China News

People's Daily | Jan 06, 2012

BEIJING, Jan. 6 (Xinhua) -- Almost 1,500 cases of illegal land appropriation and demolition were handled in the year 2011, and 509 people involved were held accountable, a senior official said on Friday.

Qu Wanxiang, Vice Minister of the Ministry of Supervision under the Central Commission for Discipline Inspection of the Communist Party of China, put the number of such cases at 1,480. ...

npr | Jan 06, 2012

The death of North Korea's leader Kim Jong Il and the elevation of his son Kim Jong Un could create new strategic policies in the region. China and the U.S. have vital interests in the Korean peninsula, but they are trying to compete and cooperate at the same time — all while worried about North Korea's nuclear weapons program.» E-Mail This     » Add to Del.icio.us

People's Daily | Jan 06, 2012

HONG KONG, Jan. 6 (Xinhua) -- Following are Friday's major Hang Seng Indices managed and compiled by the Hang Seng Indexes Company Limited, a wholly owned subsidiary of the Hang Seng Bank:

Index Previous Close Close Change

Hang Seng Index 18,813.41 18,593.06 -220.35

Sub-indices:

Finance 25,373.12 24,913.82 -459.30

Utilities 45,660.00 45,638.00 -22.00

Properties 23,039.33 22,781.73 -257.60

Com/Ind 11,425.24 11,355.29 -69.95

China Enterprises

Index 10,140.92 9,987.33 -15 ...

People's Daily | Jan 06, 2012

BEIJING, Jan. 6 (Xinhua) -- China's stock index futures closed higher Friday, with the contract for January 2012, the most actively traded, up 0.16 percent from the previous trading day to 2,297.6 points.

The February 2012 contract rose 0.11 percent to 2,306.4 points. The March 2012 contract climbed 0.14 percent to 2,321.6 points, while the June 2012 was up 0.2 percent to finish at 2,343.6 points.

The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a preset value o ...

People's Daily | Jan 06, 2012

BEIJING, Jan. 6 (Xinhua) -- The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, moved up 2.11 points, or 0.32 percent, to close at 669.02 points on Friday.

The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, makes up the three core indices reflecting the performance of China's stocks listed on the Shenzhen Stock Exchange.

The ChiNext Board, which started trading on Oct. 30, 2009, mainly lists ...

Washington Post | Jan 06, 2012

BEIJING — A bureau in charge of monitoring China’s frequently smog-choked capital will release more detailed reports, state media said Friday, following a public outcry over the hazards of fine particle pollution.
Beijing’s decision to publish the data appeared aimed at appeasing residents’ anger over the pollution and a lack of government transparency.
Read full article >>

...

BBC | Jan 06, 2012

A group of Indian diamond traders, held in China for two years on charges of smuggling gems, return home to Mumbai.

People's Daily | Jan 06, 2012

HONG KONG, Jan. 6 (Xinhua) -- Hong Kong stocks opened down 28. 55 points, or 0.16 percent lower, at 18,784.9 on Friday. ...

People's Daily | Jan 06, 2012

BEIJING, Jan. 6 (Xinhua) -- The Chinese currency Renminbi, or the yuan, retreated 51 basis points to 6.3166 against the U.S. dollar on Friday, 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 rate of the yuan against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day. ...

People's Daily | Jan 06, 2012

BEIJING, Jan. 6 (Xinhua)-- China CNR Corporation Limited (CNR), one of China's state-owned train makers, said Friday it expects to see a net profit surge over 50 percent in 2011 from a year earlier, on the country's booming railway and metro construction.

The company's net profit will thus reach around 3 billion yuan (476.12 million U.S. dollars) in 2011, as CNR posted a profit of 1.91 billion yuan in 2010.

The train maker attributed the revenue growth to the "continuously rapid developmen ...

People's Daily | Jan 06, 2012

BEIJING, Jan. 6 (Xinhua) -- The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, opened at 662.65 points on Friday, down 0.64 percent from the previous close.

The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, makes up the three core indices reflecting the performance of China's stocks listed on the Shenzhen Stock Exchange.

The ChiNext Board, which started trading on Oct. 30, 2009, mainly lis ...

People's Daily | Jan 06, 2012

BEIJING, Jan. 6 (Xinhua) -- China's stock index futures opened lower on Friday with the contract for settlement in January 2012, the most actively traded, opening 5 points lower at 2,289 points.

The contract for settlement in February 2012, opened 6.8 points lower at 2,297, while the contract for settlement in March 2012 opened at 2,314 points, down 4.4 points.

The contract for settlement in June 2012 opened one point lower at 2,338 points.

The stock-index contracts, agreements to buy o ...

People's Daily | Jan 06, 2012

BEIJING - China is considering levying a carbon tax within the next three years to tighten its regulations on polluting industries and put the economy on a greener path.

A draft of a new system of taxation has been submitted by the Fiscal Science Research Center of the Ministry of Finance to the ministry for review. The plan would impose a tax on emissions of greenhouse gases, Su Ming, deputy director of the center, said on Thursday.

Su said the tax is likely to be charged at a rate of 1 ...

The Sydney Morning Herald | Jan 06, 2012

China's Zheng Jie has broken her losing streak against Russia's Svetlana Kuznetsova to give herself the chance of a fourth WTA Tour singles title.

BBC | Jan 06, 2012

Authorities in China agree to dissident artist Ai Weiwei's request to review a $2.4m (£1.55m) fine imposed on him for allegedly evading taxes.

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