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China's CPI to grow 3% in 2010: CCB report

BEIJING, Feb. 10 (Xinhua) -- China's Consumer Price Index (CPI), a main inflation index, might climb 3 percent in 2010 year on year, according to a Wednesday report released by the China Construction Bank (CCB). It is not likely for China to see a rocketing inflation in 2010, ...

China issues first national census of pollution sources

BEIJING, Feb. 9 (Xinhua) -- China on Tuesday issued its first national census of pollution sources, with datas showing that the country's wastewater discharge totalled more than 209 billion tonnes while waste gas emissions topped 63.7 trillion cubic meters in 2007. The result was ...

Dollar rises against most major currencies

NEW YORK, Jan 28 (Xinhua) -- The dollar rose against most major currencies on Thursday as worries over debt problems of Greece and Portugal boosted safety-haven demand for the U.S. currency. The French newspaper Le Monde reported that European Union member states are examining ...

Yuan is becoming a strong regional currency: Russian official

MOSCOW, Feb. 3 (Xinhua) -- Russian Deputy Finance Minister Dmitry Pankin told Xinhua on Wednesday the Chinese yuan was becoming a strong regional currency. Pankin said at the Russian Forum 2010 the increasing use of the yuan in international trade settlement "is a natural course....

OECD jobless remains at 8.8% in December 2009

PARIS, Feb. 8 (Xinhua) -- The unemployment rate for the Organization of Economic Cooperation and Development (OECD) area remained at 8.8 percent in December 2009, the same with last month, but 1.8 percentage points higher from a year earlier, OECD said on Monday. In the euro area...

Soros: China seen as a motor of global economy

HONG KONG, Feb. 3 (Xinhua) -- George Soros, the world famous investor and currency speculator, said here on Wednesday that China has been the first country to recover from the financial crisis and emerged as a motor of the global economy, with its isolation from the global ...

China's PMI of manufacturing sector down in January

BEIJING, Feb. 1 (Xinhua) -- The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 55.8 percent in January, down 0.8 percentage points from the previous month, the China Federation of Logistics and Purchasing (CELP) said on Monday. It was the 11th straight ...

IMF revises up global forecast to near 4% for 2010

WASHINGTON, Jan. 26 (Xinhua) -- The International Monetary Fund (IMF) said Tuesday the global economy is recovering faster than previously anticipated and will grow 3.9 percent this year and 4.3 percent in 2011. The IMF said it had revised upwards its earlier forecast for global ...

China's index futures milestone step to develop capital market

BEIJING, April 17 (Xinhua) -- China launched its decade-long awaited index futures Friday, a milestone in the country's efforts to push the reform of capital market. The new index saw a strong debut Friday, in contrast with a dip in the country's broader stock market, as ...

Strong exports big part of China's first quarter growth: economist

BEIJING, April 19 (Xinhua) -- A strong rebound in exports played a big part in China's 11.9 percent year-on-year economic growth in the first quarter, said an economist of a government think tank. Zhang Liqun, a researcher with the State Council's Development Research Center, ...

China to further support foreign investment as FDI surges

BEIJING, April 14 (Xinhua) -- China will continue to support foreign investment, Vice Commerce Minister Ma Xiuhong pledged Wednesday as the government released figures showing a 7.7-percent year-on-year rise in foreign direct investment in the first quarter. FDI to China ...

ADB hikes China GDP forecast

BEIJING, April 14 -- The Asian Development Bank (ADB) on Tuesday lifted its forecast for China's 2010 gross domestic product (GDP) growth, but said the figures may cool slightly in 2011 due to monetary tightening measures. The bank lifted its 2010 GDP growth forecast to 9.6 ...

China's new loans reach 2.6 trillion yuan in first quarter

BEIJING, April 12 (Xinhua) -- China's new yuan-denominated lending in March slumped to 510.7 billion yuan (74.8 billion U.S. dollars) from February's 700.1 billion yuan, the People's Bank of China, the central bank, said Monday. The March figure brought new yuan-denominated loans ...

World Bank cites China's consumption in easing effects of economic slowdown in East Asia

BEIJING, April 7 (Xinhua) -- China has been leading economic growth in developing East Asia, with exports and employment returning to levels before the global economic crisis, according to a report from the World Bank Wednesday. The Washington-based institution said in its twice...

China's business climate index up in first quarter

BEIJING, April 9 (Xinhua) -- China's business climate index, a major measure of macro-economic outlook, rose slightly by 2.3 points in the first quarter, the National Bureau of Statistics (NBS) said Friday. The quarterly business climate index, based on a survey of 19,500 Chinese ...

China's foreign debt grows 14.4% in 2009: SAFE

BEIJING, April 6 (Xinhua) -- China's outstanding external debt reached 428.6 billion U.S.dollars by the end of 2009, up 14.4 percent from a year earlier, the State Administration of Foreign Exchange (SAFE) said here in a statement on its website Tuesday. The figure excluded Hong ...

China should reduce reliance on U.S. T-bills: economist

BEIJING, April 1 -- China should be cautious in buying or selling huge amounts of U.S. Treasury bonds due to the inherent risks they pose, Cheng Siwei, an influential economist, said on Wednesday, suggesting that the suitable ceiling for the nation's foreign exchange reserves is ...

China to create favorable investment environment for foreign firms: vice premier

BEIJING, March 30 (Xinhua) -- China will continue to deepen its opening-up policy and strive to create favorable investment environment for foreign companies, Vice Premier Wang Qishan said on Tuesday. Wang made the remarks while meeting with former French Prime Minister Jean...

China's monetary policy gets a scholarly touch

BEIJING, March 31 -- The appointment of three new academic members to the central bank's monetary policy committee on Monday reflects the increasing inclusiveness of monetary policymaking, but may not have any apparent bearing on the timing of an interest rate hike, analysts said...

World economy should continues to follow revival path: IMF chief

WARSAW, March 29 (Xinhua) -- The world economy should continue to follow a revival path this year, Managing Director of the International Monetary Fund (IMF) Dominique Strauss-Kahn said in Warsaw on Monday. "It will be clearly visible in the U.S. where the economy should ...
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