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Mainland Province Eyes $800 mln Deals in Taiwan

A delegation from northwest China's Shaanxi Province secured investment and trade agreements worth 610 million U.S. dollars with Taiwan businesses here Tuesday. Acting Shaanxi governor Zhao Zhengyong said he was expecting 800 million U.S. dollars in agreements during the ...

China Still Likely to Fulfill Full-year Inflation Target

China is still likely to meet its full-year inflation target this year despite the August inflation rate quickening to a 22-month high of 3.5 percent year on year, officials from the country' s top economic planer said Wednesday. In August, the consumer price index (CPI) rose ...

China's Property Regulation Not to Throw Major Impact on Economy

China's tightening measures on the property market will not throw a major impact on the country's economic growth, Ma Jiantang, director of China' Bureau of Statistics, said Wednesday at the ongoing fourth Summer Davos forum in Tianjin. The judgement was made based on the fact ...

China to Upgrade Exports by Boosting Low-Carbon Sector

China will flex its muscles to boost the low-carbon economy and green industry, in a bid to help upgrade the development mode of exports, said a senior government official Thursday. Gao Hucheng, Vice Minister of Commerce, said at an energy forum in Taiyuan, capital of Shanxi ...

China to Continue Moderately Easy Monetary Policy

The People's Bank of China (PBOC), or the central bank, announced Friday it would continue the country's moderately easy monetary policy while making it better-targeted and more flexible in the coming months of this year. The PBOC made the announcement in its report on China's ...

China's Central SOEs Profits up 50% in First Eight Months

China's centrally-administered state-owned enterprises (SOEs) reported profits of 723.55 billion yuan (107.83 billion U.S. dollars) in the first eight months, up 50 percent year on year, the nation's SOE watchdog said Friday. But the growth rate was 4.3 percentage points lower ...

China's August FDI hits $7.602 bln

The amount of foreign direct investment (FDI) China received in August rose by 1.38 percent to 7.602 billion U.S. dollars, said Yao Jian, spokesman with the Ministry of Commerce (MOC), at a press conference on Wednesday. The August figure brought the FDI inflow to China in the ...

China to Unveil Roadmap of Capital Regulation for Commercial Banks in Due Time

China's banking regulator will unveil the country's main framework and roadmap of capital regulation on commercial banks in due time, officials said Friday. Officials from the China Banking Regulatory Commission (CBRC) said the international bank capital regulation reform has ...

Chinese Currency not Cause of U.S. Economic Woes

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China Launches Stringent Regulation on Melamine to Ensure Food Safety

The Chinese central government has called for stringent regulation on the production and marketing of melamine to avoid the use of melamine in the food and feed industry. Further, a real-name register system should be established to trace all melamine in the market from the ...

China Imposes Anti-dumping Duties on U.S. Chicken Products

China will levy anti-dumping duties of between 50.3 percent to 105.4 percent on imports of U.S. chicken products from Monday, the Ministry of Commerce announced Sunday. The U.S. chicken industry has dumped broiler products into the Chinese market and caused substantial damage to ...

IMF Requires Financial Check-up for 25 Leading Economies

The International Monetary Fund (IMF) announced on Monday that it would require 25 major economies with financial sectors that have the greatest impact on global financial stability to go through in-depth mandatory financial stability exams every five years to prevent possible ...

China's Xi'an Signs MOU with Cambodia to Enhance Economic Cooperation

Businessmen from China's Xi'an city are interested in investing in Cambodia's electronics, technology and packaging factories for agricultural products, an official from the city said Monday. Hao Mangxi, head of Xi'an Bureau of Trade and Commerce, is leading a delegation of seven ...

Chinese Vice Premier Calls More Afforestation Efforts to Build Greener China

Chinese Vice Premier Hui Liangyu Monday called for increased efforts to push forward the nation's afforestation, in a bid to build a greener country. Hui, who heads the National Afforestation and Greening Committee, made the remarks in a congratulatory message to the opening of ...

Chinese Banks'Forex Surplus Hits 29.1 bln U.S. Dollars in August

The State Administration of Foreign Exchange (SAFE) said Tuesday Chinese banks' foreign exchange surplus on behalf of clients hit 29.1 billion U.S. dollars in August, up 9.4 percent from the previous month. Foreign exchange sales to banks totaled 113.2 billion U.S. dollars in ...

China Suspends Loans to Third Home Buyers, Amid New Move to Cool Down Property Market

China will suspend bank loans for third home purchases in the near future as the government moves to enact further measures to check soaring property prices. Property tax pilot programs will be stepped up and then extended to the entire country, sources within several departments ...

China's PMI of Manufacturing Sector Jumps to 53.8% in September

The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 53.8 percent in September, up 2.1 percentage points from August, the China Federation of Logistics and Purchasing (CFLP) said. The reading of the September index was the highest since May and marked the ...

China's Growth Projected to be 10.5 Percent in 2010, 9.6 Percent in 2011

China's growth is projected to average 10.5 percent in 2010 and 9.6 percent in 2011, driven by domestic demand, the International Monetary Fund (IMF) said in a report Wednesday. The Washington-based international lending agency made the projection for the annual fall meetings ...

China to Issue 20 bln Yuan E-savings Bonds in October

China's Ministry of Finance (MOF) said Friday that it would start issuing two batches of electronic savings bonds later this month with a total value of 20 billion yuan (3 billion U.S. dollars). One batch worth 10 billion yuan had a term of one year, with a fixed annual interest ...

Chinese Premier Says no Basis for Drastic Currency Appreciation

Visiting Chinese Premier Wen Jiabao said here Wednesday there was no basis for the drastic appreciation of the yuan, the Chinese currency. During a speech at a welcome banquet by U.S.-China friendship organizations, Wen said the issue of the yuan exchange rate was an economic one ...
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