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China's Gini coefficient, a standard measure of a country's overall income inequality, rose to 0.473 in 2004 from 0.4 in 1993, according to a report by the Asia Development Bank (ADB) released yesterd...

Let the party begin. The Beijing Olympics are just a year away.Sprawling Tiananmen Square was the center of celebrations for thousands of ordinary Chinese and hundreds of Olympic officials as countdow...

Chengdu Aircraft Industrial (Group) Co Ltd (CAC), a company affiliated with China Aviation Industry Corp I (AVIC I), yesterday signed a US$300-million manufacturing contract with Vought Aircraft Indus...

COSCO Asia docks at Tianjin Five Continents International Container Terminal in northern China on August 8, 2007. [Photo: Xinhua]Asia's first 10,050-TEU container vessel, named COSCO Asia, which is do...

Militants freed eight foreign hostages, six Russians, one British and one Bulgarian in Nigeria's southeastern oil-rich Niger River Delta, local police said on Wednesday in Port Harcourt, the capital c...

UNITED NATIONS, Aug. 8 (Xinhua) -- UN Secretary-General Ban Ki-moon welcomed on Wednesday the announcement of a planned summit meeting later this month between the leaders of the Democratic People's R...

An Indian filmmaker is remaking “Casablanca,“ swapping the Rick's Cafe of the Oscar-winning classic for a restaurant in south India, and the World War Two backdrop for the ethnic conflict in Sri L...

Nicole KidmanOscar-winning Australian actress Nicole Kidman is to star in a Hollywood remake of Colombian horror film “Al Final Del Espectro,“ it was reported Wednesday.The 40-year-old star of ...

A man passes a billboard in Shanghai. The Chinese advertising market is forecast to grow to 200 billion yuan in 2008 because of the boost from the Olympic Games, from 160 billion yuan last year. The c...

Wang Zhaowen, spokesman for the Bank of China, told Xinhua on Wednesday that news reports chronicling the bank's involvement in the US mortgage crisis contained statement which were both inaccurate an...