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Property developers see surging profits in Q1

Thanks to the continuing prosperity of the real estate market, Chinese property developers posted surging profits in the first quarter of this year, the Shanghai Securities News reported Tuesday. Four listed property developers revealed their first quarter reports Tuesday. China ...

Weichai Power net profit surges 76% in 2009

BEIJING: Weichai Power Co, a leading Chinese diesel engine maker, Tuesday announced its net profit in 2009 jumped 76.43 percent year-on-year. Special Coverage:2009 Annual Reports of Listed Companies Earnings per share reached 4.09 yuan, up 76.43 percent from a year earlier. Its ...

Liquor maker Wuliangye's Q1 net profit up 21%

BEIJING: Wuliangye Yibin Co Ltd, one of China's top liquor producers, announced Sunday evening that its net profit in the first three months rose 20.78 percent year-on-year to 1.522 billion yuan ($222.8 million). Operation revenue in the first quarter jumped 34.59 percent to 4...

Q1 power generation jumps 20% to 948.9b kWhs

BEIJING - China's electricity generation rose 20.8 percent year on year in the first quarter of the year to 948.9 billion kilowatt-hours (kWhs), the National Energy Administration (NEA) said Friday. Breaking the figures down, thermal, nuclear power and wind power generation ...

China creates 2.89m new jobs in Q1 2010

BEIJING - A total of 2.89 million new jobs were created in China's urban areas during the first three months this year, said the Ministry of Human Resources and Social Security (MOHRSS) Friday. From January to March, the urban unemployment rate fell 0.1 percentage points to 4.2 ...

Companies face rising costs of raw materials, labor

BEIJING: New data released Saturday reveal nearly 80 percent of Chinese entrepreneurs view rising costs of raw materials and labor as the biggest challenge for the future. Rising costs of raw materials and labor topped the list of challenges for Chinese enterprises in three to ...

China retail sales to rise 16% in 2010: Commerce Ministry

BEIJING - China's Ministry of Commerce forecast Friday a 16 percent year on year increase in the country's retail sales for 2010 on a domestic economic recovery.An acceleration in urbanization will boost consumption and improvements in social welfare will also encourage consumers ...

China's car industry index hits new high

The China Automotive Industry Climate Index set a new high of 105.8 points in the first quarter of this year, up 3.8 points from the fourth quarter of 2009. The index has been on the rise since it hit a record low in the first quarter of 2005. The Pre-warning Index of China ...

China has 18.08m 3G users

BEIJING - The number of China's 3G mobile telecommunication users increased 4.83 million in the first quarter to hit 18.08 million, the Ministry of Industry and Information Technology (MIIT) said Thursday. Of the total 3G users in China, China Mobile took the biggest market share ...

China mutual funds post $13b Q1 loss after 09 gain

SHANGHAI - China's mutual fund industry posted an 88.5 billion yuan ($12.96 billion) loss in the first quarter, in stark contrast to a record profit in 2009, the Shanghai Securities News reported, after investors misjudged the country's volatile stock market, one of the worst ...

Power use by energy guzzlers hit a new high

Power consumption by China's high energy-consuming industries set new records in the first quarter of this year, an official from the China Electricity Council (CEC) told Shanghai Securities News. Statistics from the National Energy Commission (NEC) showed that the country's ...

China's media industry grows 16.3% in '09

China's media industry output grew 16.3 percent year-on-year to 491 billion yuan ($72 billion) in 2009, with operating revenue from newspaper advertisements increasing 8 percent to 37 billion yuan despite the global economic downturn, according to a report by the Chinese Academy ...

China's vehicle sales may increase 17% to 16m

China's vehicle sales may rise 17 percent this year to 16 million as annual demand for automobiles may eventually exceed 30 million, an official at the State Information Center said. Passenger-car sales may jump 21.5 percent to 10.5 million in 2010, Xu Changming, a research ...

Copper imports increase by 53% in March

BEIJING - China's copper imports rose for a second month in March as seasonal demand led to increased orders. Shipments of refined copper were 337,125 tons last month, the customs said on Wednesday. That's 53 percent more than February and 14 percent more than in the same period ...

Chinese continue to see their income grow in Q1

BEIJING - The income of China's urban and rural residents continued to increase in the first quarter, data from the National Bureau of Statistics (NBS) showed Thursday. In the first three months of the year, per-capita disposable income for urban people hit 5,308 yuan ($778.3), ...

Net profit of Sinopec more than doubles in 2009

BEIJING: Asia's top oil refiner China Petroleum and Chemical Corp (Sinopec) reported Sunday that its net profit for 2009 topped 61.76 billion yuan ($9.05 billion), up 116.5 percent year-on-year, according to international accounting standards. Special Coverage:2009 Annual Reports ...

China's business climate index up in first quarter

BEIJING - China's business climate index, a major measure of macro-economic outlook, rose slightly by 2.3 points in the first quarter, the National Bureau of Statistics (NBS) said Friday. The quarterly business climate index, based on a survey of 19,500 Chinese firms, climbed to ...

Home appliances sales in rural subsidy program up 320%

BEIJING - Sales of home appliances in China's vast countryside under the government's rural subsidy program surged 320 percent in the first six months year on year, said China's Ministry of Commerce (MOC) Friday. Total sales soared to 67.8 billion yuan ($10 billion) from January ...

Audi's China H1 vehicle sales breach 100,000 mark

FRANKFURT - Volkswagen's premium brand Audi broke through the 100,000 vehicle sales mark in China during the first half of this year and expects to match this result in the remaining months of 2010. The company said in a statement on Friday that deliveries to customers rose 64 ...

Chinese investment intentions weakened in Q2

BEIJING - Chinese investors turned cautious in the second quarter of 2010 amid equity market fluctuations and government tightening measures designed to cool property market speculation, an index indicated Friday. The ICBC Investment & Wealth Management Index fell 7 points to 109 ...

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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