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China to step up efforts to eliminate outdated industrial capacity

BEIJING - China will continue to shut down outdated capacity in major industrial sectors to reduce pollution, save energy, and upgrade industry, the State Council, or Cabinet, said in a statement released Tuesday. The sectors include power, coal, steel, cement, non-ferrous metals...

Price shocks in the offing

Domestic steel prices rose sharply last week as trading volumes slowed, triggering expectations of more price shocks soon. Special Coverage:Refocus on Iron Ore Talks Mysteel's composite steel price index, a major gauge of domestic steel prices, shows that domestic long steel ...

China to launch campaign to inspect work safety

BEIJING - China will launch a two-month campaign to inspect work safety nationwide on April 5, according to the work safety commission of the State Council, or the Cabinet. Serious accidents took place in succession in some areas and industries recently, which shows negligence ...

China's novel approach to iron ore negotiations

BEIJING - In response to the world's top three iron ore suppliers' negotiation attitude of "take it or leave it", China can both take it and leave it in different ways, experts say. "It seems China has accepted the quarterly benchmark iron ore pricing scheme proposed by the iron ...

CISA gives up on ore pricing

BEIJING - China's steel lobby, China Iron and Steel Association (CISA), on Wednesday acknowledged that Chinese steel mills have signed individual deals with global miners, but said iron ore price negotiations have not ended. "Considering the operating pressure and difficulties of ...

'Iron hand' to help realize green goals

BEIJING - Premier Wen Jiabao on Wednesday vowed to realize the country's green goal to cut energy intensity by 20 percent between 2006 and 2010, amid the strong economic recovery. In a nationwide video and teleconference, Wen told governments at all levels to work with an "iron ...

Steel industry discusses how to forge ahead

Industry leaders will debate strategy for the steel sector during the sixth China International Steel Congress, to be held in Beijing from May 8-12. This year's congress will focus on development strategies in the post-crisis era and will call on industry leaders to review the ...

China's first inland bonded area passes state check

CHONGQING - 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, ...

Chinese steelmakers urged to build plants abroad

SHANGHAI - Chinese officials and experts Tuesday suggested the nation's steel producers set up plants abroad to avoid a rising number of international trade barriers.Opening steel mills in regions with abundant raw materials and strong market demand abroad would be easier than ...

Housing policy cools related industries

China's property market has slowed down under tightening policies, and this has begun to cool off related sectors such as the steel, cement and home furnishing industries, the China Business News reported Monday. China's real estate sector is the largest consumer of its steel ...

Axing of resource tax proposed

Miners say cut will stimulate domestic iron ore consumption BEIJING - The government is studying a proposal to reduce the tax on domestic iron ore resources in order to stimulate domestic suppliers and reduce dependence on costly imports, a top official from the China Mining ...

Technological boost to harvest less-expensive veggies, fruit

Beijingers might soon be able to buy half-price imported fruits and vegetables after the first international logistics site opens at the city's biggest outdoor market. AgraForUm AG from Germany, Pomina from Taiwan and another eight large-scale distributors worldwide will sell ...

Once promising city now in need of a tune-up

SHANTOU, Guangdong - One of the first cities opened up to the outside world when China launched its major reform 30 years ago was Shantou. With more than 5.6 million residents, this coastal city in Guangdong province relies heavily on the many toy factories based in Chenghai ...

Finding talent for new energy

BEIJING: Log on to the website of Zhaopin.com, one of the largest online human resources service providers in China, and you can easily find many recruitment advertisements for different new energy firms in businesses ranging from wind to solar. These companies include well-known ...

US lawmakers urge probe of Chinese steel investment

WASHINGTON - A bipartisan group of 50 US lawmakers called on Friday for an investigation into whether a Chinese investment in the US steel sector should be blocked on national security grounds. The Congressional Steel Caucus, in a letter to Treasury Secretary Timothy Geithner, ...

Top 10 steelmakers to make 60% of national total by 2015

BEIJING: China expects its top 10 steel makers to produce more than 60 percent of the country's total steel output by 2015, up from 44 percent in 2009, according to a document published on the government's website Thursday. China is encouraging its big steel companies to acquire ...

Shanghai port container throughput up 19% in H1

SHANGHAI - Shanghai port reported an 18.8-percent year-on-year rise in container throughput in the first half amid strong economic recovery and booming trade. The country's largest port handled a record 13.86 million twenty-foot equivalent units (TEU) containers, the Shanghai ...

China may limit number of iron ore importers: CISA

China, the world's largest buyer of iron ore, may reduce the number of qualified importers of the commodity with new rules for the steel industry soon, paving the way for mills to improve their price bargaining power. The new rules will include standards on capital requirements, ...

Textile body to strengthen CSR ties with BSCI

BEIJING - The China National Textile and Apparel Council said on Friday it is joining hands with the Brussels-based Business Social Compliance Initiative (BSCI) to address the corporate social responsibility (CSR) issues of domestic textile companies while exporting products to ...

China's industrial output growth may exceed 11%

BEIJING- China's industrial value-added output may exceed the 11-percent growth target set for the whole year in 2010, although the pace of increase may slow in the second half, the Ministry of Industry and Information Technology (MIIT) said Tuesday.The country's industrial value...

Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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