China News

People's Daily | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- China's stocks rose for the fourth consecutive day on Thursday, with the benchmark Shanghai Composite Index up 0.34 percent, or 8.13 points, to close at 2,435.61.

The Shenzhen Component Index edged up 0.07 percent, or 7.54 points, to close at 10,323.29.

...

People's Daily | Oct 27, 2011

CHICAGO, Oct. 27 (Xinhua) -- U.S.-based VelaTel Global Communications announced Tuesday that it would form a joint venture with a Chinese company to deploy fourth-generation (4G) communication and information service networks in the Asian country.

The joint venture with China's Next Generation Special Network Communication Technology Co., Ltd. (NGSN) will use the TD-LTE technology to bring high-speed, low-cost wireless internet connections to both businesses and individuals currently without ...

People's Daily | Oct 27, 2011

SEOUL, Oct. 27 (Xinhua) -- South Korea's dependency on Chinese supplies of rare earth materials seems to have grown, driven by an increase in demand on the back of stable prices in China, customs data showed Thursday.

Imports from China jumped by 37.1 percent to 324 tons in September compared to the month before, according to a report by the Korea Customs Service.

In September, South Korea imported a total of 418 tons of rare earth materials including scandium and yttrium, up 32.8 percent ...

People's Daily | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- China's leading automaker SAIC Motor said Thursday its net profits jumped 38.69 percent year-on-year to 13.29 billion yuan (2.1 billion U.S. dollars) in the first three quarters of the year, boosted by strong sales.

Its third quarter net profits climbed 27 percent from a year earlier to 4.72 billion yuan, SAIC said in a statement to the Shanghai Stock Exchange.

Gross revenue during the January-September period totaled 281.28 billion yuan, an increase of 22.71 p ...

People's Daily | Oct 27, 2011

BEIJING, Oct. 26 (Xinhua) -- The China Chamber of International Commerce (CCOIC) on Wednesday appealed to the U.S. government not to launch anti-dumping and anti-subsidy investigations into Chinese-made solar panels after U.S. solar product makers filed a probe application.

If the United States is to take action on Chinese new energy products, it will negatively affect both the Chinese and U.S. solar industries, as well as the global solar industry, said Wang Xiaokang, vice chairman of the CC ...

People's Daily | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- China's industrial enterprises posted a year-on-year profits growth of 27 percent in the first three quarters of 2011, according to new figures, but the pace has slowed compared to the year's previous measurement periods.

The combined profits of industrial enterprises amounted to 3.68 trillion yuan (580 billion U.S. dollars) between January and September, according to a National Bureau of Statistics (NBS) statement added to its website Thursday.

The 27-percent ...

People's Daily | Oct 27, 2011

China's currency has kept on strengthening amid stubbornly weak recovery of the Western developed economies, and the necessity to rein in an elevated inflation at home.

And, the U.S. Senate is debating a bill sponsored by unemployment conscious Democratic senators who have called for punitive legislative efforts to pressure Beijing to appreciate its currency, the yuan, against the greenback.

The People’s Bank of China, the central bank, on Tuesday made the official medium trading price ...

People's Daily | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- Ping An Insurance (Group) Co., China's second-largest insurer, said Thursday its profit rose 13.8 percent year-on-year to reach 14.52 billion yuan (about 2.28 billion U.S. dollars) for the first three quarters of 2011.

However, the insurer's third-quarter profits fell 44 percent from one year earlier, pulled down by a drastic decline in investment returns amid volatile stock markets, the company said in a statement filed with the Shanghai Stock Exchange.

Ping A ...

People's Daily | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- The Chinese currency Renminbi, or the yuan, weakened 21 basis points to 6.3477 against the U.S. dollar on Thursday, 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 | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- China will explore channels and forms for the public to participate in legislation activities in an orderly manner, says a white paper released Thursday by the Chinese government.

China will improve panel discussions, feasibility study meetings, hearings on legislation and the gathering of public opinion through the publication of draft laws and regulations, says the white paper titled The Socialist System of Laws with Chinese Characteristics released by the Infor ...

People's Daily | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- China has been improving its criminal justice system to promote human rights protection and the rule of law, says a white paper issued on Thursday by the Chinese government.

By the end of August 2011 China had enacted the Criminal Law and eight amendments to it, according to the white paper titled "The Socialist System of Laws with Chinese Characteristics."

The Criminal Law defines clearly these basic principles: punishment of crimes is defined by law, everyone ...

People's Daily | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- China has pledged to strengthen legislation on developing socialist democracy, says a white paper released Thursday by the Chinese government.

The country will improve legal institutions concerning election, self-government among people at the grassroots level and organization of state organs, according to the white paper titled The Socialist System of Laws with Chinese Characteristics released by the Information Office of the State Council.

This is to "meet th ...

People's Daily | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- China had enacted 18 social laws and many administrative and local regulations to regulate labor relations and social security by the end of August 2011, in order to safeguard social equity and promote social harmony.

China's Labor Law deals with labor relations and other relationships closely related to them, such as labor protection, labor safety and hygiene, occupational training, labor disputes and labor supervision, thus establishing China's basic labor syste ...

People's Daily | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- China will strengthen legislation in the social field to guarantee and improve the people's livelihood, says a white paper issued Thursday by the Chinese government.

China will gradually improve the legal institutions concerning employment, labor protection, social security, social assistance, social welfare, income distribution, education, medical care, housing and social organizations, says the white paper on the Socialist System of Laws with Chinese Characteris ...

People's Daily | Oct 27, 2011

BEIJING, Oct. 27 (Xinhua) -- China has enacted the Law on Regional Ethnic Autonomy, which protects the legitimate rights and interests of the ethnic minorities by law, says a white paper titled "The Socialist System of Laws with Chinese Characteristics" issued on Thursday.

China has currently 155 ethnic autonomous areas, including five autonomous regions, 30 autonomous prefectures and 120 autonomous counties or banners in accordance to the Constitution and laws, says the white paper issued by ...

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