Welcome to the China Daily News page. We hope you will find this page informational and a good resource for keeping abreast of life as we know it to be in the People's Republic of China. Here you will find the latest news on weather, politics, community and current events occurring in the rapidly changing country.
Please note that the following news reports are the research and opinion of the People's Daily Online news and not necessarily the thoughts and opinions of Great Wall China Adoption.
About 100,000 migratory birds that are wintering at China's second-largest freshwater lake, Dongting, face famine as the water keeps rising instead of dropping as it usually does during the winter. The water level was about 28 meters on Thursday, up 6 meters so far this month, and many wetlands that provide food for birds have been flooded, said Gao Dali, an official of the Eastern Dongting Lake Nature Reserve Administration. A worker at the Chenglingji hydrological station at th ... - [read more]
Strong gales and stormy waves trapped 64 fishermen aboard 20 ships off the coast near northeast China's port city of Dalian on Thursday morning. The fishing boats were stranded in the sea area some 300 meters away from the Dawangjia island in the Yellow Sea, of Dalian in northeastern Liaoning province, according to the air salvation squadron under the Ministry of Transport quartered at Dalian. "We received report from the fishermen at around 11:30 a.m., saying the situation is ve ... - [read more]
&$&$Highlights&$&$ ?China and Peru concluded their talks on a free trade agreement (FTA) Wednesday. ?Hu said the move symbolized bilateral ties are entering a new era of rapid development. ?Hu urged the two sides to sign and implement the pact at an early date. China and Peru concluded their talks on a free trade agreement (FTA) and upgraded bilateral ties to a strategic partnership here on Wednesday. Chinese President Hu Jintao and Peruvian President Alan Garcia anno ... - [read more]
How much does the widespread and intensified international financial crisis actually influence on China's economy? Answers to that question were given in a survey report entitled 'Entrepreneurs' Judgments, Assessments and Suggestions on the Macroeconomic Situation and Hot Spots of Reform,' released by the China Entrepreneurs Survey System on November 15. When asked about the 'unfavorable influence of the U.S. sub-prime mortgage crisis on China's economy,' the survey shows that 57.4% of the en ... - [read more]
ChinaHR.com recently issued the Human Resources Market Index for November. The Index ranking shows that sales managers out of all positions are the most sought after by enterprises, particularly high-end sales managers. The ranking also shows that demand for business development managers has increased the most. This indicates that enterprises eagerly need talented people who possess rich client resources and can effectively discover new clients, at a time when businesses face shrinking custom ... - [read more]
"The settlement of Disneyland theme park in Shanghai is beyond doubt," revealed recently by an expert who has participated in the investigation and feasibility study on the Disneyland Shanghai project for several years. A comprehensive entertainment brand comprised of several industries such as service and manufacturing will become one of the new forces to boost Shanghai's economy. It is learnt that the negotiations between associated Shanghai departments and the Walt Disney Company on t ... - [read more]
Wang Haiping, deputy director of the Beijing Municipal Commission of Development and Reform, said on November 19 that the municipal government will not take measures such as controlling the total number of vehicles, restricting residents' purchases of automobiles and restricting issuing license plates to ease Beijing's traffic problems. Wang said Beijing will put major efforts to develop rail transit public transport to reduce traffic jams. Beijing plans to invest a total of 90 billion yua ... - [read more]
The 10th China International Travel Mart, which is Asia's largest international tourism fair, is being held from November 20 to 24 at the Shanghai New International Expo Center. The Chinese domestic tourism market is one of the most active in the world with a huge potential for growth, Zhu Shanzhong, director general of the Marketing and Communications Department said at the China National Tourism Administration (CNTA). In 2007, the three major markets of domestic travel, inbound travel and o ... - [read more]
The 10th Cross-Straits Flower Exhibition and the 2008 Taiwan Farm Produce Exhibition opened in Zhangzhou, Fujian province, on November 18. Over 1,000 kinds of flowers were displayed at the Flower Exhibition, with over 560 domestic and international companies attending the fair. This expo is composed of four exhibition halls, displaying agricultural products and processed goods of flowers, fruits and aquatic products, as well as farm produce materials and agricultural machines. The Taiwan Farm ... - [read more]
Ukraine attaches great importance to developing relations with China, regarding it as one of its foreign relations priorities, Prime Minister Yulia Tymoshenko said Wednesday. "China has maintained rapid economic growth in recent years and made great achievements in various fields. China's international status and influence has risen. Ukraine is willing to further strengthen bilateral exchanges and cooperation with China," Tymoshenko said during a meeting with Zhou Li, the Chinese ambassa ... - [read more]
Satisfied with the successful conclusion of their free trade agreement (FTA) talks, China and Peru have vowed to work together to sign the deal at an early date, said a joint press communique issued on Wednesday. In the communique, the two sides reiterated actions to increase investments to each other, encouraging mutual visits of their entrepreneurs and coordinating the investment promotion activities of each other's investment promotion organizations. The two sides also reitera ... - [read more]
A Shanghai Airlines Boeing 737 with 149 passengers aboard was forced to make an emergency landing in south China's Hainan island on Wednesday while on a scheduled flight from Shanghai to Phnom Penh, Cambodia. The airline said a "mechanical failure" occurred at around 11:22 p.m. on flight FM 833 and the aircraft was forced to land at Meilan International Airport, Haikou. An airline spokesman said an alarm light in the cockpit had alerted the crew to a problem with a fuel pump. ... - [read more]
Chinese equities outperformed regional markets in Thursday's morning trade, buoyed by rises in telecom and textile shares. The benchmark Shanghai index lost 1.2 percent to finish at 1,993.2 points, and the smaller Shenzhen index advanced 0.53 percent to 6,715.48, compared to losses of more than five percent in Hong Kong and Japan after an overnight plummet on Wall Street. Textile companies mostly rose after the country's cabinet said late Wednesday it would further increase tax r ... - [read more]
China and Peru released a joint press communique Wednesday in the Peruvian capital of Lima, agreeing to establish a "strategic partnership" and sign free trade agreement (FTA) at an early date. The communique was issued as Chinese President Hu Jintao is in Lima for a state visit to Peru and for the Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum slated for Nov. 22-23. The communique said the two sides, within the framework of the strategic partners ... - [read more]
China's Human Resources and Social Security Minister Yin Weimin described Thursday the country's employment situation as "grim", noting that adverse effect of the global crisis on employment may further unfold. The worsening global economic situation had weighed upon the country's employment since October, with unemployment occurred at some enterprises, especially labor-intensive small and medium-sized ones, when they were shut down or halted operation, Yin told a press conference here. ... - [read more]
A delegation of the Xinjiang Uygur Regional Committee of the Chinese People's Political Consultative Conference (CPPCC) wrapped up its visit to Kazakhstan on Wednesday. The delegation led by Ashat Kerimbay, chairman of the committee, visited the customs post at Horgos on the border of Xinjiang and Kazakhstan and held talks with officials from Kazakhstan's industry, trade and transportation departments during the visit that started Friday. It reached agreements with the Kazakh sid ... - [read more]
Ma Zhenchuan, director of the Beijing Municipal Public Security Bureau, met here Wednesday with Moscow police chief Vladimir Pronin, seeking to enhance communication and cooperation among the police of the two capitals. The police of Beijing and Moscow have carried out friendly and pragmatic cooperation since they signed a communication protocol in 1998. The two sides have kept frequent exchanges in police affairs and learnt from each other in security management for major events ... - [read more]
Venezuela's Vice President Ramon Carrizales met with a senior official of China's People's Liberation Army (PLA) Caracas on Wednesday. Carrizales welcomed the visit of Xu Caihou, vice chairmen of China's Central Military Commission, and said the relations between Venezuela and China have developed smoothly in recent years. Both sides have carried out effective cooperation in crude oil exploitation, telecommunications, infrastructure construction and other fields. As for t ... - [read more]
?China and Peru have vowed to work together to sign the deal at an early date. ?The two sides reiterated actions to increase investments to each other. ?The two sides agreed to maintain coordination and cooperation in various fields. Satisfied with the successful conclusion of their free trade agreement (FTA) talks, China and Peru have vowed to work together to sign the deal at an early date, said a joint press communique issued on Wednesday. In the communique, the two sides ... - [read more]
China and Peru have decided to establish a "strategic partnership" as their increasingly enhanced relationship is at its optimal time, said a China-Peru joint press communique issued here on Wednesday. The communique was issued as Chinese President Hu Jintao is in Lima for a state visit to Peru and for the Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum slated for Nov. 22-23. The communique said the two sides, within the framework of the strategic ... - [read more]
SHANGHAI: The major mainland index picked up after Tuesday's sharp fall to surge more than 6 percent yesterday, mainly boosted by heavyweight stocks in the energy and financial sectors. The benchmark Shanghai Composite Index soared 6.05 percent, or 115.04 points, to finish at 2017.47, with 884 out of 961 stocks closing higher. The smaller Shenzhen Component Index was 6.14 percent higher at 6679.94 points. The combined turnover on the two bourses amounted to 120.35 billion yuan, down 16.7 p ... - [read more]
China should encourage the development of electric cars to offset its dependence on imported oil and reduce greenhouse emissions, automakers said. "We are discussing with the Chinese government about our electric car plan as environmental issues are becoming a critical issue in China," Yasuaki Hashimoto, president of Nissan Motor (China) Ltd said at the Guangzhou auto show. The company exhibited its Mixim concept electric car at the show which opened yesterday. "China should be one of t ... - [read more]
China's second largest insurer Ping An may sue Belgian-Dutch financial group Fortis for selling most of its assets without the approval of shareholders, a Dutch-based newspaper reported. As the largest shareholder of Fortis, Ping An has a 4.99 percent stake in the company. Ping An would not rule out the possibility of taking legal action if Fortis continues to refuse discussing the disposal of assets at a shareholder meeting to be held on December 1, according to Dutch-based newspaper Het Fin ... - [read more]
Chinese government on Wednesday launched a major campaign to reform its dairy industry in an attempt to restore consumer confidence. The State Council wants to upgrade the entire industry from cow breeding to final sales. The tainted milk powder scandal was a major food security incident. It not only damaged the health of babies and children, but also hurt China's national image, said an official with the National Development and Reform Commission (NDRC). "The crisis has ... - [read more]
The number of inbound tourists to China dropped in the first nine months, in which the world financial crisis may play a role, said an official of China's tourism authority on Wednesday. "We took note the crisis has affected China's inbound tourism market," Zhu Shanzhong, head of the tourism promotion department of the National Tourism Administration, told a press conference in Shanghai. "Relevant departments are studying the specific effects and will produce solutions." ... - [read more]
Tax rebates for China's light industry should be increased to alleviate cost burdens on exporters, the cabinet said on Wednesday. China also plans to remove unreasonable administrative fees and charges on industry players, and offer more, said a statement released after the executive meeting of the State Council presided over by Premier Wen Jiabao. Through the foreign trade development fund, set up by the central government, active assistance will be made to boost exports and hel ... - [read more]
Chinese and foreign experts on Thursday announced the discovery of an unexpected surplus of high-energy, cosmic ray electrons, which could change the current understanding of the universe. Dr. Chang Jin, an astrophysicist at the Purple Mountain Observatory in China's eastern Jiangsu Province, along with his foreign counterparts, made the discovery using the Advanced Thin Ionization Calorimeter (ATIC). That's an instrument sent on helium balloons to measure the composition and ene ... - [read more]
Nearly 400 petitioners gathered at the Beijing municipal government's office of letters and visits Wednesday to voice complaint on their financial losses to to an illegal fund-raising scheme. The police department told Xinhua that petitioners with other requests also gathered at the office Wednesday morning. They all left voluntarily one after another after persuasions by the office staff by noon. The protest was peaceful with no clashes, a police officer told Xinhua. &$& ... - [read more]
Victims' families have claimed the bodies of the deceased in a bus accident in Tibet. The driver, injured, is out on bail for treatment, a local government official said on Wednesday. The bus, with 46 passengers and a driver onboard, ran off the road and plunged into a valley, about 90 meters deep on Friday. It was on its way from Pachen County to Nagqu Town, capital of Nagqu Prefecture. It left 18 people, including a baby, dead and 29 others injured. Two of the injured were rele ... - [read more]
Frozen mud hampered search efforts for the bodies of 13 trapped workers in a collapsed subway tunnel in the eastern Zhejiang Province. A 75-m section of a subway tunnel under construction in the provincial capital Hangzhou collapsed Saturday afternoon. So far, eight people were confirmed dead and 11 injured workers were receiving treatment at a hospital. Another 13 people are still trapped. Rescuers say there is no chance of finding anyone alive. "Workers are digging thro ... - [read more]
China has grown and preserved a total of 24.46 million hectares of forest since 1978. That's when the country initiated its largest green project. Since then, the forest coverage rate in affected regions more than doubled to 10.51 percent, according to statistics released by the State Forestry Administration (SFA) in Beijing on Wednesday. The national forest conservation project, covering 42.4 percent of the country's total area from the northwest to the northeast, is scheduled t ... - [read more]
A Hong Kong man, found guilty of running a number of gambling Websites, was sentenced to eight years and fined 20 million yuan (2.9 million U.S. dollars) in southwest China's Yunnan Province. The case, believed to be the country's biggest online gambling case, involved about 8.68 billion yuan in wagered money and more than 278 million yuan in illegal profits, a source of the Yunnan High People's Court said on Wednesday. Tam Chi-wai, a Hong Kong resident, set up a gambling house i ... - [read more]
Taxi drivers resumed work Wednesday afternoon in the Yongchuan suburb of southwest China's Chongqing Municipality after briefly protesting a government plan to increase the number of taxis for fear of competition. Yongchuan authorities set up a meeting for Thursday morning with the nine taxi companies in the district. Drivers went on strike to demonstrate opposition to a proposal by the local government to raise the number of cabs from 330 to 430, saying it would cut in to their ... - [read more]
Visiting Chinese President Hu Jintao met his Peruvian counterpart Alan Garcia Wednesday in Lima for talks on how to deepen comprehensive cooperative partnership between China and the Latin American nation. The meeting took place soon after the Chinese leader's arrival in the Peruvian capital from Havana. In a written statement issued upon his arrival here, the Chinese president said he will exchange views with Garcia and other Peruvian leaders on ways to deepen bilateral ties. ... - [read more]
Chinese President Hu Jintao's visit to Peru will open a new chapter in the long-standing friendly relations between the two countries, the Chinese ambassador to Peru said. Since the establishment of their diplomatic ties 37 years ago, bilateral cooperation in such fields as politics, economy and trade and culture has gone through an all-around development, Ambassador Gao Zhengyue told Xinhua in a recent interview. The two developing countries, both boasting ancient civilizations, ... - [read more]
Food production in developing economies in the Asia-Pacific region would be the most affected by climate change, said a report released on Wednesday by the Pacific Economic Cooperation Council (PECC). Southeast Asia, parts of China and a number of the Pacific islands are particularly vulnerable to rising sea levels because significant agricultural production and food system infrastructure are located in low-lying coastal areas, said the report, which was released during the APEC Leaders' ... - [read more]
The Republic of Peru, with an area of 1.29 million square kilometers and Lima as its capital, is located in western South America and is bordered by Ecuador and Colombia to the north, Brazil and Bolivia to the east and Chile to the south. The population of Peru, estimated at 28.22 million, is multiethnic, including Amerindians, Indian-Europeans, Europeans and others. The country's official language is Spanish. Peru has rich mineral resources, with bismuth and vanadium deposits ra ... - [read more]
The current global financial crisis will be the most serious risk facing the Asia-Pacific region in the next 12 months, the Pacific Economic Cooperation Council (PECC) said Wednesday. The financial turmoil, triggered by the subprime crisis in the United Stated, would affect the economic growth in the region, Yuen Pau Woo, co-author of the State of the Region report, told a news conference in Lima, the Peruvian capital, while releasing the report. APEC leaders should ensure abando ... - [read more]
Chinese President Hu Jintao's upcoming visit to Peru and participation in the APEC economic leaders' meeting will boost bilateral ties between Peru and China, Peruvian First Vice President Luis Giampietri said Wednesday. Peru and China have kept a traditional friendly relationship, and Hu's visit will be a good opportunity to boost bilateral relations, Giampietri told Xinhua. China is a market with great potential as it has a large population and enjoys rapid economic growth, he ... - [read more]
The Asia-Pacific region has become more integrated since the establishment of the Asia-Pacific Economic Cooperation (APEC) forum, according to statistics released by the Pacific Economic Cooperation Council (PECC) on Wednesday. "I think we can take some satisfactions" that the region has been more integrated since the establishment of APEC in 1989, Yuen Pau Woo, co-author of the State of the Region Report on Asia-Pacific, told a press conference in Lima, the Peruvian capital. It ... - [read more]
Peruvian newspapers Wednesday hailed the upcoming official visit by Chinese President Hu Jintao, who was due to arrive in Lima later in the day as the first Chinese president to visit the Latin American country. National daily La Republica ran a front-page picture of a smiling Hu waving to a crowd, with two huge red Chinese characters "Huan Ying" (welcome) on the top of page. The paper said the Peruvian government, headed by President Alan Garcia, was looking forward to Hu's visi ... - [read more]
A senior official of the Communist Party of China on Wednesday urged relevant departments to clear up long-delayed court verdicts to maintain social stability in face of the global financial crisis. "To execute the verdicts is in urgent demand for tackling the global financial crisis and to boost economic development," said Zhou Yongkang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee at a tele-conference. It will also help ease social con ... - [read more]
Chinese President Hu Jintao concluded his state visit to Cuba Wednesday and left for Lima, Peru to continue his five-nation trip, in which he will attend the Economic Leaders' Meeting of the Asia-Pacific Cooperation Organization (APEC) scheduled for Nov. 22-23. This was President Hu's second state visit to the Latin American country since his first in November 2004. In Havana, Hu held talks with Raul Castro, president of the Council of the State of Cuba, on expanding friendly and ... - [read more]
Chinese President Hu Jintao and Palestinian National Authority President Mahmoud Abbas exchanged congratulatory messages Wednesday to mark the 20th anniversary of the establishment of diplomatic relations. In his message, Hu said the two sides have cooperated with each other in a trustful and supportive way since the establishment of diplomatic ties 20 years ago. China, which attaches great importance to relations with Palestine, is willing to further bilateral cooperation at all ... - [read more]
The 20th Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting started in the Peruvian capital on Wednesday, to make final preparations for the APEC Leaders' Meeting on the weekend. The two-day ministerial meeting, held at the National Museum in Lima, will discuss global economic issues, APEC's support for the WTO Doha Round negotiations and the APEC regional economic integration, Peruvian International Trade and Tourism Minister Mercedes Araoz said at the opening session. ... - [read more]
A delegation of the Communist Party of China (CPC) left here on Wednesday for good-will visits to Iran, Bahrain, Egypt, Israel and Palestine. The delegation was led by Liu Yunshan, member of the CPC Central Committee Political Bureau and head of the CPC Central Committee Publicity Department. The delegation was invited by the governments of Iran, Bahrain and Israel and Egypt's ruling party, the National Democratic Party and the Palestine National Liberation Movement (FATEH). ... - [read more]
Chinese top legislator, Wu Bangguo, met in Beijing Wednesday with visiting speaker of the Slovak National Council, Pavol Paska, calling on the two sides to step up inter-parliamentary cooperation to further boost bilateral relations. Wu, chairman of the Standing Committee of China's National People's Congress (NPC), China's top legislature, highlighted China-Slovakia relations, noting that the ties already entered into a phase of development. Citing Slovakia as one of the fastest ... - [read more]
The U.S. Food and Drug Administration (FDA) opened its first overseas office in Beijing on Wednesday. The office will mainly be responsible for communicating with relevant regulatory departments in China and will help build up the country's food and drug safety supervision, said Mike Leavitt, secretary of the U.S. Department of Health and Human Services. "The establishment of this office will further promote and deepen the collaboration between China and the United States in the ... - [read more]
China's Party and government discipline watchdogs pledged to protect farmers from malpractice in farmland management and rural democracy. The Central Commission for Discipline Inspection (CCDI) of the Communist Party of China (CPC) and the Ministry of Supervision issued a circular in Beijing Wednesday, planning to address problems that harmed farmers' interests. The CCDI and ministry will supervise related government departments so they don't harm farmers interests when they hand ... - [read more]
China wants to clear up a backlog of court cases during an eight-month campaign which started in Beijing Wednesday. Wang Shengjun, President of China's Supreme People's Court, said the campaign was expected to bring an end to a number of long-running property cases. The specific number of backlogged cases was not released. "Some sentences that have not been carried out remain major concerns of petitioners and the public," Wang said. "Those cases usually draw criticisms an ... - [read more]
Cab companies agreed to reduce management fees for drivers in the southwestern Chongqing Municipality, following a strike earlier this month. The companies promised drivers they would pay 50 yuan (7.31 U.S. dollars) less per day in fees. It can cost drivers 300 to 500 yuan a day to use a cab from a company. Licensed drivers complained that was too much, said Li Jun, executive vice chairman of the Chongqing federation of trade unions on Wednesday. The agreement is retroact ... - [read more]
Beijing will not restrict the purchase of private cars, as was purposed by residents, to help ease traffic jams and stem pollution, a senior official said on Wednesday. City authorities will not limit the number of license plates issued to reduce car purchases, said Wang Haiping, deputy head of the Beijing Municipal Commission of Development and Reform at a press conference. He said it would be an irresponsible move while China is trying to boost domestic consumption to offset im ... - [read more]
An administrative fee cut on 100 items will save Chinese enterprises about 19 billion yuan (2.78 billion U.S. dollars), announced the Ministry of Finance (MOF) on Wednesday. On Nov. 13, the MOF and the National Development and Reform Committee (NDRC), the country's top economic planner, jointly announced a decision to abolish administrative fees in areas such as business license applications, industrial construction, foreign trade, agricultural production, employment and education, among ... - [read more]
The China-Myanmar diplomatic consultation was held on Wednesday in Kunming, capital city of China's Yunnan province. Chinese Vice Foreign Minister Wu Dawei and his Myanmar counterpart U Kyaw Thu attended the consultation During the talk, the two sides reviewed achievements made in bilateral ties, and agreed to work together to enhance good-neighborly friendship, expand mutually beneficial cooperation and advance the bilateral relations. U Kyaw Thu also reiterated Myanmar's adhere ... - [read more]
Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), met on Wednesday with the visiting delegation of the Federation of the Filipino-Chinese Chambers of Commerce and Industry, Inc (FFCCCII). Chen Changzhi, vice chairman of the Standing Committee of China National People's Congress (NPC), and Qian Yunlu, vice chairman of the CPPCC National Committee, were present at the meeting here. The delegation came to China at the ... - [read more]
Chinese scientists are attempting to keep milk free of chemical residues by using herbal medicines, rather than antibiotics or hormones, to treat bacterial infections in cows and increase their milk production. Liang Jianping, a leading veterinary pharmacist with the Institute of Modern Physics under the Chinese Academy of Sciences, said on Wednesday that his research team produced zero-residue milk at an experimental dairy farm by using herbal medicines to treat mastitis (an inflammatio ... - [read more]
China is ready to reform its oil pricing mechanism in 20 days, which covers mainly the current price regulation on refined petroleum products, reliable sources said. Individuals close to Beijing's top decision-making circles told China Daily on condition of anonymity that the new pricing measures are already laid out to replace the old ones nationwide. "The aim is to complete China's fuel tax reform and to encourage energy conservation and emission control," they said. "So despite ... - [read more]
Concerns over the worsening economic outlook and expectations of an increase in the jobless rate sent property stocks lower, dragging Hong Kong's benchmark index lower Wednesday. The Hang Seng Index fell 100.1 points, or 0.8 percent, to 12, 815.80 after trading between 12,738.53 and 13,179.33 during the session. Turnover reached 38.91 billion Hong Kong dollars (5.03 billion U.S. dollars), down from 44.84 billion Hong Kong dollars (5.79 billion U.S. dollars) Tuesday. Prope ... - [read more]
The Beijing Olympic Games not only provided a platform for the world to understand China, but also helped to raise the image of Chinese brands, according to a research report released on Tuesday. The sports gala helps the Chinese manufacture industry to accelerate the pace for realizing its goal of going from "Made in China" to "Brand in China", the 60,000-character report said. The report described the image of China as "passion, development, harmony and responsibility". ... - [read more]
The composite interest rate in Hong Kong rose to 1.28 percent at the end of October, from 1.18 percent at the end of September, Hong Kong Monetary Authority (HKMA) said on Wednesday. The increase reflected the carry-over effect from the upward adjustments of interbank rates in mid-September and early October that transmitted into the increases in customers' time deposit rates, which more than offset the fall in short- to medium-term interbank rates during October, while savings rates wer ... - [read more]
The Boeing Company said that an expansion of its China venture broke ground on Wednesday in north China's port city of Tianjin. The 21-million-U.S.-dollar project was launched after the global giant acquired a majority stake in the Tianjin-based BHA Aero Composites Parts Co. Ltd. (BHA) in July. Boeing also gained rights to land adjacent to the venture facilities in the Binhai New Area. Construction was expected to be completed by early 2010 and the new facility would be fully op ... - [read more]
Few cabs were seen on street in a suburban district of southwestern China's Chongqing Municipality on Wednesday morning, as cabbies stopped work to protest against a government plan to increase the number of taxies. An official in the Yongchuan district government, who declined to be named, confirmed that many cabbies were against the government's plan to raise the number of taxies from the current 300 to 400 in the district with a population of 310,000. Cab drivers in the main u ... - [read more]
Chinese firms with a stock market listing in the European Union (EU) can continue filing accounts under home rules during a transition period from 2009 to 2011, said the Ministry of Finance on Wednesday. It was the first time that Chinese accounting rules were accepted by the international capital market after the EU's decision. &$&$Source: Xinhua&$&$ ... - [read more]
Cai Zhaokai, who works in the foreign trade office under the Chang'an township of Dongguan City in Guangdong Province, has been visiting three or four enterprises a day with his colleagues to learn how local companies are coping with the global financial crisis. "We are being asked to go to grassroots enterprises as much as possible to learn their difficulties and find out what government can do for them, and give information and suggestions to higher-level authorities," Cai said. ... - [read more]
Chiang Pin-kun, chairman of the Taiwan-based Strait Exchange Foundation (SEF), predicts a steady advance for the cross-strait talks, after the historic visit to Taiwan by Chen Yunlin, director of the Mainland-based Association for the Relations across the Taiwan Strait (ARATS). Chen's visit, between Nov. 3 and 7, is a breakthrough for the regularized talks between the two organizations, said Chiang, in an interview with Xinhua correspondents, on Tuesday. The SEF and the ARATS sig ... - [read more]
China National Petroleum Corporation (CNPC) has signed an agreement with Costa Rica's Refinadora Costarricense de Petroleo (Recope) on a joint venture to upgrade a Costa Rica's oil refinery, CNPC announced on Wednesday. The deal was signed on Tuesday (Beijing Time) in San Jose, capital of the Central American nation, during Chinese President Hu Jintao's state visit. According to the 25-year deal, the joint venture would help modernize and expand the Moin refinery, increasing its ... - [read more]
A fire broke out in a shopping mall in downtown Qiqihar, northeastern Heilongjiang Province right after Wednesday noon, according to local government. No casualties have been reported so far, local government said. Hundreds of people were evacuated from the New-Mart Plaza and the fire were put under control, the city's fire control department said. "The situation is under control. We have seen no blaze in the building, but black smokes keeps running out," an official with ... - [read more]
The U.S. Food and Drug Administration (FDA) opened its first overseas office here on Wednesday, in an effort to better regulate food that is imported into the United States. The office will mainly be responsible for building up a system of food and drug safety inspections in China, said Mike Leavitt, secretary of the U.S. Department of Health and Human Services. Leavitt came here this week with FDA Commissioner Andrew von Eschenbach to attend two workshops with their Chinese coun ... - [read more]
According to the Ministry of Culture, starting from this year, inheritors of national Intangible Cultural Heritage will receive 8,000 yuan in work subsidies per year from the central budget. The Ministry of Culture has already announced two lists: 1,028 items of national Intangible Cultural Heritage, and 777 national Intangible Cultural Heritage inheritors. To further regulate conservation works of Intangible Cultural Heritage, the Ministry of Culture, starting from this year, will announ ... - [read more]
About 775,000 people had registered for the civil service exams, Yang Shiqiu, vice minister of the Ministry of Human Resources, disclosed in an interview on November 18. Yang said that the number of candidates who signed up for the 2009 civil service exams is 130,000 more than in 2008. The central and state organs will recruit for 13,500 new posts this year, with an admissions rate of 17.5%, making the civil service exams one of the most competitive exams in China since reform and opening-up. ... - [read more]
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