China’s gold consumption up 9.35 pct in 2012

China’s gold consumption up 9.35 pct in 2012

China’s gold consumption amounted to 832.18 tonnes in 2012, an increase of 9.35 percent from a year earlier, data from China Gold Association showed Saturday. Consumption of gold jewelry rose 10.09 percent year on year to 502.75 tonnes, while those of gold bars and gold coins gained 12.22 percent and 21.63 percent, respectively, to 239.98 […]

DPRK says it conducts 3rd nuclear test

DPRK says it conducts 3rd nuclear test

The Democratic People’s Republic of Korea (DPRK) said on Tuesday it has successfully conducted the third underground nuclear test, according to the official KCNA news agency. The test was part of the country’s “practical measures of counteraction” to defend its security and sovereignty against hostile U.S.policies, which it claimed have violated DPRK’s “rights to launch […]

Reservoir leak results in casualties in Xinjiang

Reservoir leak results in casualties in Xinjiang

A reservoir leak in northwest China’s Xinjiang Uygur Autonomous Region has left one dead and more than a dozen injured, rescuers said Saturday. The Lianfeng Reservoir in Kaziwan Village, located about 25 km from Urumqi, the regional capital, began to lose water around 6:10 a.m., sources with the reservoir administration said. Water gushed out and […]

Xi extends festival greetings to veterans

Xi extends festival greetings to veterans

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Wednesday extended Spring Festival greetings to military veterans. As a festive art performance was held for the veterans and ex-officers in Beijing, Xi, also chairman of the CPC Central Military Commission (CMC), attended the gathering and expressed his best wishes to […]

Damaging efforts of building friendly China-Japan ties is “political crime”: Niwa

Damaging efforts of building friendly China-Japan ties is “political crime”: Niwa

Former Japanese Ambassador to China Uichiro Niwa on Monday said that anything done by politicians which could damage the efforts of building a friendly relationship between Japan and China would be considered a serious “political crime”. Niwa made the comments in his speech given at Japan’s Foreign Correspondents’ Club where he gave four suggestions to […]

Police urged to improve service for Spring Festival travellers

Police urged to improve service for Spring Festival travellers

Police officers at all levels were urged to improve their work style and offer better services for travellers during the upcoming Spring Festival travel rush. Huang Ming, vice minister of public security, made the remarks during a televised conference on traffic management for the Spring Festival travel rush, which starts on Jan. 26. The Spring […]

Chinese premier calls for financial reform push

Chinese premier calls for financial reform push

Premier Wen Jiabao on Monday called for the government to push forward financial reforms. During a Monday inspection tour of the People’s Bank of China, the country’s central bank, Wen said efforts should be made to advance the market-based reform of interest rates and improve the yuan exchange rate formation mechanism. To gradually make the […]

China’s 2012 growth eases to 13-year low

China’s 2012 growth eases to 13-year low

China’s economy rebounded in the fourth quarter of 2012 but also recorded its first annual growth rate of less than 8 percent since 1999. China’s gross domestic product grew 7.8 percent year on year to reach 51.93 trillion yuan (8.28 trillion U.S. dollars) last year due to both external and domestic factors, data from the […]

China, India agree to strengthen military ties

China, India agree to strengthen military ties

Chinese and Indian senior military officials met in Beijing Monday and agreed to strengthen ties. Xu Qiliang, vice chairman of China’s Central Military Commission, met with Indian Defense Secretary Shashi Kant Sharma. Xu said China and India, being the biggest developing countries in the world, are important neighbors for each other. He noted that the […]

China’s 2012 growth at 7.7%: official

China’s 2012 growth at 7.7%: official

China’s economic growth may have outstripped the government target to hit 7.7 percent in 2012, an official from the National Development and Reform Commission (NDRC) said on Friday. In view of current situations, an upcoming release of key data for 2012 may show the economy’s gross domestic product (GDP) growth reached 7.7 percent last year, […]