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Chinese Banks Forex Surplus Jumps 32.8% Month on Month in Jan.: SAFE: China's foreign exchange regulator said that more foreign currencies were sold than bought through Chinese banks in January, resulting in 68.4 billion U.S. dollars of forex surplus in the banks for the month. The January surplus from bank-to-client transactions represented a 32.8 ...

China Sees Sharp Rise in Funds Outstanding for Foreign Exchange in January: China' s funds outstanding for foreign exchange (FOFE) rose to 23.08 trillion yuan (3.51 trillion U.S. dollars) at the end of January, up 24.39 percent or 501.65 billion yuan from December, according to the People's Bank of China, or the central bank, on Wednesday. This meant ...

China's 12th Five-Year Plan Seen to Boost Domestic Consumption: The 12th Five-Year Plan to be approved by China's National People's Congress session starting Saturday is a watershed for what has recently emerged as the world 's second largest economy. It's widely expected that the plan is likely to contain measures to boost domestic ...

New Economic Zone Approved to Further Open China's Western Region: The Chinese government has approved plans for a new economic zone in the southwest to boost the economy of the inner western areas and promote balanced development among regions. Known as the Cheng-Yu (Chengdu-Chongqing) economic zone, the planned area will include 31 districts ...

China's Feb Consumer Prices to Fall: Minister: China's top economic planner said that the February consumer prices will drop from the previous high levels, and is confident of checking inflation on the back of abundant grain reserves. "We have the confidence and capability of keeping prices at stable level," said Zhang Ping, ...

China's Inflation to Continue Falling in Feb.: Official: China's inflation rate in February was likely to be lower than that of January, an official with the country's top economic planner said Tuesday. Li Pumin, a spokesman of the National Development and Reform Commission (NDRC), said during an online interview that the country's ...

SAFE Vows to Deepen Reform on China's Capital Account Forex Management: China's foreign exchange regulator said Tuesday it would continue to reform its management of foreign exchange in capital account and facilitate steps towards a convertible renminbi (RMB) under capital account this year. In a short statement on its website, the State Administrati...

China Reports $7.3 Bln Trade Deficit in February: China recorded a trade deficit of 7.3 billion U.S. dollars in February as the Lunar New Year holiday season dented exports, the General Administration of Customs (GAC) said Thursday. This is China's second monthly trade deficit in a year, after the country announced a deficit of ...

China Completes Construction of World's Fastest Underwater Railway Tunnel: Construction of China's first underwater railway tunnel was completed in south China, which allows trains to operate at the world's top speed under the water. The project, or the Shiziyang Tunnel, crossed the Pearl River estuary in south China's Guangdong Province with a length ...

China to Further Cut Emissions of Sulfur Dioxide, Nitrogen Oxides: China will continue to lower the emissions of sulfur dioxide and nitrogen oxides, major pollutants from coal burning, this year on the basis of 2010, Vice Minister of Environmental Protection Zhang Lijun said. Emission reduction of the pollutants is an obligatory target for local ...

China's Summer Harvest Likely This Year: Vice Minister: China is likely to reap summer harvest this year as drought has not made serious impact on production of winter wheat and summer grain, Vice Minister of Agriculture Wei Chao'an said here. "The overall situation of summer grain production is good," Wei told reporters, referring to ...

China to Inject 2.6 Trillion Yuan for Beibu Gulf Economic Zone's Growth in 5 Years: [object Object]

China's February New Loans Hit 535.6 Bln Yuan: The People's Bank of China (PBOC), the country's central bank, said Monday that new yuan-denominated loans stood at 535.6 billion yuan (81.52 billion U.S. dollars) in February. The figure was 192.9 billion yuan less than February last year, said the PBOC in a statement on its ...

China to Prioritize Domestic Consumer Demand: NDRC Official: China will strive to establish a long-term mechanism to boost domestic consumer demand in the next five years, Zhang Ping, minister of the National Development and Reform Commission (NDRC)said. Measures to spur domestic consumer demand include boosting employment, promoting the ...

China's Growth This Year Slower but Still Robust: Official: China's economic growth will slow this year but the growth momentum will remain strong, a government official said here Monday. "Growth will steadily pick up starting in the second quarter of 2011," Zhang Yutai, head of the Development Research Center of the State Council, said ...

China's Xinjiang Eases Rules for Foreign Investment to Boost Inbound Investment: Northwest China's Xinjiang Uygur Autonomous Region will allow lower-level economic planning agencies in the region to approve foreign investments of up to 100 million U.S. dollars, local authorities said Monday. Xinjiang's prefecture and municipal-level development and reform ...

China to See Decline in Farm Produce Prices: MOC Spokesman: China's farm produce supplies have increased amid warming weather and the country will see a decline in prices soon, the commerce ministry said Tuesday. Supplies of necessities are adequate following the country's traditional Spring Festival, so prices are expected to fall ...

China Vows to Ensure Bumper Grain Harvest in 2011: The Chinese government on Wednesday vowed to take all necessary measures to ensure a bumper grain harvest for the eighth consecutive year. China aims to keep its 2011 grain production over 1 trillion jin (500 million tonnes) while maintaining the grain planting acreage at last ...

China to Spend 200 Bln Yuan Overhauling Waterways in Next 5 Years: China will double its investment in waterway construction to 200 billion yuan (30.5 billion U.S. dollars) over the next five years to increase the nation's river transport capacity, a spokesman for the Ministry of Transport (MOT) said Wednesday. He Jianzhong, the MOT spokesman, ...

MOF Funds Renovation of Unsafe Rural Homes: The Chinese Ministry of Finance (MOF) said on Wednesday that it has allocated subsidies worth 10 billion yuan (1.52 billion U.S. dollars) to help farmers renovate their dilapidated homes this year. The subsidies, which were handed down by the central government, will cover rural ...

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