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Chinese VP Pledges to Enhance Cooperation with Norway

Chinese Vice President Xi Jinping said here Monday China hopes to work with Norway to boost bilateral economic and trade cooperation. Xi told visiting Norwegian Minister of Foreign Affairs Jonas Gahr Stoere he hopes the two countries will expand cooperation in areas such as ...

Southwest Securities' H1 Profit Down 63% on Shrinking Commissions

Southwest Securities Co., a major Chinese brokerage, reported a 62.57 percent decline in first-half profit due to squeezed commissions caused by falling stock trading volumes amid market fluctuations. Net profits fell to 161.2 million yuan (23.7 million U.S. dollars) from 430.6 ...

Shenzhen to Deepen Service Industry Co-op with Neighboring HK

Shenzhen City will boost cooperation in the service industry sector with neighboring Hong Kong, according to Wang Rong, Party chief of booming Shenzhen, during a Tuesday interview with Xinhua. Wang said Shenzhen and neighboring Hong Kong would stick to a complementary nature, ...

Hong Kong Ranks 6th in Global Forex Market

Hong Kong remained sixth in the global foreign exchange market, the Hong Kong Monetary Authority said Wednesday, citing the Bank for International Settlements triennial survey. If transactions in the over-the-counter interest rate derivatives market are included, Hong Kong's ...

China to Advance Home Services Industry Development

Chinese government Wednesday announced guidelines designed to boost the development of home services industry across the country, vowing financial support and tax cuts. "The home services industry plays an important role in creating jobs. It also improves people's living ...

6th Northeast Asia Investment and Trade Expo Opens in NE China

The sixth Northeast Asia Investment and Trade Expo began Thursday in Changchun, capital of northeast China's Jilin Province. It attracted 50,000 businessmen from home and abroad, including those from 110 of the world's top 500 enterprises. The expo will be held from September 2 ...

China Agricultural Policy Lender Issues 133.63 bln USD Loans to Western Regions

Agricultural Development Bank of China (ADBC), one of the country's policy lenders, said Friday it had issued loans of 909 billion yuan (133.63 billion U.S. dollars) to China's western regions since 2000. In 2000, the central government launched a campaign for large-scale ...

China's Outbound Investment Hit $56.5 bln in 2009

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East China Province Posts 12.6% Surge in Cultural Products Exports

EASTERN SHANDONG PROVINCE SEES 12.6 INCREASE IN CULTURAL PRODUCTS EXPORTS East China's Shandong Province saw its cultural products exports grow 12.6 percent year on year to 653 million U.S. dollars in the first seven months of 2010, the province's commerce department said Monday. ...

China, U.S. Discuss Bilateral Ties, Global Economy

China will unswervingly promote the policy of reform and opening up, while creating sound environment for foreign companies operating in China, Vice Premier Wang Qishan told senior U.S. officials Monday. Wang exchanged views on China-U.S. ties and economic and trade cooperation ...

China to Continue Seeing Large Influx of Foreign Investment in Coming Years

China will continue to attract large influxes of foreign investment in the next few years despite uncertainties in the global economic recovery, Commerce Minister Chen Deming said Tuesday. Although uncertainties lie in the process of the global economic recovery and the ...

HK's Economic Growth to Slow in H2

Hong Kong's economy grew strongly by 6.5 percent in the second quarter, but both the year- on-year and seasonally adjusted figures signal that the fundamental forces were weakening, said local bank Hang Seng in its latest report. Hang Seng said it cautiously maintained its full ...

China to See Small Trade Surplus in 2010

China's foreign trade surplus was approximately 84 billion U.S. dollars from Jan. to July, down 20 percent year on year, and the year 2010 is expected to see a small trade surplus, said Commerce Minister Chen Deming on Tuesday. Chen made the projection at the ongoing World ...

China Opens Forum on Narrowing Urban-rural Gap

China opened a forum on the sidelines of the ongoing Shanghai World Expo Thursday to discuss how rural areas can reduce the economic gap with cities, as developing nations increasingly confront the challenge of economic transformation. The two-day forum is being held in Shaoxing ...

World Investment Forum Opens in SE China with Focus on Sustainable Development

The Second World Investment Forum (WIF), seeking to offer insights on the balance between investment and sustainable development, opened Tuesday in Xiamen, in southeast China's Fujian Province. With the theme "Investment for Sustainable Development," the forum is organized by the ...

China's Economy Doing Well

Justin Yifu Lin, Chief Economist and Senior Vice President of the World Bank, said here on Sunday that China's economy is doing well. Speaking at a forum with two Nobel Prize winning economists in Beijing, Lin praised China's economic policies as "visionary" while the three ...

China's August CPI Rises to 22-month High, PPI up 4.3%

China's consumer price index (CPI), a major gauge of inflation, in August rose by a 22-month high of 3.5 percent from a year earlier, the National Bureau of Statistics (NBS) said Saturday. The increase was 0.2 percentage points higher than that in July, the NBS said. It was the ...

Chinese Premier Stresses Scientific Innovation, Sustainable Growth

Chinese Premier Wen Jiabao on Monday stressed the importance of scientific innovation in the process of shifting from "made in China" to "created in China". Wen met with entrepreneurs and answered their questions on the sidelines of the World Economic Forum (WEF) Annual Meeting ...

World Bank to Help China Transit to High Income Country

President of the World Bank (WB) Robert Zoellick said Monday that the WB would expand its partnership with China to help the country become a high income nation. Quoting China's former leader Deng Xiaoping, who described China's transformation as crossing a river by feeling the ...

China's Full-year Inflation Target of 3 pct Attainable

China could meet the full-year inflation target of 3 percent if macro-control policies were effective, a senior economic planner said Tuesday at the World Economic Forum's annual Summer Davos meeting. "China has paid high attention to managing inflation expectations by stepping ...
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