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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 ...

Chinese economy to continue rapid, sustainable growth: economist

CHICAGO, May 15 (Xinhua) -- Highly effective investment in infrastructure by the Chinese government and the urbanization process in China will ensure the continuous rapid growth of the Chinese economy in the next 20 years, said a distinguished economist on Saturday. Lin was very ...

Summer harvest becomes focus of inflationary expectations

JI'NAN, May 12 (Xinhua) -- All this month, Li Jirui has been busy working his wheat crops, spraying pesticide to ward off diseases and insect pests. Despite growing crops for 30 years in Tengzhou City, Shandong Province, one of China's main grain production areas, he is uncertain ...

China's FDI growth leaps to 25 pct in April

FUZHOU, May 13 (Xinhua) -- The foreign direct investment (FDI) China received in April rose by 25 percent year on year compared with March's 12.08 percent, said an official from Ministry of Commerce Thursday. The figure brought FDI growth for the first four months to 11.3 percent ...

China's tax revenue rises 33.2 pct in Jan-April

BEIJING, May 12 (Xinhua) -- China's tax revenue rose 33.2 percent year on year to 2.63 trillion yuan (384.77 billion U.S. dollars) in the first four months, on the back of a consolidated economic recovery and a low comparison base, the State Administration of Taxation said ...

China's April industrial value-added expands 17.8%

BEIJING, May 11 (Xinhua) -- The growth of China's industrial value-added was 17.8 percent in April, slightly lower than 18.1-percent increase in March, the National Bureau of Statistics announced Tuesday. China April CPI up 2.8% China's PPI up 6.8% on year in April China's retail ...

China to raise deposit reserve requirement ratio by 0.5 percentage points

BEIJING, May 2 (Xinhua) -- The People's Bank of China (PBOC), the central bank, announced Sunday it will raise the deposit reserve requirement ratio (RRR) for financial institutions by half a percentage point from May 10. The ratio for the rural credit cooperatives and rural ...

China Bankcard Consumer Confidence Index up 2.67 in April on economic optimism

BEIJING, May 9 (Xinhua) -- Chinese bankcard holders' were increasingly willing to spend in April as optimism about the Chinese economy grew, the latest consumer confidence figures showed Sunday. The Bankcard Consumer Confidence Index (BCCI) stood at 86.80 in April, up 2.67 year ...

China unveils regulations to boost foreign investment in central regions

NANCHANG, April 29 (Xinhua) -- Chinese Ministry of Commerce released regulations concerning foreign investment in China's central region here Thursday. The region - which includes the provinces of Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan - should attract high-end green ...

Curbing property speculation

BEIJING, April 22 -- Recent government measures to stem rising housing prices will change supply and demand to cool market expectations The State Council, the country's Cabinet, rolled out a series of harsh measures over the weekend in the latest bid to curb soaring home prices. ...

Financing remains major difficulty for Chinese companies' outbound investment: report

BEIJING, April 27 (Xinhua) -- Difficulty in accessing finance remains the biggest problem for Chinese companies investing overseas, China's trade promotion body said Tuesday. In a report on Chinese enterprises' external investment released Tuesday, China Council for the Promotion ...

Economic pact with the mainland an opportunity for Taiwan

TAIPEI, April 27 (Xinhua) -- The secretary-general of the Boao Forum for Asia Long Yongtu suggested Taiwan take the opportunity to sign the economic cooperation framework agreement, or ECFA, with the mainland, while attending a forum here Monday. Long said ECFA has long-term ...

NDRC works out green measures

BEIJING, April 21 -- More policy tools are being worked out to encourage energy conservation and the use of renewables to propel the development of China's energy-saving industries, an official from the National Development and Reform Commission (NDRC) said. Speaking at an energy ...

Marketing strategies for growth in China

BEIJING, July 5 (Xinhaunet) -- As China's economy recovers from the global downturn, the most recent retail sales figures show strong and steady growth over the last year. It's clear that higher incomes continue to fuel consumer thirst in China for a wide range of goods and ...

IMF raises China's 2010 GDP growth projection to 10.5%

HONG KONG, July 8 (Xinhua) -- The International Monetary Fund ( IMF) lifted China's GDP growth forecast for 2010 to 10.5 percent from the earlier projection of 10 percent, the IMF said in a latest world economic outlook released on Thursday. The body also revised the country's ...

Commercial rental rates up again

BEIJING, July 7 (Xinhaunet) -- Commercial property markets in both Beijing and Shanghai witnessed a strong rebound in the second quarter, driven by surging demand from the ongoing economic recovery, real estate service provider Jones Lang LaSalle said on Tuesday. Grade A office ...

China's central bank leaves one-year bill yield unchanged at 2.0929%

BEIJING, July 6 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, auctioned 6 billion yuan (885 million U.S. dollars) of one-year bills at a yield of 2.0929 percent at its regular open market operations Tuesday. The yield on the one-year bill has been steady at ...

Official: Currency reform "our own affair"

BEIJING, June 28 (Xinhuanet) --China will not bow to pressure from the outside world on revaluing the renminbi and any changes in the nation's foreign exchange will be made on China's own terms, Chinese officials heading to the G20 summit in Toronto said at a press briefing. The ...

China's 2009 GDP growth revised up to 9.1 pct from previous 8.7 pct

BEIJING, July 2 (Xinhua) -- China's gross domestic product (GDP) growth in 2009 was modified up to 9.1 percent from previous 8.7 percent, the National Bureau of Statistics (NBS) announced Friday. The country's GDP hit 34.0507 trillion yuan (5.296 trillion U.S. dollars), according ...

China's yuan hits new record high against USD

BEIJING, July 1 (Xinhua) -- The central parity of the Renminbi (RMB), or China's currency yuan, strengthened to 6.7858 per U.S. dollar on Thursday, a new record high, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on ...
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