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China-Georgia trade volume grows 86%

BEIJING - The bilateral trade volume between China and Georgia grew 86 percent year-on-year to $46.77 million in the first two months this year, said a statement posted on the Ministry of Commerce's website Monday. Georgia's exports to China amounted to $3.02 million in the first ...

China' PMI of non-manufacturing sector rises to 58.4% in March

BEIJING - China's Purchasing Managers' Index (PMI) of the non-manufacturing sector rose to 58.4 percent in March, 12 percentage points higher than the previous month, the China Federation of Logistics and Purchasing (CFLP) said Saturday. The PMI, designed to provide a real-time ...

China's daily stock turnover down 35% in Feb

BEIJING - China's average daily stock trading volume at the Shanghai Stock Exchange shrank 35.2 percent month-on-month to 96.85 billion yuan ($14.2 billion) in February, the People's Bank of China (PBOC) said Thursday. China's stock market was closed from February 13 to 19, for ...

China's PMI of manufacturing sector up in March

BEIJING: The Purchasing Managers' Index (PMI) for China's manufacturing sector stood at 55.1 percent in March, up 3.1 percentage points from last month, the China Federation of Logistics and Purchasing (CFLP) said Thursday. It was the 13th straight month that the index was above ...

CNOOC Ltd's net profit falls 33.6% in 2009

BEIJING: China National Offshore Oil Company Limited (CNOOC Ltd), a listed subsidiary of China National Offshore Oil Corporation (CNOOC), Wednesday announced its annual net profit dropped 33.6 percent in 2009 to 29.49 billion yuan ($4.32 billion). In a statement filed to the Hong ...

China's 3G users hit 16m by February

BEIJING - The number of China's 3G users has kept increasing and rose to 16.06 million last month, according to figures released Wednesday by the the Ministry of Industry and Information Technology. In February alone, an additional 1.52 million users became 3G service subscribers...

China's top 100 retailers see big sales rise in Jan-Feb

BEIJING - China's top 100 retailers reported sales increases of 24 percent on average in the first two months this year, indicating the retail market had rebounded to pre-crisis levels, according to figures released Wednesday by the Ministry of Industry and Information Technology...

Huawei net profit more than doubles last year

BEIJING - Huawei, a China-based leading telecommunications solutions provider, said Wednesday its net profit in 2009 reached 18.3 billion yuan ($2.68 billion), more than double that in the previous year. Net profit for 2008 was 7.85 billion yuan. Business revenue was 149.1 ...

China's bicycle output, exports down upon crisis effect

TIANJIN - China produced 76.06 million bicycles last year, a decline of 13.2 percent from the previous year, Ma Zhongchao, head of China bicycle industry association, said Tuesday. The decline rate was the biggest for the industry since 1996. Exports also went down 18.2 percent ...

Textile company Zhejiang Furun's 2009 profit jumps 900%

Zhejiang Furun Co Ltd, a silk spinning and weaving company based in East China's Zhejiang province, said Tuesday its 2009 profit jumped over 900 percent on a used army uniform recycling project and a machinery upgrade. Total profit in 2009 soared 909.1 percent year-on-year to hit ...

Offshore Oil Engineering 2009 profit down 11.5%

BEIJING - Offshore Oil Engineering Co Ltd, an offshore oil project construction company affiliated with State-owned China National Offshore Oil Corporation, said Tuesday its 2009 profit dropped 11.5 percent even as its revenues rose. Special Coverage:2009 Annual Reports of Listed ...

China Construction Bank reports 15% net profit rise in 2009

BEIJING: China Construction Bank (CCB), one of the four leading lenders in China, announced Sunday that its net profit rose 15.32 percent year-on-year to 106.84 billion yuan ($15.65 billion) in 2009. The CCB's operating income decreased 0.12 percent in 2009 over 2008 to 267.2 ...

Q1 urban fixed-asset investment up 25.6%

China's urban fixed-asset investment increased by 25.6 percent year-on-year to 3.53 trillion yuan in the first three months, the National Bureau of Statistics (NBS) announced today. The growth rate was 3.2 percentage points lower than the same period of 2009.

China's GDP grows 11.9% in Q1, CPI up 2.2%

BEIJING - China's gross domestic product (GDP) grew 11.9 percent year on year in the first quarter to 8.06 trillion yuan ($1.19 trillion), the National Bureau of Statistics (NBS) announced Thursday. The increase is 5.7 percentage points higher than the same period last year when ...

China's retail sales up 17.9% in Q1

China's retail sales increased by 17.9 percent in the first quarter over the same period last year, and totaled 3.64 tillion yuan ($533 billion), the National Bureau of Statistics (NBS) announced today. March retail sales rose 18 percent year on year to 1.13 trillion yuan, the ...

China's Q1 PPI up 5.2%

China's producer price index (PPI), a major measure of inflation at the wholesale level, increased by 5.2 percent year-on-year in the first quarter of 2010, the National Bureau of Statistics (NBS) announced today. March's PPI rose 5.9 percent from the previous year, the NBS said.

China's CPI up 2.2% in Q1

China's consumer price index (CPI), a main gauge of inflation, increased by 2.2 percent in the first quarter from the previous year, the National Bureau of Statistics (NBS) announced today. CPI growth in March was 2.4 percent year-on-year.

China GDP rises 11.9% in Q1

China's economy grew 11.9 percent year-on-year in the first quarter, up 5.7 percentage points from the same period of last year, the National Bureau of Statistics (NBS) said today. NBS spokesman Li Xiaochao told a press conference that China's GDP totaled 8.05 trillion yuan ($1...

China Merchants Bank 2009 net profit declines 13.5%

BEIJING - China Merchants Bank Chairman Qin Xiao said a growing net interest margin is likely to buoy the lender's profitability this year after its earnings declined 13.5 percent in 2009. "We saw the margin widen to 2.56 percent in the first quarter and expect it to grow ...

Land transfer revenue jumps 43% in 2009

BEIJING: China's land transfer revenue jumped 43.2 percent year-on-year in 2009 to hit 1.42 trillion yuan ($208.49 billion), as the nation's property market boomed. Land transfer fees fell 19.7 percent in the first half of last year as the global financial crisis dampened ...

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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