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China's Economic Momentum to Continue as Inflation is Controllable This Year: CAS

China's economic growth is expected to maintain its relatively fast growth as the nation will be able to keep inflation manageable, a leading government think tank said Saturday. Experts with the Chinese Academy of Sciences (CAS) forecast that the country's economy will first ...

China Meets 2010's Price Control Target: NDRC

China's top economic planner said Monday that price supervision and control measures have achieved steady progress with 2010's Consumer Price Index, slightly exceeding the target ceiling by 0.3 percentage points to hit 3.3 percent. To rein in soaring commodities prices, joint ...

China's Urban Unemployment Rate at 4.1% by 2010: Official

China's urban unemployment rate stood at 4.1 percent at the end of last year, with 9.08 million people registered as unemployed, an official with the Ministry of Human Resources and Social Security said Tuesday. Further, the country had created 11.68 million jobs last year, ...

Business Leaders Rank China as No. 1 for Future Growth

Business leaders considered China as the most important country for future growth as their confidence in the global economy improves, a survey showed on Tuesday. In a worldwide poll of 1,201 CEOs, China was named by 39 percent of them as the leading growth engine, followed by the ...

China Gets Tougher on Second Home Purchase

The Chinese government Wednesday raised the minimum down payment requirement for the purchase of second home to 60 percent of the property's value from 50 percent, to curb property market speculation. The decision was announced in a statement released after an executive meeting ...

China's Participation in Global Trading System Opportunity for All: WTO Chief

A policy of more trade and greater openness to the rest of the world has brought significant benefits to China and greater market opportunities to its trading partners, the head of the World Trade Organization says. "I don't think there is any question that China joining the WTO ...

Chinese Banks' 2010 Forex Surplus Tops 397.7 Bln USD: SAFE

China's foreign exchange watchdog said Thursday that the surplus of Chinese banks' foreign exchange purchases to sales in client transactions increased 51 percent through 2010 to stand at 397.7 billion U.S. dollars at year-end. China' s institutional and individual clients sold 1...

China Prospers with World in the Decade after WTO Accession: Minister

DAVOS, Switzerland, Jan. 27 -- China has been prospering along with the world and thus achieved a "win-win" situation since it joined the World Trade Organization (WTO) 10 years ago, Chinese Commerce Minister Chen Deming said Thursday. The decade after WTO accession proved to be ...

China to Take Measures to Ensure Energy Supplies in 2011: NEA

China will take measures to ensure energy supplies in 2011 to meet growing demand, a National Energy Administration (NEA) official said Friday. The government will boost energy production and control consumption, Wang Siqiang, deputy director of the NEA General Affairs Department...

Rural Financial Reform Needed to Ease Poverty in China: ADB

China needs to reform its rural financial system if it is to tackle poverty in the countryside and allow agriculture and local businesses to play a strong, long-term role in the domestic economy, says a new book from the Asian Development Bank (ADB). Rural Finance in Poverty...

China's Central Bank Raises Priority of Price Controls: Report

China's central bank said late Sunday that it would raise the priority of keeping overall price levels under control in 2011 by adopting a prudent monetary policy. "Controlling overall price levels will be higher up the agenda in 2011, while the financial system should be kept ...

China's Spending on Water Conservation Doubles during 11th Five-Year Plan

China's central government spent 365.5 billion yuan (55.38 billion U.S. dollars) on water conservancy during the past five years, more than double the amount spent during the 2001-2005 period, the Ministry of Finance announced Monday. The government spent 231.5 billion yuan on ...

East China's Jiangsu Utilizes 28.5 billion USD of FDI in 2010

East China's Jiangsu Province utilized 28.5 billion U.S. dollars of foreign direct investment in 2010, up 12.54 percent year on year, according to the provincial Department of Commerce. FDI utilization of the province was China's highest for the eighth straight year. Utilization ...

Growth of Chinese SME Loans Outpaces Credit to Large Firms: Central Bank

Lending to China's small and medium-sized enterprises (SMEs) rose faster than loans to large enterprises last year, according to the People's Bank of China (PBOC), the central bank. Outstanding loans to small enterprises by banks and financial institutions jumped 29.3 percent ...

China's Minimum Rice Purchase Prices Raised to Boost Production

China's economic planning agency Thursday announced a rise in minimum rice purchase prices this year to encourage farmers to grow more grain. A statement on the National Development and Reform Commission (NDRC) website said the government would continue the policy of minimum ...

China Reports Robust Trade Growth with Emerging Markets in 2010

China reported robust trade growth with emerging markets last year, Ministry of Commerce (MOC) figures show. China's trade with member countries of the Association of Southeast Asian Nations (ASEAN) increased 37.5 percent year on year in 2010. It's trade with Brazil climbed 47.5 ...

Singapore, China Witness Strong Bilateral Trade Growth: Singapore Minister

Bilateral economic relations between Singapore and China are strong, and as the world continues to recover from the global economic crisis, the bilateral trade has risen more than 25 percent to 95.3 billion Singapore dollars ( about 74.5 billion U.S. dollars) in 2010, Singapore ...

Value-added Output from China's Electronic Information Sector Grows 16.9 Pct in 2010

The value-added output of China's large electronic information manufacturers grew 16.9 percent year on year in 2010, the Ministry of Industry and Information Technology (MIIT) said on Friday. The growth rate was 11.6 percentage points higher than the same period in 2009, the MIIT ...

China Abolishes 31 Administrative Fees to Alleviate Burden on Enterprises

The Ministry of Finance said Saturday that China has abolished 31 types of administrative fees on enterprises since the beginning of the month in a bid to further improve the nation's business environment. The move is expected to reduce enterprises' financial burdens by 5 billion ...

China Sets up Mechanism to Oversee Foreign Mergers, Acquisitions of Domestic Firms

The general office of the State Council, or China's Cabinet, has decided to establish a ministerial joint committee for undertaking national-safety reviews of foreign mergers and acquisitions of domestic firms. That was learned from a circular posted on www.gov.cn, the Chinese ...
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