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Commentary: Sino-U.S.economic dialogue finish sends strong signals to future

The fifth round of the Strategic Economic Dialogue (SED) between China and the United States was fruitfully concluded on Friday, however, the future of the mechanism was still up in the air. The swansong trip of U.S. Treasury Secretary Henry Paulson secured 40 agreements with ...

China's monthly exports drop first time in 7 years

Exports and foreign direct investment (FDI) both fell in November because of shrinking demand overseas, sending fresh signs of economic weakness and prompting calls for more measures to bolster the economy. A vendor arranges footwear at her stall in a market in Nanjing, Jiangsu ...

China VAT reform to help firms cope with financial turmoil

A senior Chinese official said on Tuesday that the country's value-added tax (VAT) reform would help domestic enterprises to tide over the adverse effects of the financial crisis. Zheng Jianxin, deputy director general of the taxation department of China's Ministry of Finance, ...

China: 2008 CNG Leather Fair concludes on successful note

2008 Guangzhou Leather, Shoe Materials and Bag Accessories Expo--Autumn Session (2008 CNG Leather Fair) was successfully opened on Nov 3rd at Jinhan Exhibition Center in Guangzhou. The great opening ceremony attracted lots of visitors, exhibitors and press here. There were ...

China November PPI falls to 2%

China's producer price index (PPI), a measure of inflation, further slowed to an annual rate of 2 percent in November, the National Bureau of Statistics (NBS) announced on Wednesday.

China's top economic planners explain economic stimulus measures

China will try to distribute public resources to areas directly benefiting ordinary people, when carrying out the economic stimulus package announced on Nov. 9. The statement was made Tuesday by the National Development and Reform Commission (NDRC), the nation's top economic ...

Chinese Subsidies Anger U.S. Textile Companies

With apparel and textile quotas scheduled to expire at the end of this year on Chinese-made goods, a national trade group is urging the Obama administration to take action against the Asian giant for unfair trade practices. The National Council of Textile Organizations said that ...

HONG KONG: Hembly sells apparel retail arm for HK$100m

Apparel supplier and retailer Hembly International Holdings Limited is to sell its Well Metro subsidiary, which sells the Stonefly and Moschino brands in China, for HK$100m (US$12.9m). The unit is being bought by Primewill Investments Limited, an associate of New World Developmen...

Policies help SMEs in PRD region

The latest policies announced by the central government, such as expanding domestic demand and freezing minimum wage, have helped small and medium enterprises (SMEs) fight the global economic turmoil, entrepreneurs in Pearl River Delta (PRD) says. The central government said last ...

China CPI may ease to 1.2% in December, Merrill Lynch says

BEIJING, Dec. 11 (Xinhua) -- China's inflation at both the consumer and producer levels will ease further and the economy could see deflation early next year, Merrill Lynch said in a research note on Thursday. Data released on Thursday showed the consumer price index (CPI),the ...

Intensifying Slowdown Takes Hold In China

Steep and sudden declines in China's imports and exports show the country's economic slowdown is entering a new and more serious phase -- exacerbating the global slump while challenging a generation of Chinese companies and workers used to steady double-digit gains in sales and ...

Financial crisis draws gloomy picture for global economic growth

Prospects for global growth have been deteriorating while the United States, the world's largest economy, has been in recession due to the worst financial crisis since the Great Depression in the 1930s. FINANCIAL CRISIS DEEPENING The ongoing financial crisis, initially referred ...

China, Japan, S Korea central banks to start annual meeting for regional "financial stability"

The central banks of China, Japan and Republic of Korea have agreed to meet annually to discuss financial issues to promote financial stability in the region, the People's Bank of China (PBOC) said on its website on Wednesday. The meeting, held annually, aimed to enhance the ...

Chinese official: Scientific development can help offset economic downturn

A senior Chinese official on Sunday said an ongoing campaign to educate Communist Party of China (CPC) cadres on "scientific development" should provide the impetus for the country to cope with current economic difficulties. Li Yuanchao, head of the Organization Department of the ...

China strives for economic soft landing next year amid global financial crisis

After five years of double-digit economic growth, China on Wednesday set the tune of carrying out a "soft landing" to begin a new growth cycle, as Chinese policy makers gathered at the Central Economic Work Conference to tackle mounting difficulties in sustaining growth amid ...

Mecox to develop Rampage brand in Greater China

Iconix Brand Group Inc announced that Iconix China Limited ("Iconix China"), its 50-50 joint venture with Novel Fashion Brands Limited ("Novel"), has partnered with Mecox Lane Limited ("Mecox") to develop the Rampage brand in Greater China. Rampage expects to open in excess of 50 ...

Foreign Direct Investment in China Fell 36.5% on Year

Foreign direct investment in China fell 36.5 percent in November from a year earlier as gains by the yuan stalled and the world's fourth-biggest economy cooled. Investment was $5.3 billion, the commerce ministry said on its Web site today, the least in 14 months. The World Bank ...

China: Y-o-Y prices of polyester filament falls 25% in Nov

In November, ex-factory prices of industrial products rose 2.0 percent year-on-year while purchase prices of raw materials, fuel and power rose 4.7 percent. In ex-factory prices of industrial products, capital goods prices rose 2.0 percent year-on-year. Among them, mining ...

Dollar falls amid possible auto industry bailout deal

The dollar fell against most major currencies on Wednesday as Wall Street rebounded following reports about a possible deal to save the falling U.S. auto industry. The euro bought 1.3014 dollars in late New York trading compared with 1.2919 dollars late Tuesday. The pound rose to ...

Selling the family silver

Handbags of famous brands displayed in a Shanghai store. Zhang Yu, owner of a consignment store for luxury goods, hopes business stays as strong as it has been in the past two months amid the global economic downturn. It's been a busy time for Zhang, who started "Milan Stop" in ...
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Latest World News

china

Xi Jinping to lead national security commission
Xi Jinping to lead national security commission
The Political Bureau of the CPC Central Committee has decided that ...
China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...

world

market

Xinhua Insight: Emerging economies able to secure steady growth
Xinhua Insight: Emerging economies able to secure steady growth
DAVOS, Switzerland, Jan. 25 (Xinhua) -- Emerging economies are ...
China cuts retail oil prices
China cuts retail oil prices
BEIJING, Jan. 24 (Xinhua) -- China's top economic planner announced on ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...

finance

company

Shell companies struggle to stay listed
Shell companies struggle to stay listed
China is planning to clamp down on back door listings. A back door ...
HK Disneyland Gets Toy Story Land
HK Disneyland Gets Toy Story Land
A general view of Toy Story Land at Hong Kong Disneyland is taken ...
Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...

industry

sports

Ghana qualifies for FIFA U-20 women's World Cup
Ghana qualifies for FIFA U-20 women's World Cup
Ghana qualified for the 2014 FIFA U-20 women's World Cup following a 4...
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 ...
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 ...
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