Milk hoarding scandal hits Hong Kong stores

2011-03-05 11:27:30

Allegations that staff at a Wellcome store in Hong Kong stockpiled tinned baby milk formula for resale on the mainland will be investigated by The Independent Commission Against Corruption (ICAC).

Campaign to boost quality of exports

2011-03-05 09:07:32

China will launch a one-year campaign of concrete measures to improve the quality of its exports, a senior trade official said on Friday.

China projects $136b fiscal deficit in 2011

2011-03-05 11:04:05

China projects 900 billion yuan ($136.4 billion) in fiscal deficit, or 2 percent of GDP, in 2011, Premier Wen Jiabao said while delivering a government work report at the parliament's annual session Saturday.

China to expand RMB use in cross-border trade and investment

2011-03-05 10:41:55

China will continue to increase the use of its currency renminbi in cross-border trade and investment this year, says a government work report to be delivered by Premier Wen Jiabao at the annual session of the national legislature on Saturday.

China to implement prudent monetary policy in 2011

2011-03-05 08:54:43

China will implement a prudent monetary policy in 2011 and plan a 16-percent increase in the broad money supply (M2), says a government work report to be delivered by Premier Wen Jiabao at the parliament' s annual session Saturday.

China expects 51.5% urbanization rate by 2015

2011-03-05 10:11:04

China expects its urbanization rate to rise from 47.5 percent in 2010 to 51.5 percent by the end of 2015, with an average annual increase of four percent, according to a government plan.

Key targets of China's 12th Five-Year Plan

2011-03-05 10:08:03

The draft of China's 12th Five-Year Plan (2011-2015) was submitted Saturday to the National People's Congress (NPC), the top legislature for reviewing.

China to curb rise of housing prices

2011-03-05 09:02:24

The Chinese government will firmly curb the excessively rapid rise of housing prices in some cities this year, says a government work report.

Target set for new strategic industries

2011-03-05 09:32:11

China aims to develop some new strategic industries in the coming five years to make the sector's value-added output account for eight percent of the country's GDP by 2015, according to a draft of the government's 12th Five-Year Plan.

Alibaba heads West as it searches for new customers

2011-03-05 09:30:21

Alibaba.com Ltd, the Chinese e-commerce company shaken by revelations of fraud, is heading West as it rebuilds trust, courting entrepreneurs in the United States and investing in online companies.

Capital for CIC in the pipeline

2011-03-05 09:15:11

The Chinese government will inject more capital into China Investment Corp (CIC), the country's $300 billion sovereign wealth fund, to ease pressures resulting from the nation's high foreign exchange reserves.

Xunlei Network plans IPO

2011-03-04 10:33:41

Shenzhen Xunlei Network Technology Ltd, the Chinese video and music file-sharing company partly owned by Google Inc, is planning to raise about $200 million in an initial public offering in the United States this year, according to two people with knowledge of the situation.