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Home prices soar nearly 12% in March

BEIJING: China's property market continued to hot up in March with home prices in major cities growing at a double-digit pace, even as the government tries to rein in prices, official data released Wednesday showed. Home prices in China's 70 large and medium-sized cities ...

China's FDI up 7.7% in Q1

BEIJING: Foreign direct investment (FDI) to China increased 7.7 percent year-on-year to $23.44 billion in the first quarter, vice commerce minister Ma Xiuhong said here Wednesday. A total of 5,459 overseas-funded ventures were established in the past three months, up 19.9 percent ...

Housing prices climb 11.7% in March

Housing prices in China's 70 large and medium-sized cities increased 11.7 percent in March from a year earlier, according to data released Wednesday by the National Bureau of Statistics (NBS). Prices of new homes in March rose 14.2 percent year on year; prices of secondhand homes ...

China's March property prices jump a record 11.7%

China's property prices rose at a record pace in March, indicating more drastic measures may be needed amid concern of a bubble in the nation's housing market. Residential and commercial real-estate prices in 70 cities climbed 11.7 percent from a year earlier, the National Bureau ...

China Merchants Bank 2009 net profit falls

BEIJING: China Merchants Bank, the country's six largest lender, said late Tuesday both its net profit and revenues declined in 2009 from the previous year. In a statement filed with the Shanghai Stock Exchange, the Shanghai-based lender said its net profit fell by 13.48 percent ...

Boom continues for Beijing's second-hand home market in Q1

BEIJING - Beijing's real estate market continued to expand in the first three months of the year despite the government's intensive moves to rein in the sky-rocketing property prices. The average second-hand home price hit 15,692 yuan (US$2,298) per square meter in March, a rise ...

Iron ore imports surge in first quarter

According to the latest statistics from the General Administration of Customs, the first quarter of 2010 witnessed an unprecedented prosperous spot market with record high iron ore imports of 155 million tons, up 18 percent from the same period of last year,, the Shanghai ...

China's copper consumption to grow 14% this year

Copper consumption in China, the world's largest consumer of the metal used in appliances and automobiles, may gain 14 percent this year as the economy extends a recovery, according to CRU International Ltd. Consumption reached 5.94 million metric tons in 2009, expanding by more ...

China Southern Airlines swings to profit in 2009

BEIJING - China Southern Airlines Company Limited (China Southern) swung to a net profit of 358 million yuan (52.49 US$million) in 2009 after posting a 4.8 billion yuan of loss in 2008. Earnings per share rose to 0.05 yuan, compared with a 0.74 yuan loss in 2008, according to its ...

China's Q1 power consumption jumps 24%

China's electricity consumption in the first quarter rose 24.19 percent year-on-year to 969.5 billion kilowatt-hours (kWhs), the National Energy Administration (NEA) said in a statement on its website Tuesday. The figure was 10.5 percentage points higher than the January and ...

Geely full year revenue soars to 14b yuan on record sales

BEIJING: Geely Automobile Holdings Ltd, the Chinese automaker whose parent company is buying Volvo Cars from Ford Motor Co, said profit rose on higher car demand and on increased stakes in its operating units. Net income for the year ended Dec 31 rose to 1.18 billion yuan ($173 ...

Land prices fall in China's cities except Beijing in Mar

BEIJING - The average land prices in 70 key cities fell 31 percent in March over February as the country's measures to curb property prices "start working", a report from the China Land Surveying and Planning Institute (CLSPI) said. Land supplies in 70 large- and medium-sized ...

HK air cargo tonnage up 37.5% in Q1

HONG KONG - Hong Kong Air Cargo Terminals Limited (Hactl) announced Monday total volumes handled by Hactl for the first quarter this year registered a significant growth of 37. 5 percent, compared with the same period in the previous year. Hactl handled 636,743 tons of cargo in ...

China's forex reserves rise to 2.45 trillion USD

BEIJING - China's foreign exchange reserves hit a new high of US$2.4471 trillion by the end of March, up 25.25 percent year on year, the People's Bank of China (PBOC), the central bank, announced Monday.China's foreign exchange reserves increased by US$47.9 billion in the first ...

Big Four extend $40b new loans in March

China's four biggest banks contracted new loans of 265.8 billion yuan ($38.93 billion) in March, making their total lending for the first quarter of this year 1.04 trillion yuan, Century Weekly reported Monday. Agricultural Bank of China extended 275.4 billion yuan in new loans ...

China's new loans reach 2.6t yuan in Q1

China's new yuan-denominated lending in March slump to 510.7 billion yuan ($74.8 billion) from February's 700.1 billion yuan , the People's Bank of China, the central bank, said Monday. The March figure brought new yuan-denominated loans in the first quarter to 2.6 trillion yuan, ...

China's forex reserves rise to $2.45t

China's foreign exchange reserves hit a new high of $2.4471 trillion by the end of March, up 25.25 percent year-on-year, the People's Bank of China, the central bank, announced Monday .

China's Jan-March new car sales up 2.67%

New motor vehicle sales in China in the first three months of the year gained 2.67 percent year-on-year to hit 4.98 million, bringing the total number of motor vehicles in China to about 192 million, figures released by the Ministry of Public Security showed on April 9. Sales ...

China auto sales jump 56% year-on-year in March

China's auto sales continued their strong growth in March, fueled by government incentives designed to boost domestic consumption. Auto sales in China climbed 55.79 percent from a year earlier to about 1.74 million units in March, the China Association of Automobile Manufacturers ...

HK's foreign currency reserve assets reach $258.8b in March

HONG KONG - The Hong Kong Monetary Authority announced Friday that Hong Kong's official foreign currency reserve assets added $600 million in March to a total of $258.8 billion. Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of ...

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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