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Regulating property market challenging

A SENIOR Chinese housing official said Friday that it remained difficult to regulate China s real estate market as local governments were too reliant on revenue from land sales. Qiu Baoxing, vice minister of Housing and Urban-Rural Development, said a rising housing demand due to ...

Economic meeting date set for Dec. 10-12

THE government will hold an annual economic conference in Beijing late next week to set guidelines for monetary and fiscal policy in 2011, two people with knowledge of the matter said. Officials may discuss lending and inflation targets at the Dec. 10-12 meeting, one of the ...

Govt. cracks down ondiesel overcharging

THE National Development and Reform Commission (NDRC), China s economic planner and price regulator, said Friday it has asked local governments to crack down on some gas stations selling diesel above the State-set prices. NDRC investigators found some gas stations have been ...

Western Potash talking with China investors

WESTERN Potash Corp., a Canadian explorer for the fertilizer, is in preliminary talks with potential investors in China to fund development of its Milestone potash project in Saskatchewan. The Vancouver-based company said Friday in a statement it was in discussions with third ...

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Ministries to carry out property inspections CHINA would carry out a nationwide property inspection on the implementation of the government s real estate measures, China Daily reported yesterday, quoting unidentified people from the property industry. The large-scale inspection ...

Planning body urges more efforts to cap price rises

THE country s top economic planning agency urged local governments yesterday to redouble efforts to prevent speculative funds from driving up prices of a wide range of products. The statement by the National Development and Reform Commission (NDRC) is the third this week aimed at ...

Veg prices fall at faster rate

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 Nov. 21 ...

Developers snap up commercial sites

LAND sales on the mainland were heating up as big developers accumulated land to push smaller competitors out of the market, South China Morning Post reported yesterday, quoting analysts. With policy-risk hanging over the residential market in the short term, the attention of ...

Money inflow slows but remains big

CAPITAL flow into China slowed in November from a near record high in October, central bank data showed, which is expected to reduce the need for the People s Bank of China (PBOC) to conduct another imminent tightening. The Position for Forex Purchases showed November inflow ...

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SOE profits up 43% in first 11 months PROFITS of China s State-owned enterprises (SOEs) in the 11 months to November hit 1.81 trillion yuan (US$271.92 billion), up 43.1 percent year on year, figures released Friday by the Ministry of Finance (MOF) show. But profits in November ...

Falling coal inventoriesthreaten power supply

DWINDLING coal stocks in power plants threaten normal power supplies in parts of China, domestic media reported over the weekend, after the government warned of energy shortages due to demand and weather factors. Coal inventories in thermal power plants covered by the central ...

Oil, gas resourcetax extended

CHINA had extended its resource tax on domestic sales of crude oil and natural gas to 12 western regions and provinces, a government official said Friday. China started levying a 5 percent resource tax on crude and natural gas sales in the northwestern Xinjiang region from June 1 ...

Govt. to raise CPI target

THE government would set a 4 percent target for consumer inflation next year, up from this year s 3 percent objective, the country s top economic planner said Tuesday, an indication that the government will desist from aggressive tightening even as price pressures mount. The ...

China, Pakistan conclude US$35b contracts

CHINA and Pakistan concluded nearly US$15 billion worth of deals Saturday, as Chinese Premier Wen Jiabao said China would never give up on the troubled country. Business leaders formalized paperwork adding to the deals worth US$20 billion signed Friday under blanket security at ...

Foreign direct investment up 38% in Nov.

CHINA attracted US$91.7 billion in foreign direct investment (FDI) in the 11 months of 2010, nearly 18 percent more than the same period of 2009, the Ministry of Commerce said yesterday. The country was on course to attract US$100 billion in FDI this year, commerce ministry ...

South-to-North Water Diversion Project

A container truck drives past stacks of shipping containers at Waigaoqiao Container Port in Shanghai in this file photo. The world s most expensive infrastructure project, a US$150 billion plan to bring water from the mighty Yangtze river to the parched north, calls for sending ...

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China to appeal WTO ruling on U.S. tariffs CHINA is to appeal a World Trade Organization (WTO) ruling that U.S. tariffs on Chinese tires are consistent with global trade rules, according to Yao Jian, spokesman of China s Ministry of Commerce (MOC) yesterday. China was concerned ...

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Nation aims for U.S.-style property tax THE government aimed to introduce a U.S.-style property tax in the future through reform of the existing real estate tax system, Jia Kang, director of the fiscal science institute under the Ministry of Finance, said Sunday. Jia also said ...

China to have Windows Phone 7 in 2nd half of 2011

MICROSOFT plans to launch Windows Phone 7 in China in the second half of 2011. The release date was announced during a speech early this week by Yang Tianyang, Microsoft s communications sector director for the Greater China region. The company was also in discussion with Chinese ...

City Jade Men indulge in cosmetics

EVERY morning Shane Zhang applies face scrub, toner and moisturizer; at night he uses Lancome anti-aging cream. Twice a month he treats himself to a facial using mud from the Dead Sea. People say I look younger than my age, says Zhang, 28, who sells advertising for lifestyle ...
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china

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world

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GM China chairman to retire
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China's farm product pricing plan shifts to market orientation
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finance

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China cloning pigs on industrial scale
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Retailer's Net Profit Falls 3%
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industry

trade

Dollar trades at lower 102 yen level in early Tokyo deals
Dollar trades at lower 102 yen level in early Tokyo deals
TOKYO, Jan. 27 (Xinhua) -- The U.S. dollar traded at the lower 102 ...
Dreamliner launches its world tour in China
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China has become Boeing Co's priority market amid the European debt ...
Logistics industry faces reshuffle
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