-
Date:2011/11/17
According to the data released by CISA (China Iron and Steel Association), China's registered steelmakers contributed a daily crude steel output of 1.4801 million metric tons in early November, decreasing by 109 million metric tons as co...
-
Date:2011/11/18
The Chinese government should cut tax and loosen regulation of its financial system to solve problems that small- and medium-sized enterprises (SMEs) are currently facing, according to attendants at the China Hi-tech Forum in Shenzhen on Nov 17.
The...
-
Date:2011/11/21
China's trade surplus may drop to zero, or even negative digits in next two years, said Li Daokui, an advisor and member of the monetary policy committee of the People's Bank of China, the nation's central bank.
The country's nar...
-
Date:2011/11/16
Chinese Premier Wen Jiabao said in Beijing Tuesday that China will make the utmost efforts to promote green growth and curb pollution.
"Green growth focuses on energy conservation, reduced energy consumption, sustainable development and environmenta...
-
Date:2011/11/18
The People's Bank of China (PBOC), the country's central bank, on Thursday mildly surprised traders by ceasing liquidity injection in open market operations amid speculations that a selective loosening in policy is imminent.
Completing its...
-
Date:2011/11/21
China's imports and exports of mineral products accounted for nearly 35 percent of the country's total foreign trade, said Xu Shaoshi, minister of land and natural resources.
Although the development of the country's mineral ind...
-
Date:2011/11/16
Despite their previous frustrations, Chinese investors will find that the doors remain open for them in the United States, and there is potential in private sectors and the IT industry, a senior US financial official said on Wednesday.
There a...
-
Date:2011/11/18
China's Ministry of Finance announced Thursday that the country will start replacing its turnover tax with a value-added tax (VAT) in the transport sector and some service sectors in Shanghai starting from Jan 1.
The announcement came after the...
-
Date:2011/11/21
China will likely loosen restrictions on the property market in the third quarter of next year, as plummeting prices could slow economic growth, according to a university report.
Property prices, sales and investment will fall in the first qua...
-
Date:2011/11/16
China's power consumption rose 11.35 percent in October from a year earlier, slowing from September's 12.2-percent growth, the National Energy Administration (NEA) said Tuesday.
The country's total power usage reached 379.7 billion ki...
-
Date:2011/11/17
China's stocks opened higher on Thursday, with the benchmark Shanghai Composite Index up 0.03 percent to open at 2,467.7.
The Shenzhen Component Index opened 0.04 percent higher at 10,317.32.
Source: Xinhua
-
Date:2011/11/21
China's apparent consumption of natural gas rose 20.4 percent year-on-year to 104.1 billion cubic meters in the first 10 months, driven by an increased demand for power, according to the country's top economic planner.
The apparent consump...
-
Date:2011/11/16
China's foreign exchange regulator on Tuesday said the country continued to see surpluses both under the current account and financial account in the third quarter of this year.
The surplus under the current account, which measures China's...
-
Date:2011/11/17
The Chinese currency Renminbi, or the yuan, weakened 44 basis points to 6.3553 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 ...
-
Date:2011/11/21
Accordingly, the domestic steel inventories in Chinese 25 main cities decreased by 0.264 million metric tons vs prior week to 13.164 million metric tons last week, signifying that the domestic steel stockpiles have decrease for sixth strai...
-
Date:2011/11/16
The Chinese currency Renminbi, or the yuan, weakened to 6.3509 against the U.S. dollar on Wednesday from Tuesday's 6.3436, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed...
-
Date:2011/11/17
The nation's export outlook is dimming on a combination of weak demand in developed countries and rising domestic costs, according to the Ministry of Commerce.
"The export situation in the next period is not optimistic," said Shen Danyang...
-
Date:2011/11/21
The Chinese currency Renminbi, or the yuan, strengthened 26 basis points to 6.3522 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 o...
-
Date:2011/11/16
China's stocks opened mixed on Wednesday, with the benchmark Shanghai Composite Index down 0.03 percent to open at 2,529.07.
The Shenzhen Component Index opened 0.1 percent higher at 10,593.55.
Source: Xinhua
-
Date:2011/11/17
Direct investment from the United States to China continued to decline in October, partly as a result of the reshoring of manufacturing activity and the rising cost of labor in China, according to the Ministry of Commerce. However, the ministry said ...