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35% HK's Q3 exports to mainland for outward processing

Thirty-five percent of Hong Kong 's exports to the Chinese mainland in the third quarter were for outward processing, according to statistics released by local authorities on Friday. The Census and Statistics Department of the Hong Kong special administrative region (HKSAR) ...

China creates 10m jobs in urban areas in Jan-Nov

China generated 10.13 million new jobs in urban areas in the first 11 months, as government stepped up efforts to ensure adequate employment, according to the official data released on Friday. The urban jobless rate would likely reach 4.3 percent by the end of this year and the ...

Beijing tourism revenue to reach $35b in 2009: official

Beijing is likely to report 240 billion yuan ($35.1 billion) in tourism revenue in 2009, up 8 percent from the previous year, a municipal tourism official said Friday. The growth came after 2 million free entrance tickets of major tourist sites were offered this year amid other ...

China's social insurance revenue tops $200b

China's social insurance revenue has topped 1.36 trillion yuan ($200.2 billion) by the end of November, up 14.8 percent from a the same period a year ago, official figures showed Friday. As the core of the nation's social security system, social insurance involves five categories ...

China produces less bikes, but more e-bikes in 2009

TIANJIN - Production of traditional bikes declined while production of electric bikes rose last year in China, the chairman of China Bicycle Association (CBA) told Xinhua in Tianjin Friday. China produced 76.06 million bicycles in 2009, down 13.2 percent from 2008, which was the ...

China's outbound investment drops by 60% in H1

China's overseas direct investment (ODI) totalled $13.3 billion in the first half year, down 60 percent from a year earlier, said a report issued by the State Administration of Foreign Exchange Thursday. Outbound investment from China's financial and non-financial sectors both ...

China's PMI of manufacturing sector unchanged

The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 55.2 percent in November, unchanged from the previous month, the China Federation of Logistics and Purchasing said on Tuesday. It was the ninth straight month that the PMI reading stayed above 50. A ...

Macao's GDP up 1.3% last year

MACAO: Secretary for Economy and Finance Francis Tam Pak Yuen has announced that Macao's gross domestic product (GDP) grew 1.3 percent last year from the previous year, the local Macao Post Daily reported on Friday. Tam, who revealed the figure Thursday in a speech addressing an ...

Jan-Feb industrial profit more than doubles

BEIJING: Profits in China's major industrial enterprises more than doubled in the first two months this year compared with a year earlier, the National Bureau of Statistics (NBS) said Friday. The NBS attributed the strong growth to economic recovery, growing demand and a low ...

Drought causes severe forest losses in China

BEIJING: The lingering drought in Southwest China has caused heavy forest losses, said the State Forestry Administration (SFA) Thursday. The drought has damaged saplings, held back forestation efforts, led to forest fires and spoiled the habitat for wild animals, said the SFA. ...

Mainland reports trade volume hike with Taiwan, HK

BEIJING: The trade volume between the Chinese mainland and Taiwan reached $18.9 billion in the first two months of 2010, a nearly 80 percent growth year-on-year, according to a report posted on the Ministry of Commerce website. The figure included $3.7 billion of the Chinese ...

PetroChina spends $1.4b in parent finance unit

PetroChina Co will spend 9.62 billion yuan ($1.41 billion) to raise its stake and increase the capital in the parent's finance unit to facilitate funding as China's biggest oil company accelerates overseas acquisitions. The shareholding in China Petroleum Finance Co, majority ...

ICBC still world's most profitable lender in 2009

Special Coverage:2009 Annual Reports of Listed Companies The Industrial and Commercial Bank of China (ICBC), the country's largest bank by market value, remained the world's most profitable bank by posting 129.4 billion yuan ($18.95 billion) of after-tax profits last year, the ...

PetroChina's net profit down 9.7% last year

Special Coverage:2009 Annual Reports of Listed Companies Net profit totaled 103.39 billion yuan ($15.2 billion) while earnings per share was 0.56 yuan, down by 0.07 yuan, according to the statement.

China imports more dairy products through Shanghai Port

SHANGHAI: A total of 27,000 tons of dairy products valued at $60 million were imported through Shanghai Port in the first two months of this year, said the local branch of China Customs. The imports were up 8.3 percent year-on-year, and the value rose 25.5 percent, said a ...

300 times more Russian electricity imported in '09

HARBIN - The electricity China imported from Russia saw a surge in 2009, up more than 316 times than in 2008 to reach 738 million kilowatt-hours, according to the latest statistics from north China's Harbin Customs. North China's Heilongjiang province took 100 percent of the ...

Huayi Brothers announces hefty dividend payout

Huayi Brothers Media Corp has announced a hefty dividend plan after its net profit grew by 24.22 percent year-on-year to 84.55 million yuan and revenue rose by 47.59 percent to 604.14 million yuan, the company said in its annual report Thursday. Under its dividend distribution ...

Bank of China FY profit at 81b yuan

BEIJING: Chinese banks are likely to maintain their position as the world's most profitable lenders, as record lending last year helped bolster the world's third-largest economy amid the financial crisis, strengthening their profitability. The Bank of China, the nation's third ...

Mainland invests $69m in Taiwan since June

TAIPEI: Since it opened up the island to the mainland investment in June last year, the Taiwan authority had approved 38 investment projects from the mainland totaling $68.68 million by the end of February. According to the Taiwan economic authorities, the majority of investment ...

China expects Q1 inflation rate between 2% to 2.5%

BEIJING - China's year-on-year inflation rate was expected to be between 2 to 2.5 percent for the first quarter this year, the country's top economic planner said here Tuesday. The consumer price index (CPI), a main gauge of inflation, would see a "moderate increase" in the first ...

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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