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Zijin apologizes, donates US$7.5 mln for toxic spill

China's largest gold miner Zijin Mining has expressed "deep sorrow and regret" and decided to donate 50 million yuan (7.5 million U.S. dollars) regarding the casualties and loss of property following a dam overflow in September when a typhoon hit southern Guangdong province, the ...

Clean-energy complaint is rejected

China's measures to develop wind energy will help to save energy, reduce emissions and protect the environment and are in line with the World Trade Organization (WTO) rules, the Ministry of Commerce said on Thursday in response to a US complaint against China's subsidy for the ...

Drilling deep for energy

Two men pass the headquarters of China National Offshore Oil Corp, the country's largest offshore oil company, in Beijing. The company said its annual oil and gas production has reached 50 million tons this year for the first time. [China Daily] China National Offshore Oil Corp ...

China hikes gasoline, diesel prices

China will raise gasoline and diesel prices 310 yuan (about 46 U.S. dollars) per tonne and 300 yuan per tonne, respectively, beginning Wednesday, the National Development and Reform Commission(NDRC) announced Tuesday. The is the second increase in fuel prices in two months after ...

Inflation concerns to drive further growth in gold purchases

China's investment-oriented consumption of gold could reach 150 tons in China this year, up from 80.5 tons during the same period last year. [China Daily] China's investment-driven consumption of gold will almost double this year to 45 billion yuan ($6.7 billion), due to growing ...

Minmetals begins restructuring

A Minmetals Land booth at a property show in Nanjing, Jiangsu province. China Minmetals Corp, China's largest steel and metals trader, has established China Minmetals Corporation Limited to accelerate the pace of its corporate restructuring. [China Daily] China Minmetals Corp, ...

Longyuan to up overseas wind farm spending

China Longyuan Power Group, the Hong Kong-listed new-energy unit of China Guodian, will invest 3 billion yuan ($450 million) in overseas expansion next year, and three wind projects in the United States are already under negotiation. Jie Changjun, general manager of Longyuan ...

Think tanks see higher crude consumption

China's oil consumption will increase by 3 to 4 percent next year as the economy continues to expand, according to research from a government think tank. Han Wenke, director of the Energy Research Institute of the National Development and Reform Commission, made the prediction at ...

Jinchuan hits acquisition trail

An employee at a Jinchuan Group plant in Gansu province. [China Daily] Nickel producer Jinchuan Group Ltd plans to expand its nickel and copper output through overseas acquisitions, Wang Haizhou, president of Jinchuan Group, told China Daily on Tuesday. The company will increase ...

Coal mining city seeks change

Climate change poses a huge challenge to China, the biggest producer in the coal-chemical industry, so it's the time for the country to change the resource-consuming economic-growth pattern, said the mayor of Jincheng City, which is at the heart of China's coal mining industry. ...

Pipes maker inks ore deal

A Xinxing Ductile Iron Pipes booth at a water treatment exhibition in Beijing. The company plans to invest up to $1 billion in a Canadian iron ore project after establishing a joint venture with Advanced Explorations Inc, a listed resource development company in Canada. [China ...

Vale hub awaits regulatory nod

Workers inspect imported iron ore at the Rizhao port in Shandong province. [China Daily] Vale, the world's largest iron ore producer, is still considering building a distribution center in China and waiting for regulatory approval as part of its plans in the country, a top ...

Spotlight shines on new energy sector

New energy will be one of the strategic emerging industries the government underlines for further development, the State Council reported on its website Monday. "Developing strategic emerging industries will be a key strategy for upgrading the nation's industrial structure, ...

Xilin Gol League plans power boost

Wind power generators in Xilin Gol League, Inner Mongolia autonomous region. [China Daily] Inner Mongolia autonomous region's Xilin Gol League, which has the richest brown coal reserves in China, plans to build 24 large-scale coal mines and eight clusters of coal-fired power ...

China to reduce rare earth export quotas

Technicians work at the production facility of Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co in Baotou, Inner Mongolia autonomous region. Chinese officials said the country's rare earth reserves will last for 15 to 20 years. China will further reduce quotas for rare earth ...

World's highest sewage treatment plant to open in Tibet

The world's highest water-treatment plant will begin operating officially later this month to mark the 60th anniversary of the peaceful liberation of Qamdo, the government of Qamdo prefecture, Tibet Autonomous Region, announced Friday. The world's highest water-treatment plant in ...

China takes restrictive measures on rare earth resource utilization

A security vehicle patrols to prevent illegal mining in Bayan Obo, north China's Inner Mongolia Autonomous Region, Oct. 27, 2010. [Xinhua/Ren Junchuan] Rare earths, a class of 17 chemical elements, have become increasingly important in manufacturing sophisticated products, ...

Iron ore pricing talks resume

A worker unloads imported iron ore powder at Qingdao port, Shandong province. [China Daily] China has started talks for next year's iron ore pricing and is expected to increase imports of the raw material in the fourth quarter, the China Iron & Steel Association (CISA) said on ...

Rare earths 'will not be bargaining tool'

China said on Thursday that it will not use rare earths as a diplomatic "bargaining tool", in response to challenges against its management of the vital metals. It also said measures to restrict the exploitation, production and export of rare earths are in line with World Trade ...

China raises retail prices of gasoline, diesel

China's top economic planner, the National Development and Reform Commission (NDRC), said Monday that it would raise the per-tonne retail price of gasoline by 230 yuan (34.5 U.S. dollars) and diesel by 220 yuan beginning Tuesday. This was the first fuel price increase in six ...
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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
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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
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Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
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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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