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China's Patent Applications Soar Amid Innovation Drive

China's international patent applications soared to 8,000 cases last year -- the fifth most in the world -- as the country strives to promote independent industrial and technological innovation. Applications totalled 103 in 1994, when the nation approved the Patent Cooperation ...

China's PMI of Manufacturing Sector up in April

The Purchasing Managers' Index (PMI) for China's manufacturing sector stood at 55.7 percent in April, up 0.6 percentage points from last month, the China Federation of Logistics and Purchasing (CFLP) said Saturday. It was the 14th straight month that the index was above 50 ...

Chinese Carmaker BYD to Locate North American Headquarters in L.A.

California Governor Arnold Schwarzenegger announced on Friday that Chinese manufacturer BYD Auto Company Limited (BYD) will locate its North American headquarters in Los Angeles. BYD is the first major Chinese mass-production automobile company to set up a headquarters in the ...

Metal Recycling May Ease Steel Makers' Import Dependence

Recycling scrap metals is a way to reduce Chinese steel mills' dependence on imported ore and ease pressures from the surging iron ore prices, industry experts said. The proposal comes amid reports that Chinese steel mills have accepted global miners' quarterly pricing system for ...

China's Domestically-made Auto Sales up 40% Year on Year in April

Chinese consumers' enthusiasm for cars boosted auto sales in April, figures from the China Automotive Technology and Research Center (CATRC) showed Tuesday. Sales of domestically made vehicles (excluding exports) hit 1.39 million in April, up 9.8 percent from March and 40 percent ...

Expo Lures Luxury Brands to Shanghai

Manufacturers of luxury fashion and accessory brands are lining up to increase their products' presence in Shanghai to coincide with the opening of Expo 2010, as China's huge consumer market continues to become a magnet for luxury European brands. Shanghai is experiencing a big ...

China UnionPay Expands to 5 More Asian Countries via Global Payments

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China Bankcard Consumer Confidence Index up 2.67 in April on Economic Optimism

Chinese bankcard holders' were increasingly willing to spend in April as optimism about the Chinese economy grew, the latest consumer confidence figures showed Sunday. The Bankcard Consumer Confidence Index (BCCI) stood at 86.80 in April, up 2.67 year on year but slightly lower ...

Expo Leading the Way to a Greener, Cleaner Future

The World Expo will boost the concept of ecology and environmental protection and stimulate scientific research and technology development, officials from Shanghai Science and Technology Commission said yesterday. And they said the green and cutting-edge technologies used or ...

China's First Inland Bonded area Passes State Check

The first phase of China's first inland bonded area, in the southwest of the country, passed state appraisal on Tuesday, enabling it to open for business by the end of the month. An authentication team from the State Council examined the infrastructure construction, customs ...

Beijing Tong Ren Tang to Boost Brand Awareness in Brunei

Chinese medicine brand, Beijing Tong Ren Tang (BTRT), is looking to boost its brand awareness in Brunei, imparting more knowledge about traditional Chinese medicine (TCM) and services to the Bruneians. Besides the Chinese-Bruneian, BTRT was also targeting the non- Chinese ...

Summer Harvest Becomes Focus of Inflationary Expectations

All this month, Li Jirui has been busy working his wheat crops, spraying pesticide to ward off diseases and insect pests. Despite growing crops for 30 years in Tengzhou City, Shandong Province, one of China's main grain production areas, he is uncertain of his harvest this summer...

China's April Electricity Consumption Rises 23%

China's electricity consumption rose 23.1 percent year on year to 339.4 billion kilowatt-hours (KWhs) in April, the National Energy Administration (NEA) said in a statement on its website Friday. The growth rate was two percentage points higher than March, indicating the country...

China Car Prices Slightly Down in April From March

Prices of China-made cars fell slightly in April from March, the second monthly drop in a row, said a report from the price monitoring center under the National Development and Reform Commission (NDRC), China's top economic planner, Thursday. Prices of domestically-made cars were ...

China to Collect More Earnings from SOEs

China is planning to raise the proportion of profits it collects from major State-owned enterprises (SOEs) in a move to balance income distribution, but analysts said the move should be bolder and the collected profits used to improve public well-being. The Ministry of Finance ...

China's Centrally-administered SOEs' Profit Leaps in1st 4 Months

China's centrally-administered state-owned enterprises (SOEs) raked in a combined profit of 325.99 billion yuan (47.7 billion U.S. dollars) in the first four months of the year, the industry authorities announced here Wednesday. The profit figure in the January-April period ...

China Allocates 16.7 bln Yuan for Housing for Low-income Urban Families

China's central government has allocated 16.7 billion yuan (2.45 billion U.S. dollars) to help fiscally stretched local governments solve the housing problems of low-income urban families, the Ministry of Finance said Thursday. The move came after Chinese Premier Wen Jiabao ...

Going High on Green Economy

Shanghai and the United Nations signed a deal yesterday to jointly establish an international high-tech innovation base in Yangpu District to promote the city's "greening industry" and to boost convergence of industrial and information technologies. Shanghai Municipal Commission ...

More Than 140 Chinese Enterprises Listed at Nasdaq

More than 140 Chinese companies have been listed at Nasdaq, an increase of nearly 3 times from three years ago, said Robert McCooey, Nasdaq senior vice president, in north China's Inner Mongolia Autonomous Region Tuesday. Leading a group of Nasdaq Corporate delegation members, ...

Cross-Strait Economic, Trade and Culture Forum to be Held in July

The sixth Cross-Strait Economic, Trade and Culture Forum will be held in south China's Guangdong Province from July 8 to 11, Yang Yi, spokesman for the Taiwan Affairs Office of the State Council, said Tuesday. The forum will focus on cooperation in new industries and enhancing ...
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