China News

People's Daily | Nov 15, 2011

BEIJING, Nov. 15 (Xinhua) -- China's railway investment in the first 10 months of this year fell sharply, as the Ministry of Railways (MOR) is facing mounting pressure to pay off creditors.

The ministry announced Tuesday that its fixed asset investments reached 429 billion yuan (about 68 billion U.S. dollars) in the first 10 months of this year, representing a sharp decrease of 25.2 percent from a year ago.

Its infrastructure investment in the first 10 months reached 367 billion yuan, fall ...

People's Daily | Nov 15, 2011

KUNMING, Nov. 15 (Xinhua) -- One more body was retrieved Tuesday morning from the shaft of the Sizhuang Coal Mine in southwest China's Yunnan province, bringing the death toll from the gas leak to 35.

The body was found at 0:10 a.m., confirmed local authorities. Rescuers are busy searching for eight miners still missing in the mine, which is located in the county of Shizong near the city of Qujing.

According to Li Dangrong, vice head of the public security bureau of Qujing city, more than ...

People's Daily | Nov 15, 2011

SHANGHAI - Shanghai publicized the bids for China's first ever local government bonds on Tuesday amid high subscription demand as part of the country's pilot project aimed at curbing the debt risks of cash-strapped local governments.

The Shanghai Municipal Finance Bureau will sell three-year fixed-rate bonds worth 3.6 billion yuan ($567 million) at a rate of 3.1 percent and five-year fixed-rate bonds worth 3.5 billion yuan at 3.3 percent, according to data from the China Government Securities ...

People's Daily | Nov 15, 2011

BEIJING, Nov. 15 (Xinhua) -- China's farm produce prices continued to fall last week, with pork prices 1.9 percent lower than a week earlier and down 8.2 percent cumulatively since mid-September, the Ministry of Commerce said Tuesday.

Egg prices fell for a seventh straight week last week, down 0.6 percent, as supplies increased, the ministry said in a statement on its website.

Colza oil prices dropped 0.1 percent while prices of peanut oil, rice and flour remained unchanged from a week ear ...

People's Daily | Nov 15, 2011

BEIJING - Now is a good time to raise electricity prices to ease power plants' losses while China's inflationary pressure is easing, experts with the Energy Research Institute of the National Development and Reform Commission (NDRC) said on Monday.

The government has to confront the severe discrepancy between coal and power prices when power shortages become serious again this winter, said Jiang Kejun, a researcher at the institute, which is an energy policy think tank for the country's top e ...

People's Daily | Nov 15, 2011

WASHINGTON / NEW YORK - China has driven down the price of alternative energy products in the US market, which has benefited consumers, said US business executives and analysts.

China and the United States are currently engaged in a dispute over a US investigation based on claims by a group of US solar panel manufacturers, including Germany-based SolarWorld AG.

The group has accused Chinese rivals of dumping solar panels on the US market.

China's Ministry of Commerce said on Thursday th ...

People's Daily | Nov 15, 2011

Beijing, Nov.15 (People's Daily Online) -- China on Monday reiterated its stance on the RMB exchange rate, saying that the nation's exchange rate policy is responsible and it will continue to advance the reform steadily.

Foreign Ministry spokesman Liu Weimin made the comment in response to a question in regard to US President Barack Obama's recent push on China's currency exchange rate.

"Chinese President Hu Jintao stated that China follows a responsible exchange rate policy, during his m ...

People's Daily | Nov 15, 2011

Beijing, Nov.15 (People's Daily Online)--China Financial Sector Assessment Program (FSAP) reports, the Financial System Stability Assessment (FSSA) and the Financial Sector Assessment (FSA) were published by the International Monetary Fund (IMF) and the World Bank (the Bank) respectively, on 15 November 2011, according to the website of the People's Bank of China.

The FSAP was developed by IMF and the Bank jointly in May 1999 to help strengthen the assessment and monitoring on financial vulne ...

Guardian | Nov 15, 2011

Some images appear to show mining, power and military sites, while others are harder to identify.

Guardian | Nov 15, 2011

Chinese artist pays bond raised by supporters into government bank account to cover 'back taxes and late payments'Ai Weiwei has paid a bond of 8.45m yuan (£820,000), paving the way to file what he fears may be an ultimately futile appeal on a tax evasion charge.Supporters of the dissident artist, whose 81-day secret detention earlier this year triggered an international outcry, say the tax case is part of Beijing's efforts to muzzle China's most famous social critic.Ai, 54, paid the bond, all of it raised by his supporters, into a tax bureau bank account on Tuesday to cover what the...

Guardian | Nov 15, 2011

China's banks face 'steady build-up of financial sector vulnerabilities', according to IMF reportA rise in off-balance sheet liabilities and a house-price boom have left Chinese banks vulnerable to heavy losses, the International Monetary Fund (IMF) has said.In a wide-ranging report into the Chinese financial system, the IMF said that China is facing a "steady build-up of financial sector vulnerabilities"."The system is becoming more complex and inter-linkages between...

BBC | Nov 15, 2011

Two girls have been rescued after being trapped, hanging upside down, on a fairground ride in China.

BBC | Nov 15, 2011

The International Monetary Fund (IMF) warns that China's financial system "faces a steady build up in vulnerabilities".

BBC | Nov 15, 2011

More reports emerge that China's bullet trains, recalled over safety fears earlier this year, are expected to return to service.

People's Daily | Nov 15, 2011

BEIJING, Nov. 14 (Xinhua) -- Senior Chinese leaders including Vice President Xi Jinping and Vice Premier Li Keqiang on Monday visited an exhibition dedicated to Qian Xuesen, the country's most reputed aerospace scientist.

The exhibition, named "Qian Xuesen -- People's Scientist", was opened on Nov. 3 in the National Museum in downtown Beijing to celebrate the coming of the 100th birthday of Qian, the man known as the father of China's aerospace technology.

Over 400 pieces of documents and ...

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