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China's consumer confidence edges up in second quarter: BEIJING, Aug. 12 (Xinhua) -- A major index reflecting Chinese consumers' confidence in the economy posted a slight gain in the second quarter, said a report issued by the China Economic Monitoring & Analysis Center and Nielsen Co. here Thursday. China's Consumer Confidence Index ...

China's central-managed SOEs' tax payments in 2009 up 10.1% yoy: BEIJING, Aug. 13 (Xinhua) -- China's 129 centrally-managed state-owned enterprises (SOEs) paid 1.14748 trillion yuan (168.75 billion U.S. dollars) in taxes last year, up 10.1 percent year on year, the State Assets Supervision and Administration Commission (SASAC) said Friday. The ...

Inflationary pressure 'could ease': BEIJING, Aug. 12 (Xinhuanet) -- China's inflationary pressure might ease for the rest of the year, as grain price hikes on the international market are unlikely to spill into the country because of ample grain reserves, economists have said. The country's consumer price index ...

China scraps preferential power rates for energy-intensive firms: BEIJING, Aug. 6 (Xinhua) -- Preferential electricity rates granted by 22 provincial governments for high energy-consuming businesses have been totally scrapped, China's top economic planner announced Friday. All energy-intensive enterprises must be subject to the new power tariff ...

China's July new lending drops to 532.8 bln yuan: BEIJING, Aug. 11 (Xinhua) -- New yuan-denominated lending in July fell to 532.8 billion (78.6 billion U.S. dollars) from 603.4 billion yuan in June, the People's Bank of China (PBOC), the central bank, said in a statement Wednesday. The July figure brought new loans for the first ...

China's July consumer confidence rebounds amid easing inflationary pressures: BEIJING, Aug. 9 (Xinhua) -- The Chinese spent more in July as inflationary pressures have eased with a fall in the food prices, according to the latest reading of an index that gauges the consumer confidence published Monday. The Bankcard Consumer Confidence Index (BCCI), ...

China's machinery sector may cool in step with economy: BEIJING, Aug 5(Xinhunet) -- China's machinery industry has rebounded during the first half of this year, but the momentum is likely to slow as the country's economy cools. The machinery industry has grown by 37 percent during the first six months of 2010, with a total output ...

China's domestic iron ore, steel trends hit markets: BEIJING, Aug.4 (Xinhuanet) -- Rising domestic iron ore production and slowing steel demand have hit some foreign miners and affected the global market, industry leaders said on Tuesday. China's iron ore imports dropped for the third straight month to 47.2 million tons in June, ...

China's land supply up 135% in H1 amid worries on property prices: BEIJING, Aug. 1 (Xinhua) -- China provided 56,000 hectares of land for residential use in the first six months of 2010, up 135 percent over the same period last year, according to the Ministry of Land and Resources. A significant increase in the availability of land for housing ...

China's yuan stronger against USD Monday: BEIJING, Aug. 2 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), advanced to 6.7742 per U.S. dollar Monday from 6.7750 per U.S. dollar Friday, according to the data released by the China Foreign Exchange Trading System. China's central bank ...

China to continue exchange rate reform amid rise in production costs: PBOC official: BEIJING, July 28 (Xinhua) -- A senior Chinese central bank official said Wednesday China will continue to reform its exchange rate formation mechanism to consolidate coordinated and sustained economic growth amid a rise in production costs. "The current adjustment in the price of ...

China's western regions see fast growth: report: BEIJING, July 24 (Xinhua) -- The gross domestic product (GDP) in China's western regions grew by 13.5 percent year on year in 2009, much higher than the country's revised national GDP growth of 9.1 percent, according to a report issued here on Saturday. It is the eighth year in a ...

China's industrial profit up 71.8% in 1H: BEIJING, July 28 (Xinhua) -- Profits at Chinese industrial enterprises in 24 regions climbed 71.8 percent year on year to 1.61 trillion yuan (237.5 billion U.S. dollars) in the first six months, the National Bureau of Statistics (NBS) said Wednesday. The growth rate was 11.2 ...

Morgan Stanley economist forecasts China's economy to expand over 10 pct in 2010: HONG KONG, July 18 (Xinhua) -- Hong Kong-based Morgan Stanley's chief Asia economist, Wang Qing said he was relatively optimistic about China's economic outlook and the world's third largest economy was expected to expand by more than 10 percent this year. In a recent interview ...

China's economy unlikely to see double-dip, economist: BEIJING, July 25 (Xinhua) -- While China's slowing economic growth in the second quarter renewed concerns about a "second-dip" of the world's third largest economy, analyst said it is not likely to happen, as the slower pace does not necessarily mean low level growth. China's ...

China's unemployment rate stands at 4.2%: BEIJING, July 23 (Xinhua) -- China's urban unemployment rate stood at 4.2 percent at the end of June, with 9.11 million urbanites registered as unemployed, the Ministry of Human Resources and Social Security said Friday.

China's central SOEs post 80.1 bln USD in six-month profit: BEIJING, July 19 (Xinhua) -- China's centrally-administered state-owned enterprises (SOEs) reported combined profits of 542.96 billion yuan (80.1 billion U.S. dollars) during the first half of this year, the nation's SOE watchdog said Monday. The figure represented an increase of ...

China's first half fiscal revenue up 27.6%: BEIJING, July 15 (Xinhua) -- China's fiscal revenue rose 27.6 percent in the first six months from a year earlier to 4.33 trillion yuan (639.74 billion U.S. dollars), said the Ministry of Finance (MOF) Thursday. From January to June, tax revenues increased by 30.8 percent from ...

China's June CPI rises 2.9%: BEIJING, July 15 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.9 percent year on year in June, the National Bureau of Statistics (NBS) announced here Thursday. The June data eased from 3.1 percent in May and was below market estimates mostly ...

Ministry says tightening measures on housing market will continue in China: BEIJING, July 12 (Xinhua) -- The State Council's policies to rein in rapidly soaring housing prices in cities will continue and local governments should implement them "unswervingly", according to a statement released Monday from the Ministry of Housing and Urban-Rural Developmen...

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