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Shanghai Port Container Throughput up 19% in 1H

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 border ...

China's Domestic Iron Ore, Steel Trends Hit Markets

Rising domestic iron ore production and slowing steel demand have hit some foreign miners and affected the global market, industry leaders said on Tuesday. China's iron ore imports dropped for the third straight month to 47.2 million tons in June, while spot prices have dropped ...

China's Machinery Sector may Cool in Step with Economy

China's machinery industry has rebounded during the first half of this year, but the momentum is likely to slow as the country's economy cools. The machinery industry has grown by 37 percent during the first six months of 2010, with a total output value of 6.59 trillion yuan, ...

Wuhan Iron and Steel H1 profits nearly double on rising sales

Wuhan Iron and Steel Company Ltd., the listed subsidiary of China's third largest steel maker, said Sunday that its net profit rose 90.43 percent year on year to 963.53 million yuan (141.7 million U.S. dollars) during the first half of the year as strong economic growth boosted ...

China's Geely Eyes Online Car Sales

China's "Henry Ford," Li Shufu, founder and chairman of Geely Automobile Holdings, stunned the world when Geely acquired the 82-year-old luxury-car-maker Volvo earlier this year. Now he is out to shock the world's auto industry again -- this time by selling cars online. Geely, ...

Online Food Sales on the Up

With growing sales online, food may well be the next hot commodity in China's e-commerce market. Online food sales are experiencing a boom as the Mid-Autumn Festival, when eating mooncakes is a traditional practice, draws near, and as growing numbers of Chinese companies enter ...

China Seeks to Play Green with Black Energy

For China, coal has been both an economic driver and a source of pollution. However, the world's fastest growing economy will continue to rely upon coal in upcoming decades to fuel its economic growth; the difference is that it is also striving to do so in a greener fashion to ...

China Raises Gasoline, Diesel Prices

China will raise gasoline and diesel prices 310 yuan (about 46 U.S. dollars) per tonne and 300 yuan per tonne, respectively, beginning Wednesday, the National Development and Reform Commission(NDRC) announced Tuesday. The is the second increase in fuel prices in two months after ...

China's Crude Oil Self-sufficiency 45 Pct in 2010, NDRC Expects

China's self-sufficiency in crude oil is expected to be 45 percent in 2010, the National Development and Reform Commission (NDRC), the nation's top economic planner, said Tuesday. The country imported 218 million tonnes of crude oil in the first 11 months, a rise of 19.8 percent ...

China's E-commerce Boom Hits a Bump on Logistics Shortfall amid Festival Demand

Due to lower prices and broader choices, Chinese netizens have been roaming shops online for weeks before the Spring Festival, or the lunar New Year. But for those who are still hesitating about what to buy, it would be best to visit a real store. Recently, more of China's online ...

China's Anshan Steel to Set up Joint Venture with British Stemcor

China's Anshan Iron & Steel Group Corp. has inked a deal with British Stemcor to set up a joint venture, an official of the Chinese company said Tuesday. Anshan, the state-owned parent company of Ansteel based in northeast China, and Stemcor will each hold a 50 percent stake in ...

China's Iron Ore Imports Drop Last Year as Production Costs Rise

China's imports of iron ore stood at 618.64 million tonnes in 2010, down 9.13 million tonnes compared to the previous year, figures released Thursday by the China Iron and Steel Association (CISA) showed. But spending on the imports hit 79.43 billion U.S. dollars, up 29.28 ...

China Logistics Value up 15 Percent for 2010

The value of China's logistics industry hit 125 trillion yuan (18.9 trillion U.S. dollars) in 2010, a growth rate of 15 percent year-on-year, said the China Federation of Logistics and Purchasing (CFLP) on Tuesday. The growth rate was 3.7 percentage points more than the previous ...

Greek Government to Give 1.3 Bln Euros Support for SMEs

The Greek government would launch financial support programs worth 1.3 billion euros in the following six months to support the country's small- and medium-sized enterprises amid economic crisis, local media reported Wednesday. The programs, including the energy efficiency ...

China to Speed up Elimination of Outdated Production Capacity

The government will step up efforts to eliminate outdated production capacity, said a statement issued by the State Council on Wednesday. Eliminating outmoded production capacity was imperative to transform the economic growth pattern, boost economic growth quality and fight the ...

RMB revaluation can't solve U.S. trade balance

Revaluation of the Chinese currency will not help solve the U.S. trade deficit problem, a renowned U.S. economist said here on Thursday. During a roundtable held in New York, Allan Meltzer, economist and professor of Political Economy at Carnegie Mellon University, told Xinhua ...

High Trade Surplus "Likely to Remain"

The country's high trade surplus will likely remain for the rest of the year as domestic demand continues to shrink from government attempts to curb the property bubble, Chinese analysts have said. Exports in July shot up 38.1 percent from the same period last year, bringing ...

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 ...

ICBC launches Financial Leasing Company

ICBC Financial Leasing Co., Ltd., solely invested by ICBC, held a formal opening ceremony and celebration cocktail party respectively in Tianjin and Beijing on November 28th. Dai Xianglong, mayor of Tianjin, Cui Jindu, vice-mayor of Tianjin, Cai Esheng, vice-president of China ...

Ministry of Railways and ICBC Enter Partnership Agreement

Beijing, January 4 - Ministry of Railways and ICBC entered A Strategic Partnership Agreement on China Railways to "Go out to the World". Guests at the signing ceremony from the Ministry of Railways were Liu Zhijun the Minister; Lu Chunfang the Vice Minister and Yu Bangli the ...
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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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