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China reiterates financial support for small businesses2013-08-13
BEIJING, Aug. 12 (Xinhua) -- China's cabinet on Monday unveiled details of financial support for the cash-strapped small businesses which play a key role in growth and employment. Credit growth to small enterprises should not be lower than total credit growth. The incremental amount should not be l…
Beijing housing investment down 8.8 pct2013-08-13
BEIJING, Aug. 12 (Xinhua) -- Housing investment in Beijing fell 8.8 percent year on year to 74 billion yuan (12 billion U.S. dollars) in the January-July period, as home price caps dented investment, data released Monday showed. During the period, total property investment rose at a year-on-year ra…
China's economy has potential to sustain fast growth: expert2013-08-13
BEIJING, Aug. 12 (Xinhua) -- It is still possible for China to maintain fast economic growth despite a growth rate that has decelerated for the past 13 consecutive quarters, according to an opinion piece reprinted in the China Securities Journal on Monday. The opinion piece, penned by Justin Yifu L…
China has 442,000 foreign-funded companies2013-08-13
BEIJING, Aug. 12 (Xinhua) -- Some 442,000 foreign-invested companies had been set up in China by the end of July, up 0.26 percent from a month earlier, according to a report released by the State Administration of Industry and Commerce (SAIC) on Monday. Their registered capital fell 0.03 percent fr…
Rising labor shortage hits key delta regions2010-11-29
China Daily   Soaring living costs, low wages 'are to blame'   SHANGHAI / GUANGZHOU - The economy's twin engines, the Yangtze and Pearl river deltas, are spluttering due to a shortfall of migrant workers, especially in the service and manufacturing industries, amid soaring living cost…
Google pulls plug on 2 sites2010-07-21
China Daily   BEIJING - Google Inc said on Tuesday it will shut down two unpopular Chinese online services and end technical support for a Chinese-language forum website.   The online giant made the announcement in a posting on its Chinese-language site on Tuesday.   The res…
Chinese economy set to grow in next 20 years: World Bank2010-05-18
HIGHLY effective investment in infrastructure by the Chinese government and the urbanization process in China will ensure a continuous rapid growth of the Chinese economy in the next 20 years, said a senior World Bank economist on Saturday. During the Southeast Asian financial crisis in 1997-98, the…
Foreign investment still flowing2010-05-18
FOREIGN direct investment in China climbed for the ninth straight month in April, bolstered by China's strong economic performance and the government's relaxed rules to lure investors.China will remain an attractive destination for foreign money because of its dynamic economy and people's expectatio…
US$23b deal signed2010-05-18
NIGERIA'S state-run oil company has entered into a US$23 billion agreement with a Chinese company to build three oil refineries and a fuel complex in the west African nation.The Nigerian National Petroleum Corp said this would help the oil-rich nation cut back the amount of gasoline the country is f…
Affordable housing gets boost2010-05-18
SHANGHAI plans another 23 large residential communities in non-central areas of the city this year as it moves to increase the supply of affordable housing, officials said yesterday.The 23 communities, mainly located in outlying areas with convenient subway links as well as necessary ancillary comme…
Funds and brokers to trade futures soon2010-05-18
CHINA'S fund managers and brokers will soon be allowed to trade the newly launched stock index futures after regulators granted the first batch of hedging quotas, according to sources. The China Financial Futures Exchange said it had approved the first batch of hedging codes and quotas for stock ind…
Crackdown on intense power use by firms2010-05-18
LOCAL governments have been told to submit a list of energy-intensive firms by the end of June and punitive power tariffs will be imposed on them as efforts to cut energy consumption gathered speed, an official from the electricity regulator said yesterday.Meanwhile, local power authorities must sub…
Banks told to screen lending2010-05-18
SHANGHAI'S banking regulator has demanded that banks complete the scrutiny of credit to local government-backed financing arms by June as part of a nationwide audit amid growing concerns of loan defaults.The Shanghai Bureau of the China Banking Regulatory Commission has asked banks to "strictly cont…
Key index dips as losses offset gains2010-05-18
SHANGHAI'S stock market closed slightly lower yesterday, the last trading day of the week, with gains in pharmaceutical companies overshadowed by a weak performance of financial and property shares.The Shanghai Composite Index dipped 0.51 percent, or 13.88 points, to close at 2,696.63.But the gauge …
Shanghai's foreign trade roars nearly 40%2010-05-18
FOREIGN trade through Shanghai in the first four months expanded nearly 40 percent from the same period last year as domestic demand boosted imports. Combined throughput from the city's ports totalled US$200.2 billion by the end of April, according to a statement from Shanghai Customs. The figure wa…
Demolition to start for Maglev line, despite fears2010-05-18
China Daily) Demolition to clear the way for the Mentougou subway line will start in September despite public fears about radiation from Beijing's first Maglev train. Construction of the line, which will link Shimenying, in Mentougou district, to Cishousi, in Haidian district, will be carried out…
Steel product prices may fall in June2010-05-18
China Daily) BEIJING - Steelmakers are expected to maintain or cut product prices for June after the government came out with policies to cool the sizzling realty sector. Anshan Iron and Steel Group, China's fourth-largest steelmaker, said it would keep prices of most of its products unchanged in…
Cnooc, General Electric plan PE fund2010-05-18
China Daily) New venture likely to consider investments in energy projects at home and abroad BEIJING - China National Offshore Oil Corp (Cnooc) and global conglomerate General Electric Co (GE) are considering setting up a 3 billion yuan private equity (PE) fund, a source familiar with the matter…
Govt wants private sector boost2010-05-18
(China Daily)Updated: 2010-05-14 09:20 Guidelines call for more non-State investment in range of industries BEIJING - The central government released guidelines on further encouraging private investment in a wider range of key industries, a move indicating the authorities are placing more importa…
Mundell calls for yuan's inclusion in IMF basket2010-05-18
China Daily) BEIJING - Nobel laureate Robert Mundell on Thursday called for the Chinese currency to be included in the basket of the special drawing rights (SDR) regime of International Monetary Fund (IMF) this year. He also said yuan should not appreciate and a steady yuan is important for contin…
China's cultural market booming after reform2010-05-18
Xinhua) BEIJING - China's cultural reform has been paying off as more profitable companies contribute to the market's soaring capital assets, according to a report by the National Bureau of Statistics. By the end of 2008, the report said, 1,396 cultural groups -- up from 430 in 2004 -- each h…
Beijing urges efforts to ensure summer harvest2010-05-18
Xinhua) BEIJING - China's Ministry of Agriculture Friday ordered local departments to strengthen field management to ensure the summer grain output after prolonged extreme weather in some areas. China faced with a challenging grain situation this summer as persistent cold weather had ravaged major…
Official urges to expand cross-Strait trade2010-05-18
(Xinhua) BEIJING - China's top political advisor, Jia Qinglin, Friday called on the Chinese mainland and Taiwan to work together to deepen economic exchanges and cooperation. Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made the re…
WB lends China $350M on food safey, road project2010-05-18
Xinhua) BEIJING - The World Bank Friday announced it had approved two loans totaling US$350 million to help China enhance food safety and improve roads in the country's northwest. A food safety project in northeast China's Jilin Province, one of the country's major agricultural provinces, wou…
China's demands keep South Africa mines booming2010-05-18
Xinhu JOHANNESBURG - Demand from China is one of the reasons for South Africa's total mining production rising for a third successive month in March, according to figures released on Thursday by Statistics South Africa. Growth was boosted particularly by demand from China and other fast-growi…

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