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China's Home Prices Rise 12.4% in May

Home prices in 70 large and medium-sized Chinese cities rose by 12.4 percent year on year in May, the National Bureau of Statistics (NBS) said in a statement Thursday. The growth rate was 0.4 percentage points lower than that of April, as property sales in first-tier cities, ...

China's May Retail Sales up 18.7 pct

China's retail sales, the main gauge of consumer spending in the world's fastest-growing economy, rose 18.7 percent year on year to 1.25 trillion yuan (183 billion U.S. dollars) in May, the National Bureau of Statistics (NBS) announced Friday. The growth rate was 3.5 percentage ...

China's May Industrial Output Climbs 16.5%

China's industrial value-added output, a barometer of overall economic growth, rose 16.5 percent in May from a year earlier, the National Bureau of Statistics (NBS) announced Friday. The growth rate was 7.6 percentage points higher than in May last year, but 1.3 percentage points ...

Rising Labor Costs won't Deter Investors

The rising labor costs in China will not deter foreign investors because policies to boost domestic consumption provide a new reason for them to seek profits in the world's third-largest economy, a senior trade official said Thursday. Lu Kejian, head of the Asia department at the ...

Xinjiang to Get Electricity Boost

State Grid Corp of China plans to spend 12 billion yuan ($17.6 billion) by 2015 to expand its electricity network to supply households in southern Xinjiang Uygur autonomous region. The investment will provide power to 173,000 households in Sandizhou, an area that has faced ...

Housing Price Falls Expected as Cooling Measures Bite

Measures to rein in China's soaring home prices are beginning to see results, and price declines are expected in later half of the year, say economists and market watchers. The recent fall in trading volume and slower growth in prices was largely a result of the measures the ...

China Southern World's Third Largest Air Passenger Carrier in 2009

China Southern Airlines had the third largest number of passengers in the world in 2009, only behind American Airlines and Delta Air Lines, the Chinese airline said Saturday. It flew a total of 66.28 million passengers in 2009, ranking the third in the latest World Air Transport ...

Chinese Guotai Names State Street as Custodian, Service Provider for Nasdaq-100 index fund

U.S.-based State Street Corporation, one of the world's leading providers of financial services to institutional investors, said here Wednesday that it was appointed as global custodian and trading service provider to the Guotai Nasdaq-100 Index Fund, which is managed by leading ...

China Motorcycle Exports Top 3 mln Units in First 5 Months

China exported 3.15 million motorcycles from January to May this year, up 39 percent compared to the same period in 2009 as both sales and motorcycle production in China soared, the country's Ministry of Industry and Information Technology said Thursday. The total value of ...

China Bids on U.S. Magazine

China's Southern Daily Group's recent attempt to acquire Newsweek magazine - the country's first bid for a Western publication - has failed, but the bidder is expecting to make other, similar purchases, the publication's senior management said on Thursday. "The offer to Newsweek ...

Foreign Trade in East China Province up 50%

Foreign trade in economically-developed Jiangsu Province in eastern China totaled 174.29 billion U.S. dollars in the first five months of the year, a 50 percent year-on-year increase. Exports amounted to 98.71 billion U.S. dollars, up 42.7 percent, while exports totaled 75.58 ...

China Becomes World's Third Largest Stock Market

China has become the world's third largest stock market as total market value of the Shanghai and Shenzhen markets hit 20.96 trillion yuan (3.07 trillion U.S. dollars) as of the end of May, the country's securities regulator said Friday. The total market value so far was up 393...

New Home Prices in China's Major Cities Continue to Rise in May

New commercial home prices in 36 major Chinese cities continued to climb month on month in May despite the government's attempt to cool the property market, the National Development and Reform Commission (NDRC) said Tuesday. Average new commercial home prices in 36 popular cities ...

Taiwan Investment in Mainland More Than Triples in First Five Months

The economic authority of Taiwan has approved investment totaling 77.13 million U.S. dollars from the Chinese mainland, according to a statistics report released Monday. From the end of June last year when Taiwan opened to mainland investment, the authority had approved 52 ...

China's State-owned Enterprises Record Profit Surge in First Five Months

The combined profit of China's state-owned enterprises (SOEs) climbed 65.8 percent year on year in the first five months of 2010 to 749.29 billion yuan (110.2 billion U.S. dollars), the Ministry of Finance said Tuesday. Business revenue totaled 11.5 trillion yuan in the period, ...

Airbus Speeds up Production After One-year Operation in North China City

Airbus's assembly plant in north China's Tianjin Municipality plans to roll out 48 A320 aircraft in 2012, nearly doubling its current production capacity, said senior executives of the joint venture Wednesday. "The assembly line in Tianjin is well on track, and the company is ...

China Expects Stable Summer Grain Output This Year

China's Ministry of Agriculture expected the country's summer grain output this year to be close to the level in 2009. It forecast that total summer grain output this year would top 123 billion kilograms, of which production of winter wheat may top 108.5 billion kilos, a year-on...

Jiangsu Sells Nearly 20% More Toys Abroad

JIANGSU SELLS NEARLY 20 PCT MORE TOYS ABROAD East China's Jiangsu Province exported 75.7 million U.S. dollars worth of toys in the first five months of this year, a growth of 19.7 percent on the same period of last year, according to the provincial customs. In May alone, the ...

China Trains Int'l Technicians on Use of Solar Energy

A total of 20 trainees from 12 countries are attending a workshop on the use of solar energy in Lanzhou, capital of northwest China's Gansu Province. Among the trainees are energy officials, business executives and technicians from Asian and African countries including Indonesia, ...

Chinese Company Completes First Berth of Egyptian Port Project

The first berth of the second phase project of Egypt's Port Said East Container Terminal has been completed, the Chinese builder said Wednesday. The delivery of the first berth as scheduled shows the construction has been going well, said Gao Hongbin, the manager of China Harbor ...
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