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China economy faces complicated domestic, international conditions: official: BEIJING, Aug. 26 (Xinhua) -- China's top economic planner said Thursday that China's economy still faced complicated domestic and international conditions. The foundation for world economic recovery remained fragile, and uncertain and unstable factors still abounded, said Zhang ...

China's auto industry H1 gross output value up 49 pct on subsidy program: BEIJING, Aug. 23 (Xinhua) -- The value of the gross output of China's auto industry surged 49 percent year on year to 2.086 trillion yuan (308 billion U.S. dollars) in the first half of the year, officials at the Ministry of Industry and Information Technology (MIIT) said Monday. ...

U.S. economic stimulus adds up to 3.3 million jobs in second quarter: CBO: WASHINGTON, Aug. 24 (Xinhua) -- The Obama administration's economic stimulus package has added as many as 3.3 million jobs in the second quarter of this year, the nonpartisan Congressional Budget Office (CBO) reported on Tuesday. The CBO is required by law to issue quarterly ...

Chinese premier stresses merger and acquisition of coal mine industry: [object Object]

Chinese firms improve profitability, face rising costs: survey: BEIJING, Nov. 13 (Xinhua) -- Chinese enterprises improved their profitability in the first half, compared with the past two years, but rising costs remain a major challenge, according to a survey released Saturday. The survey by China Entrepreneurs Survey System (CESS) found that ...

China hikes bank reserves to ease inflation expectations: BEIJING, Nov. 10 (Xinhua) -- China's central bank moved a step further to tighten liquidity amid increasing inflation pressures as it ordered Chinese banks to set aside more reserves on Wednesday. The People' s Bank of China, or the central bank, announced it would raise the ...

OECD sees mixed picture of economic growth in world's major economies: PARIS, Nov. 8 (Xinhua) -- Latest indicators issued by the Organization for Economic Cooperation and Development (OECD) showed a mixed picture of economic growth in major economies, the Paris-based advisory agency said Monday. Composite leading indicators (CLIs) in September ...

Chinese economic growth likely to slow to 7% in next 3 to 5 years: gov't economist: BEIJING, Nov. 6 (Xinhua) -- Chinese economic growth may slow to about 7 percent per annum in the next three to five years from the current 10 percent level, Liu Shijin, deputy director of the Development Research Center of the State Council, a government think tank, told a forum ...

China's banking regulator stresses banks' role in transforming growth pattern: BEIJING, Nov. 3 (Xinhua) -- China's banking regulator on Tuesday said the banking industry, pillar of the nation's financial system, has an important role to play in transforming the country's economic growth pattern as it highlighted four areas in boosting the process. Jiang ...

China climbs to 22nd place in WEF financial development ranking: NEW YORK, Nov. 4 (Xinhua) -- China moved up to the 22nd place in terms of financial development in 2010, four places higher than last year, the World Economic Forum (WEF) said in a report released in New York on Thursday. The Financial Development Report ranks 57 of the world's ...

Global economic rebalancing needs coordinated monetary policies: OECD: PARIS, Nov. 3 (Xinhua) -- The post-crisis effort to consolidate economic recovery and rebalance global economy needs coordinated monetary policies of advanced and emerging countries, senior official of the Organization for Economic Cooperation and Development (OECD) said ...

Chinese firms' overseas investments up 10.4% in first 9 months: BEIJING, Nov. 2 (Xinhua) -- Chinese companies' overseas investment rose 10.4 percent year on year in the first nine months even as global investment as a whole dropped sharply over the period, a senior Chinese official said Tuesday. Chinese companies invested 36.3 billion U.S. ...

China October manufacturing sector PMI hits 54.7%, raising inflation concerns: BEIJING, Nov. 1 (Xinhua) -- The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 54.7 percent in October, suggesting increased inflationary pressures in the near term, the China Federation of Logistics and Purchasing (CFLP) said Monday. The figure, 0.9 ...

Chinese investors take advantage in global mining M&A market: accounting group: BEIJING, Oct. 28 (Xinhua) -- Access to debt finance, leading technology and lower cost gave Chinese mining and metals investors an advantage in the global mergers and acquisitions (M&A) market, accounting giant Ernst & Young said Thursday. "Competition for mining and metals ...

Soaring coal prices set to hit power generators: A worker looks at a China Huaneng Group power generation plant in Anhui province.(Source: China Daily) BEIJING, Oct. 27 (Xinhuanet) -- Chinese power generators are likely to suffer losses this year as higher coal prices continue to erode profit margins, industry figures showed. ...

China industrial profits up 53.5% in first nine months: BEIJING, Oct. 28 (Xinhua) -- Chinese industrial profits rose 53.5percent year on year in the first nine months of 2010, the National Bureau of Statistics (NBS) said Thursday. That growth rate was 2.8 percentage points lower than that in the first eight months. It was also lower ...

How major economies learn from others to transform themselves: BEIJING, Oct. 17 (Xinhua) -- China can learn from other major economies as it is mapping out its 12th five-year plan on accelerating the transformation of the nation's economic development pattern. Post-war Germany was quickly rebuilt and emerged as one of the world's biggest ...

Japanese cabinet approves extra budget for stimulus package: TOKYO, Oct. 26 (Xinhua) -- The Japanese cabinet approved on Tuesday an extra budget to finance an additional stimulus package worth some 5 trillion yen or 61.8 billion U.S. dollars.

China's unemployment rate falls to 4.1% by Q3: BEIJING, Oct. 22 (Xinhua) -- China's urban unemployment rate stood at 4.1 percent at the end of September, with 9.05 million urbanites registered as unemployed, a Ministry of Human Resources and Social Security official said here Friday. The rate dropped 0.1 percentage points ...

Chinese think tank calls for refocus of auto industry development: SHANGHAI, Oct. 23 (Xinhua) -- An official of one of China's top government think tanks called on Saturday for the readjustment of the nation's breakneck expansion of the auto industry as an explosion of new cars on China's roads aggravates problems with pollution and congestion. ...

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Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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