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China may face more inflation pressure in 2011: Analyst

BEIJING -- China was expected to face more inflation pressure in 2011 because of rising costs of food, raw materials and labor, said Sheng Hongqing, analyst with the China Everbright Bank. Sheng expected the growth in China's consumer price index (CPI), a main gauge of inflation, ...

GM says happy with SAIC's participation in its IPO

SHANGHAI - General Motors said on Thursday it was happy with China's SAIC Motor Corp's decision to participate in its public offering. US companies still want to do business>

Europe Inflation Accelerates on Energy, Euro s Drop

div> June 16 -- European inflation accelerated to the fastest pace in more than a year in May as surging energy costs and a weaker euro made imported goods more expensive across the 16-nation region. Euro-area consumer prices rose 1.6 percent in May from a year earlier after ...

Fuel hikes reflect market

BEIJING - Gasoline and diesel retail prices will rise by around 4 percent on Wednesday, reflecting global market fluctuations, but officials and researchers said the increases will have only a limited effect on inflation. The National Development and Reform Commission (NDRC), the ...

Big push to unlock affordable housing

More land will be made available as ministry fights to keep down prices BEIJING - The man in charge of China's top land watchdog pledged on Friday to continue to carefully manage the availability of building plots in an effort to curb soaring property prices. Xu Shaoshi, the ...

Time to sell

A luxury wristwatch is presented during an exhibition held in Xiamen, Fujian province. [Photo / for China Daily] Luxury watches emerge as a primary market among nation's collectors. Lin Qi reports. China's nouveaux-riches are increasingly eyeing the luxury segment at auctions, ...

China boosts South Korean bond holdings

A cleaner wipes down a monitor displaying the Korea Composite Stock Price Index. China's net purchases of South Korean Treasury notes totaled 444 billion won ($395 million), 23 percent more than in December 2009. [Photo / Agencies] SEOUL, South Korea - China boosted its holdings ...

New standards for rare earth sector

New buildings under construction are surrounded by a rare earth mine, a processing factory and a steel plant. China's new environmental standards on rare earth mining await government approval. [Photo / China Daily] Rules part of efforts to crack down on illegal mining, reduce ...

Former deputy director of China's drug watchdog sacked

Zhang Jingli [Photo / people.com.cn] BEIJING -- Zhang Jingli, former deputy director of the State Food and Drug Administration, has been discharged from public employment for serious violations of discipline and law, the discipline watchdog of the Communist Party of China (CPC) ...

Price hike drives inflation worries

Editor's note China faces strong inflationary pressure in the coming months after consumer prices hit a nearly two-year high in September, as a slew of goods become more and more expensive. How to control soaring food and property prices from creating social problems and maintain ...

Putin starts delivery of Siberian oil to China

Russia's Prime Minister Vladimir Putin opens a valve during a ceremony for the Russian section of the Russia-China oil pipeline in Russia's Far Eastern region of Amur yesterday. [Shanghai Daily] Russia yesterday officially launched the Russian section of an oil pipeline that ...

Rogers gets appetite for Chinese gold investments

World-renowned investor Jim Rogers is in talks with Hengtai Datong Gold Investment Ltd on cooperation opportunities to cash in on surging demand for the precious metal in China, the company claimed on Wednesday. Wang Zhibin, the Beijing-based company's CEO, said that Rogers may ...

Yellow metal set to dazzle

A gold counter at a store in Haikou, Hainan province.[China Daily] Gold demand in China increased by 26 percent year-on-year in the second quarter, spurred by a robust increase in retail investment demand for the yellow metal, the World Gold Council (WGC) said on Wednesday. China...

Growing emission credit market lures foreign partners

Global environmental exchange operators are seeking partnerships in China to assure a place in the fledgling carbon emission trading market as the nation heads toward becoming a world leader in the low-carbon sector. NYSE Blue, a new joint venture of exchange operator NYSE ...

China cracks down on diesel overcharging

NDRC investigators found some gas stations have been selling diesel above state-set prices in the provinces of Sichuan, Hubei, Henan, Zhejiang, Jiangsu, Liaoning, Jiangxi and Shanxi and Chongqing Municipality. The National Development and Reform Commission (NDRC), China's ...

No change seen in rare-earths quota

China holds 30 percent of the world's rare earth supply, but mines over 90 per-cent of the world's rare earth elements.[Global Times] China will stick to its existing quota on rare earths exports, an industry expert from the Chinese Society of Rare Earths said Tuesday. "Exports ...

China pushes to develop green economy

Fuji Electric displays its energy-saving and environmentally friendly electric engines at the China International Industry Fair 2010 held in Shanghai from Oct 9 to 13. China is encouraging more foreign investment in the country's green industries. [China Daily] China invested a ...

Export tax to be raised on rare earth

Taxes will be increased on rare earth exports starting next year, the Ministry of Finance said on Tuesday, as China, the largest producer of the precious minerals, moves to protect the environment and its resources as well as regulate exports. Rare earth, a group of 17 minerals, ...

Digging and dying for gold in the Guianas

The world's attention has been on the fate of legal miners trapped deep below the earth's surface. But the rare miraculous rescues and sorrowful deaths that so grasped the world are the almost daily experiences of thousands of illegal miners in a gold rich part of the Caribbean. ...

Bright prospects for solar industry

A walker passes by a polycrystalline silicon solar panel at Beijing International Photovoltaic Solar Energy Conference and Exhibition. [China Daily] China is ready for the large-scale application of solar power generation which is set to grow at an annual rate of 1 gigawatt (gW) ...
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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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