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China on Thursday warned that the rich nations should not "shift and shirk" responsibility on climate change, and urged them to provide developing countries with funds to deal with the global issue. "According to the United Nations Framework Convention on Climate Change (UNFCCC), developed countries have responsibility to offer financial support to all de...
Pakistani President Asif Ali Zardari has praised China's invaluable assistance and support for the Gwadar Port project in southwestern Pakistan's Balochistan. During a meeting on Thursday with Sun Ziyu, president of China Harbor Engineering Company, Zardari said China's support to the port project has contributed a lot towards socio-economic developmen...
The Ministry of Industry and Information Technology (MIIT) announced a draft of new regulations for entry criteria into China's iron and steelworks sectors on Dec 9 – the first time the government has imposed minimum entry requirements for the industry. The new regulations include six minimum standards. Among them are requirements for environmental...
China Unicom's high pricing strategy for Apple Inc's smartphone seems to have paid off at least for now after the company reported better-than-estimated iPhone sales yesterday. Industry analysts are, however, skeptical on whether the gamble would pay off in the long run as they expect sales to taper after the initial enthusiasm wanes. To date, China U...
China, the world's largest maker and consumer of steel products, fired back yesterday at the United States for its anti-dumping measures against Chinese steel exports, launching its own punitive taxes on steel from US as well as Russia. The Ministry of Commerce said yesterday on its website that US and Russian steelmakers must pay anti-dumping duties as ...
China's industrial output rose 19.2 percent in November from a year earlier, according to the National Bureau of Statistics (NBS). The increase rate was 13.8 percentage points higher from a year earlier and 3.1 percentage points higher than October, the NBS said Friday. The increase has accelerated for seven successive months. Source: BizChin...
China's consumer price index (CPI), a main gauge of inflation, increased 0.6 percent year-on-year in November, ending nine months of decline, the National Bureau of Statistics (NBS) said Friday. The CPI figure declined 0.5 percent in the previous month and increased 2.4 percent in last November. The producer price index (PPI), a major measure of inflat...
The State Council, the nation's top administrative authority, said the country will push to boost consumer spending in line with a strategy laid out at the recent Central Economic Work Conference. The top cabinet will also raise the cost of second-hand house transactions in a move that analysts said is aimed at curbing speculative housing deals that have...
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