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China s foreign fuel reliance rises

China s foreign fuel reliance rises The country s natural gas import volume jumped 206% year-on-year to 4.51 billion cubic meters in the first four months of the year. Imports now account for 12.8% of all domestically consumed natural gas, up five percentage points from 7.7% as ...

Climate change threatens food supply

Climate change threatens food supply From: China Daily Climate change and extreme weather events pose a grave challenge to the country s food supply, agricultural researchers have warned. Gu Lianhong, a senior researcher with Oak Ridge National Laboratory in the US, said the lab ...

Exchange rate reform to make exports more competitive

Exchange rate reform to make exports more competitive From: China Daily China s move to proceed with the reform of the Renminbi exchange rate will help increase the competitiveness of the country s exports on the global market, Yao Jian, spokesman of the Ministry of Commerce, ...

Third party payments regulated

Third party payments regulated From: Xinhua The People s Bank of China (PBOC) on Monday said that non-bank payment service providers would need a license to conduct third party payment transactions in the nation. Under the new rules, the companies will have to report to the ...

China scraps export tax rebates on 406 products

China scraps export tax rebates on 406 products From: Xinhua China s State Council, or Cabinet, has approved the scrapping of export tax rebates on 406 products, effective July 15, the Ministry of Finance said Tuesday in a statement on it website. The products included some steel ...

China s state-owned enterprises record profit surge in first 5 months

China s state-owned enterprises record profit surge in first 5 months From: China Daily 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 ...

Thai central bank: RMB move to help economic recovery

Thai central bank: RMB move to help economic recovery From: China Daily China s decision to make RMB s exchange rate more flexible will help boost the global economic recovery, the Thai News Agency (TNA) on Tuesday quoted Thailand s central bank as saying . Beijing s move should ...

China s 2009 fiscal revenue tops 6.85 trillion yuan

China s 2009 fiscal revenue tops 6.85 trillion yuan From: China Daily Chinese Finance Minister Xie Xuren said on Wednesday that the country s fiscal revenue exceeded 6.85 trillion yuan (US$1.006 trillion) last year, 718.795 billion yuan or 11.7 percent more than 2008. Xie ...

Chinese ceramic makers to unite in EU anti-dumping probe

Chinese ceramic makers to unite in EU anti-dumping probe From: Xinhua Chinese ceramic makers said Wednesday they would work together to defend themselves in the European Union s anti-dumping investigation into imports of Chinese-made ceramic tiles. The European Commission said ...

Official: Chinese enterprises strive for green development

Official: Chinese enterprises strive for green development From: Xinhua Chinese enterprises have made great efforts to promote green development and become more economical and environment-friendly, a Chinese official said Wednesday. Wang Zhongyu, president of China Enterprise ...

Retailers new growth frontier goes beyond BRIC countries

Retailers new growth frontier goes beyond BRIC countries Alongside the promise of the so-called "BRIC" countries to the U.S. and other global retailers, smaller emerging markets, including Kuwait and Dubai, are rising as the new crop of global expansion opportunities. About 80% ...

China to exempt tariffs on imports from 33 of world's least developed countries

China to exempt tariffs on imports from 33 of world's least developed countries From: Xinhua China s Ministry of Finance said Wednesday that the country would grant zero tariff status to 4,762 categories of commodities now imported from 33 of the world s least developed countries ...

Retailers invest in innovation

Retailers step up search for next big thing (Reuters) - With little prospect of a pick up in demand, and not much more room to cut costs, retailers are taking a risk by stepping up spending on innovation in the hope of finding the next must-have product to help boost sales. ...

Deloitte: UK government's VAT increase to hit retailers

VAT hike, higher costs to hit UK retail: Deloitte (Reuters) - The pain for Britain's retailers is set to intensify as a rise in VAT sales tax from next year puts pressure on household incomes and rising input costs squeeze their profit margins, business consultant Deloitte said ...

Report: Usability should be online retailers' top goal

In Online Retail, Usability Is Rated No. 1 Some online retailers are updating their looks for better navigation, while others are focusing on the bells and whistles of social shopping. But Web merchants would be wise not to forget the basics or risk frustrating their customers. ...

Thai consumers return to shopping malls

Thai consumers return to shopping malls Retailers are seeing shopping sentiment revive a month after trade was hammered by riots in Bangkok and the arson attacks on Central World, Center One and Siam Theater. Chai Srivikorn, president of the Ratchaprasong Square Trade Association...

Retailers give new meaning to value

Retailers broaden meaning of value (Reuters) - "Value" has been the retail code for low prices during the global recession, but the oft-repeated word is taking on a broader definition that includes quality and selection. Shoppers are still responding to the low price message as ...

China to further reform RMB exchange rate regime

China to further reform RMB exchange rate regime From: China Daily The People s Bank of China, China s central bank, has decided to proceed further with the reform of the Renminbi exchange rate regime to enhance the RMB exchange rate flexibility, a spokesperson of the central ...

Japanese finance minister hopes China s move on exchange rate will benefit world economy

Japanese finance minister hopes China s move on exchange rate will benefit world economy Finance Minister Yoshihiko Noda on Monday expressed hope that China s move to enhance the flexibility of the RMB (yuan) exchange rate will turn out to be conducive to the global economy. Noda ...

China s move on yuan reform widely welcomed

China s move on yuan reform widely welcomed From: China Daily The international community has reacted positively to the pronounced move by the People s Bank of China to proceed further with its reform of the exchange rate regime so as to enhance the flexibility of the renminbi s ...
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Latest World News

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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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