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Commercial Rental Rates up Again

Commercial property markets in both Beijing and Shanghai witnessed a strong rebound in the second quarter, driven by surging demand from the ongoing economic recovery, real estate service provider Jones Lang LaSalle said on Tuesday. Grade A office rental rates in Beijing rose 3 ...

China Releases 2010 Salary Increase Guidelines

The 2010 wage guideline in Beijing was released on Wednesday, stating an average salary jump of 11 percent. The wage guideline, which includes an average, upper and lower level, is an annual requirement from the government to enterprises to raise employee salaries. It stated that ...

IMF Raises China's 2010 GDP Growth Projection to 10.5%

The International Monetary Fund ( IMF) lifted China's GDP growth forecast for 2010 to 10.5 percent from the earlier projection of 10 percent, the IMF said in a latest world economic outlook released on Thursday. The body also revised the country's GDP growth projection for 2011 ...

Resource Tax Set to Boost Local Economy

China's decision to extend the pilot resources tax to all western areas of the country will squeeze excessive profits out of the country's resource producers through higher tax costs and will promote the efficient extraction of natural resources in the long run, analysts said. On ...

China's Business Climate Index Gains in Q2, But Entrepreneurs' Confidence Dips

China's business climate index, a major measure of macro-economic outlook, rose slightly by 3.0 points in the second quarter from the previous quarter while the entrepreneurs' confidence softened 2.5 points to 133, the National Bureau of Statistics (NBS) said Friday.

China's Consumer Confidence Drops in June

Chinese spent less in June amid surging commodities prices and floods in many of the country's southern provinces, according to the latest reading of an index that gauges consumer confidence on Friday. The Bankcard Consumer Confidence Index (BCCI), compiled by the Xinhua News ...

China's Yuan Hit Record High Against USD on Monday

The central parity rate of the yuan, China's currency Renminbi (RMB), stood at 6.7718 per U.S. dollar Monday, a new record high, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on June 19 that it would further the reform ...

Shifting Gears for a Banlanced Economy

A sharp decline in the trade surplus during the first half of 2010 indicates that China, the world's fastest-growing major economy, has significantly lifted domestic demand to drive double-digit economic growth. Such a decisive shift away from its decades-old reliance on exports ...

China's Power Consumption Rises 14.14 pct in June

China's power consumption rose 14.14 percent year on year to 352 billion kilowatt-hours (kWh) in June, the National Energy Administration (NEA) said in a statement on its website Wednesday. The growth rate was 6.66 percentage points lower than in May. In the first half year, ...

Inflation Pressure on China Rising But Still Manageable

"Though the inflationary pressures on China are increasing in the first half of the year, it is still manageable," Jong-Wha Lee, Chief Economist with the Asian Development Bank (ADB), said here on Tuesday. Lee, who is paying a work visit to Beijing, warned China of the risk of a ...

China's Economy Grows 11.1 pct in First Half

China's economy expanded by 11.1 percent year-on-year in the first half of 2010, the National Bureau of Statistics (NBS) said Thursday. The growth was 3.7 percentage points higher compared with the same period last year, when China was still wrestling with the global financial ...

China's June CPI Rises 2.9%

China's consumer price index (CPI), a main gauge of inflation, rose 2.9 percent year on year in June, the National Bureau of Statistics (NBS) announced here Thursday. The June data eased from 3.1 percent in May and was below market estimates mostly ranging from 3.1 percent to 3.5 ...

China's First Half Fiscal Revenue up 27.6%

China's fiscal revenue rose 27.6 percent in the first six months from a year earlier to 4.33 trillion yuan (639.74 billion U.S. dollars), said the Ministry of Finance (MOF) Thursday. From January to June, tax revenues increased by 30.8 percent from the same period last year to 3...

China's Yuan Strengthens Against U.S.Dollar Friday

The value of China's currency Renminbi (RMB) strengthened against the U.S. dollar Friday as the central parity rate of the yuan was set at 6.7718 per U.S. dollar, lower than the 6.7741 Thursday, according to the data released by the China Foreign Exchange Trading System. The ...

Premier Wen Stresses Stabilization of Economic Growth Momentum

Chinese Premier Wen Jiabao said China's economic performance is consistent with the government's macro-economic controls while on a three-day visit to Xi'an, capital of northwest China's Shaanxi Province, that ended Sunday. Wen visited Shaanxi Automobile Group Co. Ltd. The 42...

Morgan Stanley Economist Forecasts China's Economy to Expand Over 10 pct in 2010

Hong Kong-based Morgan Stanley's chief Asia economist, Wang Qing said he was relatively optimistic about China's economic outlook and the world's third largest economy was expected to expand by more than 10 percent this year. In a recent interview with Xinhua, Wang said China's ...

China's Central SOEs Post 80.1 bln USD in Six-month Profit

China's centrally-administered state-owned enterprises (SOEs) reported combined profits of 542.96 billion yuan (80.1 billion U.S. dollars) during the first half of this year, the nation's SOE watchdog said Monday. The figure represented an increase of 207.02 billion yuan from one ...

China's Land Prices up 9.29% in Second Quarter in Major Cities

Land prices in 105 major Chinese cities rose 9.29 percent year-on-year to 2,756 yuan (406.5 U.S. dollars) per square meter in the second quarter this year, official figures released Monday indicated. Land prices also edged up 1.52 percent compared with the previous quarter, said ...

China H2 Foreign Trade Growth Forecast to Slow

The State Information Center predicted in a report that the growth of China's imports and exports will slow down in the third and fourth quarter of this year, China Securities Journal said Monday. The report said that the growth rate of imports will gradually decrease to about 19...

HK's Goods Export Volume up 19.2%

The volume of Hong Kong's total goods exports recorded a year-on-year increase of 19.2 percent in May, the Census and Statistics Department of Hong Kong said Tuesday. According to the department, the volume of Hong Kong's goods re- exports rose 19.3 percent over a year earlier, ...
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