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China has "sufficient labor pool for next 40 years"

BEIJING, March 27 -- Although facing an aging population, China will be able to maintain its development thanks to a sufficient labor supply for at least the next 40 years, a counselor to China's Cabinet on population issues has assured. Relaxing the one-child rule in cities is ...

China forecasts Q1 inflation rate between 2 to 2.5%

BEIJING, March 23 (Xinhua) -- China's year-on-year inflation rate was expected to be between 2 to 2.5 percent for the first quarter this year, the country's top economic planner said here Tuesday. The consumer price index (CPI), a main gauge of inflation, would see a "moderate ...

Russia to witness robust economic recovery: World Bank

MOSCOW, March 24 (Xinhua) -- The Russian economy is expected to see a robust recovery, with a GDP growth forecast of up to 5.5 percent in 2010, the World Bank said in a report published Wednesday. In the report, the World Bank predicted Russia's gross domestic product would enjoy ...

China to issue 26 bln yuan 10-year T-bonds

BEIJING, March 24 (Xinhua)-- China's Ministry of Finance (MOF) announced Wednesday it would issue a batch of ten-year book-entry treasury bonds with a total par value of 26 billion yuan (3.8 billion U.S. dollars) starting on Thursday. The batch is the 7th of its kind the MOF has ...

China's premier: Increasing domestic demand a long-term strategy

BEIJING, March 22 (Xinhua)-- Chinese Premier Wen Jiabao said here Monday that China would steadfastly stick to the practice of expanding its domestic demand, which is considered a long-term strategy. Though China had generally done well in combatting the impact of the global ...

WB praises China's re-focus on economic restructuring

WASHINGTON, March 17 (Xinhua) -- The World Bank has welcomed the efforts of the Chinese government to restructure the country's economy. The World Bank said in its latest China Quarterly Update released Wednesday that the re-focus had trained onto key areas. "As China is ...

China's fiscal revenue up 33 pct in first two months

BEIJING, March 14 (Xinhua) -- China saw a 32.9 percent growth year-on-year in fiscal revenue in the first two months of the year due to factors including rising tax revenue following continued economic recovery, the Ministry of Finance (MOF) announced Sunday. Fiscal revenue for ...

China's urban fixed-asset investment up 26.6% in first two months

BEIJING, March 11 (Xinhua) -- China's urban fixed assets investment leaped 26.6 percent year on year to 1.3 trillion yuan (190.3 billion U.S. dollars) in the first two months, highlighted by a prominent increase in property investment, the National Bureau of Statistics (NBS) ...

China's foreign trade up 45.2% in February

BEIJING, March 10 (Xinhua) -- China's foreign trade posted a 45.2 percent year-on-year growth in February, the General Administration of Customs announced Wednesday. Exports in February stood at 94.52 billion U.S. dollars, up 45.7 percent, in a new indication of a rebound in ...

China's CPI rises 2.7% in Feb.

BEIJING, March 11 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.7 percent year on year in February, the National Bureau of Statistics announced Thursday. Food prices rose 6.2 percent last month year on year, with non-food prices rising 1 ...

China's economy issue tops Congress meeting agenda

BEIJING, March 9 (Xinhua) -- The year 2009 has witnessed China's economic success against the backdrop of the global financial crisis. With the ongoing annual session of the National People's Congress (NPC), the country's top legislature, the Chinese economy is under intense ...

Economists: China's macroeconomic control policies prove fruitful

CHICAGO, May 22 (Xinhua) -- The macroeconomic control policies adopted by the Chinese government since mid-2008 have been proven successful, two economists said Saturday. Since late 2008, the Chinese government has taken a series of macroeconomic control policies to deal with the ...

Price surge in certain agricultural products has limited impact on China's CPI: official

BEIJING, May 30 (Xinhua) -- Price surge in some agricultural products such as garlic and mung beans would have a limited impact on China's overall inflation, said Peng Sen, vice minister of the National Development and Reform Commission (NDRC), the national economic planner. The ...

Euro sinks on report about China's holdings

NEW YORK, May 26 (Xinhua) -- The euro fell against major currencies on Wednesday on a report that China was reviewing its euro holdings. The Financial Times, without citing sources, said China was reviewing its holdings of eurozone debt in the wake of the crisis that has swept ...

China supports rescue moves to end EU sovereign debt crisis

BEIJING, May 24 (Xinhua) -- China was concerned about the ongoing sovereign debt crisis in several eurozone nations and supports the rescue actions taken by the European Central Bank and the International Monetary Fund (IMF), Chinese Minister of Commerce Chen Deming said here ...

U.S. economy growth revised down to 3% in 1Q

WASHINGTON, May 27 (Xinhua) -- U.S. economic growth in the first quarter of 2010 had been revised down to an annual rate of 3 percent from the 3.2 percent previously reported, the Commerce Department said Thursday. The gain was also slightly weaker than the 3.4 percent increase ...

China stresses maintaining stability of yuan exchange rate

VIENNA, May 19 (Xinhua) -- Chinese Minister of Commerce Chen Deming stressed Wednesday that, especially under the current financial crisis, the exchange rate stability is the most important, which is not only a national responsibility, but also a responsibility for the world ...

China creates 2.89 mln new jobs in urban areas in 1Q: vice minister

BEIJING, May 20 (Xinhua) -- China's job market has improved with 2.89 million new jobs being created in the first three months of 2010, Wang Xiaochu, Vice Minister of Labor and Human Resources, said here Thursday. Wang told the "Global Jobs Pact" forum in Beijing the job market ...

China's CPI to grow by around 2.5% in 1H

BEIJING, May 18 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, is expected to grow by about 2.5 percent for the first half of this year, the National Development and Reform Commission (NDRC) said in a statement released here Tuesday. The top economic ...

China hopes not to be discriminated in U.S. reform of exports control regime

BEIJING, May 17 (Xinhua) -- China hopes the United States will not exclude China when it loosens its export restrictions, Yao Jian, a spokesman with the Ministry of Commerce said here Monday. Yao's remarks came after the United States said over the weekend it might change its ...
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sports

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