Henan breeds colorful, drought-resistant wheat

2011-06-02 16:55:12

In central China's Henan province, the wheat is colorful and also drought-resistant.

Beijing underground street development has big potential

2011-06-02 16:32:27

There is big room for Beijing to develop underground shopping center and the underground street will bring great business opportunities, said Shigetaka Sato, chairman of the Osaka Chamber of Commerce and Industry (OCCI) in an interview with Xinhua correspondent on Thursday.

Drought unlikely to push up grain prices

2011-06-02 15:44:12

The worst drought in half a century in China will not push up grain prices drastically, but paddy rice growth will be affected, experts say.

Consumer spending to nearly double in 2015

2011-06-02 15:38:00

Consumer spending in China is expected to nearly double by 2015 in the retail sector, according to a report released Wednesday by the Chinese Academy of Social Science (CASS).

Three Gorges Dam should not be blamed for China's drought

2011-06-02 15:01:43

The Three Gorges Dam, the world's largest hydroelectric project, should not be blamed for the lingering drought in south China, a government official said.

High-speed trains will have floating ticket prices

2011-06-02 14:44:40

The Ministry of Railways will publish a new national train schedule on July 1, which will add 195 routes and implement floating ticket prices for the China Railway High-Speed (CRH), the Beijing Youth Daily reported on Thursday.

China creates market for Russia energy exports

2011-06-02 14:14:27

China's rapid economic growth creates a huge market for Russia's energy exports, said Chinese Vice-Premier Wang Qishan on Wednesday.

Mid-year slowdown needed

2011-06-02 14:09:17

Less speedy manufacturing growth is the latest sign that China may be entering a new phrase in its hard fight against soaring inflation.

Central bank to sell 38b yuan bills Thursday

2011-06-02 14:08:57

China's central bank said on Wednesday that it would auction a combined 38 billion yuan ($5.9 billion) of three-month and three-year bills on Thursday, stepping up its money market operations as liquidity conditions have improved.

Alibaba's Ma advises Yahoo: break up

2011-06-02 14:03:48

Alibaba founder Jack Ma didn't shed new light on his negotiations with Yahoo Inc and Softbank during an appearance at a conference on Wednesday, but he did offer some unexpected advice for Yahoo.

Shanda Games in acquisition talks with social, mobile

2011-06-02 13:57:42

China's third-largest online game operator Shanda Games is in acquisition talks with some social and mobile gaming firms in the United States and Asia, its chief executive said on Wednesday.

RMB's bumpy road ahead

2011-06-02 13:41:13

The RMB's internationalization seems to have been progressing without anyone really noticing. The key remaining questions concern whether or not the RMB will become an important international currency anytime soon, and whether it is poised to pose a serious challenge to the US dollar's domination of the international monetary system.