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China produces 600m mobile phones in 2009

China produced 600 million mobile phones in 2009, and the output of Shanzhaiji - a term used to describe domestically produced mobile phones imitating big brands - reached 145 million, according to statistics released by the consulting company AVC yesterday, the Beijing Morning ...

Economic growth set to continue into new year

The country's economic growth looks set to accelerate into the new year, with booming factory production driving figures of a December manufacturing survey to a 20-month high. The survey, released on Friday, also showed the rapid pace of activity pushing up costs such as labor ...

China's power consumption up 6% in 2009

China's electricity consumption in 2009 grew 5.96 percent year-on-year to 3.643 trillion kilowatt-hours, the National Energy Administration said Wednesday .

China's grain yield to hit record high of 530.8b kg in 2009

China's grain yield this year is expected to hit a record high of 530.8 billion kilograms, which would represent the sixth consecutive year of output growth, said a statement released on Monday after the conclusion of the Central Conference on Rural Work.

Life insurers rake in 64.2b yuan in November

China's life insurance companies saw their premium income jump by 48.52 percent year-on-year to 64.2 billion yuan ($9.4 billion) in November marking the largest increase this year, the industry regulator said at the weekend. According to statistics from the China Insurance ...

Farmers' per capita income hits $735

The per capita annual net income of Chinese farmers rose to a high of 5,000 yuan ($735) this year, up more than 6 percent from a year ago, a rural work meeting revealed yesterday. The government will step up efforts to stimulate rural consumption and raise rural living standards ...

Per capita annual net income of Chinese farmers tops $735

The Chinese farmers saw their per capita annual net income rise to a historic high of 5,000 yuan ($735) in 2009 despite the economic hardships, official data showed on Monday. The figure was an increase of more than 6 percent from a year ago, according to a statement issued by ...

China's industrial profit up 7.8% in first 11 months

Profits of China's major industrial enterprises in the first 11 months rose 7.8 percent from the same period a year ago, the National Bureau of Statistics (NBS) said Monday. The growth rate was 2.9 percentage points higher than the corresponding period last year, when the global ...

China predicts 10b tons of iron ore reserves in Hebei province

Exploration work in the eastern region of North China's Hebei province shows potential iron ore reserves in this area is estimated to top 10 billion tons, the China Metallurgical Geology Bureau (CMGB) said Saturday. A total of 3.44 billion tons of iron ore has been verified in ...

NBS: China's private enterprises increase over 80% in 2004-08 period

China has seen a 81.4 percent rise in the number of private enterprises from 2004 to 2008, the National Bureau of Statistics (NBS) said today. By the end of 2008, China had 3.596 million privately-owned enterprises, 1.614 million more than four years ago, NBS director Ma Jiantang ...

China's public spending to exceed $133b this year

Spending by the central government is likely to exceed the budget for this year, but the country will keep its fiscal deficit below three percent this year as planned, Zhang Shaochun, vice minister of finance, said at a briefing Thursday. China will likely spend more than the 908 ...

NBS: China's service sector totaled 13.134t yuan in 2008

China revised the added value of its service sector in 2008 to 13.134 trillion yuan ($1.92trillion) from the previous 12.0487 trillion yuan, the National Bureau of Statistics (NBS) said in Beijing Friday. The sector has grown 26.4 percent from its 2007 level, based on the 2007 ...

2008 GDP figure revised to $4.6t

China's GDP was revised to be 31.4045 trillion yuan ($4.6 trillion) in 2008, the National Bureau of Statistics (NBS) said today. The latest revised figure is 1.3375 trillion yuan ($196 billion) more than the number released in February. The adjustment was the result of new data ...

China's foreign trade to fall 16% in 2009: minister

China's foreign trade is expected to decline 16 percent in 2009 from a year ago, to about $2.2 trillion, the Minister of Commerce said on Thursday. The annual retail sales is likely to rise more than 15 percent to 12.5 trillion yuan ($1.84 trillion), minister Chen Deming told a ...

Profits of local SOEs continue dropping but declines narrow

Profits of China's State-owned enterprises (SOEs) excluding those administered by the central government continued to drop in the first 11 months from a year ago, but the rate of decline narrowed sharply. The SOEs posted combined profits of 258.39 billion yuan ($38 billion), down ...

China's outbound investment to hit $42b in 2009

China's Ministry of Commerce (MOC) said Tuesday that annual overseas direct investment (ODI) from non-financial sectors is expected to top $42 billion in 2009. Non-financial ODI in the first 9 months stood at $32.87 billion, up 0.5 percent year on year, according to the MOC. ...

China's industrial output to grow 11% this year: minister

China's industrial output is expected to post an 11 percent rise from a year earlier this year, buoyed by the government's stimulus packages, Minister of Industry and Information Technology Li Yizhong said Monday. Li made the forecast at a two-day conference starting Monday in ...

China's health insurance premium nears 48b yuan in first 10 months

China's health insurance premium hit 47.67 billion yuan ($6.98 billion) in the first 10 months this year, according to China Insurance Regulatory Commission on Monday. The figure represented an increase of 17 percent over the same period of last year.

China's grain output to top 500m tons in 2009

China's grain output is expected to top 500 million tons for the third consecutive year in 2009, said an official from the Ministry of Agriculture (MOA) Monday. The country's planting area was expected to increase 34 million mu (2.27 million hectares) this year, the biggest rise ...

Beijing has 4 million vehicles

Beijing has registered 4,001,426 vehicles and 5,679,000 drivers, the publicity office of the municipal government said Friday. The numbers of vehicles and drivers jumped 497,000 and 536,000 respectively from that of last year, it said. Beijing will continue its efforts 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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