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China's economy ends the year on a high note

China's economy performed better than expected in last year's fourth quarter, helping to wrap up 2010's economic output at 39.7 trillion yuan (US$6.1 trillion), up 10.3 percent from a year earlier, the National Bureau of Statistics said yesterday. Its gross domestic product ...

Chinese president urges U.S. Congress to further facilitate bilateral ties

Visiting Chinese President Hu Jintao on Thursday called upon the U.S. Congress to continue helping the two countries boost their relations. Pursuing a healthy and steady development of China-U.S. ties is China's established policy and strategic choice, Hu stressed in talks in ...

Hu's US visit shapes new political civilty

The joint statement signed by the presidents of China and the US, setting out a new cooperative partnership, put to rest any fears that new Cold War might break out between China and the US. Their coexistence has created a geo-political miracle. The next decades will tell whether ...

China's economy grows 10.3 pct in 2010

China's economy grew 10.3 percent last year, up from 9.2 percent in 2009, the National Bureau of Statistics (NBS) announced Thursday. Gross domestic product (GDP) hit 39.8 trillion yuan (6.05 trillion U.S. dollars) last year, up 10.3 percent year on year calculating at comparable ...

China's grain output gains 2.9 pct to 546.41 million tonnes in 2010

BEIJING, Jan. 20 (Xinhua) -- China's National Bureau of Statistics (NBS) said Thursday that the country's grain output rose 2.9 percent year on year in 2010 to 546.41 million tonnes, marking the seventh consecutive year of growth. Ma Jiantang, director of the NBS, told a press ...

Floods threaten Australia with jump in food prices

Crop destruction from Queensland's floods, which has lifted to Aus$2.5bn the losses to Australia's farm output from its sodden summer, threatens a "spike" in fruit prices and "persistent" inflation in meat. The impact on Australia's food prices from the flooding, which is ...

A Big Event in Sino-U.S. Relations

2011, the beginning of the second decade of the 21st century, marks the 40th anniversary of the rapprochement between China and the United States. Timed at this special historic moment, President Hu Jintao's state visit to the United States is not only highly valued by the two ...

Crop prices leap after US cuts supply hopes

Crop prices jumped, taking corn and soybeans to two-year highs in Chicago, after a barrage of data from US officials signalled further tightness in farm commodities, and beyond that markets had already factored in. Corn and soybeans surged the maximum allowed by exchange rules in ...

Oil prices close down after seesaw day

Crude oil prices seesawed during trading on the New York Mercantile Exchange Tuesday, dropping 16 cents before settling at $91.38 per barrel. Intraday trading saw crude oil prices fluctuate, trading as low as $90.48 earlier in the session. Also pressuring oil prices was the ...

Oil risen to within reach of $100

Oil has risen to within reach of $100 a barrel for the first time since the 2008 price spike amid mounting optimism that global economic growth will boost demand. But the sharp rise has also heightened concerns about the impact of soaring commodity prices on the global economy, ...

Crude oil, other commodities finish up

Crude oil prices closed higher Friday, gaining 14 cents to close at $91.54 per barrel on the New York Mercantile Exchange. Other energy commodities followed oils lead, with natural gas, gasoline and home heating oil all finishing the week in positive territory. Natural gas ...

China steps up fight against inflation

China ordered banks to hold more of their deposits on reserve with the central bank on Friday in a move aimed at reducing the amount they can lend and tackling stubbornly high inflation in the country. The central bank raised the required deposit reserve ratio by 0.5 percentage ...

Weather Caused Over 500 Billion Yuan in Losses in 2010

Extreme weather last year, including high temperatures, drought and heavy rains, caused the worst damage in China in a decade, a senior meteorological official said on Wednesday. Song Lianchun, chief of the National Climate Center, said extreme weather last year resulted in ...

Top leadership stresses economic restructuring

Chinese President Hu Jintao on Tuesday called for greater determination and efforts to achieve substantial progress in transforming the country's mode of economic development. Hu made the remarks in a panel discussion with a delegation from Inner Mongolia Autonomous Region to the ...

Q4 Growth May Ease to 9%

China's economic growth may further moderate to 9 percent in the fourth quarter of 2010 from 9.6 percent in the previous three months, and for the whole year the rate is expected to settle at around 10 percent, analysts said. The quarterly slowdown was largely due to a higher ...

UN:Oil 'surge' deepens food price headache

The oil market rally prompted by Middle East unrest has worsened further prospects for world food security, the United Nations said, as it revealed that the cost of eating had reached a fresh record high. The rise in prices of Brent crude by some 13% over the last two weeks, with ...

Jan. 11 State Reserve Corn Auction Results

The State Reserve held its weekly temporary storage corn auction today, January 11, in a number of provinces around China. Of the 227,215 metric tons (MT) of corn planned for sales, 175MT were actually traded. This week's corn auction trade rate is 0.08%. The State Reserve also ...

FAO says food prices hit record high

The United Nation s Food and Agriculture Organization s (FAO) Food Price Index hit a new record high in February, driven mostly by higher prices of cereals, meat and dairy products, the agency said on March 2. The index rose for the eighth consecutive month, averaging 236 points ...

China's Grain Reserve Hits 40% of Annual Consumption

China's grain reserve has reached 40 percent of annual consumption, much higher than the world standard of 17 to 18 percent, Zhang Ping, minister of the National Development and Reform Commission, said Sunday. China's wheat reserve stands at 100 billion kilograms, about the ...

CPPCC head: Resolve people's needs

Chinese People's Political Consultative Conference (CPPCC) members are asked to go to the masses, soliciting opinions on resolving their problems and grievances. They are also urged to help the ruling Communist Party of China and the central government do a better job in ...
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