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Date:2012/02/03
People from overseas hoping to buy a home in China will no longer be granted medium- or long-term mortgages, the National Development and Reform Commission (NDRC) said on Thursday.
The new policy is the government's latest measure to cool...
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Date:2012/02/03
The United States is likely to start more anti-dumping and anti-subsidy investigations into Chinese exports of auto parts, the Ministry of Commerce said on Thursday.
The Alliance for American Manufacturing claimed on Tuesday that the Chinese go...
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Date:2012/02/03
China's net crude oil import growth is expected to slow for a second consecutive year in 2012 to 5.98 percent, in conjunction with weaker economic expansion, according to China National Petroleum Corp (CNPC), the country's biggest oil produ...
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Date:2012/02/03
According to Xinhua-China iron ore price index recently, the domestic imported iron ore stockpiles in Chinese 25 main ports reached 98.13 million metric tons in last week, dropping by 0.64 million metric tons compared to previous week. At the same ti...
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Date:2012/02/01
China's net international investment position at the end of September 2011 was positive to the tune of $1.89 trillion, the State Administration of Foreign Exchange (SAFE) announced Tuesday.
The net international investment position is the...
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Date:2012/02/02
China's manufacturing sector expanded in January, as indicated by a slight rise in the Purchasing Managers' Index (PMI) to 50.5 from 50.3 in December.
The rise was a signal that the pace of economic moderation was stabilizing, analys...
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Date:2012/02/01
Accordingly, in 2011 China had imported 0.9486 million t of silicon steel products, down 2.52% compared to the previous year. Meanwhile, China also had exported 0.2355 million t of silicon steel products, swelling by 51.17% year over year.
In...
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Date:2012/01/30
Trade tensions between China and the United States may be exacerbated by the global financial outlook and US election politics, economists said.
"What I worry about are trade tensions between China and the US," Stephen Roach, senior research f...
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Date:2012/02/02
China's State Council, or the Cabinet, on Wednesday called for more efforts to support the sound development of small and micro-sized enterprises.
"Small and micro-sized firms serve as a significant channel for creating jobs, a major plat...
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Date:2012/01/31
Draft rules concerning the imposition of capital gains taxes on foreign qualified institutional investors (QFIIs) are ready to be published, and the tax can help to limit capital outflows and improve the quality of investment projects, analysts said....
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Date:2012/01/30
Last summer, Beijing resident Jiang Bin successfully limited his monthly electricity bills incurred by his family of three to less than 100 yuan ($16) by using energy-efficient lamps and low-energy appliances.
Jiang is an advocate for the Live a Gre...
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Date:2012/02/02
It is both necessary and possible for China to maintain a proactive fiscal policy this year, Chinese Finance Minister Xie Xuren said on Wednesday.
In a signed article published in the Qiushi Journal under the Central Committee of the Com...
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Date:2012/01/31
China's government debt is at an "overall safe and controllable" level, said Premier Wen Jiabao, who pledged that funding for key projects would be ensured and steps would be taken to gradually digest the risks.
"Through clean-ups and reg...
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Date:2012/01/30
The Chinese currency Renminbi, or the yuan, gained 82 basis points to 6.3056 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall...
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Date:2012/02/02
China is ready to respond to possible complaints over its rare earth export restrictions at the World Trade Organization, a Ministry of Commerce (MOC) official said Wednesday.
The remarks followed a WTO decision on Monday to uphold a ruling ag...
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Date:2012/01/31
Shanghai will become the global center of yuan trading, clearing and pricing by 2015, in line with a State plan to make the city an international financial hub by 2020.
Financial experts said the plan will not put the city in direct competition...
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Date:2012/01/30
Chinese shares opened slightly lower Monday, with the benchmark Shanghai Composite Index down 0.23 percent to open at 2,324.49.
The Shenzhen Component Index opened at 9,482.21, down 0.17 percent.
Source: Xinhua
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Date:2012/02/02
The Chinese currency Renminbi, or the yuan, gained 28 basis points to 6.3075 against the U.S. dollar on Thursday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fa...
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Date:2012/01/31
As of the end of January, a total of 28 municipalities and provinces in China have released their 2011 economic data, China Business News (CBN) reported Monday.
Only Beijing, Shanghai and Zhejiang have an economic growth lower than the nation&#...
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Date:2012/01/30
China's coal imports are expected to further grow in the next few years, driven by robust domestic demand and the comparatively lower price of imported coal, experts said Saturday.China overtook Japan as the world's biggest coal imp...