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60b yuan downturn in car sales challenges Beijing's consumption growth

2011-02-17 16:01:15

Growth of retail sales of consumer goods in Beijing may slow down in 2011 as car retail sales may decrease by 60 billion yuan due to the license plate lottery, caijing.com reported, citing a preliminary estimation by the Beijing municipal commission of commerce.

China net seller of long-term US agency bonds in Dec

2011-02-16 18:04:49

According to the latest statistics released by the US Treasury Department, China's net selling of its holdings of long-term US agency bonds (including Fannie Mae and Freddie Mac's bonds) totaled $1.93 billion in December.

Adequate supply secures a happy festival for HK, Macao

2011-02-16 17:41:34

The Hong Kong Special Administrative Region's spokesman said the Chinese mainland's supplies of meat, fruits and vegetables to Hong Kong during the two weeks prior to the Chinese Spring Festival were not affected by rain and snow, the People's Daily Overseas Edition reported.

Left-behind kids keep migrant workers in hometown

2011-02-16 16:38:21

As a labor shortage sweeps across China's coastal cities after the Lunar New Year holiday, many migrant workers say their children, who were left behind in their hometowns, is the major reason they decided not to go back to the cities, Guangzhou Daily reported on Tuesday.

7 found hiding in bus luggage hold

2011-02-16 15:26:17

Seven people were found hiding in the luggage compartment of a passenger bus on the Yongjin Expressway in Jinhua city, East China’s Zhejiang province

British official: Britain hopes for closer ties with China

2011-02-16 13:58:30

Britain hopes to achieve a "closest possible partnership" with China, as the European country wishes to work with emerging powers to jointly tackle global challenges.

Shanghai GM may get new chief

2011-02-16 13:42:19

With the approval of the Shanghai municipal government, Ding Lei, vice president of the Shanghai Automotive Industrial Corporation (SAIC) and chief general manager of Shanghai GM, will leave Shanghai GM and step in as board chairman of the Shanghai Zhangjiang Hi-tech Park Development Company, the 21st Century Business Herald reported Tuesday.

New rare earth policies to be announced soon

2011-02-16 13:34:22

New rare earth regulatory policies will be announced soon, the China Securities Journal reported Wednesday, citing sources familiar with the matter.

Snapshot in Focus: Evolution of Civic Spirit

2011-02-16 12:27:39

There seems indeed every reason to cheer for the snapshot campaign that rescued six abducted chldren and emboldened the public fever of participation so efficiently. But wait a minute.

Public security organs asked to launch microblog

2011-02-16 11:28:27

Guangxi Zhuang autonomous region has requested its public security organs above county level to launch official micro blogs, in an attempt to strengthen communication with the public, chinanews.com reported Wednesday.

The 2011 central govt budget focuses on livelihood

2011-02-16 09:05:23

A budgetary investment of 382.6 billion yuan ($52.89 billion) by the central government this year has been approved by the State Council, China's Cabinet. That was slightly down from last year's 392.6 billion yuan, but the investment is more focused on people's livelihood, Shanghai Securities News reported Tuesday.

2.8b kWh of wind power wasted

2011-02-15 16:45:08

A total of 2.78 billion kilowatt-hours of power generated by China's wind farms was wasted in the first half of 2010, the Beijing Times reported, citing a report issued Monday by the State Electricity Regulatory Commission.