China Business

China’s software industry grows, but at slower pace

BEIJING, July 25 — China’s software industry continued to grow in the first half of this year, but at a slower pace because of the global economic downturn. The sector gained business earnings of [...]

China’s telephone users exceed one billion

BEIJING, July 26 — The number of phone users in China has surpassed one billion by the end of June, boosted by the launch of the third-generation (3G) network, statistics from the Ministry of [...]

China’s broadband Internet users hit 93.5 mln

BEIJING, — Another 10 million users had access to the broadband Internet in China in the first half of the year, adding the total to 93.5 million, data released by the Ministry of Industry [...]

China’s coal ouput up 8.7% in H1, profit growth sharply down

BEIJING, July 26 — China’s coal production continued to ease in the first half of this year on flat domestic demand amid the economic slowdown. The crude coal output increased 8.7 percent year on [...]

China posts double-digit growth in diamond in H1

SHANGHAI, July 26 — China bought more diamond from abroad against the financial crisis effect in the first half of this year, Shanghai diamond trading administration office said on Sunday. Between January and June, [...]

China discovers 5-bln-tonne iron deposits in 2009

BEIJING, Jan. 15 — China discovered nearly 5 billion tonnes of iron ore deposits in 2009, chief engineer with the Ministry of Land and Resources (MLR) said Friday. The deposits were discovered in provinces [...]

China Development Bank opens first overseas branch in HK

China Development Bank (CDB) Corporation vice governor Li Jiping attends a news conference during the inauguration ceremony of the bank’s Hong Kong branch, in Hong Kong, south China, July 29, 2009. (/Zhou Lei)

Hong Kong stocks open slightly higher

HONG KONG, July 30 — Hong Kong stocks rose 14.76 points, or 0.07 percent, to open at 20,150.26 on Thursday.

China’s economy rebounds, instability and uncertainty still exist: NBS Chief Economist

BEIJING, July 26 — China’s economy showed a sign of recovery currently, but was still in a crucial phase and faced uncertainties both from home and abroad, said Yao jingyuan, Chief Economist with the [...]

Macao’s tourist price index up 1.77% in Q2

MACAO, July 15 — Macao’s Tourist Price Index (TPI) for the second quarter of 2009 rose by 1.77 percent year-on-year to 146.09, according to the figures released on Wednesday by the city’s Statistics and [...]

China’s CPI falls 1.8% in July

BEIJING, Aug. 11 — China’s consumer price index (CPI), a main gauge of inflation, dipped 1.8 percent in July from a year earlier, the National Bureau of Statistics said here Tuesday.A man buys vegetable [...]

Sinopec’s net profit up 332.8% in H1

Shenzhen Port sees 10.8% increase in export to ASEAN in H1

SHENZHEN, July 25 — Shenzhen Port, one of China’s busiest ports, exported 7.85 billion U.S. dollar worth of goods to the Association of Southeast Asian Nations (ASEAN) in the first half of this year, [...]

China Q3 GDP to up 8.5%, no inflation: think-tank

BEIJING, Aug. 21– China’s gross domestic product will grow about 8.5 percent in the third quarter from a year earlier, picking up from the second quarter’s 7.9 percent pace, a think-tank said on Friday.The bullish [...]

Hong Kong stocks close 1.53% lower

HONG KONG, Nov. 24 — Hong Kong stocks went down 348.25 points, or 1.53 percent to close at 22,423.14 on Tuesday. The benchmark Hang Seng Index opened 73 points lower in the morning but [...]

Pakistan encourages Chinese companies to invest in energy sector

ISLAMABAD, July 25 — Pakistan has been encouraging Chinese companies to invest in various areas, particularly in energy sector, Federal Minister for Investment Waqar Ahmed Khan said Thursday. He made the remarks while discussing [...]

China announces new pricing mechanism of fuel surcharge

BEIJING, Nov. 12 — A new pricing mechanism of fuel surcharge that links it with airlines’ jet fuel costs has been introduced to offset rising jet fuel costs, China’s top economic planner announced here [...]

The World Route Development Forum to open in Beijing

BEIJING, July 12 — The 15th World Route Development Forum is scheduled for September 13 to 15 in Beijing this year, the Capital Airports Holding Company (CAH), host of the forum, announced here on [...]

Exporters yet to fully cash in on domestic demand

BEIJING,

Chinese shares open slightly higher Monday

BEIJING, July 27 — Chinese shares opened slightly higher Monday, with the benchmark Shanghai Composite Index up 0.15 percent, or 5.11 points, to open at 3,377.72. The Shenzhen Component Index rose 0.5 percent, or [...]