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Macao's CPI up 2.56% in April

MACAO - Macao's Composite CPI (consumer price index) for April 2010 went up slightly by 2.56 percent over the same month last year to 103.68, which was attributable to the price increase of Food and non-alcoholic beverages and Transport, according to the figures released ...

Majority shareholders in buyback boom

Majority shareholders are in a buyback boom amid China's sluggish market, the China Business News reported Wednesday. As of May 18, majority shareholders of 19 listed companies spent as much as 3.27 billion yuan buying back their stocks on the secondary market, according to ...

Integration plan promotes radio, TV and film

Revenue generated from China's radio and television products are predicted for the first time to hit 200 billion yuan ($29.29 billion), and as domestic box office sales accumulated 3 billion yuan in the first quarter of 2010, the total revenue from China's film products this year ...

China wheat output may be flat at 110m tons

China's wheat output this year may remain "basically flat" at 110 million metric tons, the China National Grain & Oils Information Center said today in a report. The country's rapeseed output will fall by 800,000 tons to 1 million tons, it added.

Changing market leaves many grads without jobs

Of the 219,000 college graduates in Beijing who will graduate in July, around 84,500 have already found jobs as of May 14, according to figures released by the government on Tuesday. The graduate employment rate is 38.6 percent, a percentage that is two points higher than last ...

HK's jobless rate stays at 4.4%

HONG KONG - Hong Kong's unemployment rate held stable at 4.4 percent in the February-April period, remaining the lowest level since the fourth quarter of 2008, the Census and Statistics Department of Hong Kong said Tuesday. Compared to the January-March quarter, falls in the ...

HK's air cargo traffic surges 38% in April

HONG KONG - Hong Kong International Airport registered positive growth in air cargo tonnage for the seventh month in a row, up 38 percent year-on-year, to 354,000 tons in April, Hong Kong's Information Services Department said Monday. The strong cargo growth was mainly attributed ...

China Life Jan-April premiums up 5.5%

China Life Insurance (Group) Company, the country's top insurer, announced Tuesday its premium income topped 132.9 billion yuan ($19.5 billion) in the first four months of the year, up 5.48 percent year-on-year. The company made the announcement in a document filed to the ...

Women now main target of tobacco firms

BEIJING - The number of female smokers in the country may see a sharp rise as Chinese women have become the main target of tobacco companies, a government official said on Tuesday. Li Xinhua, a division chief with the Ministry of Health's department of women, children and ...

China CPI to be around 3% in May, June: NDRC

China's consumer price index (CPI), a main gauge of inflation, is expected to grow by about 2.5 percent for the first half of this year, the National Development and Reform Commission (NDRC) said in a statement released here Tuesday. The top economic planner projected a 3 percent ...

Macao's resident deposits up 2.9% in March

MACAO - Macao's resident deposits reached 210.8 billion patacas ($26.6 billion) in March, an increase of 2.9 percent over the previous month, according to the figures released on Monday by the Monetary Authority of Macao special administrative region (SAR). Of March's resident ...

China's purchase of US long-term securities up in March

WASHINGTON - China boosted purchases of US long-term securities by 2 percent to $895.2 billion in March, the first increase in six months, reported the US Treasury Department on Monday. The department said that foreign net purchases of US long-term securities were $140.5 billions ...

Home trading volume down, prices still high

Housing trading volume in some Chinese cities slumped 60 percent since the central government released 10 tightening polices to curb the overheated property market a month ago, but the average transaction price still stuck to the high end and some property developers even raised ...

Property sector accounts for more than 50% of Beijing's capital input

China's capital reported 110.37 billion yuan ($16.18 billion) in fixed-assets investment in the first four months, a growth of 32.5 percent on the same period of last year. The total included in 55.59 billion yuan in real estate development, up 64.4 percent. Of the investment in ...

Jiangxi sells more to emerging markets

East China's Jiangxi province recorded $4.95 billion in foreign trade in the first four months of this year, a growth of 47 percent from the same period of last year. The total included $2.76 billion in exports, up 41.6 percent, and $2.19 billion in imports, up 54.4 percent. The ...

Automaker profits surge in first quarter

BEIJING - Most domestic carmakers reported surging profits in the first quarter this year as sales boomed, but experts say the windfall is not likely to continue. According to statistics from the China Association of Automobile Manufacturers (CAAM), 17 major automakers had ...

HK GDP grows 8.2% in Q1

HONG KONG - Hong Kong's gross domestic product (GDP) grew 8.2 percent year-on-year in real terms in the first quarter of 2010, the fastest since 2006, a government report showed Friday. On a seasonally adjusted quarter-to-quarter comparison, Hong Kong GDP rose 2.4 percent in real ...

China's April electricity consumption rises 23%

BEIJING: China's electricity consumption rose 23.1 percent year-on-year to 339.4 billion kilowatt-hours (KWhs) in April, the National Energy Administration (NEA) said in a statement on its website Friday. The growth rate was two percentage points higher than March, indicating the ...

Trade between Jiangsu and Taiwan up 92%

Trade between the economically-developed Jiangsu province in eastern China and Taiwan amounted to $11.33 billion in the first four months of this year, a growth of 91.9 percent on the same period of last year. The total included $2.2 billion in export value, up 81 percent, and $9...

China May property sales drop in Shanghai, Beijing

Property sales in Beijing, Shanghai and Shenzhen fell as much as 70 percent in May as developers delay sales following government tightening measures. In China's capital Beijing property signings slumped nearly 70 percent to 3,357 in May from April, the Shanghai Securities News ...

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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