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Profits of China's SOEs up 46% in 1st 9 months: figures: BEIJING, Oct. 19 (Xinhua) -- Profits of China's state-owned enterprises (SOEs) hit 1.44 trillion yuan (216.4 billion U.S. dollars) in the first nine months, up 46.2 percent year on year, figures released Tuesday by the Ministry of Finance show. Combined profits of China's SOEs ...

China's GDP grows 9.6% in Q3: BEIJING, Oct. 21 (Xinhua) -- China's GDP grew 9.6 percent in the third quarter from the same period last year, the National Bureau of Statistics said on Thursday. The growth rate slowed down from 11.9 percent in the first quarter and the 10.3 percent in the second quarter.

China targets better economic growth: BEIJING, Oct. 18 (Xinhuanet) -- As Chinese lawmakers meet this week in Beijing to discuss the nation's policy blueprint for the next five years, expectations abound that they'll focus on improving the quality of growth, rather than its pace. As our reporter Guan Xin finds out, ...

China's yuan hits new high at 6.6582 against U.S. dollar Thursday: BEIJING, Oct. 14 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Thursday as the central parity rate of the yuan was set at 6.6582 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. Thursday's ...

IMF's quota reform aims at increasing global confidence: China's central bank governor: WASHINGTON, Oct. 8 (Xinhua) -- Giving emerging economies a bigger say at the International Monetary Fund (IMF) would broaden its representation and boost global confidence but it should not be linked to taking greater responsibility in the global economy, Governor of the People's ...

China's business climate index, entrepreneur confidence gain in Q3: BEIJING, Oct. 13 (Xinhua) -- China's business climate index, a major measure of macro-economic outlook, rose by 2 points in the third quarter while the entrepreneur confidence gained 2.9 points over the previous quarter, the National Bureau of Statistics (NBS) announced Wednesday...

China's foreign debt up 70 bln USD from March: BEIJING, Oct. 9 (Xinhua) -- China's outstanding external debt by the end of June reached 513.81 billion U.S.dollars, up 70.57 billion U.S. dollars compared to the end of the first quarter this year, government figures show. The figures excluded the outstanding external debt from ...

China raises gasoline, diesel prices: BEIJING, Dec. 21 (Xinhua) -- China will raise gasoline and diesel prices 310 yuan (about 46 U.S. dollars) per tonne and 300 yuan per tonne, respectively, beginning Wednesday, the National Development and Reform Commission(NDRC) announced Tuesday. The is the second increase in ...

Chinese gov't confident of keeping inflation in check: Premier Wen: BEIJING, Dec. 26 (Xinhua) -- With a series of measures being adopted to curb price spikes, the Chinese government is confident of keeping prices at a reasonable level, Premier Wen Jiabao said Sunday morning. "Inflation expectations are more dire than inflation itself," Wen said, ...

Measures being taken to ensure daily necessities supply: Ministry of Commerce: BEIJING, Dec. 20 (Xinhua) -- A series of measures have been taken to regulate the daily necessities market in an effort to curb sharp price fluctuations this year, the Ministry of Commerce (MOC) said Monday. The measures are based on macro-control expectations and are in line ...

China targets 10 pct annual growth of foreign trade in 2011: BEIJING, Dec. 22 (Xinhua) -- China has set targets of 10 percent growth both in foreign trade and non-financial overseas direct investment in 2011, a senior commerce official said Wednesday. Huo Jianguo, president of the Chinese Academy of International Trade and Economic ...

China pledges to curb excessive growth in land price: BEIJING, Dec.19 (Xinhua) -- China's land regulators urged local land authorities late Sunday to take concrete measures against excessive growth in the country's land prices in some Chinese cities and crack down on illegal behavior, such as land hoarding, to ensure the implementat...

China GDP to hit 37 trillion yuan mark in 2010: gov't think tank: BEIJING, Dec. 15 (Xinhua) -- A leading Chinese government think tank in a research report issued Wednesday predicted that China's economy in 2010 would grow 10 percent year on year with gross domestic product (GDP) reaching 37 trillion yuan (5.56 trillion U.S. dollars). In its ...

More policies to curb inflation: BEIJING, Dec. 13 (Xinhuanet) -- China vowed on Sunday to increase efforts to combat inflation while maintaining "stable and relatively fast" economic growth, as consumer inflation hit a 28-month high of 5.1 percent in November. "The priority is to actively and properly handle the ...

Global economy to continue modest growth in 2011: Merrill Lynch: NEW YORK, Dec. 14 (Xinhua) -- Bank of America Merrill Lynch Global Research said on Tuesday that 2011 will see modest global economic growth. In its 2011 Year Ahead outlook, Merrill Lynch Global Research projected that the cyclical bull market in risk assets that began in March ...

China's industrial value added output up 13.3% in Nov.: BEIJING, Dec. 11 (Xinhua) -- China's industrial value-added output year-on-year growth quickened to 13.3 percent in November from 13.1 percent in October, the National Bureau of Statistics (NBS) said Saturday. The growth rate for the first 11 months was 15.8 percent year on year, ...

China November exports, imports grow strongly; trade surplus narrows: BEIJING, Dec. 10 (Xinhua) -- China's foreign trade grew strongly on a year-on-year basis in November, boosted by rising demand ahead of the Christmas shopping season, as the nation's trade surplus narrowed. China's exports rose 34.9 percent year on year in November to 153.33 ...

China November exports, imports grow strongly; trade surplus narrows: BEIJING, Dec. 10 (Xinhua) -- China's foreign trade grew strongly on a year-on-year basis in November, boosted by rising demand ahead of the Christmas shopping season, as the nation's trade surplus narrowed. China's exports rose 34.9 percent year on year in November to 153.33 ...

China to shift to prudent monetary policy next year: BEIJING, Dec. 3 (Xinhua) -- China said on Friday that it will switch its monetary policy stance from relatively loose to prudent next year to tackle rising inflation and keep economic growth at sustainable pace. The Political Bureau of the Communist Party of China (CPC) Central ...

Chinese economy's biggest challenge is economic restructuring: expert: BEIJING, Dec. 6 (Xinhua) -- A well-known economist said Monday that the biggest problem in China is not inflation, but shifting its economic structure to maintain sustainable growth. "The biggest challenge faced by China is economic restructuring in order to shift the economy to ...

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