Automaker Chery opens plant in Venezuela

2011-09-02 10:55:35

Leading private Chinese automaker Chery has opened a plant in Venezuela amid efforts to expand its overseas market, the company announced Thursday.

Air China launches 2nd nonstop Beijing-LA flight

2011-09-02 10:54:47

The second daily nonstop flight between Beijing and the Los Angeles International Airport (LAX), operated by Air China, was launched amid a grand water cannon salute held Thursday.

Experts welcome China's WTO appeal

2011-09-02 09:20:44

Experts welcomed China's appeal of a ruling by the World Trade Organization (WTO) claiming that the nation imposed restrictions on exports of nine raw materials, saying the move helps protect local industry.

Oil plants feel the heat

2011-09-02 09:05:36

It took 300 firefighters and 50 fire trucks three hours to conquer the blaze on Monday at the Dalian plant of the China National Petroleum Corporation (CNPC).

Consumer prices likely to stay controllable: Official

2011-09-02 14:48:32

China's consumer prices will likely stay in a controllable range as more factors come into play to stabilize the country's overall price levels, the China Securities Journal quoted a central bank official as saying on Friday.

Quebec deepens ties with China

2011-09-02 14:24:51

The Plan Nord, or North Plan, a 25-year project aimed at responsible and sustainable development in Northern Quebec, Canada, wants more Chinese investment in the region's rich mining and renewable energy resources.

Home prices fall in major cities

2011-09-02 10:32:36

Property prices in China's first-tier cities declined 0.41 percent in August, the first month-on-month drop since September 2010, statistics released on Thursday by the China Index Academy show.

Economist gives tips on bridging urban-rural income gap

2011-09-02 13:23:31

Renowned Chinese economist Li Yining on Thursday called for allowing farmers to sell their houses or use their houses as loan guarantees amid other efforts for bridging a widening income gap between rural and urban areas.

Audit concerns provinces' debt-GDP ratio

2011-09-02 11:12:16

The debt-to-GDP ratio of China's southern island province of Hainan stood at over 45 percent last year, according to a recent audit, highlighting the elevated level of indebtedness some local governments face.

Chinese PMI rose in August

2011-09-02 11:08:55

China's manufacturing production rose slightly in August, ending a four-month period of consecutive declines.

60m out of tax net as new rules take effect

2011-09-02 10:58:17

Amended rules on personal income tax became effective on Thursday meaning that about 60 million Chinese will not be taxed on what they earn going forward.

SMEs face adverse conditions: Expert

2011-09-02 10:02:04

Financing difficulties, rising costs, and labor shortages have left China's small- and medium-sized enterprises (SMEs) with severe survival predicaments this year, said economic experts at an economic forum.