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China Daily Website

  • China accounts for 9.5% of world total GDP

    2011-03-25 10:31

    China's gross domestic product (GDP) accounted for 9.5 percent of the world's total in 2010, nearly double the five percent in 2005, said the National Bureau of Statistics (NBS) on Thursday.

  • Manufacturing growth quickens

    2011-03-25 09:54

    China's manufacturing growth is accelerating, according to preliminary data from a survey of purchasing managers, signaling the economy may withstand increased interest rates.

  • $28 m misused in railway project

    2011-03-24 14:46

    At least 187 million yuan ($28 million) has been misappropriated by individuals or companies involved in building the Beijing-Shanghai high-speed railway, the National Audit Office (NAO) said in a report released on Wednesday.

  • HK records $3.85b balance of payments surplus for Q4

    2011-03-23 13:10

    Hong Kong recorded HK$30.1 billion ($3.85 billion) in its balance of payments account in the last quarter of 2010, representing 6.3 percent of gross domestic product. 

  • Hong Kong CPI rises 3.7% in February

    2011-03-23 11:19

    Hong Kong's overall consumer prices in February rose by 3.7 percent over the same month a year earlier, slightly higher than the 3.6 percent increase in January.

  • Chinese SOEs net profits jump 30.2% in Jan-Feb

    2011-03-23 11:15

    China's centrally-administered State-owned enterprises (SOEs) reported a net profit of 131.94 billion yuan ($20.11 billion) in the January-February period, up 30.2 percent year on year, the country's SOEs regulator said Tuesday.

  • Micro-credit companies mushroom to over 2,614 in China

    2011-03-23 09:36

    Micro-credit companies mushroomed in China in recent years, China's central bank said Tuesday. The number of micro-credit companies increased to 2,614 by the end of 2010, from fewer than 500 in 2008.

  • ODI 'set to grow' despite setbacks

    2011-03-23 09:26

    China's overseas direct investment (ODI) is on a long-term upward trend despite a recent slowdown, partially due to political unrest in some African countries, Yao Jian, Ministry of Commerce spokesman, said on Tuesday.

  • China Life says net profit up 2.3% in 2010

    2011-03-23 09:19

    China Life, the nation's largest life insurer, said Tuesday its net profit rose 2.3 percent year on year to 33.63 billion yuan ($5.10 billion) in 2010. 

  • China Telecom Q4 profit up 5%

    2011-03-22 17:44

    China Telecom, the smallest of the country's three wireless carriers, matched expectations to report a 5 percent rise in fourth-quarter net profit, helped by rising revenue from mobile and broadband services.

  • Guangdong's foreign trade up nearly 36%

    2011-03-22 17:38

    South China's Guangdong province generated $125.42 billion in foreign trade in the first two months of this year, a growth of 35.5 percent on the same period of last year, the local customs house said Tuesday.

  • Newly signed overseas contracts down 5% in Jan-Feb

    2011-03-22 17:31

    The total value of China's newly signed overseas contracts fell 5 percent year-on-year to $17.76 billion in the first two months, said Yao Jian, spokesman of the Ministry of Commerce, Tuesday.

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