Chinese consumer confidence drops in June

Chinese consumers’ confidence dropped in June largely due to rising food prices, according to an index released on Monday. The Bankcard Consumer Confidence Index (BCCI), compiled by Xinhua News Agency and China UnionPay, a national…

China, Serbia pledge to expand economic cooperation

China and Serbia, enjoying growing trade and investment ties in recent years, on Monday pledged to further expand bilateral economic cooperation in the years ahead. Visiting senior Communist Party of China (CPC) official He Guoqiang…

China launches new data relay satellite

China blasted off a new data relay satellite “Tianlian I-02” on Monday at the Xichang Satellite Launch Center in southwest Sichuan Province. The satellite was launched on a Long March-3C carrier rocket at 11:41 p.m….

Working with banks in China can be a minefield

As multinational companies (MNC) look to establish and build successful businesses in mainland China, they face a number of hurdles, including understanding local regulations and working with new banking partners. Many will choose to leverage…

All aboard, but still grounded

Airlines which load passengers only to keep them waiting for hours on the tarmac before takeoff will come under increased scrutiny in the second half of the year, said civil aviation authorities. At the same…

Past six decades were good for Tibet: report

BEIJING – The latest environmental reports show that there is hardly any pollution of either the air or water in Tibet, according to a white paper issued on Monday. Tibet has basically maintained its original…

Chinese pork prices expected to stabilize

Prices of pork, the most consumed meat in China and also the main contributor to its rising inflation, are expected to stabilize by August, an official said. Wang Zhicai, the Agriculture Ministry’s director of animal…

China to Tighten Limits on Rare Earth Exports

China’s commerce ministry announced on Tuesday in Beijing a steep reduction in export quotas for rare earth metals in the first months of next year, a move that threatens to cause further difficulties for manufacturers already struggling…

Pork price hits record high in China

The price of pork, a staple of the Chinese diet, hit a new high in China this month due to rising costs and short supply, state media said on Tuesday, amid persistent concerns about soaring…