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Service sector growth slows: China plans to change its system of distributing social aid to make needy people in both urban and rural areas better able to cope with a continuous rise in consumer prices seen since July. Provincial governments have been asked to set up a mechanism linking relief payments with ...

China's defense budget to rise 12.7%: China has planned to raise the country's national defense spending by 12.7 percent over 2010 to a total of 601 billion yuan (US$91.5 billion) this year, said the spokesman of the National People's Congress, the top legislature, on Friday. The budget will be reported by Premier ...

China's January Inflation Figure Beats Forecast: The consumer price index (CPI), a major gauge of inflation, grew a lower-than-expected 4.9 percent year-on-year in January but economists warned that inflation remains a threat that may lead to further monetary tightening policies. Food prices, which account for about a third of ...

Crude oil climbs past $102: Crude oil climbed above $102 per barrel Wednesday as reports that Kuwait and Saudi Arabia would increase production failed to stem concern about Libya. Oil prices jumped 3.7 percent Tuesday as violence in Libya escalated. U.S. Federal Reserve Chairman Ben Bernanke told the Senate ...

World corn stocks to fall again in 2011-12 - IGC: World corn inventories are to fall for a third consecutive season in 2011-12, the International Grains Council said, in a report raising estimates for ethanol use, and lifting hopes for this year's wheat harvest. The influential intergovernmental group, in its first outline ...

World's grain price to be 30% higher in 2020: ministry: The price of rice, wheat and other grains will rise by around 30 percent by 2020 around the world due to population growth as well as rising demand in China and other fast-growing emerging countries, the Japanese farm ministry said Friday. The Ministry of Agriculture, Forestry ...

USDA high food prices will continue: The world faces a protracted bout of extremely high food prices, the US government has warned, overwhelming farmers ability to cool commodity markets by planting millions of additional hectares with crops. The US Department of Agriculture on Thursday forecast nominal record farm...

Crude oil drops under $85 per barrel: Crude oil prices dropped under $85 per barrel in New York Monday after China reported its trade surplus fell sharply in January. China said the surplus fell to $6.5 billion, less than half the $13.1 billion surplus from the previous month. Imports jumped 51 percent compared with ...

China combats drought to ensure grain supply: China is continuing to combat winter drought that has parched the country's major grain production regions in the north. Reservoirs along the Yellow River have increased water supplies to meet irrigation demands. Two major reservoirs are now discharging nine-hundred cubic meters ...

China Raises Bank Reserve Requirement Ratio: The People's Bank of China (PBOC), the central bank, announced Friday that it would increase the bank reserve requirement ratio of 50 basis points beginning Feb. 24. The hike, the second this year and the eighth since the beginning of last year, is the latest move to soak up ...

China has enough grain reserves: The winter drought in China's wheat growing regions will not affect global food prices as the country has enough reserves, a foreign ministry spokesman said. Seeking to allay concerns the drought could further push already rising global food prices, foreign ministry spokesman Ma ...

IMF chief: Include RMB in int'l reserves: Dominique Strauss-Kahn, chief of the International Monetary Fund, urged on Wednesday to expand the role of the special drawing rights an international reserve asset created by IMF to supplement the member countries' official forex reserves by including currencies of the emerging ...

China allocates funds to fight drought: China's meteorological authority announced on Monday that it has received 7.5 million yuan from the country's Ministry of Finance to strengthen its efforts in fighting persistent drought in some regions. The fund would be used to support efforts by meteorological departments in ...

Australia targets record wheat crop for 2011-12: Australian wheat farmers may enjoy a record crop in 2011-12, but face problems storing it given the huge grain stocks set to be carried over from this season's harvest, Rabobank has said. The bank lifted by 1.0m tonnes, to 24.0m tonnes, its estimate for the newly-finished harvest...

China Aims to Boost Grain Production: China's State Council, the nation's cabinet, pledged Wednesday to step up efforts to boost grain production as relentless droughts continue to wreak havoc in north China's wheat growing regions. To encourage farmers to plant more and increase production, China will increase ...

China's Jan CPI up 4.9%: China's consumer price index, or inflation, rose 4.9 percent year-on-year in January, despite a revision of the weighing of different products and services by the National Bureau of Statistics beginning this year. The steady rise of inflationary pressure, from 4.6 percent in ...

Food prices may increase CPI in January to new high: Economists forecast that the inflation figure for January, to be announced by the National Bureau of Statistics next Tuesday, may rebound to a new high fuelled by food prices, despite the frequent tightening measures implemented. The bureau will release the Consumer Price Index ...

China's yuan rises to new high against U.S. dollar: The Chinese currency, or the yuan, on Thursday rose to a fresh high of 6.5849 against the U.S. dollar, according to the China Foreign Exchange Trading System. The central parity rate of the yuan, or RMB, was 1 basis point higher than the previous record of 6.585 set on Feb. 9, ...

China aims to boost grain production: China's State Council, the nation's cabinet, pledged Wednesday to step up efforts to boost grain production as relentless droughts continue to wreak havoc in north China's wheat growing regions. To encourage farmers to plant more and increase production, China will increase ...

Analysts expect Japanese economy to rebound robustly in H2: Despite the massive losses caused by the devastating March 11 earthquake and escalating worries of nuclear radiation in Japan, most analysts expect the Japanese economy to slip in the short term but rebound robustly in the second half of this year. Kaoru Yosano, Japan's economic ...

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Bill Gates talks nuclear: Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...

China slams Japan's NHK governor's denial of Nanjing massacre: BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

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China's farm product pricing plan shifts to market orientation: The Number One Document also proposed a new pricing plan for China's ...

IMF chief warns of risks to recovery: DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...

GM China chairman to retire: CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

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Minivans rev up sales for GM: Sales of General Motors and its Chinese ventures accelerated in ...

Court rejects Apple lawsuit over iPad name: Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...

Chinese leader calls for more marine power: Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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Lucrative golf industry lures stiff competition: Two models stand beside golf equipment and bags at a recent golf ...

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

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