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Hu meets Wu on cross-Straits trade pact

2010-07-12 19:12:55

Hu Jintao, General Secretary of the Communist Party of China (CPC) Central Committee, said on Monday he hopes that the newly signed cross-Straits trade pact will take effect as soon as possible to bring out practical benefits for people of both sides. Taiwan may finish legal procedures for ECFA soon

New China Life premium income up 68% in H1

2010-07-12 18:17:37

New China Life Insurance Co (NCL), the country's fourth-largest life insurer, reported a 68 percent year-on-year increase of premium income in the first six months of this year, driven by the company's strong growth in the bancassurance business, NCL's vice president said on Monday.

Hainan encourages tourism firms to go public

2010-07-12 17:04:27

South China's Hainan province plans to invest 3.5 trillion yuan ($516.85 billion) in the next 11 years to build the southern tropical island into an international tourism island, sources from the Hainan Tourism Development Commission said, the Shanghai Securities News reported Monday.

Taiwan official says mainland sites too expensive

2010-07-12 16:35:12

Vice chairman of Taiwan's ruling Kuomintang (KMT) John Hsiao-yen Chiang said mainland tourist attractions charged too much money.

Funds outstanding for FX grow at a slower pace

2010-07-12 16:30:08

The growth in the funds outstanding for foreign exchange continued to slow down in June following a sharp fall in May, indicating that international speculative money is withdrawing from the country before they make a comeback, the China Business News reported Monday, citing data from the People's Bank of China (PBOC).

100m China-made condoms exported to S Africa

2010-07-12 16:10:59

More than 100 million China-made condoms were exported to South Africa before the World Cup kickoff, Beijing-based Legal Evening News reported.

Banks' bad loans may surge in '12, survey says

2010-07-12 16:10:44

Non-performing loans from infrastructure construction may surge around 2012 after a lending binge that started in 2009 and continued into the first half of this year, reported Beijing-based International Finance News, citing a latest market survey and central bank statistics.

Upgrading of broadcasting networks to speed up

2010-07-12 14:28:03

China's radio, film and television authority has said it will speed up building the high-speed Next-Generation Broadcasting (NGB) networks, to ensure an equal footing for competition as well as cooperation with the country's telecommunications networks.

Quake-hit town to go French

2010-07-12 14:19:53

A town badly hit by the May 12 Wenchuan earthquake two years ago will spend one billion yuan ($148 million) to build a French-style romantic town this year, newssc.org reported on Monday.

Best companies for customer service in China

2010-07-12 12:08:57

Lenovo Group, the world's No 4 PC maker, is among the top 10 winners of the fifth annual rankings for Best Customer Service in China.

Beijing community doctors likely to get raises

2010-07-12 12:04:37

Community doctors in the capital will likely to see a salary raise this year, according to the Beijing Municipal Health Bureau, Beijing News reported.

80% of investors earned nothing in H1

2010-07-12 11:55:29

About three-quarters of investors lost their money in the first half of this year, and of those, about 40 percent reported a loss of over 30 percent, according to the latest research released by the financial news website Hexun, Shanghai Securities News reported.