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Cross-Straits Agreement to Boost Ties

An economic cooperation framework agreement (ECFA) between Taiwan and the mainland will mean much more than lower tariffs, Taiwan Stock Exchange Corp (TWSE) Chairman Schive Chi told China Daily in an exclusive interview. "Market attention has been focusing on the features of a ...

Cross-Strait Economic Pact's Expert Talks Achieve Positive Results

The Chinese mainland and Taiwan reached "a series of agreements" for a long-awaited economic pact during a second round of expert-level talks, according to a statement released Thursday after the meetings. During the two-day talks in Tashi, Taoyuan County, the two sides exchanged ...

HK, Japan Reach Agreement on Income Tax

The Government of the Hong Kong Special Administrative Region of the People's Republic of China ( HKSAR) and the Government of Japan reached an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, according to a news ...

China's PMI of Non-manufacturing Sector Rises to 58.4% in March

China's Purchasing Managers' Index (PMI) of the non-manufacturing sector rose to 58.4 percent in March, a rebound of12 percentage points from February, when the index fell below the boom-bust line of 50 percent for the first time since a year earlier, an industrial association ...

China Takes Gradual Approach to Financial Liberalization

The People's Bank of China says the country will be more open to foreign capital this year even though the prospect of a strong economic recovery is still unclear. Although the impending withdrawals of various countries' economic stimulus packages may also complicate the efforts ...

Key Economic Indicator in Japan Improves for 11th Straight Month

Japan's coincident index, the broadest indicator of the condition of the nation's economy, improved by 0.4 percent in March, statistics released by the Cabinet Office on Tuesday. The index, which combines data such as retail sales and manufacturing, stood at 100.7 according to ...

Key Inflation Gauge Likely to Slow Down in March

China's consumer price index (CPI), the main measure of inflation, may slow down in March despite the upward pressure from the recent drought in the southwestern regions, analysts and officials said. In February, the key gauge of inflation rose by a stronger-than-expected 2.7 ...

China to unveil new overseas investment policy

China will unveil a new policy Wednesday to attract overseas investment, a leading official from China's top economic planning agency said at the Boao Forum for Asia Saturday. This policy will be jointly announced by three government departments at a press conference Wednesday, ...

China faces energy challenges in switch to low-carbon economy

China has made significant efforts to pursue energy and resource efficiencies to achieve sustainable development, while the nation still faces challenges in the transition to a low-carbon economy and needs integrated solution systems. "China is already a world leader in critical ...

China Central SOEs' Number Cut Down to 126

The number of China's centrally-administered state-owned enterprises (SOEs) has been reduced to 126, according to a statement of the State-owned Assets Supervision and Administration Commission (SASAC). With the State Council's approval, Shanghai Institute of Pharmaceutical ...

China's Busy Port Traffic Points to Strong Economic Recovery

The third and fourth quarters are normally peak seasons for Chinese ports. This year, though, the busy season started in the first quarter, suggesting the nation's robust economic recovery is continuing. "We have been quite busy in the last two or three months," said Guan Hui, ...

20 new urban rising stars in China

Tianjin: A key player in the Bohai Bay economic zone, a manufacturing and shipping center in North China, with per capita GDP exceeding 62,000 yuan ($9,082) in 2009. Qingdao: A shipping center and seaside resort city, with per capita GDP exceeding 65,000 yuan in 2008. Hangzhou: A ...

ADB Hikes China GDP Forecast

The Asian Development Bank (ADB) on Tuesday lifted its forecast for China's 2010 gross domestic product (GDP) growth, but said the figures may cool slightly in 2011 due to monetary tightening measures. The bank lifted its 2010 GDP growth forecast to 9.6 percent, compared with 8.9 ...

China's PPI Rises 5.9% in March

The producer price index (PPI), a major measure of inflation at the wholesale level, rose 5.9 percent in March from a year earlier, the National Bureau of Statistics (NBS) announced here Thursday. China's PPI went up 5.2 percent year on year in the first quarter, said the NBS.

China's CPI Rises 2.4% Year on Year in March

China's consumer price index (CPI), the main gauge of inflation, rose 2.4 percent year on year in March, the National Bureau of Statistics (NBS) said Thursday. The figure was down 0.7 percent compared from the previous month, and for the first quarter, up 2.2 percent from the ...

China's Fiscal Revenue Posts 34% Increase in Q1

China's fiscal revenue rose 34 percent year on year to 1.96 trillion yuan (287 billion U.S. dollars) in the first quarter, boosted by rising tax revenues, the Ministry of Finance (MOF) announced Thursday. The rise was also a result of a lower comparison base for the same period ...

China's GDP Grows 11.9% in Q1, Fueling Overheating Fears

China's economy expanded 11.9 percent year on year in the first quarter, indicating a solid recovery of the world's third largest economy, but also fanning concerns of asset bubbles. The gross domestic product (GDP) in the first three months totaled 8.07 trillion yuan (1.19 ...

Income of China's Urban, Rural Residents Continues to Increase in Q1

The income of China's urban and rural residents continued to increase in the first quarter, data from the National Bureau of Statistics (NBS) showed Thursday. In the first three months of the year, per-capita disposable income for urban people hit 5,308 yuan (778.3 U.S. dollars), ...

China Sets Foreign Trade Goal Over Next Decade

A research report of China's foreign trade sector Sunday predicted the world's largest exporter would more than double its foreign trade volume by 2020. It also called on China to improve the quality of foreign trade sector and to lower import tariffs to promote the nation's ...

China Ran Surplus Under Current, Capital Accounts in 2009

China continued to run a surplus both under current account as well as capital and financial accounts last year, the State Administration of Foreign Exchange (SAFE) said Monday. The surplus under current account totaled 297.1 billion U.S. dollars, down 32 percent year on year, ...
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