Yuan appreciation rate needs to be reined in

  Bowing to pressure from home and abroad, China’s currency has climbed to new highs against the US dollar since the central bank’s pledge to allow the yuan to appreciate further in June 2010. One…

Markets down for 2nd week running

  The Chinese mainland’s benchmark Shanghai Composite Index ended four of its five trading days last week down, with a week-on-week drop of 2.30 percent to 2,642.82 points, the lowest closing point since September 29,…

Cities rein in home prices

  BEIJING – More Chinese cities have seen month-on-month declines in the prices of both new and secondhand homes, according to the National Bureau of Statistics (NBS) on Saturday.  The NBS said in a statement…

Film industry faces challenges in storytelling

SHANGHAI — The prosperity of China’s film industry became apparent last year, but insiders believe the sector still faces challenges stemming from a lack of production talents and substandard narratives.  The film industry recorded 10…

Governance must reflect changing reality: Hu

  China, Russia agree to increase annual trade to $200 billion by 2020  ST. PETERSBURG, Russia – President Hu Jintao on Friday called for a greater representation for developing countries, while stressing the necessity to…

Developers seek profits below the surface

  BEIJING – With the volume of home sales continuing to fall amid strict measures aimed at tightening the property market and lowering house prices, some real estate companies are trying to dig their way…

Govt gets earful of tax suggestions

  BEIJING – Only 15 percent of respondents expressed satisfaction at a proposed new income tax threshold.  The proposed increase, which was put online to gauge public opinion, received responses from more than 82,000 people. …

Prof.He Zehui passed away for sickness yesterday

He Zehui,known as China’s Madame Curie and who is the widow of China’s Father of A-bomb Qian Sanqiang (1913-92),passed away for sickness yesterday in Beijing, at the age of 97 years old. He Zehui with her…