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China's refining capacity may rise 50%, Sinopec says

China, the world's second-biggest energy consumer, may increase its annual crude-oil refining capacity by 50 percent in the next five years to meet rising demand in the fastest-growing major economy. Plants in China may be able to refine 750 million metric tons of crude oil ...

Chinese investment in Egypt offers job opportunities

CAIRO: Chinese investment in Egypt offers local people with tens of thousands job opportunities, Abdel Gelil El-Fahkrani, governor of Ismailia, told Xinhua in a recent exclusive interview. The governorate has attracted huge Chinese investment to its industrial zones and the Qntra ...

GM China JV to raise capacity nearly 50% by 2012

SHANGHAI - General Motor's and its Chinese partners are expanding their mini-van and pick-up truck venture, a move which would boost capacity by nearly 50 percent by the end of 2012, the venture said in a statement. SAIC-GM-Wuling, a three-way tie-up between GM, SAIC Motor Corp ...

China's e-commerce volume exceeds 1t yuan in Q1

China's e-commerce transaction volume surged to 1.02 trillion yuan in the first quarter of this year, the Securities Times reported Monday, citing data from iResearch Consulting Group. E-commerce has become the focus of Internet-related industries, the Shanghai-based research ...

20% of college grads willing to work for free

College graduates became more realistic toward employment this year, and 20 percent of them would accept zero payment, a big jump from last year's 1.2 percent, the Beijing Times reported Monday, citing a survey. The 2010 college graduates employment pressure survey was conducted ...

Chinese business assets grow to $3.9 trillion

Global Chinese business assets grew to $3.9 trillion in 2009, a 56 percent growth from 2008, and a slight 5 percent rise compared with $3.7 trillion in 2007, according to the 2009 World Chinese Entrepreneurs Development Plan released by the China News Agency special seminar group ...

China's installed power capacity to reach 900m kW by year end

BEIJING - China's installed power generation capacity will surpass 900 million kilowatts by the end of 2010, Zhang Guobao, head of China's National Energy Administration, said Friday. China's installed power capacity has risen quickly in recent years, with the installed hydro...

China's electronic products industrial added value up 18% in April

BEIJING - The growth of China's electronic products industrial value-added output topped 18.2 percent in April year on year, the Ministry of Industry and Information Technology (MIIT) said Friday. The rate was 1.3 percentage points lower compared with March, but the ministry did ...

First month of futures trading ends smoothly

BEIJING - China's stock index futures wrapped up their first month of trading on Friday as the May contract was delivered smoothly without triggering sharp declines or volatility in the spot market. The May contract rose 0.51 percent to close at 2749.8 points while the June ...

HK exports by land rise 11.6% annually between 1999-2009

HONG KONG - The value of Hong Kong's total exports transported by land had recorded an average annual growth rate of 11.6 percent in the last 10 years, rising from HK$299.4 billion ($38.4 billion) in 1999 to HK$894.3 billion last year, the city's Census and Statistics Department ...

Baosteel Q1 net profits surge to 3.93b yuan

Baoshan Iron and Steel Co, or Baosteel, saw net profits of 3.93 billion yuan in the first quarter of this year, 43 times higher than the same period last year, the Shanghai Securities News reported Friday. The Shanghai listed steelmaker earned business revenue of 44.34 billion ...

China FDI up 11.28% in first four months

BEIJING: The foreign direct investment (FDI) in China reached $30.789 billion in the first four months of this year, an increase of 11.28 percent from a year earlier, the Ministry of Commerce said Friday. April alone saw a 24.69 percent growth in FDI to $7.346 billion, according ...

Macao house mortgages soar 6.2% in Q4 '09

MACAO - New residential mortgage loans (RMLs) approved by Macao banks in the fourth quarter of 2009 increased by 6.2 percent to 6.6 billion patacas ($835 million), according to the figures released Monday by the Monetary Authority of the Macao special administrative region (SAR). ...

ZTE 2009 profit up 48% on 3G business gains

BEIJING - ZTE Corporation, China's giant telecom equipment producer, said on Thursday its profit surged 48 percent in 2009 as the company rose to be the nation's biggest 3G telecommunications equipment maker last year. Profit jumped to 2.46 billion yuan ($361 million). Sales ...

Installed wind power capacity in N China region grows 40 times

HOHHOT - The installed capacity of wind power in north China's Inner Mongolia Autonomous Region grew over 40 times to 7.3 million kilowatts by the end of March from 170,000 kw in 2005, figures released Thursday by a local power company showed. "Around 20 percent of power in the ...

China targets 150m 3G users by 2011

BEIJING - China plans to have 150 million 3G mobile telecommunication users by 2011 while investment in 3G development will hit 400 billion yuan ($58.6 billion), the Ministry of Industry and Information Technology (MIIT) said in a statement on its Web site Thursday. The number of ...

China's electronic information industry reports fast recovery

BEIJING - China's large electronic information manufacturers recovered at a faster pace in the first two months of this year, according to figures released Tuesday by the Ministry of Industry and Information Technology (MIIT). The output, export volumes and operating revenue for ...

China's foreign debt grows 14.4% in 2009: SAFE

BEIJING - China's outstanding external debt reached $428.6 billion by the end of 2009, up 14.4 percent from a year earlier, the State Administration of Foreign Exchange (SAFE) said here in a statement on its website Tuesday. The figure excluded Hong Kong Special Administrative ...

China's external debts stand at $428.65b in 2009: SAFE

China's outstanding external debts, excluding those of Hong Kong, Macao, and Taiwan, amounted to $428.65 billion at the end of 2009, the State Administration of Foreign Exchange (SAFE) announced Tuesday. Outstanding long- and medium-term external debts stood at $169.39 billion, ...

China's railways see leap in passenger numbers in first quarter

BEIJING - China's railways transported a total number of 417.8 million passengers in the first quarter this year, up 9.3 percent year-on-year, the Ministry of Railways announced Friday. A total amount of 899.9 million tons of freight was transported in the first three months, up ...

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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