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Chinese Vice Premier Li Keqiang has stressed that more efforts were needed to ensure stable energy supply, which should be regarded as a key task in regulating current economic operation. Li made the remarks Wednesday when inspecting the State Electricity Regulatory Commission and the State Grid Corporation of China on power supply during winter. He urg...
Combined profits and taxes in China's tobacco industry in 2009 topped 513.11 billion yuan ($75 billion), a rise of 55.9 billion yuan from a year ago, Zhang Xiulian, spokesman with the State Tobacco Monopoly Administration, said Thursday. Industrial and commercial taxes paid by the industry last year reached 416.3 billion yuan, up 26.2 percent year-on-yea...
China's new yuan-denominated lending in December rose to 379.8 billion yuan ($55.6 billion) from November's 294.8 billion yuan, the People's Bank of China, the central bank, said Friday. Source: BizChina
Families are frantically booking nianyefan, or Chinese Lunar New Year's Eve family dinners, at popular restaurants in Beijing and Shanghai. As in previous years, restaurants in the capital serving traditional Beijing cuisine are most popular. Bianyifang, famous for its Peking duck, is already 70 percent booked for Feb 13. The cost of a feast for a grou...
China's statistics from 2009 are expected to show its first deficit in tourism, due to a weak global economy and a strong travel incentive at home, a senior researcher said. China Tourism Academy, the think tank for the country's tourism authority, said that mainland tourists spent some $42 billion in overseas destinations including Hong Kong, Macao and...
Domestic search firm Baidu Inc could be the biggest beneficiary of a possible pullout from China by Internet major Google, leading industry experts said yesterday. The NASDAQ-listed Baidu already dominates the Chinese search landscape and it has signaled its intentions to spread wings, even before Google hinted at a pullout. The California-based Google ...
Property prices in China's 70 major cities climbed 7.8 percent in December from a year earlier, the fastest pace in 18 months, the National Development and Reform Commission (NDRC) said yesterday. It is also the seventh consecutive price increase since July 2009, and the growth rate is 2.1 percentage points higher than November, according to the NDRC. Ex...
Asian Development Bank (ADB) President Haruhiko Kuroda said Thursday China's move to raise the bank reserve requirement this week will help cool down the overheating real estate sector but will not undermine the country's strong recovery. The Chinese central bank announced late Tuesday that it is going to raise the deposit reserve requirement ratio by 0...
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