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Chinese gov't gears up for cooling housing market: BEIJING, Sept. 30 (Xinhua) -- Experts said Thursday that the latest measures taken by the Chinese government to cool the property market would produce tangible results, and stricter policies were expected. "The new policies represent the government's tougher stance in curbing ...

Chinese vice premier calls more afforestation efforts to build greener China: BEIJING, Sept. 27 (Xinhua) -- Chinese Vice Premier Hui Liangyu Monday called for increased efforts to push forward the nation's afforestation, in a bid to build a greener country. Hui, who heads the National Afforestation and Greening Committee, made the remarks in a congratulato...

China's business climate index gains in Q2, but entrepreneurs' confidence dips: BEIJING, July 9 (Xinhua) -- China's business climate index, a major measure of macro-economic outlook, rose slightly by 3.0 points in the second quarter from the previous quarter while the entrepreneurs' confidence softened 2.5 points to 133, the National Bureau of Statistics ...

China to further reform of yuan exchange rate formation mechanism: senior official: WASHINGTON, Oct. 7 (Xinhua) -- China would continue to further the reform of the formation mechanism of its currency (RMB) yuan exchange rate, but a sharp rise in the value of the currency would damage the Chinese economy, a senior official of the People's Bank of China (PBOC), ...

China's Jan-Aug industrial profits up 55 pct: BEIJING, Sept. 27 (Xinhua) -- Industrial profits in China rose 55 percent in the first eight months of 2010 from the same period last year, the National Bureau of Statistics (NBS) said on Monday. The growth in profits marked a slowdown from the increase of 81.6percent in the ...

Chinese mainland bank sets up first representative office in Taiwan: BEIJING, Sept. 24 (Xinhua) -- Bank of Communications (BOCOM), China's fifth largest lender by assets, Friday announced that it had established a representative office in Taiwan, the first such office set up by a bank from the Chinese mainland. A BOCOM spokesperson said the move ...

China's economy to grow 9.6% in 2010, says Asian Development Bank: BEIJING, Sept. 28 (Xinhua) -- China's economy is forecast to grow by 9.6 percent in 2010, said the Asian Development Bank (ADB) on Tuesday. ADB's growth forecast for China in 2011 remained at 9.1 percent, said Paul Heytens, ADB's Country Director for China, at a press conference ...

China orders compulsory energy-saving assessments of new fixed asset investments: BEIJING, Sept. 21 (Xinhua) -- China on Tuesday stepped up its efforts to boost energy conservation in the country, enforcing new rules demanding energy-saving assessments of new fixed asset investment projects. All new investments must undergo independent assessments and ...

China's yuan rises to new record against U.S. dollar Monday: BEIJING, Sept. 20 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), rose 62 basis points Monday to a new record high at 6.711 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. Monday's yuan central parity ...

China outlines roadmap in developing emerging industries of strategic importance: BEIJING, Sept. 8 (Xinhua) -- The Chinese government on Wednesday stressed the importance for the country to step up efforts to develop emerging industries of strategic importance. The statement was issued following an executive meeting of China's State Council, or the cabinet, ...

China's central SOEs profits up 50% in first eight months: BEIJING, Sept. 17 (Xinhua) -- China's centrally-administered state-owned enterprises (SOEs) reported profits of 723.55 billion yuan (107.83 billion U.S. dollars) in the first eight months, up 50 percent year on year, the nation's SOE watchdog said Friday. But the growth rate was ...

China's economic stimulus creates 22 million jobs: minister: BEIJING, Sept. 16 (Xinhua) -- So far an estimated 22 million jobs have been created in China from the government's 4-trillion-yuan (595.4 billion U.S. dollars) stimulus injected into the economy since the international financial crisis hit. Yin Weimin, minister of human resources ...

Chinese statistics chief hopes for 10% economic growth, 3% inflation in 2010: TIANJIN, Sept. 15 (Xinhua) -- It would be a "good result" for China's economy if the country could achieve a growth rate of around 10 percent and around 3 percent rise in consumer prices this year, Chinese statistics chief said here Wednesday. Ma Jiantang, director of the ...

Major economies take offensive measures against high jobless rates: BEIJING, Sept. 8 (Xinhua) -- With jobless rates still hovering high, the ailing world economy, despite seemingly in slow recovery, needs a more effective cure to avoid a possible return of recessions. The International Monetary Fund, or the IMF, said in its report that the global ...

China's August exports growth slows while imports growth accelerates: BEIJING, Sept. 10 (Xinhua) -- China's exports increased 34.4 percent in August from a year earlier to 139.3 billion U.S. dollars, but the pace of growth slowed from July's 38.1-percent surge, the General Administration of Customs (GAC) said Friday. The country's imports rose 35.2 ...

China to continue seeing large influx of foreign investment in coming years: commerce minister: XIAMEN, Sept. 7 (Xinhua) -- China will continue to attract large influxes of foreign investment in the next few years despite uncertainties in the global economic recovery, Commerce Minister Chen Deming said Tuesday. Although uncertainties lie in the process of the global ...

China to create blacklist to enhance quality of "made in China": BEIJING, Sep. 2 (Xinhua) -- China's Ministry of Industry and Information Technology (MIIT) said Thursday it would urge industrial enterprises to produce high-quality products as part of the effort to enhance the image of "made in China." The Ministry would also draw up a ...

Import growth outpaces China's exports in October trade: BEIJING, Nov. 10 (Xinhua) -- China's exports rose 22.9 percent in October from a year earlier to 135.98 billion U.S. dollars, while imports increased 25.3 percent to 108.83 billion U.S. dollars, the General Administration of Customs (GAC) said Wednesday. Exports and imports in ...

China's yuan strengthens 123 basis points against USD: BEIJING, Sept. 2 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), strengthened 123 basis points to 6.8003 per U.S. dollar Thursday from 6.8126 per U.S. dollar Wednesday, according to the data released by the China Foreign Exchange Trading System. ...

China's bank regulator to curb speculative property investment: BEIJING, Aug. 31 (Xinhua) -- China's banking regulator will strictly implement the central government's macroeconomic policies that aim to curb soaring housing prices, an official said Tuesday. Ye Yanfei, deputy head of the Statistics Department of the China Banking Regulatory ...

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