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China's 2010 GDP Growth Likely to Reach 10 Pct, Says Central Bank Chief: China's 2010 economic growth is estimated to reach about 10 percent, according to central bank governor Zhou Xiaochuan. In a speech published Tuesday by the People's Bank of China on its website, Zhou said he was not quite confident that the nation's economy has returned to ...

China Unveils New Rules against Anticompetitive, Monopolistic-type Behavior: China's competition law enforcement authorities Tuesday published new regulations to crack down on anticompetitive, monopolistic-type behavior, amid the country's efforts to ensure competitive markets. The regulations against monopolistic-pricing will take effect from Feb. 1, a ...

Hong Kong Economy Forecast to Grow 4.4 Pct in Q1 of 2011: Hong Kong real gross domestic product (GDP) growth is likely to slow to 4.4 percent year-on-year in the first quarter of 2011, according to a quarterly economic report released by the APEC Study Center of the University of Hong Kong on Wednesday. The report, titled Hong Kong ...

China Hands out 6.4 Bln Yuan in 2010 Auto Trade-in Program: The Chinese government handed out 6.41 billion yuan (972.9 million U.S. dollars) in subsidies to new car buyers under the old-for-new trade-in auto program in 2010, the Ministry of Commerce said Wednesday. Sales of 459,000 vehicles were subsidized last year as part of the subsidy ...

China Meets 5-year Energy-saving Goal: NDRC: China said Thursday it could basically meet its goal of reducing energy consumption per unit of gross domestic product (GDP) by around 20 percent from 2005 levels by the end of 2010. Zhang Ping, director of the National Development and Reform Commission (NDRC), China's economic ...

China Revises up 2009 GDP Growth Rate to 9.2 Pct: The growth rate of China's gross domestic product (GDP) in 2009 has been modified up to 9.2 percent from the previous 9.1 percent, the National Bureau of Statistics (NBS) announced Tuesday. After the revision, China's GDP at current value was 34.0903 trillion yuan (5.15 trillion ...

Chinese City Allows Individual Overseas Investment: Residents in a Chinese city boasting of its entrepreneurship are allowed to invest overseas as individuals in a pilot scheme that authorities say will help manage the burgeoning capital flow in the private sector. The city of Wenzhou, in the eastern Zhejiang Province, will allow ...

Most Developing Countries Recover from Crisis, China to Grow 8.0% in 2011: WB: The world economy is moving from a post-crisis bounce-back phase of the recovery to slower but solid growth this year and next year, with developing countries contributing almost half of global growth, according to the Global Economic Prospects 2010, a report released by the ...

China Draws World Retailers' Attention at NRF Panels: "China" was the word most frequently mentioned by CEOs from the world's major retailers at the 100th National Retail Federation (NRF) annual expo panels here Monday. "Although the domestic market was not so satisfying, consumer spending outside the U.S. was good, like China, ...

China to Increase Yuan Flexibility, Further Open up Financial Markets: Central Bank Official: China will increase the flexibility of the yuan exchange rate and further push forward the opening-up of its financial markets, a senior central bank official said Friday. China will continue the reform of the yuan exchange rate mechanism and keep the rate basically stable at a ...

China's GDP Growth Forecast to Slow down: WB: The country's GDP growth rate will slow to 8.7 percent this year from 10 percent in 2010, and a key challenge in 2011 will be to ensure that anti-inflationary measures do not "significantly" reduce growth, the World Bank said on Thursday. The bank estimates that global GDP, which ...

China Should Be Cautious of Inflation, Excess Liquidity: China should be cautious of inflation and prevent the effects of excess liquidity, Fan Gang, a former advisor to the country's central bank, said Saturday. The loose credit policy of the United States is pumping money into the market and increasing expectations for the depreciati...

China's Banking Regulator Urges Reasonable Lending to Support Real Economy: The China Banking Regulatory Commission (CBRC) announced Monday that it will guide the nation's banks to a scientific pace of lending this year as it stressed bank loans should better serve the real economy. The CBRC said in a statement on its website that it will also expand and ...

China's State-owned Enterprises Post Nearly 40% Rise in Profits Last Year: China's state-owned enterprises (SOEs) saw profits increase 37.9 percent year on year to 1.99 trillion yuan (301.5 billion U.S. dollars) last year, the Ministry of Finance (MOF) said on Monday. Business revenue reached 30.33 trillion yuan, up 31.1 percent from a year ago. Both ...

China's Annual FDI Hits Record 105 Bln USD: Foreign direct investment (FDI) into China hit a record 105.74 billion U.S. dollars last year, up 17.4 percent year on year, the Ministry of Commerce (MOC) announced Tuesday. In December alone, China attracted 14.03 billion U.S. dollars of FDI, up 15.6 percent year on year, ...

China's Outbound Direct Investment up 36 Percent Last Year: China's outbound direct investment in the non-financial sector hit 59 billion U.S. dollars last year, up 36.3 percent year on year, the Ministry of Commerce (MOC) announced Tuesday. Total outbound direct investment in the non-financial sector had amounted to 258.8 billion U.S. ...

China's 2010 Customs Revenue Tops 1.2 Trillion Yuan: China's customs revenue totalled 1.25 trillion yuan (189.9 billion U.S. dollars) in 2010, up 35.9 percent year on year, the country's customs authority said Wednesday. Chinese customs authorities collected 202.78 billion yuan in tariffs last year, up 36.7 percent year on year, ...

China's CPI up 4.6 Pct in December 2010: China's consumer price index (CPI), the main gauge of inflation, rose 4.6 percent year on year in December, the National Bureau of Statistics (NBS) announced Thursday. The CPI was up 3.3 percent in 2010 from the previous year, the NBS said. The monthly figure was slightly lower ...

China's 2010 Fiscal Revenue Reaches 1.26 Trillion USD: China's Ministry of Finance said on Thursday that the nation's fiscal revenue grew 21.3 percent year on year to 8.31 trillion yuan (1.26 trillion U.S. dollars) last year. Of the total, the central fiscal revenue topped 4.25 trillion yuan, up 18.3 percent from the previous year, ...

China's Gold Rich Region Reports Growth for Seven Consecutive Years: The gold output jumped by 14.89 percent year-on-year to reach 10.5 tonnes in northwest China's Xinjiang Uygur Autonomous Region in 2010, local authorities said Sunday. That indicates Xinjiang, one of the top ten gold producing regions in China, has seen its gold output grow for ...

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