China maglev budget 'may double'
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The cost of extending Shanghai's maglev train line may be more than double the original budget, a report says.
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A controversial rail link has led to record numbers of tourists visiting Tibet, Chinese state media reports.
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BEIJING -- China's booming economy grew even faster last year than originally thought, the government said yesterday, as authorities made public another measure meant to rein in the growth they fear could create problems.
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Business & money: Overspend on Â£17bn programme to upgrade network could be more than double previous estimate.
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Growth in China&#39;s economy is expected to expand at a rapid rate in 2007, with inflation ticking higher to 3.2 percent, state media reported Friday, citing the central bank.
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Over half a million passengers could be  left stranded at a railway station in south China on Monday  ahead of the biggest holiday of the year after snow cut power  to more than 136 trains, state media said.
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China on Sunday took aim at price manipulators and hoarders of goods, as Beijing ramped up its campaign to rein in inflation which is running at its highest level in more than a decade.
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BEIJING, March 12--China reported that its trade surplus in February surged ninefold from the same period a year earlier to $23.76 billion -- one of the highest monthly totals ever -- as top Chinese government officials reaffirmed promises to take measures to try to halt the widening gap.
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China&#39;s spending on fixed assets such  as roads and power plants accelerated in the first five months  of the year, prompting predictions of imminent monetary  tightening to slow the world&#39;s fourth-largest economy.
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BEIJING -- China's military spending will jump 17.8 percent this year, the spokesman for the National People's Congress said today. Jiang Enzhu told a news conference that military spending would hit $44.94 billion in 2007 -- an increase of $6.84 billion over last year. Jiang said most of the money would be spent on boosting wages and living allowances for ...
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Hotel operator Marriott International Inc  said it planned to quadruple its hotels in China to 100 in the next five to six years to tap growing demand for tourism and business.
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Rail fares are set to rise by 4% on average next year, but some passengers will have to pay up to 7% more.
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Trains and planes are starting to  return to normal across China, but millions are likely to spend  the biggest holiday of the year without power and water in what  for some is the coldest winter in a century.
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China's economy should expand by 10.5 percent this year as an investment boom surges ahead despite tightening government controls, the country's top planner said in comments reported Monday by state media.
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China will boost military spending by 17.8 percent this year, a spokesman for the national legislature said Sunday, continuing more than a decade of double-digit annual increases that has stirred unease in Washington and some of China's neighbors.
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China's annual economic growth surged to an 11-Â½ year high of 11.9 percent in the second quarter, cementing expectations for tighter policy to keep the world's fastest-growing major economy from overheating.
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Chinese travelers stampeded train stations in their thousands as rail service resumed Friday, but authorities warned that the continuing snow storms would still crush the hopes of many people desperate to see their families during their only break of the year.