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China has Promising Growth Prospects

China has promising growth prospects and should not be blamed for world imbalances, says Danny Quah, a renowned British economist. "Emergency financing that was placed in the Chinese economy to counter the downturn from the 2008 global financial crisis was the right thing...The ...

Chinese, Mongolian Leaders Agree to Boost Ties, Cooperation

Visiting Chinese Premier Wen Jiabao and Mongolian President Tsakhia Elbegdorj vowed to boost bilateral ties and cooperation during a meeting here Wednesday. Wen said China and Mongolia share a long borderline, which has become a bond of common interests and friendly cooperation. ...

China's Central Bank to Promote Yuan Settlement in Xinjiang Trade

China's central bank will push forward yuan settlement in cross-border trade and investment in the western Xinjiang Uygur Autonomous Region, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), said Tuesday. Zhou said it was one of PBOC's important moves amid the ...

China's Economic Planner Rejects Stagflation Risk Report

China's National Development and Reform Commission (NDRC), the top economic planner, refuted a report on Friday claiming China is facing stagflation risks, arguing the national economic growth might slow slightly but stagflation is not going to occur. The NDRC response followed ...

Growing Confidence in Shanghai Market

The thinking and behavior of investors gives shape to the bottom of the market and its recovery. Markets react more quickly to economic developments because they efficiently aggregate the changing emotions of millions of investors. Fundamental data and economic reports rely on ...

Central China Offers Tax Holidays for Foreign-funded R&D Centers

Central China's Henan Province has made favorite policies to encourage foreign companies to set up research and development (R&D) centers in the province. Multinational corporations will receive government subsidies of 1 million yuan (147,000 U.S. dollars) for provincial, and 2 ...

HK's Port Cargo Throughput up 20% in Q1

The Hong Kong Census and Statistics Department said Monday the first quarter of 2010 saw the total port cargo throughput grow to 62.8 million tonnes, up 20 percent over a year earlier. Inward port cargo rose 18 percent to 36 million tonnes and outward port cargo surged 23 percent ...

Chinese Banks' Forex Surplus Tops $92 bln in Q1

The surplus of Chinese banks' foreign exchange purchases to sales in transactions with clients in the first quarter stood at 92.7 billion U.S. dollars, the State Administration of Foreign Exchange (SAFE) announced Tuesday. The figure did not include the amount from bank's own ...

China's Central Bank Restates Relatively Easy Monetary Policy Based on New Changes

China's central bank reiterated on Tuesday it would continue to implement the relatively easy monetary policy according to changing situations in a bid to facilitate the ongoing development mode transformation, as well as reinforce the country's sound and relatively fast economic ...

China's Central Bank Injects 166 bln Yuan into Market This Week

The People's Bank of China (PBOC), the central bank, injected a total of 166 billion yuan (24.3 billion U.S. dollars) into the market this week through bill issues and repurchase agreements. In its regular open market operations on Thursday, the central bank auctioned 10 billion ...

China's Urban Fixed Asset Investment up 25.9 pct in First Five Months

Urban fixed assets investment in China for the first five months rose 25.9 percent year on year to 6.74 trillion yuan (986.76 billion U.S. dollars), the National Bureau of Statistics (NBS) announced Friday. The growth rate was 0.2 percentage points down from that for the first ...

China's CPI rises 3.1 pct in May

China's consumer price index (CPI), a main gauge of inflation, rose 3.1 percent year on year in May, the National Bureau of Statistics (NBS) announced Friday. The May figure was up 0.3 percentage points from April's rise of 2.8 percent. It also surpassed the central government's ...

China to Issue Two Batches of Discount T-bonds Next Week

China's Ministry of Finance said Friday it will issue two batches of short-term book-entry discount treasury bonds next week. The first batch of the bonds, with a total par value of 11.45 billion yuan (1.68 billion U.S. dollars), will have a term of 91 days, according to a ...

China's FDI Grows 27.48 % in May

The amount of foreign direct investment (FDI) into China in May rose by 27.48 percent year on year to 8.13 billion U.S. dollars, said Yao Jian, spokesman of the Ministry of Commerce (MOC), Saturday. The figure brought the country's FDI to 38.92 billion U.S. dollars in the first ...

Chinese Mainland, Taiwan Start Third Expert-level Talks on Economic Pact

Experts from the Chinese mainland and Taiwan Sunday started their third round of talks in Beijing to pave the way for a long-awaited pact to boost cross-Strait economic ties. During the talks, the two sides will discuss the main content of the Economic Cooperation Framework ...

China's Economic Planner Predicts 2.6% CPI Growth in First Half

China's top economic planner Saturday forecast a "mild" year-on-year rise in the consumer price index (CPI), a main gauge of inflation, in June, resulting in an average CPI increase of around 2.6 percent in the first half. The projection by the National Development and Reform ...

HK's Industrial Production Index Rises Slightly in Q1

HK's industrial production index for manufacturing sector rose 0.4 percent in the first quarter over a year earlier, while the corresponding producer price index recorded a year-on-year rise of 4 percent, the city's Census and Statistics Department said on Monday. The food, ...

China Calls For Int'l Cooperation in Promoting Jobs Recovery

A senior Chinese official on Monday called for continued international cooperation in tackling unemployment and other social problems caused by the global financial crisis. "The international financial crisis is still ongoing, and in particular jobs recovery in many countries lag ...

Record number of Chinese says prices too high

A record number of Chinese said current prices were "too high to be acceptable", according to survey results released on Thursday by the People's Bank of China (PBOC), the central bank. The survey, published on the PBOC's website, indicated that 58.9 percent of the respondents, a ...

Trade Barriers Cost China Exporters 57 bln USD in 2009

A survey conducted by China's top quality watchdog finds that technical trade barriers from overseas cost Chinese exporters 57 billion U.S. dollars last year, which is 6.9 billion U.S. dollars more than the year before. The survey, conducted by China's General Administration of ...
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Minivans rev up sales for GM
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Lucrative golf industry lures stiff competition
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Yao's gift of sport for all
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