SMEs face difficulty despite boost in GDP

SHANGHAI – The steady increase in gross domestic product (GDP) in the second quarter does not mean that the challenges for small- and medium-sized enterprises (SMEs) are less, analysts and entrepreneurs said. According to data…

Migrants to move into cheap public housing units

SHANGHAI/BEIJING – Migrant workers with low incomes can apply to live in cheap public housing in Shanghai as part of city officials plan to help them cope with the increasing cost of rent, officials announced…

Joy in talks to buy China’s Int’l Mining

NEW YORK – Mining equipment maker Joy Global Inc is in talks to buy China’s International Mining Machinery Holdings Ltd,a maker of coal-mining equipment, according to a Bloomberg report. A deal could be announced this…

Property investment still hot

Sector rises 32.9% year-on-year to $407b despite tighter regulations BEIJING – Despite rigorous policies to curb real estate speculation, property investment in China continued its rapid growth in the first half year, fueled by the…

Consumption set to gradually rise

Experts say better welfare system would lead to increased spending SHANGHAI – China’s household consumption rate will rise gradually, and experts said the government should improve the welfare system to increase consumers’ willingness to spend….

Western Europeans say China will overtake US

WASHINGTON – A new poll finds that most Western Europeans believe that China has either supplanted or will supplant the US as the world’s leading power. The findings are part of a 22-nation poll released…

Land violations

The Ministry of Supervision and its land and resources counterpart are right when they require local leaders to learn the lessons from past mistakes and do a better job after they meted out administrative disciplinary…

A good omen for Sino-US relations

Following the visit of General Chen Bingde, chief of General Staff of the People’s Liberation Army (PLA), to the United States in May, Admiral Mike Mullen, chairman of the US Joint Chiefs of Staff, paid…

CPC recharged for the future

China celebrated the 90th anniversary of the founding of the Communist Party of China (CPC) earlier this month; in fact, the celebrations continue. The history of the CPC is the history of modern China. The…