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China's economic figures in Jan. 2011

China's economic figures in 2010 CPI PPI Industrial added value output Retail sales of consumer goods Urban residents' per capita income Grain output Fixed-asset investment GDP +4.6% + 5.5% +15.7% + 18.4% +7.8% +2.9% +23.8% +10.3%

China raises bank reserve requirement ratio to curb lending and inflation

2011-2-21 The People's Bank of China (PBOC), the central bank, announced Friday that it would increase the bank reserve requirement ratio of 50 basis points beginning Feb. 24. The hike, the second this year and the eighth since the beginning of last year, is the latest move to ...

China still a developing country despite fast GDP growth

2011-2-16 BEIJING - China remains a developing country despite rapid GDP growth, Chinese Foreign Ministry spokesman Ma Zhaoxu said Tuesday. "China's GDP growth has remained relatively fast in recent years with expanding aggregate economic volume and fruitful development. However, ...

Industry contributed 49% to economic growth in 2010

2011-2-26 The industrial added value of all above-scale industries increased 15.7 percent year-on-year in 2010, 4.7 percentage points higher than last year's figure, the Securities Times reported, citing a report released Thursday by the Ministry of Industry and Information ...

China's lowest minimum wage area rises up pay scale

2011-3-1 YINCHUAN - China's lowest minimum wage region, Ningxia Hui autonomous region, has increased monthly minimum wage standards by 24.9 percent on average, starting from April 1. The increase would raise Ningxia to 12th in minimum wage standards out of the Chinese mainland's ...

China to push forward exchange rate reform prudently

2011-3-1 BEIJING - Chinese Premier Wen Jiabao said Sunday the country will push forward the yuan's exchange rate reform in a prudent and gradual manner to ensure social stability. He reiterated the principle that China should reform its currency exchange mechanism independently, ...

China to readjust income distribution to stop yawning gap

2011-3-7 BEIJING - Readjusting income distribution in a reasonable manner is both a long-term task and an urgent issue to address at present, Premier Wen Jiabao said Saturday in his government work report delivered at the parliamentary annual session. According to Wen, three ...

China New Yuan Loans Less Than CNY600 Bln In February

2011-3-7 The amount of new loans extended in February was said to be below 600 billion yuan, below market expectations, reports China Securities Journal, citing unnamed insiders. According to an industry insider, the drop was due to the successive hikes in the required reserve ...

CPI likely to drop in February: NDRC

2011-3-2 China's consumer price index (CPI) is likely to continue falling in February, Shanghai Securities News reported Tuesday, citing Zhang Ping, director of the National Development and Reform Commission, China's top economic planning body. Some positive effects are starting ...

More U.S. companies eye China's domestic market: survey

2011-3-2 GUANGZHOU, March 1 (Xinhua) -- More U.S. businesses seek expansion in China to cash in on the expanding domestic market, rather than seeing China as only a processing and export hub, a survey showed Tuesday. About three-fourths of over 400 member companies surveyed by ...

Wen reiterates yuan's gradual climb

2011-3-2 BEIJING, March 1 (Xinhuanet) -- The yuan inched up against the U.S. dollar Monday after Premier Wen Jiabao reiterated the government's commitment to stick to a gradual rise of the currency. The yuan ended at 6.5716 against the greenback yesterday, up 0.05 percent from ...

China's Jan-Feb futures trading value up 38.44%

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U.S. economic recovery continues to expand: Fed

2011-3-3 WASHINGTON, March 2 (Xinhua) -- The U.S. economy continued to expand at a relatively positive pace in the period from January through mid-February, according to the latest Federal Reserve survey released on Wednesday. The snapshot of economic conditions found that most ...

China's Official February PMI 52.2

2011-3-2 China's official Purchasing Managers Index fell to 52.2 in February from 52.9 in January, the China Federation of Logistics and Purchasing, which issues the data with the National Bureau of Statistics, said Tuesday. February was the third consecutive month in which the ...

China sees sharp rise in funds outstanding for foreign exchange in January

2011-3-3 BEIJING, March 2 (Xinhua) -- 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 ...

China to further expand cross-border yuan trade settlement across the country

2011-3-3 BEIJING, March 2 (Xinhua) -- The People's Bank of China (PBOC), the central bank, announced on Wednesday that it would further expand trial cross-border yuan trade settlements across the country this year. The market demand for yuan cross-border use is expected to climb, ...

New economic zone approved to further open western region

2011-3-7 CHENGDU - 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 ...

Tariff cut 'to boost imports'

2011-3-4 SHANGHAI - Import tariffs will be reduced on a range of products and red tape involved in import application procedures will be further cut, to "maintain balanced trade", a senior official told China Daily. "We will launch a series of measures to stimulate imports this ...

China's 12th Five-Year Plan seen to boost domestic consumption

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China targets 7% annual growth of per capita income

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