China and the United States should enhance economic and trade cooperation rather than politicize economic issues, leading government officials said.
The country's top quality watchdog will establish a blacklist of businesses with shoddy practices that will be made available to the public, the State Council said in a meeting on Wednesday.
BEIJING / SHANGHAI - Louis Vuitton, Cartier and Hermes are the most popular luxury labels that wealthy Chinese reach for when giving gifts to friends and business contacts, with the Chinese liquor Moutai the only domestic brand among the top 10, a study of the nation's richest people has found.
A Chinese association representing private enterprises and individually-owned businesses announced Wednesday that the number of registered private companies in China had topped 9 million as of the end of September, up 14.9 percent year-on-year.
SHANGHAI - As this city tries to make itself into an international financial center in 2012, it will give support to Chinese commercial banks that want to set up headquarters here.
Maritime officials warn that China's coastline is increasingly at risk of oil spills and pollution from the booming offshore drilling and more oil shipping.
BEIJING - China's output of natural gas is expected to increase by 11 percent in 2012 to reach 113 billion cubic meters, the China Petroleum and Chemical Industry Federation said on Wednesday.
China's trade surplus narrowed further for the third consecutive year in 2011 to below $160 billion, while exports declined due to the European debt crisis and the sluggish US economy. 2012 trade deficit likely
China's trade volume with the emerging markets grew at a faster rate than with its traditional markets in 2011.
China will further encourage domestic logistics companies to acquire overseas distribution centers to "facilitate the nation's trade growth", said Wang Xuanqing
Loans to local governments through financing vehicles will be a major threat to China's economy, with up to 2.5 trillion yuan in debt falling due in 2012
China will set up an integrated system to control national energy use during the 12th Five-Year-Plan (2011-2015), a senior official said.