 1.39 trillion yuan ($203.5 billion), down 14.2 percent from a year earlier, the People's Bank of China (PBOC, the central bank) said Thursday. In January last year, Chinese financial institutions issued a total of 1.62 ...

China's housing prices up 9.5% in Jan

Housing prices rose 9.5 percent in January from a year earlier in China's 70 large and medium-sized cities, said the National Bureau of Statistics on Thursday. That was 1.7 percentage points higher than December's housing price rise, or the highest increase in 21 months. Housing ...

China's January PPI up 4.3%

China's producer price index (PPI), a major measure of inflation at the wholesale level, increased by 4.3 percent year-on-year in January, the National Bureau of Statistics (NBS) announced today.

China's January CPI rises 1.5%

Special Coverage: China Biz & Economic Statistics The increase rate was 0.4 percentage points lower than the previous month. China's CPI rose 1.9 percent year on year in December last year, as freezing weather since November helped push up food prices. Food prices went up 3.7 ...

China's auto export down 46% in 2009

BEIJING: China's auto export in 2009 dropped 46 percent year-on-year due to the global downturn, according to the China Association of Automobile Manufacturers (CAAM) Wednesday. The CAAM said China exported a total of to 369,600 autos in 2009, valued at $5.19 billion, both down ...

China's 2009 coal imports triple

BEIJING: The volume of China's coal imports more than tripled in 2009 from a year earlier as the country's economic stimulus package boosted demand. China's coal imports jumped 2.1 fold to 130 million tonnes in 2009 from a year earlier, with the average price being $84 per tonne, ...

China's coal exports plunge in Jan

China exported 1.82 million tons of coal in January, down 50 percent year-on-year, the General Administration of Customs said on Wednesday. The number for exported coke is 40,000 tons, a 53 percent decrease. The amount of imported iron ore in the first month of this year is 46.62 ...

China's CPI to grow 3% in 2010: CCB report

BEIJING: China's Consumer Price Index (CPI), a main inflation index, might climb 3 percent in 2010 year on year, according to a Wednesday report released by the China Construction Bank (CCB). It is not likely for China to see a rocketing inflation in 2010, while China might ...

January lending nears 1.3t yuan despite curbs

Bank lending may exceed 1.3 trillion yuan in January despite the government-imposed credit clampdown on the potential risk of inflation and asset bubbles, analysts said. "We see January net new lending at about 1.35 trillion yuan... the slower loan growth is mainly the result of ...

Bankcard holders' consumer confidence rises in Jan

SHANGHAI: Chinese bankcard holders' consumer confidence in January was up year-on-year, according to an index issued jointly by China Unionpay and Xinhua News Agency on Tuesday. The Bankcard Consumer Confidence Index (BCCI) stood at 86.81 in January, 2.44 points higher from the ...

Major Chinese carmakers' 2009 pre-tax profit up 68%

BEIJING: Profit before tax for China's 17 major carmakers surged 68 percent year-on-year in 2009, after negative growth in 2008, the China Association of Automobile Manufacturers (CAAM) said Tuesday. The 17 carmakers, which produced more than 90 percent of Chinese-made cars, ...

China's foreign trade up 44.4% in Jan

China's foreign trade posted a 44.4 percent growth in January year-on-year, the General Administration of Customs (GAC) announced Wednesday. Exports in January stood at $109.47 billion, up 21 percent from a year earlier, while imports rose 85.5 percent to $95.31 billion. The ...

Profit of China's iron & steel industry drops 31% in 2009

BEIJING: China's 68 large and medium sized iron and steel companies made 55.39 billion yuan ($8.12 billion) in profit in 2009, down 31.43 percent year on year, said a senior official from China Iron & Steel Association Tuesday. The 68 companies reaped a total business revenue of ...

Southwest Securities profit up 600% last year

BEIJING: Net profit of Southwest Securities Co Ltd, rocketed 609 percent year-on-year last year to 1.01 billion yuan ($148.1 million), the company announced in its annual report Tuesday. The brokerage, based in southwest China's Chongqing municipality and listed on Shanghai ...

China's XCMG posts soaring business revenue in 2009

BEIJING: XCMG Construction Machinery CO Ltd (XCMG), China's largest construction machinery maker, said Tuesday its business revenue in 2009 surged 30.3 percent year on year to nearly 20.7 billion yuan ($3 billion). In its annual report of 2009 to the Shenzhen Stock Exchange, the ...

Poly Real Estate posts soaring sales in January

BEIJING: Poly Real Estate Group Co Ltd(Poly), China's second largest property developer by market value, said Tuesday its January sales based on signed contracts soared over 140 percent from a year earlier. In a statement to the Shanghai Stock Exchange, Poly said its sales income ...

Taiwan's Jan exports to mainland highest in 17 mths

TAIPEI: Taiwan's January exports to the Chinese mainland reached $9.54 billion, the highest figure in 17 months, according to local authorities. The volume accounted for 43.9 percent of Taiwan's total exports for the month, the highest percentage since October 2007, figures ...

Beijing aims at $6b materialized FDI in 2010

BEIJING: Beijing would strive to secure $6 billion of actually utilized foreign investment this year, an official said Monday. Lu Yan, head of the Beijing Municipal Commission of Commerce, said foreign investment actually utilized by the capital city rose 0.6 percent in 2009 to ...

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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