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Chinas yuan hits record high of 6.4470 against USD Tuesday
The Chinese currency Renminbi, or the yuan, gained 33 basis points to 6.4470 per U.S. dollar on Tuesday, the highest since China started the exchange rate reform six years ago, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day. The central parity ...
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Chinas H1 logistical expenses up 18.5 year-on-year
China's expenditures on logistical services totaled 3.7 trillion yuan (around 570 billion U.S. dollars) in the first half of 2011, an increase of 18.5 percent year-on-year, statistics showed. The spending accounted for 18 percent of the country's gross domestic product (GDP), the China Federation of Logistics and Purchasing and the China Logistics Information Center said in a report ...
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Chinas industrial profits up 28.7 pct in H1
Profits for China's industrial businesses rose 28.7 percent year-on-year to 2.41 trillion yuan (374 billion U.S. dollars) in the first half of this year, the National Bureau of Statistics (NBS) announced Wednesday. The NBS figures showed that combined revenues for the country's industrial firms rose by 29.7 percent from a year earlier to reach 38.86 trillion yuan from January to June. ...
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Chinas Lunar Exploration Program
China had collected all the data needed to draw its first full map of the moon surface and was almost done with the mapping work, Sun Jiadong, the chief designer of the country's Chang'e -1 lunar probe has ...
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Sound operation of joint patrols along Mekong Chinese official
BEIJING, March 10 (Xinhua) -- Shipping along the Mekong River is running smoothly as the four-nation joint patrols are operating in a normal way after a deadly attack in October, a senior Chinese official from the southwestern Yunnan province said Saturday.China, Laos, Myanmar and Thailand have conducted two joint patrols along the river in a normal way under the joint patrol mechanism, ...
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Chinese Premier orders swift open transparent investigation of train crash
Photo taken on July 24, 2011 shows the accident scene where rescuers clear the wreckage in Wenzhou, east China's Zhejiang Province, after a train collision and derailment Saturday night. (Xinhua File Photo/Chen Bin)Premier Wen Jiabao on Wednesday ordered a "swift, open and transparent" investigation into Saturday's fatal high-speed train collision. Wen made the remarks at an ...
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China stocks plunge on US debt train crash
Chinese stocks tumbled Monday as investors sold off holdings increasingly worried about a possible default of government debt by the United States which is to bring the global economy back to a serious slowdown. Also, railway shares plunged after the weekend deadly high-speed train wrecking accident in East China's Zhejiang Province which has killed at least 36 people and injured more than ...
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China calls for stronger coordination between peacekeeping peacemaking peacebuilding
In order to address new challenges, coordination between UN peacekeeping operation, peacemaking and peacebuilding efforts needs to be strengthened, Wang Min, deputy permanent representative of the Chinese Mission to the United Nations said here on Wednesday.Wang made the remarks when he addressed a UN Security Council's open meeting on UN peacekeeping operations.He pointed out that as ...
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Chinese leaders join panel discussions Hu stressing stability in Tibet
Chinese President Hu Jintao (L, front), who is also General Secretary of the Central Committee of the Communist Party of China (CPC) and Chairman of the Central Military Commission, visits deputies to the Fifth Session of the 11th National People's Congress (NPC) from southwest China's Tibet Autonomous Region and joins their panel discussion in Beijing, capital of China, March 9, 2012. ...
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China announces enforcement regulations for amended personal income tax law
The State Council, or China's cabinet, on Wednesday announced new regulations designed to facilitate the enforcement of the country's new individual income tax law, which features an increased monthly tax exemption threshold.Premier Wen Jiabao signed a State Council order to approve the creation of the regulations, which are set to take effect on Sept. 1, 2011.The National ...
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Vice premier urges all-out rescue efforts after deadly train collision in China
Chinese Vice Premier Zhang Dejiang (C) presides over an meeting on relief work and investigation of the high-speed train crash in Wenzhou, east China's Zhejiang Province, July 24, 2011. Zhang is leading a work team in Wenzhou to assist in relief work and conduct an investigation into the accident. (Xinhua/Wang Ye)Chinese Vice Premier Zhang Dejiang on Sunday urged local authorities to ...
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China refutes claims RMB undervalued
As of July 21 of 2011, the RMB exchange rate reform had been implemented for 10 years. On that day, the average exchange rate of the RMB against the U.S. dollar was 6.4536, which was a new record since China exchange rate reform started. Since 2005, the RMB has appreciated by almost 22 percent against the U.S. dollar. However, such a great RMB appreciation still has not satisfied the United ...
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China seeks win-win development with Asia
BEIJING, March 10 (Xinhua) -- Residents in Hekou in southwest China can still recall its former days as a quiet, anonymous town that attracted few visitors from neighboring Vietnam for business or sightseeing.But major changes have hit the town in Yunnan province. With two roads and one rail line linking it with Vietnam, Hekou has become a bustling hub for Vietnamese visitors buying bargain ...
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Central bank governor China always confident in euro
China welcomed European Union's agreement on the 109 billion euro bailout plan for Greece and has been confident of the stability of the euro zone and other member countries in the past, present or future, said Zhou Xiaochuan, governor of People's Bank of China on July 23 during an interview with Financial Times. Bailout plan helps bring financial stability After eight hours of ...
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What China-Switzerland FTA brings about
China and Switzerland on Friday concluded their talks over a bilateral free trade agreement (FTA), which will be the first between Beijing and continental Europe.The achievement was hailed as a "milestone" by political leaders and business community, while Swiss media described it as one of the most important international deals in 40 years for Switzerland.Chinese Premier Li Keqiang, ...
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Air China to buy 100 Airbus planes
Air China, the country's leading carrier, and its subsidiary Shenzhen Airlines have signed deals to buy a total of 100 Airbus 320-series planes for 8.85 billion U.S. dollars, Air China announced ...
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Taiwan slashes 2013 GDP growth forecast
Taiwan on Friday slashed its 2013 GDP growth forecast to 2.4 percent from 3.59 percent as the faltering global economic recovery weighs on the island's ...
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China agrees to give US regulators access to audit records
China has agreed to give US regulators access to audit records for Chinese companies whose shares trade on US stock exchanges, a step forward in a long-running dispute.The Public Company Accounting Oversight Board, a watchdog agency for the accounting industry, announced the agreement with China on Friday.The Securities and Exchange Commission has accused about a dozen Chinese companies of ...
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Chinese TV series become quite popular in African countries
"When we walk on the street and see a poster for the TV series, we can recall the names of the characters, such as Mao Doudou, the daughter-in-law. The series is really popular," the 29-year-old Tanzanian TV presenter said. He never imagined that a year later he would be dubbing for a Chinese TV series, Jin's Happy Life, portraying the father of newly married Xiao Mi. He has to ...
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Mercury Taints Venerable Chinese Pharmacy’s Remedies
Chinese residents walk out of the Tongrentang drugstore, the famous Chinese traditional medicine drugstore, in an alleyway of the Qianmen area on March 16, 2008 in Beijing, China. (Feng Li/Getty ...
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Do What is Right Without Hesitation
Looking through a window of a watchtower on the Great Wall of China. As soon as soldiers of great courage receive urgent news of an enemy attack, they immediately rush to defend their country, determined to fulfill their duty without hesitation. (Mirko ...
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EU firms lament job losses from possible punitive duties on Chinese solar products
A coalition of over 580 European solar companies on Friday protested in a dramatic way against looming anti-dumping duties against Chinese-made solar ...
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Report China urges N. Korea to enter nuclear talks
North Korea launched several short-range guided missiles into the sea off the Korean Peninsula's east coast May 18, South Korea's semi-official news agency Yonhap cited the South Korean Defense Ministry as ...
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Chinese Premier Li signals new pro-market reforms before European tour
Newly installed Chinese Premier Li Keqiang, in his foreign visit, signalled that his government will implement a new wave of pro-market restructuring. This is aimed at reducing the still substantial state-owned sector and enforcing productivity increases that will inevitably further impoverish the Chinese working class. In an article published Thursday ...
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2013 China Dragon Boat Tournament to kick off on June 8th in Chengmai
The 2013 China Dragon Boat Tournament is to be held at the Dragon Boat square in Jinjiang Town of Chengmai County from June 8th to 11th. With a total prize pool of RMB460, 000, the tournament in Chengmai includes the 23-person team 200m, 500m, and 5,000m races. According to the introduction, a total of 12 teams from Beijing, Shanghai, Zhejiang, Guangdong, Fujian, Hong Kong, Taiwan and ...
Shanghai Focus
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Shanghai looking ahead to future
Shanghai is the commercial capital of China and the most populous city in the People’s Republic, with origins as a small fishing village, the city has grown into a global city with fingers that stretch across the world, exerting global influence over international cultural, commercial and political scenes. With major projects and programs underway, the future looks bright for Shanghai.
It was recently reported by international, Chinese and Shanghai news media that China had eclipsed Japan as the second-largest economy in the world. China’s GDP and economic activity has surpassed that of Japan for many decades, but the announcement was made on the back of a range of factors including imports and exports and the human development index within major cities such as Shanghai. Read more
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