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Climbing prices begin to erode China s exports: INFLATION was starting to slow China s mighty export machine, as buyers from Western multinational companies baulked at higher prices and had cut back their planned spring shipments across the Pacific, overseas media said yesterday. Markups of 20 to 50 percent on products like ...

Ministry warns of pressure on food supply: CHINA faces great pressure in securing its food supply in the next five years due to accelerating domestic demand, according to a senior agricultural official Saturday. Chen Xiaohua, a vice agricultural minister, said he expected China s consumption of grains to grow by 4 billion ...

Property bubble fuels hard landing fears: THE world business elite raised concerns over China s property prices at its annual get-together in Davos, with some worrying that if the bubble bursts it could hurt growth. Can China deflate its real estate bubble without generating a hard landing in its economy? It s a serious ...

Banks cut bad loans, raised provisions in 2010: CHINESE banks finished 2010 in a stronger position than they started, chipping away at their bad debt holdings and beefing up provisions in case their asset quality deteriorates, a new set of official data shows. But after steadily improving in recent years, Chinese banks balance ...

News Bites: Environmental tax plan now with Cabinet CHINA S landmark environmental tax plan had been submitted to the State Council, China s Cabinet, a petroleum and chemical industry association said yesterday. Domestic media reported last August that three Chinese ministries would soon ...

Huawei wins order protectingdata in suit against Motorola: HUAWEI Technologies Co., China s largest telecommunications equipment maker, won a court order barring Motorola Solutions Inc. from disclosing confidential information about Huawei s technology to Nokia Siemens Networks, which plans to buy Motorola s wireless networks business. U...

News Bites: Anti-dumping tax on X-ray scanners CHINA would levy an anti-dumping tax on X-ray security scanners made by European companies, the Ministry of Commerce said. An investigation showed that European makers of the scanners harmed local manufacturers by dumping the devices in the ...

Govt. issues new regulations on real estate agents: A potential home buyer reads real estate advertisements on the window of a property agent in Shenzhen in this file photo. China issued new regulations to regulate real estate brokerage practices, a statement said Tuesday. The statement, released jointly by the Ministry of Housing ...

Government plans nationwide resource tax: CHINA would roll out a resources tax across the country over the next five years as the Central Government tried to boost local government income and reduce reliance on land sales, domestic media said yesterday. The Central Government would also overhaul taxes levied on high...

Sports brand tries to break into U.S. market: CHINESE athletic shoemaker Li-Ning knew it couldn t out-Nike Nike, especially in the sporting giant s own backyard. So the company is going low-budget edgy in its expansion to the United States, using a YouTube video to play up its heritage while taking a lighthearted dig at the ...

Housing prices rise in most cities: CHINA S January new home prices rose from a year earlier in all but two of the 70 cities monitored by the government, defying property curbs to keep housing affordable. New home prices in the capital Beijing advanced 6.8 percent in January from last year, while Shanghai climbed 1...

Gold rich region reports growth for seven consecutive years: A visitor examines a gold souvenir at a fair in Shenzhen in this file photo. Gold output jumped by 14.89 percent year on year to reach 10.5 tons in northwestern China s Xinjiang Uygur Autonomous Region in 2010, local authorities said Sunday. That indicates Xinjiang, one of the ...

China grocery market to overtake U.S. in 2012: CHINA would overtake the United States to become the world s biggest grocery market next year and by 2015 it would be joined in the top five by Russia, as well as India and Brazil, according to a study published Saturday. International food and grocery analysts IGD forecast China ...

Huawei backs away from 3Leaf acquisition: SHENZHEN-BASED Huawei said it would back away from its acquisition of U.S. server technology company 3Leaf s assets, bowing to pressure from a U.S. Government panel that had suggested it should divest the assets. The U.S. Government has been concerned about Huawei, China s ...

China raises bank reserves to fight inflation: CHINA raised banks required reserves by 50 basis points on Friday, showing no let-up in a campaign to stamp out stubbornly high inflation. The fifth such increase since October will force the country s biggest lenders to lock up a record amount of their deposits at the central ...

China air passenger growth to lead global market: THE number of international air passengers from the Chinese mainland would rise by an average of 10.8 percent per year through to 2014, making it the world s fastest-growing market, industry association IATA forecast. Hong Kong would be the world s fastest-growing air cargo ...

Maotai pricier in China, cheaper abroad: Bottles of Maotai liquor on sale in a Chinese supermarket in this file photo. More Chinese tourists were snapping up Chinese brands on overseas markets where they were cheaper, domestic media reported over the weekend. According to the reports, Moutai s star product, the 375ml ...

News Bites: Crude steel output to hit record 660m tons CHINA, the world s largest steel producer, was expected to generate a record of 660 million tons of crude steel this year, the Ministry of Industry and Information Technology (MIIT) said yesterday. Despite rising production and prices, ...

Banks urged to restrict loans to local govts.: CHINA S banking regulator urged banks to restrict new loans to local government financing vehicles and again warned of the credit risks of property loans, Shanghai Securities News reported yesterday, citing a document recently issued to lenders. Banks shouldn t renew or roll over ...

China Mobile looks for partnerships in foreign markets: Wang Jianzhou (2nd R), chairman of China Mobile and his foreign counterparts at a promotion during the Mobile World Congress in Barcelona on Tuesday. China Mobile is looking for partners to bid for network licenses overseas as part of efforts to revive business growth, domestic ...

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