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Investment Contributes Over 90% to China's GDP Growth: Investment accounted for 92.3 percent of China's Gross Domestic Product (GDP) growth in 2009, National Bureau of Statistics (NBS) announced Tuesday. Of the GDP growth of 8.7 percent last year, investment growth contributed 8 percentage points, said a statement on the NBS website. ...

China Should Increase Social Spending: China should further step up social spending to push forward reforms such as health care, welfare and education to sustain its economic growth, the Organization for Economic Co-operation and Development (OECD) said in a report on Tuesday. Although China's reforms have increasingl...

Hong Kong's December Monetary Supply M3 still up 10.5%: Hong Kong's unadjusted HK dollar M3, the broadest measure of monetary supply, shrank by 0.8 percent in December, but still expanded by 10.5 percent year on year, the Hong Kong Monetary Authority said Friday. Seasonally adjusted HK dollar M1, the narrower measure, declined by 0.2 ...

China Faces Arduous Task of Macro Economic Control Amid Rising Inflation Fears: China is facing more "arduous" task of maintaining sound and relatively fast economic growth in 2010 as macro-control would be more complicated amid rising inflation fears, the central bank said on Friday. "China faces daunting task of keeping stable prices, improving credit ...

Consumer Confidence Indicator Goes Further up in China: China's consumer confidence index, or CCI, reached a record high over the past 30 months at the beginning of 2010, with a sustained upward trend, according to a report released here Thursday. The report was jointly released by the world leading consulting company, Nielsen, and ...

China Plans to Put Local GDP Under Unified Calculation: China planed to put local gross domestic product (GDP) unde unified calculation in a move to prevent provinces from cooking their economic figures, a top official with the National Bureau of Statistics (NBS) said here Thursday. Ma Jiantang, minister of the NBS, said at the ...

China's Machinery Sector Reports Over 10 trln Yuan in Output Value Last Year: Both output and sales values of China's machinery industry exceeded 10 trillion yuan (1.46 trillion U.S. dollars) last year, the China Machinery Industry Federation (CMIF) said here Wednesday. Output value reached 10.75 trillion yuan in 2009, up 16.07 percent from the year ...

China's PPI up 4.3% in Jan.: The producer price index (PPI), a major measure of inflation at the wholesale level, rose 4.3 percent in January from a year earlier, the National Bureau of Statistics (NBS) announced Thursday. It quickened from 1.7 percent in December 2009 when the figure ended 12 months of ...

Rate of Inflation "Still Low": Central bank governor Zhou Xiaochuan said Tuesday China's inflation rate remains "relatively low", amid ongoing debate among officials and economists on when policymakers should raise interest rates to rein in rising inflation and asset prices. The inflation rate still needs to ...

China's CPI to Grow 3% in 2010: China's Consumer Price Index (CPI), a main inflation index, might climb 3 percent in 2010 year on year, according to a Wednesday report released by the China Construction Bank (CCB). It is not likely for China to see a rocketing inflation in 2010, while China might register a ...

China Reports 1.39 Trillion Yuan of New Loans in January: China's new yuan-denominated lending in January stood at 1.39 trillion yuan (203.5 billion U.S. dollars), down 14.2 percent from a year earlier, the People's Bank of China (PBOC, the central bank) said Thursday. In January last year, Chinese financial institutions issued a total ...

China's Inflation Rises Modestly, Pressure Remains: China's consumer price index (CPI), a indicator of inflation, rose 1.5 percent year on year in January this year, the National Bureau of Statistics (NBS) announced Thursday. "This is a modest rise and it is mainly caused by a hike in food prices," Fan Jianping, a senior economist ...

Sydney-Chongqing to Develop New Economic Partnership: Sydney's economic ties with China are set to grow through a new partnership with Chongqing City, Lord Mayor Clover Moore revealed on Tuesday. The Sydney-Chongqing Business Forum, to be held next week here, is aimed at developing and strengthening economic ties between the two ...

China, S Korea, Japan to Launch Joint Study on Trilateral Free Trade Deal: South Korea plans to launch a joint research with China and Japan on the feasibility of a free trade agreement (FTA) among the three Northeast Asian countries, South Korea's foreign ministry said Wednesday. According to a report by the ministry, the country, which has been ...

China's Forex Reserves Account for 30% of World Total: China's foreign exchange reserves hit 2.4 trillion U.S. dollars, accounting for 30.7 percent of the world's forex reserves, according to foreign media. It's said that with the recovery of the global economy in 2009, the national foreign exchange reserves will also see a ...

China's Retail Sales up 17% During Spring Festival: China's retail sales hit 340 billion yuan (49.8 billion U.S. dollars) during the "golden week" of Spring Festival, up 17.2 percent over the same period of last year, the Ministry of Commerce (MOC) said Friday. Boosted by various sales promotion activities, the weeklong Spring ...

China's Market Restrictions to End in 15 Years: China's stock markets are likely to be fully open to foreign investors within 15 years, according to a leading investment expert. Direct foreign dealing in Chinese stocks is currently restricted through the government's Qualified Foreign Institutional Investor (QFII) scheme. The ...

Government Foresight, Economic Growth Pattern Adjustment Saved China From Worst of Financial Crisis: The Chinese government's insight and the adjustment of the economic pattern were the two major factors helping China ride out the global economic downturn, scholars said here Sunday. Zhuang Fuling, professor of Renmin University, said the Chinese government made a correct ...

China's CPI to Rise Moderately in 2010: China's consumer price index (CPI), a main gauge of inflation, would probably only increase moderately in 2010, an official with China's National Bureau of Statistics (NBS) said here on Monday. Although China's CPI continued to climb in previous months, it was not likely to surge ...

China to Further Adjust and Reinvigorate Key Industries: State Council: China should further step up efforts to implement the plan to adjust and reinvigorate some of the country's key industries, according to an executive meeting of the State Council held on Wednesday. The meeting was chaired by Premier Wen Jiabao. Progress has been made in 2009 for ...

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