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China's economic growth to hit 9% this year: Deutsche Bank: BEIJING, Jan. 11 (Xinhua) -- China's economic growth would hit 9 percent in 2010 with exports making bigger contribution to it, a senior economist said here Monday. Ma Jun, Deutsche Bank Greater China chief economist, said at an investment forum that exports would play a bigger ...

China to raise deposit reserve requirement ratio by 0.5 percentage points: [object Object]

Curbing overcapacity, stimulating consumption key for China's economic revival: BEIJING, Jan. 7 (Xinhua) -- Fueled by a massive stimulus package and bank credit, China's economy grew at an enviable pace last year given the world economy was in deep recession. For growth to keep increasing steadily, the government must focus on trimming industrial overcapacit...

China's central bank to use policy tools to manage inflation, property risks: BEIJING, Jan. 7 -- China's central bank Wednesday said it will manage inflation expectations and keep a close watch on the property market through its credit and money supply policies. In a statement on its website, the People's Bank of China (PBOC) said it would try to maintain ...

Eurozone manufacturing recovers strongly in December: BRUSSELS, Jan. 4 (Xinhua) -- Manufacturing activity in the eurozone expanded at its fastest pace in 21 months in December of 2009, a survey showed on Monday, confirming a previous estimate. The final figure for the Purchasing Managers Index (PMI) of eurozone manufacturing sector, ...

Wall Street reaches new 2009 closing high on upbea: NEW YORK, Dec. 28 (Xinhua) -- Wall Street struggled to settle in positive territory Monday as improved retail sales in holiday season helped offset weakness in airline stocks. All three indexes reached a new 2009 closing high. Major averages opened higher as data from MasterCard ...

China a leader in global emerging auto markets in 2010: report: TORONTO, Dec. 29 (Xinhua) -- The emerging markets of China, India and Brazil will lead the way in global auto sales in 2010, a report said Tuesday. The U.S. market, meanwhile, was expected to see a double-digit increase and will lead the growth of mature markets in 2010, said the ...

Statistics bureau: Chinas 2008 GDP growth revised: BEIJING, Dec. 25 (Xinhua) -- China has revised its gross domestic product (GDP) growth rate for 2008 to 9.6 percent from 9 percent, the National Bureau of Statistics (NBS) said today. That raised GDP for 2008 to 31.4045 trillion yuan from the previous figure of 30.067 trillion ...

Chinas domestic demand will continue to grow: SIC: BEIJING, Dec. 22 (Xinhua) -- China\'s domestic demand will continue to grow next year, with fixed asset investment up 25 percent from a year earlier and retail sales up 18.5 percent, the State Information Center (SIC) forecast in a report issued Tuesday. However, domestic ...

Profits of local SOEs continue dropping but declin: BEIJING, Dec. 24 (Xinhua) -- Profits of China\'s state-owned enterprises excluding those administered by the central government continued to drop in the first 11 months from a year ago, but the rate of decline narrowed sharply. The SOEs posted combined profits of 258.39 billion ...

Chinas centrally-administered SOEs expect 750 bln: BEIJING, Dec. 14 (Xinhua) -- China\'s centrally-administered state-owned enterprises (SOEs) are expected to reap 750 billion yuan (110.29 billion U.S. dollars) in profits this year as their business operations improve, the state assets watchdog announced Monday. In the first 11 ...

Chinas inflation perception control should be more: BEIJING, Dec. 12 (Xinhua) -- China should take more forward looking and preemptive measures to fight inflation expectations following this year\'s credit boom and runaway property prices, said a report released by a leading Chinese bank. Bank loans should be extended at a more ...

China to ban sales of inefficient air conditioners: BEIJING, March 3 (Xinhua) -- China's top economic planner said Wednesday it would ban sales of energy-wasting air conditioners from June 1 by raising the market threshold based on their energy efficiency. New standards will evaluate each model according to their coefficient of ...

China sets inflation target at 3% for 2010, leaves room for resource pricing reform: BEIJING, March 5 (Xinhua) -- China targets a rise of consumer price of around 3 percent this year, Premier Wen Jiabao said when delivering a government work report at the parliament's annual session Friday. The target takes into account of the carry-over effects of last year's ...

China's easy monetary policy to remain unchanged: official: BEIJING, March 6 (Xinhua) -- A 17 percent year-on-year increase in China's broad money supply, and a target of 7.5 trillion yuan (1.1 billion U.S. dollars) for this year, indicated a relatively easy monetary policy, said Su Ning, deputy governor of the People's Bank of China, the ...

China budgets 1.05 trln yuan of fiscal deficit for 2010: BEIJING, March 5 (Xinhua) -- China budgets 1.05 trillion yuan (154.4 billion U.S. dollars) of fiscal deficit this year to support economic growth as government revenue will fall significantly short of expenditures, says a government work report to be delivered by Premier Wen ...

China's economic macro-control to be tested in 2010: BEIJING, Feb. 26 (Xinhua) -- China's macroeconomic management would be put to the test both by the domestic and international markets in 2010, said Chairman of National Development and Reform Commission (NDRC) Zhang Ping Friday. The country's fiscal and monetary policies would be ...

Premier Wen vows to prevent inflation: BEIJING, Feb. 27 (Xinhua) -- Chinese Premier Wen Jiabao pledged to prevent inflation with a "moderately loose" monetary policy and to secure a bountiful agricultural harvest this year in an online chat with netizens on Saturday. China will continue to implement a "moderately ...

Economic gap keeps narrowing between China's east, west: BEIJING, March 1 (Xinhua) -- Since 2004, the economic gap between China's east and west has narrowed, according to a Tsinghua University report. The report showed that since 1990, the coefficient of difference or gap between China's east and west per capita GDP peaked in 2004, ...

China strengthens lending regulations, focuses on credit risk control: BEIJING, Feb. 20 (Xinhua) -- China's banking regulator has issued two regulations that aim to tighten banks' lending and risk management controls. Banks must set a lending quota after "prudent calculation" of borrowers' "actual demand" and must not lend excessively, the China ...

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