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Nine percent growth expected to be new normal for Chinese economy: 2010-12-15 HONG KONG - The Chinese economic growth is forecast to slow to 9.1 percent in 2011, from an estimate of 10.3 percent this year, and the 9 percent growth is expected to be a new normal for China in the post-crisis period, Bank of America Merrill Lynch said in a regional ...

China regrets WTO ruling on US tariff on Chinese tire imports: 2010-12-15 BEIJING - China said Tuesday it regretted a World Trade Organization (WTO) ruling Monday that said a punitive United States tariff on Chinese tire imports is consistent with global trade rules. China is deeply concerned about the effect the tariff has on the Chinese ...

PBOC vows interest rate prudency: 2010-12-17 Central bank chief highlights measures to 'slow down the mulitplication of money' BEIJING - People's Bank of China Governor Zhou Xiaochuan said that the nation needs to take more measures to solve its problem of liquidity-driven inflation but warned that the bank ...

EU to examine export control policy: 2010-12-22 BEIJING -- The European Union has agreed to make a compromise on lifting bans on hi-tech exports by setting up a special working team to discuss and address Chinese concerns, said the minister of Commerce. "China expects the EU to loosen the restrictions on hi-tech ...

32% of HK's exports to the mainland for outward processing: 2010-12-22 HONG KONG - Thirty-two percent of Hong Kong's total exports to the Chinese mainland were for outward processing in this year's third quarter, according to statistics of the Census and Statistics Department released Monday. Meanwhile, 48 percent of Hong Kong's imports ...

Urbanization presents huge challenge for policymakers: [object Object]

China due for fiscal tightening soon, govt researcher says: 2011-1-6 BEIJING - China should draw in loose fiscal policies before long and does not have room for big increases in state outlays on top of existing programs, a senior government researcher said in comments published on Thursday. But Jia Kang, head of the Chinese Ministry of ...

China, Nigeria sign $900m agreement on industry projects: 2010-12-22 BEIJING - China and Nigeria on Monday signed a $900 million credit agreement for rail and communications projects. Olusegun Aganga, the Nigerian finance minister, announced the deal at a press conference at the Nigerian Embassy in Beijing. The agreement between the ...

China's 2010 GDP likely to grow 10%: PBOC chief: 2011-1-5 BEIJING - 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 ...

China may buy more Spanish govt bonds: 2011-1-5 MADRID - Visiting Chinese Vice Premier Li Keqiang said on Tuesday that China is likely to buy more Spanish government bonds to help the country deal with market concerns about its solvency. Li made the remarks during a meeting with Spanish Second Deputy Prime Minister ...

Rate reforms can tame inflation: China central bank: 2010-12-30 BEIJING - China should hasten the liberalization of its interest rate market to rein in accelerating inflation in the world's second-biggest economy, Reuters reported Wednesday, citing a senior Chinese central bank official. According to the report, Sheng Songcheng, ...

China launches anti-dumping probe into EU paper: 2010-12-24 BEIJING - China's Ministry of Commerce (MOC) said it had decided to launch an anti-dumping probe into photographic paper imported from the European Union (EU), the United States and Japan as of Thursday. The investigation will focus on evidence and damages of dumping ...

China takes little profit but big surplus from processing trade: 2011-1-6 BEIJING -- China earns only a thin profit but, at the same time, a big trade surplus from the processing trade, a Chinese commerce official said Wednesday. Jiang Yaoping, China's vice commerce minister, told a forum in Beijing that as a result of globalization, Chinese ...

China wants Germany to open up market: 2011-1-5 China wants to develop the untapped purchasing potential of its domestic consumers and hopes Berlin will support the expansion of Chinese companies in Germany, a top Beijing official said on Wednesday. Chinese firms should have the chance to further boost some $1 billion ...

PBOC to focus more on core inflation for monetary policy: 2010-12-31 BEIJING - Core inflation should be considered more important than the consumer price index (CPI) when the People's Bank of China (PBOC) makes short-term monetary policy decisions, said a senior official of the central bank on Thursday. Core inflation, a measure of ...

China's foreign trade to grow 20-25 pct this year: 2011-1-20 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 ...

China's e-commerce turnover up 22% in 2010: 2011-1-20 E-commerce turnover in China jumped 22 percent in 2010 from a year earlier to 4.5 trillion yuan (681.82 billion U.S. dollars), an industry report said on Tuesday. Online retail sales almost doubled to 513.1 billion yuan, according to the report released by the China e...

US, China to enhance co-op on consumer product safety: 2011-1-11 BEIJING - The United States will enhance cooperation with China on consumer safety to avoid product recalls, a US official said Monday in Beijing. "It is very important we maintain a good relationship with the AQSIQ (China's General Administration of Quality Supervision...

China's high inflation rate may last until Q3: survey: 2011-1-10 BEIJING - China's high inflation rate could continue well until the second or third quarter of this year, according to a survey of 56 leading economists. About 21 percent of the economists surveyed said the current high inflation rate may last until the third quarter, ...

China orders steady supply of farm produce amid icy weather: 2011-1-10

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