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Public Wary of Property Prices

Most potential homebuyers in Shanghai are prepared to delay their purchase by at least three years in the hope government will cool the real estate market. According to newly released results of an online survey conducted by local government about residents' attitudes to buying ...

Yunnan Earmarks 3 Bln Yuan for Coffee Growing

Yunnan Province in southwest China plans to invest 3 billion yuan (about 454.5 million U.S. dollars) in boosting its coffee industry in the coming decade, a trade association head said Sunday. Most of the money will be used to improve soil quality so barren land can be converted ...

China to Promote Auto Imports: Official

China will actively promote auto imports over the next five years to help the country restructure and upgrade its auto industry, a Chinese official from the Ministry of Commerce (MOC) said Sunday. Qian Jingfen, an official in charge of imports at the MOC's Industrial Department, ...

Trade up between S. China's Guangxi and ASEAN

Trade increased rapidly between China's Guangxi Zhuang Autonomous Region and ASEAN member states over the past 11 months, the local customs house reported Sunday. China and ASEAN members form the world's largest trade zone which came into being Jan. 1 this year. Guangxi, ...

Tibet Tops China's Trade Growth

The export and import trade volume from January to November in China's Tibet Autonomous Region has reached 693 million U.S. dollars. The figure is up 94 percent year on year, which makes Tibet first in trade growth rate among China's provinces, autonomous regions and municipaliti...

Asian Market Roundup Dec 24

China Chinese equities closed lower Friday as the benchmark Shanghai Composite Index went down 0.7 percent, or 20.06 points, to close at 2,835.16 points. The Shenzhen Component Index lost 0.69 percent, or 87.73 points, to close at 12,556.85 points. Combined turnover shrank to 185...

Dollar Mixed as the Euro Remains Vulnerable

The U.S. dollar traded mixed against major currencies in late New York trading on Thursday as the euro stayed weak. Rating agency Fitch Research downgraded Portuguese sovereign debt to A+ from AA- on Thursday. This downgrade put Portugal's sovereign debt rating only three cuts ...

Yashili Int'l Tumble 12 pct from IPO Price

Shares of Chinese infant-formula maker Yashili International opened 11.9 percent lower than its initial public offering price of 4.2 HK dollars (54 U.S. cents) on Monday, its first trading day in Hong Kong. Under the stock code of 1230, shares of the privately-owned company, ...

Danish Wind Turbine Giant Vestas Sheds 3,000 Jobs

The Danish producer of wind turbines, Vestas, Tuesday announced the sacking of 3,000 of its workers, more than one-eighth of its workforce. The large cut in jobs was announced together with the presentation of Vestas' quarterly report. The report showed that Vestas is doing ...

Liquor prices soar ahead of holidays

With multiple holidays fast approaching, makers of premium liquors are jacking up prices on clear Chinese alcohol, as they are popular holiday gifts in China. Guizhou-based Kweichow Moutai Company announced late Wednesday that it would hike the price of its famed Moutai liquor by ...

China CNR, CHALCO sign accord on strategic cooperation

China CNR Corp. announced Tuesday that it has signed a framework agreement with Aluminum Corporation Of China (CHALCO) to forge a strategic cooperation as both companies vowed to guarantee supplies to each other. China CNR and CHALCO will prioritize their supplies of products to ...

Oil slips below $77 on Euro zone worries

Global oil prices pared much of its gains in European trade Tuesday as the dollar regained against the euro amid negative Euro zone industrial production reports. Light sweet crude for October delivery was seen trading at $76.61 a barrel at 1.00 p.m London time while Brent crude ...

Indonesia, Malaysia, NZ Dump Methanol in China

China's Ministry of Commerce (MOC) said Thursday in a final ruling that Indonesia, Malaysia and New Zealand dumped methanol in the Chinese market, causing material damage to Chinese manufacturers. Five-year anti-dumping measures against methanol imports from the three countries ...

Asian Market Roundup Dec 17

China Chinese shares fell Friday driven down by financial stocks over rate rise concerns. The benchmark Shanghai Composite Index closed down 0.15 percent, or 4.40 points, to end at 2,893.74 points. The Shenzhen Component Index declined 0.28 percent, or 36.08 points, to end at 12...

Wall Street Gains on Senate Tax Vote, Merger Deals

U.S. stocks opened higher and gained in the early trading session as investors expected the Senate will vote to extend tax cuts and several merger deals boosted confidence in equities. The tax cut compromise between President Barack Obama and the Republicans was scheduled for its ...

China Sees Rising Land Transferring Fees

As of Tuesday, November 22, Beijing's land transferring fees have amounted to 100.448 billion yuan (15 billion U.S. dollars) with an increase of 57.2 percent over the same period last year, the Beijing Times reported. Despite the harshest real estate regulations in the country's ...

Analysis of China's Job Market 2010

By Robert Parkinson 2010 has seen the rate of professional level hiring in China rapidly accelerate and those in the recruiting and HR community can now really feel the pressure to find the right candidates starting to mount: MNC/Fortune 500 and SME led expansion held back during ...

Vegetable Prices Decline at Faster Rate: MOC

China's vegetable prices declined at a faster rate last week as weather remained good and local governments stepped up efforts to ensure supplies. According to a report by the Ministry of Commerce (MOC) on Tuesday, the prices of 18 types of vegetables for the week ending November ...

Oil Firms Fined for Propping up Prices

China said on Tuesday it would punish six companies, including affiliates of the country's two oil giants, for selling diesel above the state-set prices, in an effort to ease the diesel shortage and keep soaring prices in check. The companies, including Sinopec's units in Wuhan ...

HKEx to Extend Trading Hours Next Year

Hong Kong Exchanges and Clearing Limited (HKEx) announced on Tuesday that its Board of Directors has decided to extend the trading hours of the securities and derivatives markets in two phases beginning in next March, to strengthen its competitiveness. HKEx noted that the ...
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Latest World News

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China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
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China's reform leading group holds first meeting
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world

finance

Reforms to fuel Shanghai's growth in 2014
Reforms to fuel Shanghai's growth in 2014
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Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
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Xinhua Feature: World's political, business leaders gather in Davos for WEF
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company

industry

Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
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Super car club in commercial drive
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On the night of Nov 11, more than 150 super cars were driven into the ...

trade

sports

Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
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 ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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