Bilateral trade between China and South Africa grew 56.1 percent in the first six months this year, with a total trade value of 10.81 billion U.S. dollars.

South African President Jacod Zuma arrived in Beijing yesterday, starting a four-day visit to China, aiming at strengthening business ties and broadening political and cultural relationship.

China is expected to become a net exporter of auto vehicles during the 12th “Five-Year” plan (2010-2015).

China is expected to become a net exporter of auto vehicles during the 12th “Five-Year” plan (2010-2015), a government official said Sunday.

During the past five years, China’s auto export has witnessed a rapid development with the value of export reached 28.6 billion U.S. dollars in 2008 from 14.4 billion U.S. dollars in 2006.

Net profit for the first six months was 70.78 billion yuan while net interest income rose 14.96 percent to 117.8 billion yuan during the same period.

China Construction Bank, the country’s second largest lender on Monday announced its first-half net profit climbed 26.75 percent from a year earlier driven by its businesses expansion.

The eighth draft amendment of Criminal Law eliminates capital punishment for 13 economy-related non-violent offences, a drop of 19.1 percent.

China is considering eliminating capital punishment for 13 economic, non-violent crimes in its eighth amendment to the nation’s criminal law, Xinhuanet said Monday.

The number represents 19.1 percent of the total 68 crimes now punishable by death.

China's consumer product index in August is likely to exceed 3.3 percent for July, the highest level the country has seen this year.

China’s consumer product index (CPI) for August is likely to exceed 3.3
percent for July, the highest level the country has seen this year, while for
the rest of the months of the year, inflationary pressures would be eased,
Xinhuanet reported Sunday citing Lian Ping, chief economist at the Bank of
Communications.

The Chinese Loan Syndications and Trading Association said Sunday the outstanding syndicated loans of its 49 members had reached 2.08 trillion yuan by the end of June

The Chinese Loan Syndications and Trading Association (LSTA) said Sunday the
outstanding syndicated loans of its 49 members had reached 2.08 trillion yuan
($306.3 billion) by the end of June, Xinhua reported.

»China Construction Bank Corp., the country’s second-largest lender by market value, said Sunday its second-quarter profit climbed 20 percent from a year ago, as demand for loans and other financial services is growing.

»Net profit for the second quarter stood at 35.6 billion yuan, compared with 29.6 billion yuan in the same period of last year, shows the results.

»China Sinopec, the largest oil refiner in Asia said Monday its second-quarter profit declined 10.5 percent to 19.68 billion yuan.

»Despite the fall, the profit is still beat Reuters’ expectations of 17.52 billion yuan.

»The company posted a net profit of 35.46 billion yuan for the first half of the year, up 6.7 percent year-on-year, according to a statement filed to the Shanghai Stock Exchange.

»Dongfeng Automobile, one of the “top 4” domestic automakers, said on Friday its first-half net profit surged 203.25 percent from a year ago to 3.82 billion yuan.

»Operational revenue in the first six months was 9.68 billion yuan, an increase of 46.87 percent year-on-year. The company sold 148,000 vehicles during the same period, up 56.4 percent.

»A total of 16 people have been killed and other 66 are missing in the latest spate of landslides triggered by heavy rain in Sichuan Province since August 13, local official said Friday.

»As of 17:00 p.m. August 19, 16 people were dead and 66 were missing, an official with the emergency response office told a news conference. 5,760,000 people were affected by the rains and mudslides, covering 67 counties or cities.