BEIJING (AP) — China‘s inflation fell further in July, giving the government more room to stimulate weak growth amid mixed signals about whether the world’s second-largest economy is recovering from a painful slowdown. Politically sensitive consumer prices rose 1.8 percent, down from the previous month‘s 2.2 percent and well below last year’s highs, data...
China on Wednesday launched a trading platform for rare earth metals, state media reported, as it moves to boost its pricing power over the strategic resources for which it dominates global production. China’s leading producer of rare earths, Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co., started the platform in cooperation with nine other...
China may set new property controls as early as this month after the central government’s inspection team returns to Beijing, the official China Securities Journal reported today. The government has some room to issue more policies, including raising the transaction tax on existing homes and expanding a property tax trial, the newspaper reported, without...
LONDON, (Reuters) – China completed a sweep of all the Olympic table tennis golds on Wednesday when their men stormed to victory over South Korea to clinch the team title on the closing day of the London Games tournament. The heavily favoured Chinese defended their 2008 title by beating South Korea 3-0 to pick...
BEIJING (AP) — “Avatar” director James Cameron‘s company is launching a joint venture in China to market its 3-D technical wizardry to the country’s fast-developing film and television industries. Cameron Pace Group‘s announcement Wednesday comes as the fast growth of China‘s film market is attracting Hollywood studios that are rushing to link up with...
Tourists walk in the wind and rain on the Bai Causeway of the West Lake in Hangzhou, capital of east China’s Zhejiang Province, Aug. 8, 2012. Typhoon Haikui brought downpours and floods to east China after landing in Hepu Town of Zhejiang’s Xiangshan County early Wednesday morning. (Xinhua/Long Wei) HANGZHOU (Xinhua) — Typhoon Haikui,...
BEIJING (Reuters) – China‘s industrial output and fixed-asset investment are expected to show signs of picking up in data on Thursday, indicating that the economy is starting to stabilize after sliding for six straight quarters. An expected drop in consumer inflation to a 30-month low will suggest the central bank has scope to ease...
Hong Kong (CNN) — China will cut production of rare earths — minerals vital for technology makers worldwide — by 20%, a move that threatens to inflame trade tensions between Beijing and Washington. Rare earths are 17 minerals with magnetic and conductive properties that are used in most of today’s electronic devices, including flat-screen...
