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China's July Retail Sales up 17.9 pct

China's retail sales, the main gauge of consumer spending, rose 17.9 percent year on year in July to 1.22 trillion yuan (180.8 billion U.S. dollars), the National Bureau of Statistics (NBS) announced Wednesday. The retail sales growth rate in July was down by 0.4 percentage ...

Inflationary pressure "could ease"

China's inflationary pressure might ease for the rest of the year, as grain price hikes on the international market are unlikely to spill into the country because of ample grain reserves, economists have said. The country's consumer price index (CPI), a major gauge of inflation, ...

China's Consumer Confidence Edges up in Second Quarter

A major index reflecting Chinese consumers' confidence in the economy posted a slight gain in the second quarter, said a report issued by the China Economic Monitoring & Analysis Center and Nielsen Co. here Thursday. China's Consumer Confidence Index stood at 109 in the second ...

China to Issue 28 bln Yuan of 30-year Bonds Next Week

China's Ministry of Finance (MOF) said Friday it will sell 28 billion yuan (4.13 billion U.S. dollars) of 30-year book-entry Treasury bonds next week. The bonds will have a fixed annual interest rate of 3.96 percent and interest will be paid every half year, the ministry said in ...

Chile Eyes Rapid Growth in Bilateral Trade with China

Chile's government is focusing on rapid growth in its bilateral trade, investments, and tourism with China, the country's finance minister said Sunday. Chilean Finance Minister Felipe Larrain told Xinhua that Chile is confident that China's economy will maintain a 9 percent ...

Chinese Premier Urges Development of Northeastern China

The Chinese government on Tuesday called for further efforts to accelerate economic development in China's northeastern areas. The old industrial bases in northeastern China are at a key growth point and relevant policies should be carried out in full to build it into a new ...

China's Central Bank Keeps 1-year Bill Yield Unchanged at 2.0929 pct

The People's Bank of China (PBOC), China's central bank, auctioned 44 billion yuan (6.47 billion U.S. dollars) of one-year bills at its regular open market operations Tuesday at a yield of 2.0929 percent. The one-year bills issued this week were 11 billion yuan (1.62 billion U.S. ...

China's 29% FDI Surge Shows Confidence

China's foreign direct investment (FDI) for July surged by 29 percent from a year earlier. The figure represents the second highest monthly growth this year and highlights the confidence of foreign businesses operating in China despite recent suggestions about a challenging ...

China's SOE Revenues up 38.8% in 1st Seven Months

Business revenues of China's state-owned enterprises (SOEs) rose 38.8 percent in the first seven months from the same period last year, the Ministry of Finance (MOF) said Wednesday. Business revenues stood at 16.87 trillion yuan (2.49 trillion U.S. dollars) in the first seven ...

HK's Jobless Rate Falls to 4.3 pct

Hong Kong's unemployment rate fell to 4.3 percent in the May to July period, from 4.6 percent in April-June, and recorded the lowest figure since the November 2008 to January 2009 quarter, the local authority announced on Tuesday. The underemployment rate was 2 percent in the ...

"No Systemic Risk" for Local Borrowings

The Chinese government said risks related to borrowing by local government-backed investment units are "controllable" and would not cause systemic damage to the economy, as it worked out detailed measures to clean up financing of these vehicles on Thursday. Some economists are ...

Macao's CPI Increases 2.96% in July

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China, Canada Forge Strong Tourism Links under ADS Agreement

The first visit of Chinese tourists under the Approved Destination Status (ADS) agreement helped open a "new chapter of friendship" between China and Canada, a Chinese official said Monday. "Our inaugural tour group experienced the warmth and friendship of our Canadian friends ...

HK Monetary Authority Welcomes Approval for Overseas Yuan Fund to Invest in Mainland Market

Hong Kong Monetary Authority ( HKMA) welcomed on Tuesday the People's Bank of China (PBoC) 's approval of Renminbi Clearing Bank and other eligible institutions outside the Chinese mainland to invest in the mainland's interbank bond market. The PBoC promulgated Tuesday a notice ...

China's Largest Port Posts 52% Growth in Profit for H1 on Foreign Trade Recovery

Shanghai International Port Group (SIPG), China's largest commercial port and one of the country's major gateways for foreign trade, reported a 52 percent increase in profits during the first half of the year. Net profits for SIPG were 2.6 billion yuan (385 million U.S. dollars) ...

China's Top Legislator Vows to Advance Relations with France

China will work with France to expand bilateral cooperation and advance economic and trade links, said China's top legislator Wu Bangguo Wednesday. Wu, chairman of the Standing Committee of the National People's Congress (NPC), made the remarks in a meeting in Beijing with a ...

China Economy Faces Complicated Domestic, International Conditions

China's top economic planner said Thursday that China's economy still faced complicated domestic and international conditions. The foundation for world economic recovery remained fragile, and uncertain and unstable factors still abounded, said Zhang Ping, director of the National ...

547 Chinese Mainland Companies Listed on Hong Kong Bourse

As of July 31 this year, 547 Chinese mainland companies were listed on the Hong Kong bourse, said Stephen Lam Sui-lung, Secretary for Constitutional and Mainland Affairs of Hong Kong Special Administrative Region government on Saturday. The companies had raised a total of 2.7 ...

Seminar Held in France to Boost China-Africa Trade Co-op

Growth and investments were key topics of discussion during a seminar held to promote China-Africa trade and economic cooperation. Over 100 experts, scholars, businesspersons and officials from France, China and Africa on Friday attended the seminar with the theme of "Africa's ...

China, U.S. Highlight Close Economic Ties, Pledge More Cooperation

China and the United States Monday underscored their close economic relationship and called for its healthy growth. "China and the United States share very close economic ties," Chinese Vice Premier Wang Qishan told a U.S. delegation led by two Missouri senators - Christopher ...
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