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Youngor sees net profit more than doubled in 2009

BEIJING: Chinese clothing manufacturer Youngor Group Company Limited (Youngor) reported Tuesday that its net profit in 2009 more than doubled from a year earlier. Special Coverage:2009 Annual Reports of Listed Companies The company attributed the surge in net profit mainly to its ...

Refined copper imports up

SHANGHAI: Refined copper imports by China advanced 12 percent in February from a month earlier as demand rose and scrap supply fell. Inbound shipments were 220,530 metric tons, the customs office said on Monday. That's up from 196,926 tons in January and was down 19 percent from ...

Profits surge at SOEs in wake of global rebound

Fuelled by a rebound in the global economy, the profits of China's State-owned enterprises (SOEs) rocketed to 250.32 billion yuan in the first two months of this year, an 88.9 percent rise on the same period last year. The centrally administered SOEs, of which there are 128, ...

German exports to China up 7% in 2009

BERLIN: German data show that the country's exports to China rose by 7 percent last year despite an overall decline that saw it lose its status as the world's biggest exporter to the rising Asian power. The Federal Statistical Office said Monday Germany exported goods worth 36.5 ...

China expects 5% growth of net oil import in 2010

BEIJING - China's net oil imports are expected to total 210 million tons this year, National Energy Administration (NEA) said Monday. The volume would be about 11 million tons, or 5.5 percent, higher that last year, said Huang Li, vice director of Energy Saving and Science ...

Central SOEs' Jan-Feb profit hits 135b yuan

BEIJING: China's 127 centrally-administered state-owned enterprises (SOEs) reported total gross profits of 134.8 billion yuan ($19.77 billion) in the first two months, up 121 percent year-on-year, said a statement on Friday. According to the statement posted on the website of ...

China's dependence on imported iron ore hits 70%

China's dependence on foreign iron ore approached about 70 percent in 2009, 13 percentage points higher than the previous year, said a Shanghai Securities News report on Friday, citing a government official. Special Coverage:Refocus on Iron Ore Talks Brazilian mining giant Vale ...

HK goods exports up 18.5% in January

HONG KONG - Hong Kong's total goods exports grew 18.5 percent and goods imports surged 37.1 percent in January, compared with the previous year, the authority said on Thursday. According to the Hong Kong Census & Statistics Department, January saw the volume of goods re-exports ...

HK's jobless rate falls to 4.6%

HONG KONG - Hong Kong's unemployment rate fell to 4.6 percent in the December to February period, from 4.9 percent in the November-January quarter, the Census and Statistics Department said on Thursday. According to the department, the 4.6 percent figure was the lowest since ...

Auto parts maker returns to profit in '09

Sichuan Hejia Co, a privately-owned auto parts manufacturer based in southwest China, Thursday reported a profit in 2009, a turnaround after its losses the previous year. Special Coverage:2009 Annual Reports of Listed Companies According to the report, its earnings per share ...

SOEs' profits hit 250b yuan in Jan-Feb

China's State-owned enterprises (SOEs) gained 250.32 billion yuan in profits in the first two months this year, up 88.9 percent year-on-year, the Ministry of Finance said Thursday. Centrally-administered SOEs and their subordinate enterprises' profits totaled 187 billion yuan in ...

Tencent net profits top 5.16b yuan in 2009

Net profits of Tencent Holdings Ltd, China's biggest Internet company by market value, hit 5.16 billion yuan ($755.9 million) last year, up 85.2 percent year-on-year, according to the company's annual report on its website Wednesday. Tencent's revenue totaled 12.44 billion yuan ...

HK exporters confidence continues to improve

HONG KONG - The confidence level of Hong Kong exporters has improved over the past few months, according to a survey released Tuesday by the Hong Kong Trade Development Council (HKTDC). The HKTDC Export Index increased to 55.1 in the first quarter. This marks the first time in ...

Macao Jan hotel occupancy rate up at 81.6%

MACAO - The average occupancy rate of Macao's hotel sector soared by 16 percentage points year-on-year to 81. 6 percent in January, with four-star hotels leading at 87.8 percent, according to the figures released Tuesday by Macao's Statistics and Census Service (DSEC). At the end ...

Alibaba says Q1 net profit rises 33.8%

HONG KONG: Chinese e-commerce company Alibaba Group said Thursday its net profit in the first quarter this year rose 33.8 percent year-on-year to 330 million yuan ($48.3 million), which also represented a quarter-on-quarter increase of 17.4 percent. In a statement filed to the ...

China car prices slightly down in April from March

BEIJING: Prices of China-made cars fell slightly in April from March, the second monthly drop in a row, said a report from the price monitoring center under the National Development and Reform Commission (NDRC), China's top economic planner, Thursday. Prices of domestically-made ...

China's FDI growth leaps to 25% in April

FUZHOU: The foreign direct investment (FDI) China received in April rose by 25 percent year-on-year compared with March's 12.08 percent, said an official from Ministry of Commerce Thursday. The figure brought FDI growth for the first four months to 11.3 percent from a year ...

32% of retail sales in China done via bankcards

BEIJING - Bankcard transactions totaled 6.86 trillion yuan (US$1 trillion) in China last year, accounting for 32 percent of the country's total retail sales, the People's Bank of China, the central bank, announced Thursday. A total of 3.49 billion transactions were made with ...

China's foreign currency loans fall in April

New foreign currency loans in China fell $4.9 billion month-on-month to $5.2 billion in April, and analysts attribute the plunge mainly to the scarcity of foreign currency in the country, the 21st Century Business Herald reported Wednesday. China's foreign currency loans were ...

China's tax revenue rises 33.2% in Jan-April

BEIJING - China's tax revenue rose 33.2 percent year-on-year to 2.63 trillion yuan ($384.77 billion) in the first four months, on the back of a consolidated economic recovery and a low comparison base, the State Administration of Taxation said Wednesday. Value-added, corporate ...

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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