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Shanghai Aims to Cool Housing Sector

The Shanghai municipal government issued a new regulation on Thursday that took effect the same day, limiting families to the purchase of one new apartment as the nation tries to curb property speculation and soaring prices. Beijing introduced the same measure on April 30. ...

China's Foreign Debt up 70 bln USD From March

China's outstanding external debt by the end of June reached 513.81 billion U.S.dollars, up 70.57 billion U.S. dollars compared to the end of the first quarter this year, government figures show. The figures excluded the outstanding external debt from Hong Kong Special Administra...

China's September Consumer Confidence Slightly Down

Chinese consumers' confidence fell slightly in September largely due to continuous food price hikes, showed an index released on Saturday. The Bankcard Consumer Confidence Index (BCCI), compiled by Xinhua News Agency and China UnionPay, the national bankcard association, dropped ...

China-World Bank Collaboration Scores Win-win Achievements

The Chinese and World Bank cooperation in the past three decades has registered fruitful win-win results, Zhu Guangyao, China's vice finance minister, told Xinhua here on Friday. "World Bank's funding and expertise have provided assistance to China's poverty-reduction and growth, ...

Chinese Yuan Reaches New High at 6.6732 per U.S. Dollar Monday

The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Monday as the central parity rate of the yuan was set at 6.6732 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. Monday's central parity rate beat the ...

China's Forex Regulator Reiterates Crackdown on "Hot Money" Inflows

China's foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), said Tuesday it will continue to stop inflows of speculative money, or "hot money," into China and crack down on illegal foreign exchange activities. The stance was stressed again in a report ...

China's Central Bank Raises 6 Big Lenders' Reserve Ratio to Check Inflation

China's central bank has temporarily raised the reserve requirement ratio of the four major state-owned lenders and two privately-owned banks, sources told Xinhua Tuesday. Banks must keep an extra 50 basis points, or 0.5 percentage points, in reserves, to check lending, the ...

China's September New Loans Rise to 595.5 bln Yuan

China's new yuan-denominated lending in September rose to 595.5 billion yuan (89.28 billion U.S. dollars), an increase of 9.2 percent from August, China's central bank said Wednesday. China's banks extended 6.3 trillion yuan from January to September, 2.36 trillion yuan, or 27.3 ...

HK Seeks Stronger Economic Ties with Mainland

Hong Kong Chief Executive Donald Tsang Wednesday said the government will strengthen its co- operation with China's mainland in economic development. When delivering his annual policy address at the Legislative Council on Wednesday, Tsang said Hong Kong will strive to enhance its ...

Time to Get Serious on Economic Restructuring in Next Five Years

Li Dongsheng, chairman of China's appliance and top TV maker TCL had expected the operation of his company's joint production line of the 8.5 generation thin film transistor liquid crystal display with the Shenzhen government to start next autumn. Construction of plant, with a ...

China Puts More Grain Reserve on Market, Prices Slightly Decline

China state grain reserve released 8.6 million tonnes of grain on to the market from Nov. 29 to Dec.3 to ensure market supply and stabilize prices, said the country's top economic planner Thursday. The figure was up by 136,000 tonnes from the amount the previous week, with market ...

China November Exports, Imports Grow Strongly; Trade Surplus Narrows

China's foreign trade grew strongly on a year-on-year basis in November, boosted by rising demand ahead of the Christmas shopping season, as the nation's trade surplus narrowed. China's exports rose 34.9 percent year on year in November to 153.33 billion U.S. dollars while ...

China's Industrial Value Added Output up 13.3% in Nov.

China's industrial value-added output year-on-year growth quickened to 13.3 percent in November from 13.1 percent in October, the National Bureau of Statistics (NBS) said Saturday. The growth rate for the first 11 months was 15.8 percent year on year, down 0.3 percentage points ...

China Central Bank Highlights Stable Prices

The People's Bank of China, or the central bank, will make further efforts to maintain prices stable after China's inflation rate hit a 28-month high, according to reports on Monday. The central bank will analyze global economic developments and balance the relations between ...

China November CPI Hits 28-month High of 5.1% on Year

China's consumer price index (CPI), a major gauge of inflation, rose to a 28-month high of 5.1 percent in November, the National Bureau of Statistics (NBS) said Saturday. The growth rate picked up from 4.4 percent in October, according to the NBS. An 11.7 percent surge in food ...

China's Economy Faces New Challenges Despite Steady Growth

China's economy faces fresh challenges and problems despite quickening economic growth as seen in the November economic data released Saturday, since the world economy has not fully recovered from the financial crisis, a senior official said here Tuesday. Zhang Ping, director of ...

Mainland Presses for Investment Promotion in Talks with Taiwan

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China GDP to Hit 37 Trillion Yuan Mark in 2010: Gov't Think Tank

A leading Chinese government think tank in a research report issued Wednesday predicted that China's economy in 2010 would grow 10 percent year on year with gross domestic product (GDP) reaching 37 trillion yuan (5.56 trillion U.S. dollars). In its annual Blue Book of China's ...

China to Float 30.78 Bln Yuan of 10-year Book-entry T-bonds from Thursday

China's Ministry of Finance said Wednesday it will sell 30.78 billion yuan (4.6 billion U.S. dollars) of 10-year book-entry treasury bonds from Thursday. The bonds - the 41st batch of their kind to be sold by the ministry this year - will carry a fixed interest rate of 3.77 ...

China's Foreign Trade to Top 2.9 Trillion USD This Year: Minister

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