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Date:2012/01/04
China will face further power shortages this year and coal prices will likely rebound after government-mandated controls expire, according to company officials and analysts.
China Southern Power Grid Co, one of the two major State-owned power ...
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Date:2012/01/09
Vice Premier Li Keqiang on Friday called for further economic restructuring and innovation to stabilize growth and boost development amid a grim economic outlook at home and abroad.
China should stabilize economic growth and price levels while accel...
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Date:2012/01/04
Chinese Premier Wen Jiabao has called for confidence in surmounting economic difficulties and stabilizing growth as the country faces a "cooling market."
"We must face the challenges with full confidence and overcome difficulties to achieve the targ...
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Date:2012/01/04
New measures will be introduced to boost consumption, especially for vehicles and electrical appliances, as export demand weakens.
With tax rebate policies on vehicles and appliances having expired or due to expire, "new measures are in the pi...
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Date:2011/12/30
Chinese stocks closed higher on Friday with the benchmark Shanghai Composite Index rising 1.19 percent, or 25.86 points, to close at 2,199.42.
The Shenzhen Component Index increased 1.57 percent, or 137.5 points, to finish at 8,918.82.
Source: Xinh...
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Date:2012/01/04
Suifenhe, a city in Northeast China's Heilongjiang province that borders Russia, saw its bilateral trade with Russia reaching $2.75 billion in the first 11 months of 2011, up 11.7 percent from a year ago.
Trade with Russia accounts for 42.4 per...
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Date:2011/12/30
China's currency, the Renminbi, or the yuan, surged 148 basis points to hit a record high of 6.3009 against the U.S. dollar on Friday, the last trading day of 2011.
Friday's revaluation in the yuan's central parity rate sealed the Chi...
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Date:2011/12/28
According to the data released by CISA (China Iron and Steel Association), Chinese registered steelmakers contributed a daily crude steel output of 1.5142 million metric tons in middle December. Meanwhile, Chinese average daily crude steel ou...
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Date:2012/01/04
The Chinese currency Renminbi, or the yuan, rose 8 basis points to a record high of 6.3001 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowe...
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Date:2011/12/30
In November of current year, Chinese overall silicon steel imports totaled 70300 t, decreasing by 1.26% month over month and by 22.92% year over year. At the same time, the oriented silicon steel imports had amounted to 18895 t, down by 12.10...
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Date:2011/12/27
China National Petroleum Corp (CNPC) announced Tuesday that it has started large-scale exploration of the Lukqun Oil Field in Northwest China's Xinjiang Uygur autonomous region, which has the world's deepest heavy oil reserve.
The company ...
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Date:2012/01/04
According to the data released by NDRC, in November of 2011, Chinese overall crude steel output decreased by 8.8% month over month and by 0.6% year over year to 49.883 million t, signifying the domestic crude steel output has dropped for cons...
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Date:2011/12/29
Washington's decision not to name China as a currency manipulator is expected to reduce Sino-US trade frictions triggered by the exchange-rate issue, said analysts.
A two-directional value for the currency is likely to replace the previou...
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Date:2011/12/27
China's reliance on natural gas imports will continue, accounting for more than half of the country's total consumption, as demand surges for the fuel for both industrial and residential use.
China, which is widely estimated to realize mor...
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Date:2011/12/31
As China searches the world for resources needed to develop its economy, it may find that the most cost-effective way lies in its emerging recycling economy, said Yang Jingzeng, director of the Institute of Recycling Economy and Technology at China E...
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Date:2011/12/29
While many transnational companies tighten investment in developed economies in face of a lingering economic crisis to ease profit declines, Chinese firms see possibilities of making their investments mutually beneficial there.
China Three Gorges Co...
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Date:2011/12/27
Annual growth of China's industrial production is expected to slow further, to around 11 percent, in 2012, Minister of Industry and Information Technology Miao Wei said Monday.
The growth was lower than the 15.7-percent increase in the co...
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Date:2011/12/31
Costa Rica will take advantage of its Free Trade Agreement (FTA) with China to strengthen its commercial ties with other Asian countries in 2012, Costa Rican Trade Minister Anabel Gonzalez said here Thursday.
The trade ministry will make efforts to ...
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Date:2011/12/29
Hainan, the tropical Chinese resort island, will start the construction of a high-speed railway on its western coast next year, authorities said.
The new rails, dubbed the Western Ring Railway, is planned to link up with the Eastern Ring Railw...
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Date:2011/12/27
Service on the 102-km high-speed railway between Shenzhen and Guangzhou, in South China's Guangdong province, is scheduled to start on Monday.
The fast trains will be a new option for the many passengers between the two economically devel...