Policies

MOA to support hog industry

The Ministry of Agriculture issued a guideline on Monday to support the hog industry, which is battling falling prices due to weak demand and oversupply.
Ministry to build distribution center for farm products

The Ministry of Commerce announced it will build several major distribution centers for the country's agricultural industry over the next three to five years.
New round of sugar purchasing to start

China will start the second round of State sugar purchasing with a target of 300,000 metric tons, according to the economic planner.
Policies help pork prices recover

The government's efforts to shore up the country's pork prices has started to take effect, the Ministry of Commerce said in a statement on its website.

Phoenix Arts Group spreads wings globally

Chen Weihong never became a painter like he wanted to, but at the age of 40 he has managed to build an art materials empire on his own.
Mills investigated over tainted rice

Three rice mills in central China's Hunan province are being investigated after rice they produced was found to be contaminated with cadmium.
Plastics firm signs university agreement

Borouge, a leading provider of plastics solutions will extend coverage of its sponsorship program to five universities in China.
Online customs data platform launched

China lags behind in marketing customs data and their use as valuable trade information.

Chinese shares close mixed Wednesday

Chinese shares closed mixed on Wednesday after a rally of five consecutive trading days.
UBS Securities fined in Hong Kong

Hong Kong's securities watchdog, Securities & Futures Commission, has reprimanded and fined UBS Securities Hong Kong HK$1.6 million.
Lender wins big with local edge

Amid global economic woes and the fluctuating fortunes of China's economy, last year would hardly be considered the best time to launch a new bank.
EXIM bank to finance Greek ship owners

China Export Import Bank confirmed on Monday that it will fund Greek shipowners to book vessels in Chinese shipyards.

Exporters urged to 'optimize'

Ministry to help manufacturers target emerging markets, replace lost business.

Retrial for case of int'l purchase

On Monday, a higher court in Beijingoverturned the original ruling over a former flight attendant who bought goods overseas to sell in China;and handed down an 11-year sentence, and ordered a retrial of the case.

No let up in home price rises

Housing prices face significant upward pressure in 2013 due to the possible effect of the current policies and the authorities may tax owners of multiple properties to guard against further price hikes.

Gold loses sheen, but still a safe bet

The price of gold dropped by the daily limit for two consecutive days.

Bird flu concerns threaten Yum's sales

Yum Brands Inc said sales in China will see a steep dive as a result of bird flu scares.

Credit card fraud warned

Looking abroad for a new home

Carmakers map out plans in Africa

It would not be surprising to see the Cote d'Ivoire dealer interspersing his sales pitches with tidbits about China and Beijing truck maker.

Luxury brands up service level

manufacturers have increased investment in dealer training to improve customer satisfaction and loyalty.

Volkswagen China sales grow by 20%

Private cars get longer lifespan

EU telecom probe 'hurts interests of both sides'

Commerce Minister Gao Hucheng said the EU's decision to launch an investigation into Chinese telecommunication equipment manufacturers would damage the interests of both China and the EU.

Trade surplus figures 'over-inflated'

China's trade surplus figures in the first four months of the year were over-inflated by hot money smuggled into the country.

Chinese brands increase in value

Tencent Holdings Ltd, a major Internet services company in China, has overtaken Facebook Inc in terms of brand value, boosted by its rising revenue and large number of loyal users.

Investors upbeat about banks' outlook

Local investors remain confident of the medium- to long-term performance of leading bank shares, despite the sale of a $1.1 billion stake in one of the country's largest banks by Goldman Sachs Group Inc.

Economy

Growth of 8% still possible for years

Despite China's slowing economic growth, the country has the potential to maintain annual growth of about 8 percent for the immediate future.
China's outbound M&A value hits record high: PwC

The total value of China's outbound mergers and acquisitions in 2012 reached a record-high $65.2 billion.
Chinese SOEs reports slower profit growth

China's State-owned enterprises saw their total profit growth slow to 5.3 percent year on year to reach 689.13 billion yuan in the first four months.
Consumer confidence rebounds in Q1

Consumer confidence in the first quarter rebounded to the highest level since the third quarter of 2010, according to a Nielsen report.

Weak demand drives up iron ore stockpiles

An expert said Wednesday that rising stockpiles of iron ore at Chinese ports indicates dropping iron ore demand due to unfavorable economic conditions.
NZ farmers seek improvement after meat export delays

The head of New Zealand's farm industry body said Wednesday that farmers are hoping to get the trade relationship with China running smoothly again.
Central, local govts invest $350m in software

Chinese governments at the central and local levels have invested 2.16 billion yuan in buying original office software over the past three years.
Falling commodity prices needed for Chinese economic miracle

Global prices for commodities, such as iron ore, need to come down a little bit so that China can continue its economic miracle.

Careful handling of hot potato

China's capital and financial account surplus has also soared, to $101.8 billion in the first quarter of this year, up from only $20 billion in the fourth quarter of last year.
Rising yuan increases risks

The yuan's daily reference rate set by the central bank rose to a historical high of 6.1911 per US dollar on Tuesday.
Role of watchdog

The abolition of 71 approval items and the delegation of a further 20 to lower level governments last week were substantial moves to facilitate private investment and inject vitality into the country's economic growth.
Living with the Internet rumor mill

"Falsehood flies, and truth comes limping after it," said the great 18th century writer Jonathan Swift in his essay, The Art of Political Lying.

Deputy appeals for greener coal mining policies

A legislator has called for more policies to encourage greener exploration of coal to improve energy efficiency.

Working for a beautiful China

China has made substantial efforts to solve pollution problems in recent years as the following news photos show. They will help our readers see the efforts made not only by government, but also by people themselves from the developed east to the under developed west.

City Special

The Ministry of Agriculture issued a guideline on Monday to support the hog industry, which is battling falling prices due to weak demand and oversupply.

The Ministry of Commerce announced it will build several major distribution centers for the country's agricultural industry over the next three to five years.

China will start the second round of State sugar purchasing with a target of 300,000 metric tons, according to the economic planner.

The government's efforts to shore up the country's pork prices has started to take effect, the Ministry of Commerce said in a statement on its website.

Chen Weihong never became a painter like he wanted to, but at the age of 40 he has managed to build an art materials empire on his own.

Three rice mills in central China's Hunan province are being investigated after rice they produced was found to be contaminated with cadmium.

Borouge, a leading provider of plastics solutions will extend coverage of its sponsorship program to five universities in China.

China lags behind in marketing customs data and their use as valuable trade information.

Chinese shares closed mixed on Wednesday after a rally of five consecutive trading days.

Hong Kong's securities watchdog, Securities & Futures Commission, has reprimanded and fined UBS Securities Hong Kong HK$1.6 million.

Amid global economic woes and the fluctuating fortunes of China's economy, last year would hardly be considered the best time to launch a new bank.

China Export Import Bank confirmed on Monday that it will fund Greek shipowners to book vessels in Chinese shipyards.

Weekly Reports

Commerce Minister Gao Hucheng said the EU's decision to launch an investigation into Chinese telecommunication equipment manufacturers would damage the interests of both China and the EU.

Despite China's slowing economic growth, the country has the potential to maintain annual growth of about 8 percent for the immediate future.

The total value of China's outbound mergers and acquisitions in 2012 reached a record-high $65.2 billion.

China's State-owned enterprises saw their total profit growth slow to 5.3 percent year on year to reach 689.13 billion yuan in the first four months.

Consumer confidence in the first quarter rebounded to the highest level since the third quarter of 2010, according to a Nielsen report.

An expert said Wednesday that rising stockpiles of iron ore at Chinese ports indicates dropping iron ore demand due to unfavorable economic conditions.

The head of New Zealand's farm industry body said Wednesday that farmers are hoping to get the trade relationship with China running smoothly again.

Chinese governments at the central and local levels have invested 2.16 billion yuan in buying original office software over the past three years.

Global prices for commodities, such as iron ore, need to come down a little bit so that China can continue its economic miracle.

China's capital and financial account surplus has also soared, to $101.8 billion in the first quarter of this year, up from only $20 billion in the fourth quarter of last year.

The yuan's daily reference rate set by the central bank rose to a historical high of 6.1911 per US dollar on Tuesday.

The abolition of 71 approval items and the delegation of a further 20 to lower level governments last week were substantial moves to facilitate private investment and inject vitality into the country's economic growth.

"Falsehood flies, and truth comes limping after it," said the great 18th century writer Jonathan Swift in his essay, The Art of Political Lying.

Green China

Newspaper

City Special