The new Beijing-Shanghai high-speed trains might lead to a 20 percent to 30 percent reduction in airline passengers on that route, China Business News (CBN) reported Monday, citing an aviation industry insider. “When the Beijing-Shanghai…
Category: Economy
BEIJING – By the end of last year, the families of 272,000 victims of melamine-tainted milk and dairy products had signed up for one-time compensation payments, said a compensation fund manager. At least six babies…
The country is to accelerate the development of thermal power and power grid projects in order to tackle the worst power shortage in years, said Liu Tienan, an official with the National Development and Reform Commission…
MOSCOW, June 10 (Xinhua) — The Shanghai Cooperation Organization (SCO), which celebrates its 10th anniversary this year, is still “young” but has remarkable achievements, according to a Russian expert. On the eve of the SCO…
The first cancelled initial public offering in the short history of China’s stock markets is being seen as a sign of maturation. But mainland markets remain closer to adolescence than adulthood and their growing pains…
China has broken ground on two economic development zones in North Korea, in a tentative sign that the authoritarian state is warming to Chinese-style economic reforms. China’s commerce ministry said on Thursday the countries…
BEIJING — China’s top economic planner, the National Development and Reform Commission (NDRC), said Wednesday that the central government has carefully defined the functions of regions at local levels with differentiated policies to sustain…
20% price drop expected in five years as use of energy source rises BEIJING – The price of solar power in China is expected to drop by 20 percent in the next five years…
BEIJING — China is expected to replace Japan as the world’s top consumer of luxury goods by 2012 due to its growing demand and the declining consumption in Japan, the World Luxury Association (WLA)…
It’s hard to argue that the rise of China, taken on the whole, is anything but good for the global economy. New wealth for China’s 1.3 billion people means 1.3 billion more people who…