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China to shift to prudent monetary policy next year: BEIJING, Dec. 3 (Xinhua) -- China will shift its monetary policy stance from relatively loose to prudent next year, the Political Bureau of the Communist Party of China (CPC) Central Committee decided Friday. To accelerate the transformation of the economic development pattern ...

China's PMI of manufacturing sector rises to 55.2% in Nov.: BEIJING, Dec. 1 (Xinhua) -- The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 55.2 percent in November, up 0.5 percentage points from October, the China Federation of Logistics and Purchasing (CFLP) said Wednesday. The figure marked an increase for the ...

China's domestic demand to be engine of world economy in 5-10 years: economist: CHICAGO, Nov. 30 (Xinhua) -- China has been trying to generate more demand from itself, which is likely to become the engine of world economy in 5-10 years, an economist with the University of Chicago said Tuesday. Raghuram Rajan, former chief economist of the International ...

China's central bank keeps watch on prices, liquidity: BEIJING, Nov. 29 (Xinhua) -- China's central bank has been keeping a close watch on prices, market liquidity and economic growth and has taken "responsive measures" in accordance with market changes, Ma Delun, deputy governor of the People's Bank of China, said Monday. Such ...

China to get tougher in energy saving, emission reduction: officials: BEIJING, Nov. 24 (Xinhua) -- China will resort to more legal, technical and fiscal measures for greater progress in energy saving and emission reduction over the next 5 years, said officials attending the China International Green Industry Forum 2010 in Beijing Wednesday. Xie ...

China targets liquidity to cool inflation: China targets liquidity to cool inflation BEIJING, Nov. 17 (Xinhuanet) -- China's Ministry of Commerce said on Tuesday it will adopt measures and work in concert with other government agencies to cool the inflation heat prevailing in the country. "We would enhance the connection ...

China's cabinet orders local governments to take measures to rein in surging food prices: BEIJING, Nov. 20 (Xinhua) -- The State Council, China's cabinet, Saturday ordered local governments and departments to take further measures to battle rising prices. Local governments and departments must boost production and ensure supply while checking irrational demand and ...

China Oct. inbound FDI up 7.9% yoy; 15th consecutive monthly rise: BEIJING, Nov. 16 (Xinhua) -- Foreign direct investment (FDI) into China rose for the 15th consecutive month in October, indicating China remains a favored investment destination for foreign businesses. Inbound FDI increased 7.86 percent year on year in October to 7.663 billion U...

Chinese government announces guidelines to tame price rises: [object Object]

China abolishes 31 administrative fees to alleviate burden on enterprises: BEIJING, Feb. 12 (Xinhua) -- The Ministry of Finance said Saturday that China has abolished 31 types of administrative fees on enterprises since the beginning of the month in a bid to further improve the nation's business environment. The move is expected to reduce enterprises' ...

China's yuan rises 31 basis points to all-time high of 6.586 per USD Tuesday: BEIJING, Feb. 1 (Xinhua) -- The central parity rate of yuan, the Chinese currency, rose to a fresh high Tuesday, according to the China Foreign Exchange Trading System. The Chinese currency rose 31 basis points to 6.586 against the U.S. dollar Tuesday, breaking the previous ...

China's central bank raises priority of price controls: report: BEIJING, Jan. 30 (Xinhua) -- China's central bank said late Sunday that it would raise the priority of keeping overall price levels under control in 2011 by adopting a prudent monetary policy. "Controlling overall price levels will be higher up the agenda in 2011, while the ...

China's central bank raises priority of price controls: report: BEIJING, Jan. 30 (Xinhua) -- China's central bank said late Sunday that it would raise the priority of keeping overall price levels under control in 2011 by adopting a prudent monetary policy. "Controlling overall price levels will be higher up the agenda in 2011, while the ...

Some Chinese banks stop lending as January quotas reached: report: BEIJING, Jan. 28 (Xinhua) -- Some of China's major banks have stopped lending as they have already reached their January lending quotas, the China Securities Journal reported Friday citing banking sources. "Branches of a state-owned commercial bank were notified by their head ...

China approves launch of pilot property tax reforms: BEIJING, Jan. 27 (Xinhua) -- The State Council, China's cabinet, has approved on a trial basis the launch of property tax reforms in some cities. The pilot reform will tax property owner-occupiers for the first time, officials from the Ministry of Finance, the State Administratio...

Economists say inflation controllable in 2011, warn of stagflation: BEIJING, Jan. 25 (Xinhua) -- Chinese economists believed inflation would be controllable this year, but warned of stagnation, in exclusive interviews with Xinhua. Inflation will be generally "controllable" this year, as prices have mainly soared in agricultural products, ...

China's yuan advances to 6.5876 per USD Thursday: BEIJING, Jan. 27 (Xinhua) -- The central parity rate of yuan, the Chinese currency, Thursday gained 2 points to 6.5876 against the U.S. dollar, according to the China Foreign Exchange Trading System. China's central bank announced in June 2010 it would further reform the exchange ...

China meets 2010's price control target: NDRC: BEIJING, Jan. 24 (Xinhua) -- China's top economic planner said Monday that price supervision and control measures have achieved steady progress with 2010's Consumer Price Index, slightly exceeding the target ceiling by 0.3 percentage points to hit 3.3 percent. To rein in soaring ...

Lower December CPI figure shows success of China's price-cooling measures: NDRC: BEIJING, Jan. 20 (Xinhua) -- The decline in China's December consumer price index (CPI) compared to November shows China has achieved some success in cooling prices, the National Development and Reform Commission (NDRC) said Thursday. China's CPI rose 4.6 percent year on year in ...

China's external debt reaches 546.4 bln U.S. dollars by last Sept.: BEIJING, Jan. 19 (Xinhua) -- China's outstanding external debt (excluding that of Hong Kong SAR, Macao SAR and Taiwan Province) reached 546.449 billion U.S. dollars, said the State Administration of Foreign Exchange (SAFE) on Wednesday. Of the total outstanding external debt, the ...

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