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Chinese consumer confidence ranks 7th

2010-07-20 15:50:07

According to the Nielsen Global Consumer Confidence Index, during the second quarter of 2010, consumers in Asia continued to gain optimism, and China has ranked 7th among the optimistic areas in the world, West China Metropolis Daily reported Tuesday.

80% believe academic threshold exists

2010-07-20 15:25:11

According to an online survey conducted by China Youth Daily Social Survey Center, 80.1 percent of the 1,718 participating netizens believe that an academic threshold definitely exists in our modern society.

Realty investment planned for insurers in H2

2010-07-20 15:18:00

China plans to widen the investment scope for its insurers by opening the real estate market for insurance capital, as limited investment channels and surging premium income bring heavier investment pressure, Monday's Wall Street Journal reported.

26 laborers stranded in Russia with expired visas

2010-07-20 14:37:16

Twenty-six villagers from Huangpo district of Wuhan City, capital of Central China’s Hubei province, were stranded in Russia with expired visas after being cheated by a fellow villager, who promised to arrange work for them in Russia, Wuhan evening news reported on Tuesday.

Shanghai launches OTC market

2010-07-20 11:26:33

An over-the counter (OTC) equity bourse was inaugurated in Shanghai Monday, marking the first step in the city's effort to forge the nation's largest OTC market, Shanghai Securities News reported.

Most middle class Beijingers are mortgage slaves

2010-07-19 16:31:41

The number of middle class residents in Beijing has reached approximately 5.4 million, accounting for over 40 percent of the city's permanent residents, most of whom are “mortgage slaves,” according to a study, sina.com reported on Monday.

Central SOEs' profits surge 60% in H1

2010-07-19 16:19:01

China's centrally administered State-owned enterprises (SOEs) saw their total profits surge almost 60 percent year-on-year to nearly 543 billion yuan ($80 billion) in the first half of this year, the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council announced on its website Friday.

$8.85b allocated for indemnificatory housing

2010-07-19 15:14:52

China has allocated more than 60 billion yuan ($8.85 billion) to build 5.8 million indemnificatory apartments to curb the skyrocketing housing prices, said Jiang Weixin, minister of housing and urban-rural development, at the 2010 China Mayors Forum on Saturday, according to China Securities Journal.

Severe overcapacity in stainless steel industry

2010-07-19 14:37:53

China's stainless steel industry is facing severe overcapacity due to sluggish demand and lack of high-end product manufacturers, the China Business Daily reported Monday.

2nd generation astronauts continue training

2010-07-19 11:24:21

The second generation of Chinese astronauts, consisting of five men and two women, will not carry out manned space flight missions until they complete another three to four years of systematic training, Guangzhou Daily reported Monday.

China H2 foreign trade growth forecast to slow

2010-07-19 11:11:36

The State Information Center predicted in a report that the growth of China's imports and exports will slow down in the third and fourth quarter of this year, China Securities Journal said Monday.

China News by Numbers: Advanced carrier rocket in 2014

2010-07-16 17:24:20

Police in East China’s Anhui province broke up a gang of criminals with 61 arrests, July 16, 2010.