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Level of radioactive iodine remains low, unharmful in China: authorities

BEIJING, March 27 (Xinhua) -- China detected low levels of radioactive material iodine-131 in the air above northeast Heilongjiang Province for the second day on Sunday, though public health and the environment remained unaffected, according to authorities. China's National ...

Chinese "crazy stone"

Photo taken on Sept. 6, 2010 shows a sculpture made of Hetian jade in an exhibition held in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, Sept. 6, 2010. (Xinhua File Photo/Wang Fei) BEIJING, March 29 (Xinhuanet) -- Gold has a price, but jade is priceless, ...

Baidu CEO seeks win-win business model in copyright dispute

SHENZHEN, March 28 (Xinhua) -- In his first response to a recent copyright dispute, Robin Li, chairman and CEO of Baidu, Monday said the company is stepping up anti-piracy efforts and hopes to work out a mutually beneficial business model to settle the dispute. China's most ...

China's central bank stresses management of liquidity, social financing

BEIJING, March 28 (Xinhua) -- The People's Bank of China (PBOC), the central bank, said Monday that the country would work to improve its prudent macro policies, boost effective liquidity management and keep financing from all sources at a reasonable level. To keep prices stable, ...

Shanghai begins construction of China's first Sino-American university

SHANGHAI, March 28 (Xinhua) -- The Chinese economic hub of Shanghai began construction of the New York University Shanghai (NYU Shanghai) on Monday, the first university jointly operated by China and the United States. NYU Shanghai is an independent entity authorized to grant ...

China to adopt new system over food safety

BEIJING, March 30 (Xinhuanet) -- China vows to strengthen its regulation of food quality to eliminate concerns over food safety and to adopt a system to assess the efficiency of the quality supervision and inspections undertaken by local governments. At a press conference in ...

China penalizes property developer for pushing up housing prices

BEIJING, March 28 (Xinhua) -- The price authority of a southeastern city had imposed a penalty on a land developer for improperly pushing up housing prices, according to a statement released Monday by China's National Development and Reform Commission (NDRC). The price bureau of ...

U.S. expert sees new business opportunities in China

LOS ANGELES, March 29 (Xinhua) -- The rising of a new middle class in China is a trend which will continue and that has brought new opportunities for American business, says a U.S. expert on China here Tuesday. Stanley Rosen, director of East Asian Studies Center at the ...

China may double solar power goal amid Japan nuclear crisis

BEIJING, March 30 (Xinhua) -- China may lift its 5-year goal for solar power capacity from five gigawatts (GW) to 10 GW by 2015, a National Energy Administration (NEA) official told Xinhua Wednesday. Shi Lishan, deputy director of the renewable energy department of the NEA, ...

China to strengthen auditing work for foreign loans, aid funds

BEIJING, March 29 (Xinhua) -- China's top audit authority announced Tuesday that it would enhance auditing and supervision over loans and aid funds from foreign countries during the next five years. Audit authorities will strengthen supervision of the borrowing, use, repayment, ...

China's Qihoo 360 prices more than doubled in U.S. debut

NEW YORK, March 30 (Xinhua) -- Qihoo 360 Technology Co Ltd, China's third biggest internet company by user base, received warm welcome by the U.S. investors on Wednesday, with share prices more than doubled in its debut on the New York Stock Exchange. Beijing-based Qihoo 360 ...

Chinese president to chair BRICS summit, address Boao Forum

BEIJING, March 31 (Xinhua) -- Chinese President Hu Jintao will chair the BRICS Leaders' Meeting and address the Boao Forum for Asia, both slated for mid-April in the southern island province of Hainan, Foreign Ministry spokeswoman Jiang Yu announced here Thursday. China will host ...

China to build cotton reserve system to boost production

BEIJING, March 31 (Xinhua) -- The Chinese government announced Thursday that it will initiate a cotton purchasing and reserve program starting this fall to boost domestic cotton production. To build the reserve, the government plans to purchase standard cotton at 19,800 yuan (3...

Western China to become hub for foreign investment: official

BEIJING, March 31 (Xinhua) -- Western China will become a hot region for overseas investment over the 12th Five-Year Plan (2011-2015) period, a senior official with the Ministry of Commerce (MOC) said Thursday. The ministry plans to adopt measures such as hosting the Western ...

China struggles to reduce housing prices

BEIJING, April 1 (Xinhua) -- China faces a significant challenge as local governments have failed to please home buyers by rolling out home price control targets linked with economic growth or disposable income growth, experts said on Friday. "Local governments have to make a ...

China's March PMI of manufacturing sector rises

BEIJING, April 1 (Xinhua) -- The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 53.4 percent in March, the China Federation of Logistics and Purchasing (CFLP) said Friday. The March index rebounded from a slid for three consecutive months, higher than the ...

Bank of China says business risk in Libya under control

BEIJING, April 4 (Xinhua) -- The Bank of China (BOC), the country's third largest lender, said that its business suffered no "actual losses" amid the Libyan turmoil and that the risks are controllable. The bank is monitoring the potential risks that the Libyan turmoil might cause ...

China announces 2nd increase in benchmark interest rates this year to tackle inflation

BEIJING, April 5 (Xinhua) -- The People's Bank of China, the central bank, announced Tuesday it would raise the benchmark one-year borrowing and lending interest rates by 25 basis points beginning Wednesday. This was the second time the central bank raised the benchmark interest ...

China's GDP to grow 9.6 pct in 2011

HONG KONG, April 6 (Xinhua) -- China's economy is expected to grow 9.6 percent in 2011 as fixed asset investment remains a key driver, the Asian Development Bank (ADB) said in an annual report released here Wednesday. With inflation pressures building and tightened monetary ...

China's opening-up policy not to change, business ties with Australia stressed

Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, addresses a welcoming luncheon attended by Premier of Western Australia Colin Barnett and entrepreneurs from the two countries, in Perth, Australia, April 6, 2011. (Xinhua...
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