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China's fiscal revenue up 34% in April

BEIJING - China's fiscal revenue in April rose 34.4 percent year on year to 792.6 billion yuan ($116.03 billion), boosted by rising tax revenues and domestic prices, the Ministry of Finance (MOF) announced Tuesday.The rise was also a result of less consumption tax in the same ...

China April new lending top 774b yuan

China's new yuan-dominated lending in April expanded to 774 billion yuan ($113.35 billion) from 510.7 billion yuan in March, the People's Bank of China, the central bank, said in a statement Tuesday. It was also an increase of 182.2 billion yuan from the same period last year, ...

China's April CPI up 2.8%, further rises expected

China's consumer price index (CPI), a main gauge of inflation, increased by 2.8 percent year-on-year in April, the National Bureau of Statistics (NBS) announced today. Special Coverage:China Biz & Economic Statistics The April CPI figure of this year was consistent with market ...

China April PPI up 6.8%

China's producer price index (PPI), a major measure of inflation at the wholesale level, increased by 6.8 percent year-on-year in April, the National Bureau of Statistics (NBS) announced today. Special Coverage: China Biz & Economic Statistics.

China's housing price up 12.8% in April

Housing prices rose 12.8 percent in April from a year earlier in China's 70 large and medium-sized cities, the National Bureau of Statistics (NBS) said on Tuesday. That was 1.1 percentage points higher than March's housing price rise. Special Coverage: China Biz & Economic ...

China's urban fixed-asset investment up 26.1% in April

China's urban fixed-asset investment increased by 26.1 percent year-on-year to 4.674 trillion yuan ($684.63 billion) in the first four months of this year, the National Bureau of Statistics (NBS) announced today. Special Coverage:China Biz & Economic Statistics The growth ...

Growth in China passenger car sales slows in April

SHANGHAI - Growth in China's passenger car sales slowed to 34 percent in April as a yearlong surge in demand began to falter, a private research group reported Monday. Sales had jumped 63 percent in March from a year earlier. The 1.11 million cars sold in April was down 12 ...

Chinese listed firms see 565 M&As in 5 years

Given the backdrop of China's improving capital market, Chinese listed enterprises launched 565 merger and acquisitions (M&As) between 2005 and 2009, the Shanghai Securities News reported Monday, citing data from Zero2IPO Research Center. The total value of these M&As stood at ...

China's trade surplus hits $1.68b, down sharply in April

BEIJING: China posted a trade surplus of $1.68 billion in April, down 87 percent from a year earlier, the General Administration of Customs (GAC) said on Monday. According to the GAC figures, China's exports in April totaled $119.92 billion, up 30.5 percent from a year ago and 6...

Bankcard holders more willing to spend

BEIJING: Chinese bankcard holders' were increasingly willing to spend in April as optimism about the Chinese economy grew, the latest consumer confidence figures showed Sunday. The Bankcard Consumer Confidence Index (BCCI) stood at 86.80 in April, up 2.67 year-on-year but ...

Rural home appliance subsidy boosts sales 5 folds

BEIJING - China's subsidy program for home appliance purchases in rural areas continued to boost sales in the first four months of the year, the Ministry of Commerce (MOC) said Friday. Sales of subsidized home appliances in China's rural area surged 510 percent year-on-year to 41...

China Q1 energy use per unit of GDP rises

China used 3.2 percent more energy per unit of gross domestic product in the first quarter, adding to pressure to cut consumption for the rest of 2010, Premier Wen Jiabao said. "Rapid growth" in industries including power generation, steel, nonferrous metals, construction ...

Major retailers see faster growth in Q1

Retail sales of major categories of goods grew faster in the first quarter of this year compared with the same period of 2009, the Ministry of Information and Industry Technology said in a report Thursday. Sales of home appliances rose 24.2 percent year-on-year, compared with a 6...

China's culture industry hit 800b yuan in 2009

The scale of China's culture industry in the global market hit 800 billion yuan ($117.18 billion) in 2009, according to a report jointly issued by the culture research center of Chinese Academy of Social Sciences (CASS) and Social Sciences Academic Press, chinanews.com reported. ...

China's Q1 coal use rises, wind power output jumps

China, the world's biggest coal user, increased consumption of the fuel by 17 percent to 864 million tons in the first quarter, the National Development and Reform Commission said in a statement on its website yesterday. Power output from coal-fired stations rose 24 percent to ...

Macao's gaming revenue hits record high in April

MACAO - Macao's gaming sector raked in 14.1 billion patacas ($1.76 billion) in April 2010, which was the highest monthly revenues on record, the Portuguese news agency Lusa reported on Tuesday. The total income of local gaming sector for last month increased dramatically by 70 ...

China's int'l investment position for 2009 released

China's net external financial assets topped $1.82 trillion at the end of 2009, up 22 percent from a year ago, according to a latest statement on China's international investment position. At the end of last year, China's external financial assets totaled $3.46 trillion, up 17 ...

Canton Fair contracts up

GUANGZHOU - Despite a rebound in contracts signed at the world famous Canton Fair, which concluded Wednesday, Chinese exporters still remain cautious about the global trade outlook. The 107th China Import and Export Fair, or the Canton Fair, saw the value of export contracts up ...

Sales of home-made cars up 40% in April

Chinese consumers' enthusiasm for cars boosted auto sales in April, figures from the China Automotive Technology and Research Center (CATRC) showed Tuesday. Sales of domestically made vehicles (excluding exports) hit 1.39 million in April, up 9.8 percent from March and 40 percent ...

Chinese listed firms' net profit up in Q1

The net profit of China's 1,837 companies listed on the Shanghai and Shenzhen bourses hit 345.03 billion yuan ($50.52 billion) in the first quarter, up both year-on-year and quarter on quarter, the Shanghai Securities News reported Tuesday. The companies' revenues in the period ...

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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