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China's railways sent 5m passengers by Feb 6

China's railway network has transported 5.03 million passengers as of Feb 6, the eighth day of the country's annual Spring Festival transport peak lasting from Jan 30 to March 10 this year, said the Ministry of Railway Sunday. The figure was 105,000 more than that in the same ...

China's bank card spending up 31% in 2009

Chinese consumers spent 166 trillion yuan ($24.3 trillion) with their bank cards last year in China, up 30.5 percent from 2008, the People's Bank of China (PBOC), the central bank, said Monday in a statement on its official website. The total number of bank card transactions in ...

China's FDI up for fifth consecutive month in December

The amount of foreign direct investment (FDI) China received rose for the fifth consecutive month in December, up 103 percent year-on-year to $12.1 billion, said Yao Jian, spokesman of the Ministry of Commerce in Beijing on Friday. This brought the country's FDI to $90.03 billion ...

CITIC Securities net profit up 6.66% in Q3

CITIC Securities Co, China's largest listed brokerage, posted a 6.66 percent increase in net profit in the third quarter this year on broking business rise and the restart of initial public offerings. Net profit in the third quarter stood at 2.46 billion yuan ($360.18 million), ...

Machinery sector's output tops $1.4t in 2009

Both the output and sales of China's machinery industry exceeded 10 trillion yuan ($1.46 trillion) last year, the China Machinery Industry Federation (CMIF) said in Beijing Wednesday. Output reached 10.75 trillion yuan in 2009, up 16.07 percent from the year earlier. Sales value ...

CMB net profit falls 16.3% in Q3

Net profit of the China Merchants Bank (CMB) declined 16.3 percent year-on-year in the third quarter of this year because of shrinking loan margins. Net profit in the July-September period reached 4.82 billion yuan ($705.12 million), the lender said in a quarterly report to the ...

ZTE Q3 net profit rises 58.2%

ZTE Corp, China's second-largest telecoms equipment maker, posted a 58.2 percent rise in third-quarter net profit on Tuesday as domestic carriers continued to spend on building new 3G networks. ZTE's third-quarter earnings rose to 408.65 million yuan ($60 million) compared with a ...

China's search market grows 38% in Q3, research firm says

China's Internet search market was worth 2 billion yuan ($293 million) in the third quarter, up 38 percent, as global search leader Google Inc continued to expand its market share in China, research firm Analysys International said on Wednesday. Google had 31.3 percent of China's ...

PetroChina's Q3 net profit down 23.2%

PetroChina Co, the listed subsidiary of China's biggest oil and gas producer, reported Wednesday a net profit of 30.8 billion yuan ($4.51 billion) in the third quarter, down 23.2 percent from a year earlier. Earnings per share were 0.17 yuan, declining 23.2 percent year-on-year, ...

Industrial profit down 9.1% in first nine months

Industrial enterprises in China's 22 regions reported a combined profit of 1.55 trillion yuan ($227.5 billion) in first nine months, down 9.1 percent year-on-year, the National Bureau of Statistics (NBS) said Wednesday. NBS statistics showed the decline was four percentage points ...

HK exports down 16.2% in first three quarters

The value of Hong Kong's total exports of goods dropped by 16.2 percent year-on-year, with the September exports falling 8.6 percent from a year earlier, said Hong Kong's Census and Statistics Department (CSD) on Tuesday. As shown in the external merchandise trade statistics for ...

China Life reports more than doubled net profit in Q3

China Life Insurance Company Limited, the country's largest life insurer, posted a net profit of 5.95 billion yuan ($871.74 million) in the third quarter of this year, up 154.55 percent year-on-year. The company attributed the profit surge to the improvement in the country's ...

China's OCT Properties net profit up 57% in Q3

China's OCT Properties, one of the country's leading real estate firms, announced Saturday that its net profit rose 56.73 percent year-on-year in the third quarter to 133.2 million yuan ($19.5 million). Equities of the Shenzhen-listed firm added 2.14 percent to 22 yuan per share ...

WISCO posts 75.79% fall in Q3 net profit

The Wuhan Iron and Steel Company Ltd (WISCO), the listed arm of China's Wuhan Iron and Steel (Group) Corp, posted a decline of 75.79 percent in net profit in the third quarter this year because of falling sales. The company's net profit reached 546.56 million yuan ($80.02 million...

China, US will grow solar power competition

The United States and China are in a head-to-head race to become the world's top market for solar power. Solar panel makers are wasting no time making plans to cash in on the growth promise of both markets despite the global recession. At the recent Reuters Global Climate and ...

Tibet GDP grows 11.4% in Jan-Sept

The Tibet autonomous region's economy grew 11.4 percent year-on-year in the first three quarters thanks to rapid growth in fixed-asset investment and retail sales, local statistics bureau said Saturday. The gross domestic product amounted to 30.6 billion yuan ($4.5 billion) in ...

Profits of central SOEs down 13.7% in Jan-Sept

Profits of China's 135 central-administered State-owned enterprises (SOEs) fell 13.7 percent in the first nine months from the same period a year ago, according to the State-owned Assets Supervision and Administration Commission. The profits totaled 551.96 billion yuan ($81.17 ...

China's loan balance to SMEs up 28% in Jan-Sept

Chinese financial institutions' loan balance to small- and medium-sized enterprises (SMEs) climbed 28 percent from the beginning of the year to 14.1 trillion yuan ($2.06 trillion) by the end of September, the central bank said Friday. Special Coverage: China Biz & Economic ...

Newly employed in urban areas hit 8.51m in first nine months

New employment positions filled in China's urban areas hit 8.51 million in the first nine months of 2009, the Ministry of Human Resources and Social Security (MHRSS) announced Friday. The figure accounted for 94 percent of the government's annual target of 9 million, ministry ...

HK's consumer prices rise 0.5% in September

Hong Kong's overall consumer prices rose 0.5 percent in September over the same month last year, following a 1.6 percent drop in August, the Census and Statistics Department of Hong Kong Special Administrative Region government said on Thursday. Netting out the effects of the ...

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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