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Automakers' May production, sales down on-month

BEIJING - Chinese automakers' production and sales posted year-on-year growth in May but contracted on a month-on-month basis because of a periodic fluctuation, the China Automotive Technology and Research Center (CATRC) said Tuesday. Chinese automakers produced 1.31 million ...

China's May manufacturing expands at slower pace

Chinese manufacturing expanded at a slower pace in May, adding to signs that growth may moderate in the world's third-biggest economy. The Purchasing Managers' Index fell to 53.9 from 55.7 in April, seasonally adjusted, the Federation of Logistics and Purchasing said in an e...

China's May PMI falls to 52.7

Chinese manufacturing grew at a slower pace in May, a survey of purchasing executives showed. A purchasing managers' index released today by HSBC Holdings Plc and Markit Economics fell to 52.7 in May from a revised 55.2 in April. A number above 50 indicates an expansion .

PBOC sells $2.2b one-year bills

The People's Bank of China sold one-year bills at a yield of 2.0096 percent, compared with 1.9264 percent last week, according to traders at Agricultural Bank of China and Bank of China Ltd. That was the first time the central bank pushed up the interest rates on one-year bills ...

New loans expected to drop to 600b yuan in May

The average monthly new loan volume is expected to be 600 billion yuan in May and June, to keep the total new loan amount at 2 trillion yuan for the second quarter, the Shanghai Securities News reported Friday. China's new loans stood at 774 billion yuan in April. New policies ...

Brilliance China sees a 'very satisfying' profit in 2010

HONG KONG: Brilliance China Automotive Holdings said it expects to post a "very satisfying" profit this year on strong demand for cars produced by its joint venture with Germany's Bayerische Motoren Werke AG. The Brilliance-BMW joint venture sold 22,000 cars in the first four ...

China IPOs post world's biggest gains of 2010

China has the world's worst performing equity market this year and the best returns on initial public offerings. While the Shanghai Composite Index has slid 19 percent for the steepest drop among the 10 largest stock markets, IPOs are beating the country's benchmark equity ...

China Jan-April profits up 91.5% year-on-year

BEIJING - Industrial profits in China rose 91.5 percent in the first four months of the year from the same period a year earlier, according to a wide sample of provinces, the statistics agency said on Friday. The data covered industries operating in 24 of the country's 31 ...

Macao's unemployment rate remains at 3%

MACAO - Macao's unemployment rate for the period of February to April this year stood at three percent, a slight increase of 0.1 percentage point over the previous period of January to March, according to the figures released on Thursday by the city's Statistics and Census ...

HK's exports value surges over 20% in April

HONG KONG - Hong Kong's total exports and imports value showed significant year-on-year increases in April, at 21.7 percent and 28.8 percent respectively, according to the statistics released by the Census and Statistics Department of the Hong Kong government on Thursday. The ...

Demand for skilled labor set to fuel higher wages: Poll

SHANGHAI - Rising demand for skilled workers is set to push up wages in the eastern economic hub of Shanghai and neighboring cities in the Yangtze River Delta region, a survey by a domestic human resource institute has showed. The survey by Shanghai-based CIIC HR polled 400 ...

China's funds outstanding for forex hits 20t yuan

Chinese financial institutions held 20.35 trillion yuan ($2.98 trillion) funds outstanding for foreign exchange by the end of April, up 286.31 billion yuan from March, the Shanghai Securities News reported Thursday, citing data from the People's Bank of China. Generally speaking, ...

China may see fuel surplus next year, PetroChina says

China, the world's second-biggest energy user, may face a surplus of fuel including diesel next year as refiners add oil-processing capacity. The oversupply may increase to 80 million metric tons by 2015, Fu Bin, deputy general manager of PetroChina Co's sales unit, said at an ...

China probes property cost structure in 35 cities

The Ministry of Land and Resources said it will survey the cost structure of residential property as part of its annual investigation of land prices. The survey covers 35 cities, including Beijing, Shanghai and Guangzhou, and the result is due on July 15. The National Bureau of ...

More than 140 Chinese enterprises listed at Nasdaq

More than 140 Chinese companies have been listed at Nasdaq, an increase of nearly 3 times from three years ago, said Robert McCooey, Nasdaq senior vice president, in north China's Inner Mongolia autonomous region Tuesday. Leading a group of Nasdaq Corporate delegation members, ...

China's Container Freight Index on sharp rise in May

China Containers Average Freight Index, a barometer of China's shipping market, has showed a consecutive rise of the container freight price in May. The average comprehensive index on shipping routes between China and North American countries has risen by 200 points in May from 2...

Automaker sees vehicle sales dropping in Q4

SHANGHAI - SAIC Motor Corp, China's largest domestic automaker, expects its first-half sales to increase to more than 1.65 million vehicles from 1.23 million a year earlier, President Chen Hong said. SAIC, which makes vehicles with General Motors Co and Volkswagen AG, forecasts ...

Pearl River Delta enterprises less dependent on HK support: survey

HONG KONG - There is a sharp decrease in the level of dependence on support from Hong Kong by businesses operating in the Pearl River Delta (PRD), from 10 years ago, a survey by the Hong Kong-based Chinese Manufacturers' Association (CMA) showed Tuesday. The survey, titled ...

SAFE:No big hot money flows into nation

But SAFE admits 'small-scale' speculative funds entered realty BEIJING - China is not facing large-scale cross-border inflows of hot money, the country's foreign exchange regulator said on Tuesday as concerns grow about rising speculative foreign capital. But the State Administra...

CCB sees 17% increase in green-credit business loans in 2009

BEIJING - China Construction Bank (CCB), one of the country's four leading State-owned lenders, saw a sharp increase in its green-credit business in 2009 with outstanding loans totaling 181.1 billion yuan ($26.6 billion). In CCB's fourth social responsibility report issued ...

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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