Economy

Canada trade links tightened

Xinjiang foreign trade rises 33% in 2011

Foreign trade of northwest China's Xinjiang Uygur autonomous region grew about 33 percent year-on-year in 2011, far above the national average on robust growth of border trade with its central Asian neighbors.
Govt aims at steady wage hike

The government aims to raise its minimum wage at least 13 percent each year from 2011 to 2015, according to a national employment promotion plan released on Wednesday.
Li renews campaign to ensure food safety

Stiffer financial penalties will be imposed on those found guilty of contaminating food, Vice-Premier Li Keqiang told a meeting on Wednesday.

Bank: No cats on 100-yuan note

China floats 28b yuan of book-entry T-bonds

The Ministry of Finance announced Wednesday to sell 28 billion yuan ($4.44 billion) worth of book-entry treasury bonds.
Hedging to raise futures volume this year

China's futures market will recover this year, after a plunge in trading volume last year dragged many brokers into the red, analysts said.
PBOC: Ensure credit for first-home buyers

Banks must provide loans to first-home buyers, the People's Bank of China (PBOC) said in a statement on Tuesday, the first clear call to support mortgage lending since starting a policy tightening cycle to calm the property market two years ago.

CUP extends online payment

Holders of China UnionPay (CUP) bank cards will be able to use their cards in online stores in Taiwan.

Qihoo products offline from Apple

Qihoo 360 Technology said that its products will be available for downloading again in Apple's online store.

KFC's 'handsome deliveryman'

Branches of KFC in China denied the so-called "handsome delivery boy service" widely discussed on the Internet.

Rate of rise in Web use falls

The Chinese mainland still lags behind Taiwan, South Korea, Japan and some other economies in Web use.

Moutai's status now a headache

Kweichow Moutai is a little miffed about its status as a luxury brand.

Rare vintages drop in value

Holiday gift market booming

China Banking

China to regulate wealth management sector

The China Banking Regulatory Commission released guidelines on the sales of wealth management products by commercial banks.

AutoChina

New standards for C-NCAP announced

The new China-New Car Assessment Program management rules have been unveiled, sources reported on Oct 12.

Iran suspended a gas contract with CNPC

Suntech sees China gaining from falling solar prices

China's consumer price index rose to a three-month high of 4.5 percent in January, the NBS released on its website on Thursday. PPI up 0.7%

China's economy to grow 8.5% in Q1

Squeezed by a deteriorating export environment and the government campaign to rein in the property market, China's economy is expected to expand by 8.5 percent in the first quarter of 2012.

Euro debt crisis creates chances

More cash-rich Chinese manufacturers will surge into debt-stricken European nations as the spreading financial crisis creates buying opportunities, said officials from the Ministry of Commerce.

Postal service revenue jumps 22%

Business volume for China's postal services maintained strong growth in 2011, according to the State Post Bureau, conjuring up promising prospects for the country's logistics companies.

Industries

Postal service revenue jumps 22% in 2011

Thousands apply for accounting firm jobs

Ten of thousands of Chinese college graduates applied for some 1600 vacancies at the accounting firm Ernst& Young last fall, according to a Feb 8 report.
China denies rare earth deal with Japan

An association in China's major rare earth reserve region on Wednesday denied Japanese media reports claiming that it has agreed to cooperate on mineral business with its Okinawa counterpart.
Zhejiang property sales fall 21% in 2011

Commercial property sales in China's booming Zhejiang province fell sharply in 2011 following tough government curbs.

ZTE sees little effect from ruling

Pizza Hut seeks bigger piece of pie

Pizza Hut, a restaurant chain owned by Yum! Brands Inc, announced it will open at least 150 restaurants in China this year as its parent company moves forward with plans to expand overseas.
Sinochem agrees on $1b oil deal

Sinochem Group, China's fourth-biggest oil producer, has agreed to buy assets in Colombia from the French oil company Total SA for about $1 billion.
Maserati to recall 222 autos in mainland

Italian luxury car-maker Maserati will recall 222 vehicles imported to the Chinese mainland due to defective rear lamps, China's quality watchdog said Wednesday.

Festival puts inequality in focus

While Westerners are astonished by rich Chinese consumers' appetite for luxury goods, people in rural China on average earn less than 7,000 yuan ($1,100) a year.
Ups and downs of renminbi

Short-term capital flows make exchange rate more volatile, posing new challenges for decision-makers in China and the United States.
Reciprocal cooperation

Canadian Prime Minister Stephen Harper arrived in Beijing late on Tuesday for a five-day visit to China. He has come at an important moment when both sides feel an increasing need to bring bilateral ties to a new level.

China limits foreigners' housing mortgage

The National Development and Reform Commission (NDRC), China's top economic planner, just released a notice, limiting mortgages for foreigners purchasing properties in China, the Shanghai Securities Journal reported Thursday.
Beijing to release PM 2.5 data

Just before Spring Festival this year, the capital city will start releasing data about the amount of tiny particulate matter that is detected in the air.
Oil windfall tax threshold raised to $55

The levy will be set at a progressive rate between 20 and 40 percent on the excess of the average realized oil price from a base of $55 per barrel.

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Canada trade links tightened

Foreign trade of northwest China's Xinjiang Uygur autonomous region grew about 33 percent year-on-year in 2011, far above the national average on robust growth of border trade with its central Asian neighbors.

The government aims to raise its minimum wage at least 13 percent each year from 2011 to 2015, according to a national employment promotion plan released on Wednesday.

Stiffer financial penalties will be imposed on those found guilty of contaminating food, Vice-Premier Li Keqiang told a meeting on Wednesday.

Bank: No cats on 100-yuan note

The Ministry of Finance announced Wednesday to sell 28 billion yuan ($4.44 billion) worth of book-entry treasury bonds.

China's futures market will recover this year, after a plunge in trading volume last year dragged many brokers into the red, analysts said.

Banks must provide loans to first-home buyers, the People's Bank of China (PBOC) said in a statement on Tuesday, the first clear call to support mortgage lending since starting a policy tightening cycle to calm the property market two years ago.

Weekly Reports

China's consumer price index rose to a three-month high of 4.5 percent in January, the NBS released on its website on Thursday. PPI up 0.7%

Postal service revenue jumps 22% in 2011

Ten of thousands of Chinese college graduates applied for some 1600 vacancies at the accounting firm Ernst& Young last fall, according to a Feb 8 report.

An association in China's major rare earth reserve region on Wednesday denied Japanese media reports claiming that it has agreed to cooperate on mineral business with its Okinawa counterpart.

Commercial property sales in China's booming Zhejiang province fell sharply in 2011 following tough government curbs.

ZTE sees little effect from ruling

Pizza Hut, a restaurant chain owned by Yum! Brands Inc, announced it will open at least 150 restaurants in China this year as its parent company moves forward with plans to expand overseas.

Sinochem Group, China's fourth-biggest oil producer, has agreed to buy assets in Colombia from the French oil company Total SA for about $1 billion.

Italian luxury car-maker Maserati will recall 222 vehicles imported to the Chinese mainland due to defective rear lamps, China's quality watchdog said Wednesday.

While Westerners are astonished by rich Chinese consumers' appetite for luxury goods, people in rural China on average earn less than 7,000 yuan ($1,100) a year.

Short-term capital flows make exchange rate more volatile, posing new challenges for decision-makers in China and the United States.

Canadian Prime Minister Stephen Harper arrived in Beijing late on Tuesday for a five-day visit to China. He has come at an important moment when both sides feel an increasing need to bring bilateral ties to a new level.

The National Development and Reform Commission (NDRC), China's top economic planner, just released a notice, limiting mortgages for foreigners purchasing properties in China, the Shanghai Securities Journal reported Thursday.

Just before Spring Festival this year, the capital city will start releasing data about the amount of tiny particulate matter that is detected in the air.

The levy will be set at a progressive rate between 20 and 40 percent on the excess of the average realized oil price from a base of $55 per barrel.

Green China

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