China News

People's Daily | Dec 08, 2011

BEIJING, Dec. 8 (Xinhua) -- China's top political advisor on Thursday called for efforts to carry forward the pioneering spirit and down-to-earth work style of the country's "father of space technology", Qian Xuesen.

Jia Qinglin, chairman of the Chinese People's Political Consultative Conference National Committee, made the call at a symposium to commemorate the 100th birth anniversary of Qian, also known as Tsien Hsue-shen.

Chinese Vice Premier Li Keqiang was present at the event.

Qian ...

People's Daily | Dec 08, 2011

The revenue of China's telematics industry will grow rapidly over the next few years because of more smart cars on the roads and faster speed of the telecommunications network, and Shanghai is expected to play a "leading" role in its development, officials told a telematics forum in the city yesterday.

Some telematics technologies will also be used in high-speed railway networks in China, experts said.

The revenue of China's telematics industry soared more than 20 percent annually to 220 b ...

People's Daily | Dec 08, 2011

Shanghai's key stock index closed slightly lower yesterday after swinging between gains and losses, as investor sentiment dimmed due to a report that China's economy would grow at a slower pace.

The Shanghai Composite index shed 0.1 percent to close at 2,329.82 after the morning fluctuation sent the gauge to a 33-month low of 2,302.64 at one point.

Investors turned gloomy after the Chinese Academy of Social Sciences projected on Wednesday that China's gross domestic product would grow 9.2 ...

People's Daily | Dec 08, 2011

Hong Kong's Bank of East Asia, which has set its sights on offering loans to smaller businesses, opened its 100th outlet in Shanghai yesterday.

The opening makes Bank of East Asia (China) Ltd the second biggest overseas bank on the Chinese mainland by outlets. The bank also said that it will open at least 10 new outlets annually on the mainland. BEA set up its first branch in Shanghai in 1920.

Although most of its outlets are in coastal areas the bank also targets first-tier and smaller c ...

People's Daily | Dec 08, 2011

Beijing Dec. 9 (People’s Daily Online) - China’s consumer price index (CPI), a major gauge of inflation, eases to the lowest level so far this year, according to data released by China’s National Bureau of Statistics on Friday.

Consumer prices rose 4.2 percent in November year-on-year, easing from 5.5 percent in October, because of the significant drop in food price and international commodity prices, which are the major two factors that prop up the price level.

Though the headache ...

People's Daily | Dec 08, 2011

BEIJING - With offers of prices "starting at zero yuan", property developers are hoping to use online auctions to restore customers' confidence at a time when sales of real estate have slowed.

On Wednesday, a group of 20 developers started a campaign to that end on, a real estate website. Among them were two real estate tycoons - Pan Shiyi, chairman of Soho China Ltd, and Ren Zhiqiang, chairman of Huayuan Real Estate Co Ltd - and other industry giants such as China Vanke Co Ltd and L ...

People's Daily | Dec 08, 2011

BEIJING, Dec. 8 (Xinhua) -- China's entry to the World Trade Organization (WTO) a decade ago opened the floodgates to foreign investment in a variety of areas, but the retailing sector is surely the most potent symbol of how foreign businesses have come, competed and conquered on the levelling field.

The days have long gone when neighborhood shop keepers would man their counters, ready to dispense to customers whatever their little shops would hold, and when buyers had to go to separate place ...

People's Daily | Dec 08, 2011

NANNING, Dec. 8 (Xinhua) -- An international auto expo kicked off Thursday in the city of Liuzhou, south China's Guangxi Zhuang autonomous region, in a move to boost cooperation between China and the Association of Southeast Asian Nations (ASEAN) in the automobile industry.

The China-ASEAN Auto, Engineering Machinery and Parts Expo, has more than 260 companies from China, India and the ASEAN countries in attendance, said Mayor Zheng Junkang.

The three-day expo is organized by the China Ass ...

People's Daily | Dec 08, 2011

SHENZHEN, Dec. 8 (Xinhua) -- With the central government's resolute efforts, the trend of surging prices this year has been controlled, said Yao Jingyuan, the former chief economist with the National Bureau of Statistics.

This round of inflation is not yet so serious in its time span, said Yao at the annual session of the China Real Estate Chamber of Commerce, which was held on Thursday in Shenzhen, in Guangdong province.

With fast economic growth, China's inflation has been comparatively ...

People's Daily | Dec 08, 2011

China's currency strengthened for the first time in four days during market trading yesterday after the central bank raised the yuan's central parity rate to the strongest this week.

Economists said the recent weakening was due to strong demand for the US dollar but was not an indication of depreciation in the long run.

They predicted that the yuan will continue a gradual appreciation in 2012 of between 2 and 3 percent along with the stable growth of the country's economy.

The People's ...

People's Daily | Dec 08, 2011

China still has confidence in the euro, Foreign Minister Yang Jiechi said in Germany, expressing a willingness to use a variety of means to support the debt-ridden European Union.

"As a comprehensive strategic partner and a major trading partner of the EU, China remains confident in Europe and the euro," Yang told German counterpart Guido Westerwelle in Berlin.

"We will work with the international community to continue using a variety of means to support all of the European Union's efforts ...

People's Daily | Dec 08, 2011

BEIJING - China will begin four regional programs to artificially increase precipitation across the country before 2015, according to the newly released 12th Five-Year Plan (2011-2015) for meteorological development.

Together with the existing program in Jilin province, to influence weather in northeastern parts of China, the five regional weather control programs will increase artificial precipitation volume by 10 percent, according to the plan.

Each year, an average of 3 trillion cubic ...

People's Daily | Dec 08, 2011

KYOTO, Japan - Struggling companies are getting more support from the Chinese government to keep and create jobs, a senior labor official said.

China intends to create 9 million to 10 million jobs a year, but experts say the worsening situation faced by small and medium-sized enterprises (SMEs) in coastal regions complicating the effort.

To ease the problem, the nation will introduce more active fiscal and financial policies to help SMEs to survive, and thus sustain employment and create j ...

People's Daily | Dec 08, 2011

BEIJING, Dec. 8 (Xinhua) -- China's top legislator, Wu Bangguo, has urged Party members working in the line of the National People's Congress (NPC) to make further contributions to the country's People's Congress system.

Wu, chairman of the NPC Standing Committee, made the remarks in a congratulatory letter to a meeting for Party member representatives under various NPC organizations that was held from Wednesday to Thursday.

Party organizations and members at all levels under the NPC shoul ...

Guardian | Dec 08, 2011

Tibet's desperate protests cause embarrassment rather than anxiety in China. Britain too is looking the other wayIn 2008, the Tibetan monastery of Kirti was a focal point for the anti-Chinese protests that consumed dozens of lives and led to the imprisonment of innumerable Tibetans. In March this year, the third anniversary of the protests, a young Tibetan from the monastery doused his body with kerosene and set it on fire. Nearly a dozen young Tibetan men and women...