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China's Foreign Trade to Grow 20-25 Pct: Report: China's foreign trade is projected to grow between 20 and 25 percent this year, according to a report released by the China Institute for WTO Studies on Monday. The report predicts that imports will outpace exports, which will further benefit the balance of trade. With the global ...

Shanghai Home Prices to Correct A Bit: Housing prices in Shanghai are expected to correct slightly due to stricter policies that were implemented to curb speculation, according to a book released Monday by the Shanghai Academy of Social Sciences. The book, which analyzed the city's economic, social, cultural and ...

China Banks Ratchet up Lending Rates to Ration Credit: Some Chinese banks have drastically raised lending interest rates or halted loan approval altogether to comply with government orders to rein in the pace of credit growth, media reported on Wednesday. Instructions have come down from head offices to some bank branches that they ...

China Gets Tougher on Second Home Purchase: China Wednesday raised the minimum down payment requirement for the purchase of a second home to 60 percent of the property's value from the previous 50 percent, to curb property market speculation. The decision was announced in a statement released after an executive meeting of ...

Chongqing, Shanghai Launch Property Tax: Related: China's New Rules A Ray of Hope for Property Market China OKs Pilot Launch of Property Tax Chongqing Proposes Property Tax Reforms Authorities of Chongqing and Shanghai municipalities announced Friday they would kick off the long-awaited trial property taxation, starting ...

China Issues New Rules on Real Estate Agents: China issued new regulations to regulate real estate brokerage practices, said a statement Tuesday. The statement, released jointly by the Ministry of Housing and Urban-Rural Development, the National Development and Reform Commission, and the Ministry of Human Resources and ...

New Rules Alter the Game for Car Hire Companies in BJ: Car rental companies in Beijing have enjoyed robust growth in business as many people resorted to hiring a car when their plans to buy one were dampened by the new vehicle registration rules. Shouqi Car Rental, a major player in the sector, has been capitalizing on the rising ...

China OKs Pilot Launch of Property Tax: Related: Chongqing Proposes Property Tax Reforms China's New Rules A Ray of Hope for Property Market The State Council, China's cabinet, has approved on a trial basis the launch of property tax reforms in some cities. The pilot reform will tax property owner-occupiers for the ...

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...

Yuan Trade Barriers Coming Down: Zhou Xiaochuan, China's central bank governor, pledged to remove domestic policy barriers to promote the yuan's use in cross-border trade settlements and outward investments by Chinese enterprises. However, Zhou said the government does not have any predetermined goal for the ...

China Slashes Import Tariff on Computers: China lowered the import tariff on computers and video camcorders from 20 percent to 10 percent from Thursday, according to a circular on the website of the Ministry of Finance (MOF). This ended months of debate over the fixed 1,000 yuan tariff on an iPad computer imposed by ...

China to Open Currency Swap Businesses for Bank Customers: China will launch currency swap business for bank customers beginning March 1, in a move to help enterprises hedge against exchange rate risks, the country's foreign exchange regulator said Sunday. China began currency swap business in the interbank market in August 2007, and the ...

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

Wen Vows to Control Inflation in New Year: Related: Wen Visits Farmers, Workers to Extend Spring Festival Greetings China will fight to control inflation and crack down on property speculators in the year ahead, state media on Wednesday quoted Premier Wen Jiabao as saying, as the country readied to welcome the Year of the ...

ICBC Stops Rate Discounts on Mortgages: [object Object]

China to Push forward Capital Account Convertibility: China will push for capital account convertibility during the 12th Five-Year Plan (2011-2015) under the conditions where risks remain controllable, China's foreign exchange regulator said Tuesday. China will gradually make the Chinese currency convertible under capital account ...

Growth of Chinese SME Loans Outpaces Credit to Large Firms: 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 ...

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 ...

China Did Not Manipulate Currency in 2010: U.S. Report: Major trading partners of the United States, including China, did not manipulate their currencies to gain an unfair advantage in international trade in 2010, according to a report released by the U.S Treasury Department on Friday. "Based on the resumption of exchange rate ...

China's Private Sector Employs 160 Million People: China's private sector now provides more than 160 million jobs, according to the State Administration for Industry & Commerce. The country registered about 40 million private businesses amidst robust growth during the 11th Five-Year period (2006-2010). Further, the private sector ...

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