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Chinese News

Cell phone output in China expected to rise by 15%

　SHENZHEN -- A record 563 million cell phones will be manufactured in China this year, a rise of 27.4 percent from last year, according to a report from the Ministry of Information Industry.

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Shanghai banks set lending record
SHANGHAI: New loans by financial institutions in Shanghai reached a record high in the first three months as corporate capital demands and banks' lending intent remained strong, the central bank's Shanghai headquarters said yesterday.

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One satellite launched, and another repaired
It was a day of double delight for China's space industry yesterday - the country celebrated the launch of an oceanic survey satellite and the fixing of a malfunctioning satellite that was blasted off two months ago.

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Olympics set for family-style fun
Janusz Tatera, the counselor from the embassy of the Republic of Poland, and his family yesterday became the first foreigners to sign up for the "Olympic Families Tour Beijing" competition.

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20 missing in E. China ship collision
HANGZHOU -- A Chinese ship collided with a foreign cargo ship off the east China coast at around 4:00 a.m. Sunday. The foreign ship sank immediately and 20 crew members are missing, according to marine police in Taizhou city, in east China's Zhejiang province.

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PetroChina starts new round of gas price cuts
PetroChina, China's top oil producer and retailer, launched a new round of price cuts on retail gasoline in Beijing Sunday, a move that is expected to trigger fiercer competition in the sector.

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Switzerland eyes free trade deal with China
GENEVA - Switzerland is aiming to start talks to clinch a free trade agreement with China, Swiss Economics Minister Doris Leuthard said on Sunday.

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Mentally ill get emergency team
Beijing will establish a new emergency team, made up of police and health experts, to respond to disturbances by mentally ill patients.

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