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China needs to transform economic growth pattern

China needs to transform its economic growth pattern and the next 30 years will be vital for the transition, a visiting Chinese economist said here on Monday. "China needs to transfer its development pattern from scale dividend into productivity and institutional dividend," Qin ...

USITC to keep existing antidumping duty order on China's magnesium

The U.S. International Trade Commission (USITC) on Thursday decided to keep the existing antidumping duty order on imports of magnesium from China, but would revoke the same order on imports of this product from Russia. The USITC said that revoking the existing antidumping duty ...

Growth of Chinese SME loans outpaces credit to large firms: central bank

Lending to China's small and medium-sized enterprises (SMEs) rose faster than loans to large enterprises last year, according to the People's Bank of China (PBOC), the central bank. Outstanding loans to small enterprises by banks and financial institutions jumped 29.3 percent ...

Britain seeks more business chances in Philippines

The United Kingdom is keen to join the Philippine government's public-private partnership (PPP) initiative as it wants to expand trade relations with the key emerging economy, British ambassador said here Friday British Ambassador to the Philippines Stephen Lillie said his ...

U.S. stocks close second straight week of gains after Mubarak resigns

U.S. stocks ended in their second straight week of gains on Friday after Egyptian President Hosni Mubarak's resignation. The market opened lower on Friday morning as Mubarak refused to quit on Thursday, but bounced back after Mubarak handed over power to the military and left ...

Imports, car sales fuel 23% jump in tax revenue

Driven by the large volume of imports and car sales, China's tax revenues jumped 23 percent year-on-year to reach 7.32 trillion yuan ($1.1 trillion) last year, sparking calls for tax cuts.

HK foreign reserves reach $273b

The Hong Kong Monetary Authority (HKMA) announced Wednesday that the official foreign currency reserve assets of Hong Kong amounted to $273.2 billion at the end of January.

Gold further hikes amid inflation, weak dollar

Gold futures on the COMEX Division of the New York Mercantile Exchange further hiked on Wednesday, buoyed up by weak dollar and concerns over inflation. The most active gold contract for February delivery climbed 1.4 dollars per ounce, or 0.1 percent, to settle at 1,365.5 dollars...

Local govts asked to include low-carbon plans in 12th Five-Year Plan

The National Development and Reform Commission (NDRC), China's top economic planner, requested pioneer provinces and cities planning to carry out low-carbon pilot programs include details in their 12th Five-Year Plan (2011-2015), Xinhua News Agency reported Wednesday.

Rate hike 'aims to help tame inflation'

The central bank on Tuesday raised interest rates for the third time since mid-October by another 25 basis points, to help mop up liquidity and tame surging inflation. Effective on Wednesday, the benchmark one-year lending rate will increase to 6.06 percent from 5.81 percent, and ...

China to strengthen auditing work for foreign loans, aid funds

China's top audit authority announced Tuesday that it would enhance auditing and supervision over loans and aid funds from foreign countries during the next five years.

Chinese M&A to focus on domestic consolidation

China, which dominated the world's mining and metal transaction sectors in 2009, will shift its merger and acquisition (M&A) activity into domestic consolidation, with deals reaching an unprecedented level in 2011, according to a report from Ernst & Young released on Tuesday. ...

China contributes to Doha round talks

By honoring its commitments to the World Trade Organization (WTO), China has made an above-average contribution to the Doha round of world trade talks, Chinese ambassador to the WTO Yi Xiaozhun said here Tuesday. "China is open to any form of negotiations, as long as those ...

U.S. stocks drop on Japan disaster and high oil prices

U.S. stocks declined on Tuesday on high oil prices and possible earning lost from airline companies because of Japan disaster. With no economic news released on Tuesday, investors paid attention to the company front. Delta Air Lines Inc., the second largest U.S. airline, said ...

UK eyes China as key partner for growth

British Trade and Investment Minister Lord Stephen Green said on Monday in Beijing that China is Britain's key partner for growth. Green arrived in Beijing Monday to begin a five-day business tour, which will include visits to Beijing, Chongqing and Hong Kong. "China has seen ...

Oil rises on Libya conflict, supply concerns

U.S. crude oil price rose as a Western coalition airforce struck Libya and unrest in several Middle East countries caused concerns about crude supply safety. Light, sweet crude for April delivery gained 1.26 dollars to settle at 102.33 dollars a barrel on the New York Mercantile ...

Japan's reconstruction may fuel China's inflation

The rising price of oil, gas and other commodities, because of rising demand as reconstruction work begins in Japan, will keep China's inflationary pressure at a high level, World Bank economists said on Monday. "Japan's demand for commodities in the aftermath of the recent ...

China's growth this year slower but still robust

China's economic growth will slow this year but the growth momentum will remain strong, a government official said here Monday. "Growth will steadily pick up starting in the second quarter of 2011," Zhang Yutai, head of the Development Research Center of the State Council, said ...

Canada seeks closer economic ties with Africa

Canada was the largest foreign investor in Africa's mining industry and its businesses were well positioned to take a leading role in the continent's economic development, a senior official said Tuesday. Peter Van Loan, the Canadian Minister of International Trade, was addressing ...

Oil plunges near 4 pct on Japan nuclear crisis

U.S. crude oil price on Tuesday plunged near 4 percent after opening higher at 101.86 dollars a barrel, as a deepening nuclear crisis in Japan triggered a panic sell-off in the commodity markets. Japan's Prime Minister Naoto Kan said Tuesday radiation that has spread from four ...
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China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
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IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Gaming Firms Find Going Tough
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Yao's gift of sport for all
Yao's gift of sport for all
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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
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