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1.4t yuan loaned to infrastructure sector in Jan-Sept

More than 1.4 trillion yuan ($209 billion) of loans went to the infrastructure sector in the first nine months of this year, according to the People's Bank of China, the country's central bank. Preliminary data released by central bank showed medium-to-long term new loans ...

Ping An's net profit up 8.4% by Q3, growth slows

BEIJING - Ping An Insurance Company of China Ltd, China's second-largest life insurer, said Wednesday its net profit in the first three quarters of this year reached 13.2 billion yuan ($2 billion), up 8.4 percent year on year. But the rate of growth slowed compared with the first ...

China's money supply grows

The balance of broad money supply (M2), which covers cash in circulation and all deposits, was 69.98 trillion yuan at the end of October, up 19.3 percent year-on-year, the People's Bank of China (PBOC), the central bank, announced Thursday. The growth rate of M2 was 0.3 ...

China Southern Airlines reports 9-fold profit growth in Q3

BEIJING - China Southern Airlines Company Limited (China Southern), the nation's largest carrier by transport capacity, said Thursday its third quarter net profit grew 970.77 percent year on year on the back of robust growth in domestic air travel. In its unaudited third-quarter ...

Japan's industrial production slips 0.1% in May

TOKYO - Industrial production in Japan slipped 0.1 percent in May from a month earlier, marking the first decrease in three months, the Ministry of Economy, Trade and Industry (METI) said in a preliminary report Tuesday. The decline follows a sharp rise in April from a month ...

Ping An Insurance H1 net profit rises 27.9%

HONG KONG - Ping An Insurance, China's second largest insurer listed in Hong Kong and Shanghai stock exchanges, said Tuesday that its net profit rose 27.9 percent year-on-year in the first half of 2010. Ping An's net profit hit 9.87 billion yuan ($1.46 billion) in the first half, ...

China Life H1 profit climbs 7.4%

BEIJING - China Life Insurance Company Limited (China Life), the nation's largest insurer, said Wednesday its net profit rose 7.4 percent due to rebounding premium income. Special Coverage:2010 Interim Results of Listed Companies China Life's net profit hit 18.03 billion yuan ($2...

China's outbound investment on the rise

Total capital outflow from China into overseas non-financial sectors may equal the inflow into this country in 2015, Fan Chunyong, secretary-general of the China Industrial Overseas Development and Planning Association (CIODPA) predicted on Tuesday. In the first seven months of ...

Air travel safe for 69 months before Yichun crash

HARBIN - China had kept a remarkable air travel safety record of about 2,100 days -- or 69 months -- without accidents before the passenger plane crash in Yichun, Heilongjiang province, on Tuesday, statistics from the Civil Aviation Administration of China (CAAC) show. On August ...

Chalco reports profits in H1

Aluminum Corp of China Ltd (Chalco) said its revenue in the first half of 2010 rose 113.61 percent year-on-year to 59.78 billion yuan and its net profit was 531 million yuan, Yicai.com reported Tuesday. Although the company turned losses into gains compared to last year, the ...

China's auto industry H1 gross output up 49%

BEIJING - The gross output of China's auto industry surged 49 percent year-on-year to 2.09 trillion yuan ($308 billion) in the first half of the year, officials at the Ministry of Industry and Information Technology (MIIT) said Monday. At the same time, total export and import ...

Gome to vote on moves by Huang

Gome Electrical Appliances Holdings Ltd, China's second-biggest electronics retailer, has scheduled a special general meeting for Sept 28 to vote on what the company calls an irrational resolution by jailed founder Huang Guangyu, the Financial Times reported Tuesday. Huang is ...

BYD H1 net income more than doubles

First half net income of BYD Co, the Chinese automaker backed by Warren Buffett, more than doubled to 2.42 billion yuan, or 1.06 yuan a share, from 1.18 billion yuan, or 0.57 yuan, a year earlier, the company said in a statement to the Hong Kong stock exchange yesterday. Sales ...

China insurance industry assets totaled $672b at end-July

BEIJING - The assets of China's insurance sector totaled 4.57 trillion yuan ($672 billion) at the end of July 2010, the nation's insurance regulator said Monday. Premium revenue of the sector during the first seven months of the year totaled 903.91 billion yuan. Of that, 670.14 ...

Listed firms post 58.5% jump in net profits

Net profits of 1,191 listed companies, which disclosed their performance of the first half year as of Aug 22, increased 58.5 percent year-on-year, to 206.4 billion yuan, Shanghai Securities News reported Monday. Business revenue of those companies hit 2.12 trillion yuan, up 38.68 ...

New orders for Chinese shipbuilders grow 420%

BEIJING - The total volume of new orders for China's shipbuilding enterprises leaped 420 percent year on year to 33.3 million deadweight tons in the first seven months of the year, the Shanghai Securities Journal reported Saturday.The July figure was 9.54 million deadweight tons, ...

Insurers report loss on rising reimbursements of traffic insurance

BEIJING - China's insurers felt the side effect of the country's booming auto market -- with operating losses totaling 2.9 billion yuan ($427 million) in 2009.Insurance Association of China said here Friday that its 30 member insurance companies that are engaged in traffic ...

Macao's retail sales up 32% in Q2

MACAO - Results of an official survey released on Friday showed that the total value of Macao's retail sales for the second quarter of 2010 amounted to 6.84 billion patacas ($855 million), increasing by 32 percent year-on-year.Notable increases were recorded in the retail sales ...

Macao's CPI increases 2.96% in July

MACAO - Macao's Composite CPI (consumer price index) for July 2010 reached 104.61, an increase of 2.96 percent over the same period of last year, according to the figures released Friday by the city's Statistics and Census Service. The price indices of clothing and footwear, ...

HK consumer prices rise 1.3% in July

HONG KONG - Hong Kong's overall consumer prices rose 1.3 percent in July over the same month last year, down from the 2.8 percent rise in June, said Hong Kong's Census & Statistics Department on Friday.Netting out the effects of the government's one-off relief measures, the year...

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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