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Central Gov't Backs HK to Become Offshore RMB Center: The central government supports Hong Kong in building into an offshore RMB center, said a Chinese senior official Sunday. The central government also supports Hong Kong in strengthening its competitiveness and consolidating its position as an international center of finance, ...

Pledge to Build 36m Low-cost Houses: China will build a total of 36 million affordable houses over the next five years, a senior official said. Some 10 million affordable houses will be built this year and next, while another 16 million will go up in the three-year period ending in 2015, Xu Xianping, vice minister ...

Will China's Market Economic Reform Suffer Setback?: For Western observers who say China's market economic reform has suffered a retreat to the planned economy, resolute words at the nation's annual political sessions may have eased their concerns. "We must constantly improve the socialist market economy, and make full use of the ...

China's Lower Growth Target a "Smart Move": Nobel Economist: China is undegoing a complex structural transition, and the lowering of its economic growth target in the next five years is a "smart move," Nobel Economist Michael Spence told Xinhua Tuesday. China has "shifted priorities to things like energy efficiency, environmental issues, ...

Adviser: China's Inflation to Hit 5 Pct in 2011: Consumer inflation in China will rise by 5 percent on average in 2011 and surging international commodity prices will be a major cause of uncertainty as the country battles to contain that inflation, said a central bank adviser on Wednesday. However, accelerating the appreciation ...

12th Five-Year Plan Seen to Boost Domestic Consumption: by Prime Sarmiento 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 ...

4G Network Is Another Step Closer to Reality: China Mobile Communications Co said on Monday that the country's top telecom regulator has approved five telecommunication equipment makers to begin construction of the fourth-generation (4G) network. China Mobile, the world's largest telecom carrier by subscriber numbers, ...

China's Central Bank Stresses Management of Liquidity, Social Financing: The People's Bank of China (PBOC), the central bank, said Monday that the country would work to improve its prudent macro policies, boost effective liquidity management and keep financing from all sources at a reasonable level. To keep prices stable, China will strictly implement ...

China's Central Bank Stresses Management of Liquidity: The People's Bank of China (PBOC), the central bank, said Monday that the country would work to improve its prudent macro policies, boost effective liquidity management and keep financing from all sources at a reasonable level. To keep prices stable, China will strictly implement ...

China to Tax Rare Earths From April 1: China will impose a tax on rare earth minerals starting April 1, according to a statement issued jointly by the Ministry of Finance and the State Administration of Taxation to rare earth producers. Zhang Zhong, general manager of Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co....

China Banking System Outlook Stable- Moody's: Moody's Investors Service said Monday the outlook for China's banking system is stable over the next 12 to 18 months, and the country's banks have adequate cushions against rising non-performing loans (NPLs). The report, entitled "China Banking System Outlook," said the outlook ...

China's Economy for Kids to Double within 5 Years: The market for children's products in China will double within the next five years, a report released at a kids expo in east China's Zhejiang Province has estimated. The market demand in China for children's products exceeded 1 trillion yuan (152 billion U.S. dollars) in 2010 and ...

China to Strenthen Liquidity Management: Central Bank Official: An official with China's central bank said Thursday that China should strengthen liquidity management as it is still facing imbalances of international payment and excessive liquidity. Zhang Xiaohui, director of the Monetary Policy Department of the People's Bank of China (PBOC), ...

China to Issue 30 Bln Yuan of Book-entry T-bonds: China's Ministry of Finance(MOF) said Wednesday it will sell 30 billion yuan (4.57 billion U.S. dollars) worth of book-entry treasury bonds starting Thursday. The one-year bonds carry a fixed interest rate of 2.8 percent and will be sold to the public from March 24 to March 28, ...

China to Boost Innovative Environment for Global Co-op: Official: Related: China's Growth This Year Slower But Still Robust: Official China will further strengthen regulations to protect intellectual property rights to create a more innovative environment for foreign businesses, government officials said Monday. "In the context of globalization...

China Raises Reserve Ratio for Banks by 50 Bps: The People's Bank of China (PBOC), China's central bank, announced on Friday that it would raise the bank reserve requirement ratio (RRR) by 50 basis points starting on March 25. The hike, the third this year and the ninth since the beginning of last year, is the latest move to ...

China to Prioritize Domestic Consumer Demand: 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 on Sunday. Measures to spur domestic consumer demand include boosting employment, ...

Loosen Curbs to Cut Deficits: Minister of Commerce Chen Deming said Sunday that China hopes countries with large trade deficits with it could loosen export controls. Addressing the 12th China Development Forum held in Beijing, which ends Monday, Chen said that China is willing to improve the trade structure ...

China Needs Foreign Firms in Economic Transformation: Minister: China's commerce minister said on Sunday that foreign invested enterprises (FIEs) have a more active role to play in the process of China's economic transformation. "China's efforts to transform its economic development model and expand domestic demand are not closed to FIEs, ...

China to Import More High-tech Products over the Next Five Years: China's Ministry of Commerce has now announced a plan to expand high-tech trade with developed nations. According to the ministry, the authorities gradually plan to raise the percentage of high-tech products, key components and equipment in the country's import portfolio over the ...

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