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Revenues in China's telecom sector up 6.8% in first 9 months

BEIJING - China's telecommunication industry reported core business revenues of 667.51 billion yuan ($100 billion) during the first nine months of 2010, up 6.8 percent year-on- year, government figures show. Of this total, revenues from wireless communications hit 465.1 billion ...

HK wine imports grow 73% in first eight months

HONG KONG - Hong Kong saw a growth of 73 percent in the value of total wine imports in the first eight months of 2010, continuing to develop as Asia's wine hub, said an official of Hong Kong on Friday.Secretary for Commerce and Economic Development Rita Lau said Hong Kong has ...

China's unemployment rate falls to 4.1% by Q3

BEIJING - China's urban unemployment rate stood at 4.1 percent at the end of September, with 9.05 million urbanites registered as unemployed, a Ministry of Human Resources and Social Security official said Friday. The rate dropped 0.1 percentage points from 4.2 percent at the end ...

Subsidies spur purchase of cars, motorbikes in rural China

BEIJING - The Chinese government paid 11.6 billion yuan ($1.72 billion) in subsidies for the purchase of 8.11 million cars and motorbikes in rural areas in the first nine months of the year, the Ministry of Commerce (MOC) said Thursday. The government subsidized the purchase of 2...

Central SOEs report 55% increase in net profits

BEIJING - China's centrally-administered State-owned enterprises (SOEs) reported a 55-percent rise year-on-year in combined net profits in the first nine months, the SOE authority announced Thursday. Net profits of central SOEs totalled 641.65 billion yuan ($96.6 billion) from ...

China's customs revenues top 1t yuan

BEIJING - China's customs revenues for 2010 hit 1 trillion yuan ($150.4 billion) as of Oct 14, a surge of 46.1 percent from one year earlier, the General Administration of Customs (GAC) announced late Thursday. Since the beginning of the year, the country's customs authorities ...

Everbright Bank's profit to rise 50% in 2010

China Everbright Bank is likely to report an earnings increase of at least 50 percent year-on-year for the full year of 2010, Reuters reported on Friday, citing the Shanghai Securities. Li Jie, the mid-sized lender's vice president, said full year earnings in 2010 is likely to ...

Chinese rural, urban residents' incomes rise steadily for Q3

BEIJING - The income of China's urban and rural residents continued to increase in the first nine months of this year, the National Bureau of Statistics (NBS) said here Thursday. In the first three quarters of the year, per-capita disposable income for urban dwellers reached 14...

China Mobile 9-month revenue up 7.8%

HONG KONG - China Mobile on Wednesday announced its unaudited net profit attributable to shareholders grew 3.9 percent year-on-year to 87.2 billion yuan ($13.1 billion) for the first three quarters of 2010. In a filing to Hong Kong Exchanges and Clearing Ltd, China Mobile said ...

China's industrial value-added output growth slows in Sept

BEIJING - China's industrial value-added output growth slowed to 13.3 percent year on year in September from 13.9 percent in August, the National Bureau of Statistics (NBS) announced Thursday. The growth rate for the first nine months was 16.3 percent year on year, down 0.3 ...

China's retail sales of consumer goods up 18.3% in Jan-Sept

BEIJING - China's retail sales of consumer goods rose 18.3 percent in the first three quarters year on year, the National Bureau of Statistics (NBS) said Thursday. The retail sales of consumer goods in the January-September period totaled 11.1 billion yuan, NBS spokesman Sheng ...

China's Jan-Sept fixed asset investment grows slower

BEIJING - The growth of China's fixed assets investment during the first nine months shows signs of slowing, according to figures released by China's statistics authority Thursday. The country's total fixed assets investment rose 24 percent for the January-September period year ...

Urban household income grows to 15,756 yuan in Jan-Sept

In the first nine months of this year, the per capita income of urban households totaled 15,756 yuan ($2,369) and of which, the disposable income was 14,334 yuan, up 10.5 percent year-on-year. The real growth is 7.5 percent after deducting price factors, the National Bureau of ...

China's Sept PPI up 4.3%

China's producer price index (PPI), a major measure of inflation at the wholesale level, increased by 4.3 percent year-on-year in September, the National Bureau of Statistics (NBS) announced Thursday. On a month-on-month basis, China's PPI grew 0.6 percent in September from ...

China's industrial output up 16.3% in Jan-Sept

Growth of China's industrial value-added output accelerated to 16.3 percent year-on-year in the first three quarters, the National Bureau of Statistics (NBS) announced Thursday. The growth was 7.6 percentage points higher than the same period last year, NBS said. According to the ...

China's September CPI rises 3.6%

China's consumer price index (CPI), a major gauge to measure inflation, rose by a 23-month high of 3.6 percent in September from one year earlier, the National Bureau of Statistics (NBS) said Thursday. The growth rate was 0.1 percentage point higher compared with that in August, ...

China's retail sales up 18.3% in first three quarters

China's retail sales of consumer goods in the first three quarters this year hit 11.1 trillion yuan ($1.67 trillion), up 18.3 percent year-on-year, the National Bureau of Statistics (NBS) said Thursday. The September growth stood at 18.8 percent year-on-year, said the NBS.

China's fixed-asset investment up 24%

China's fixed assets investment in the first nine months this year rose 24 percent year-on-year to 19.22 trillion yuan, according to data released by the National Bureau of Statistics Thursday. The growth rate was 0.8 percentage point lower from that for the first eight months.

China's GDP grows 10.6% in first three quarters

China's GDP grew 10.6 percent year-on-year in the first nine months of this year to 26.87 trillion yuan ($4.04 trillion), the National Bureau of Statistics (NBS) said Thursday. The growth was 2.5 percentage points higher compared with the same period last year. China's economy ...

China Overseas Q3 operating profit nearly doubles

China Overseas Land & Investment Ltd, the country's top developer by market value, posted a near doubling of operating profit in its third quarter and appears on track to achieve its full-year sales target despite tightening policies, Reuters reported on Wednesday. China Overseas ...

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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