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China Gropes for Solutions to SME Financing Difficulties: China's small and medium-sized enterprises (SMEs) are facing an alarming credit and economic crisis that, by one estimate, has driven at least 20 percent of them to the wall since the global financial crisis began. Officially the numbers are relatively low, and Minister of ...

China to Curb Overcapacity, Boost Low-carbon Economy: [object Object]

China's Thirst for Mergers Barely Affected by Crisis: Chinese companies continued to snap up acquisitions abroad at a strong pace this year in spite of fears at the start of 2009 that the global economic crisis would force them to ease back on outbound mergers and acquisitions. The companies were involved in an aggregate $46bn of ...

China to Continue Promoting Inbound, Outbound Investment: [object Object]

China's Power Consumption Grows 6% in 2009: China's electricity consumption in 2009 grew 5.96 percent year on year to 3.643 trillion kilowatt-hours (kWhs), the National Energy Administration (NEA) said in a statement on its 6Jan. The growth rate was 0.47 percentage points higher than that in 2008. Consumption in the ...

China's Central Bank to Use Policy Tools to Manage Inflation, Property Risks: [object Object]

China, ASEAN Mark FTA with Grand Ceremony: China and the Association of Southeast Asian Nations (ASEAN) on Thursday held a ceremony marking the establishment of world's largest free trade area of developing countries. "Let's take the FTA as an opportunity to lift China-ASEAN relations to a new high," Huang Mengfu, vice ...

China's Business Climate Index up in Fourth Quarter: China's business climate index, a major measurement of macro-economic outlook, rose 6.2 points in the fourth quarter from the previous quarter, the National Bureau of Statistics (NBS) said Friday. The quarterly business climate index climbed from 124.4 in the third quarter to 130...

Beijing's per Capita GDP Estimated to Exceed $10,000 in 2009: The annual per capita GDP in Beijing was expected to top 10,000 U.S. dollars in 2009 as the national capital expected an over 9.5 percent economic growth for the same year, said an official with the municipal economic planning agency Thursday. Beijing expected to rake in ...

China's 2009 Fiscal Revenue Expected to Surpass $1 trillion: China's 2009 fiscal revenue was estimated at 6.85 trillion yuan (just over 1 trillion U.S. dollars), an increase of 11.7 percent over a year earlier, Finance Minister Xie Xuren said here Sunday. Xie also said the budget of public investment in 2010 from the central government was ...

China to Consolidate Economic Growth Tempo: China will consolidate its economic growth tempo in 2010 after the momentary deceleration of its economy in 2009, a Cuban expert said Sunday. Eduardo Regalado, an expert with the Asia and Oceania Studies Center (CEAO), told local daily Juventud Rebelde that China's main task in ...

China's Economic Growth to Hit 9% This Year: China's economic growth would hit 9 percent in 2010 with exports making bigger contribution to it, a senior economist said here Monday. Ma Jun, Deutsche Bank Greater China chief economist, said at an investment forum that exports would play a bigger role in boosting China's ...

Hong Kong Economy Forecast to Grow 4% to 5% in 2010: The Hong Kong Special Administrative Region (HKSAR) government in November revised its full-year economic forecasts upward to a contraction of 3.3 percent. The HKU forecast for the fourth quarter represented a downward revision from the university's previous forecast of 1.0 ...

Shanghai Targets Economic Growth Rate of 8% in Expo year: Shanghai has set a GDP growth rate target for the year of more than 8 percent, almost the same as 2009's economic development rate. Party Secretary Yu Zhengsheng yesterday announced the target at a one-day session of the Shanghai Committee of the Communist Party of China. He ...

China Expects Moderate Growth in Export of Mechanical, Electrical Products: China's export of mechanical and electrical products would see a moderate growth in 2010 thanks to the gradually improving external demand, an official with China's Ministry of Commerce (MOC) said Tuesday. Zhang Ji, director of the department of mechanic, electronic and hi-tech ...

Chinese Economy in Fast Lane, Challenges Remain in 2010: China's economy is forecast to be in the fast lane in 2010, but mounting difficulties are still on the way ahead, leading economists told Xinhua. RAPID GROWTH FORECAST "The investment and economic growth have gained great momentum, and China's gross domestic product (GDP) is ...

Economic Stability Boosts CIC: China Investment Corporation (CIC), the nation's 300 billion U.S. dollars sovereign wealth fund, may gain more than 10 percent from its investments last year on the back of the global financial market and economic stability, a source close to the fund said. "Though the total ...

China's Annual Tax Revenue up 9% to $928 bln: China's tax revenue reported an annual increase of 9.1 percent to 6.31 trillion yuan (928 billion U.S. dollars) last year, said a statement posted Friday on the website of the State Administration of Taxation. Tax revenue excludes tariffs, tonnage dues, farmland use tax and ...

China's Forex Reserves Near $2.4 trln: China's foreign exchange reserves almost hit 2.4 trillion U.S. dollars by the end of 2009, up 23.28 percent year on year, the People's Bank of China, the central bank, announced on Friday.

Shanghai Sees Further Recovery in Foreign Trade Last Month: China's economic hub Shanghai in December posted the first year-on-year growth in both imports and exports in 14 months, indicating further recovery from the economic downturn, local customs said Sunday. Last month, Shanghai's foreign trade stood at 30.7 billion U.S. dollars, a ...

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Lucrative golf industry lures stiff competition: Two models stand beside golf equipment and bags at a recent golf ...

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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