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Date:2011/08/25
China''s non-financial outbound direct investment (ODI) in July dropped by 58.1 percent year-on-year to $3.73 billion, mainly due to a decline in the amounts going into developed economies such as the United States, the European Union and Japan.
But...
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Date:2011/08/25
China''s Ministry of Commerce said Wednesday it will try to formally green light foreign direct investment (FDI) in the Chinese currency renminbi (RMB), or the yuan, in September.
"The ministry has released a draft regulation on cross-border d...
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Date:2011/08/23
According to average iron ore price indexes compiled by Platts on August 15, during the most recent three months, the average iron ore price has decreased by $2 per t as compared to the iron ore contract price in third quarter to $174.8 per t, signif...
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Date:2011/08/25
China''s economic development is facing unprecedented challenges amid worldwide financial uncertainties resulting from the risk of debt default by some developed economies, analysts said.
However, they predicted relatively steady, high growth ...
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Date:2011/08/23
A majority of listed Chinese companies have forecasted growing profits in the first three quarters of this year despite growing concerns over a global economic downturn, according to recent data.
Out of 510 listed companies that issued earnings fore...
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Date:2011/08/22
According the news released by Nantong's government recently, a new steel product logistics center has been launched in Nantong's exclusive economic zone with an overall investment of RMB500 million, which will promote the further development...
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Date:2011/08/25
According to the data released by MOFCOM on August 24, China's domestic steel price inched up 0.4% for the week ended on August 21 compared to prior week. For instance, the price for high speed wire rod with diameter of 6.5 mm and rebar with ...
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Date:2011/08/23
China has over 150 business start-up incubators for Chinese students who have studied abroad, according to a statement issued at a national working conference on services for returning Chinese students Monday.
These incubators provide business...
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Date:2011/08/19
The Census and Statistics Department of Hong Kong announced Thursday that the seasonally adjusted unemployment rate decreased from 3.5 percent in April-June to 3.4 percent in May-July.
The underemployment rate also declined from 1.8 percent to 1.7 p...
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Date:2011/08/25
China's trade surplus fell to 1.44 percent of the country's gross domestic product (GDP) in the year's first half and the proportion is expected to drop further this year, the Ministry of Commerce said Wednesday.
China has seen its trade surplus-GDP ...
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Date:2011/08/23
China may achieve a trade balance next year, as weakening demand from the US and the EU will hit exports while imports are set to grow, an official from the country''s top think tank said.
"Next year will be a critical period for China''s trad...
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Date:2011/08/19
China's stocks closed lower on Thursday with the benchmark Shanghai Composite Index down 1.61 percent, or 41.79 points, to close at 2,559.47.
The Shenzhen Component Index fell 1.59 percent, or 184.12 points, to finish at 11,414.16.
Source: Xinhua
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Date:2011/08/24
The Chinese currency Renminbi, or the yuan, gained 91 basis points to a record high of 6.3896 per U.S. dollar on Wednesday, according to the China Foreign Exchange Trading system.
In China's foreign exchange spot market, the yuan is allowed to rise o...
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Date:2011/08/22
US Vice-President Joe Biden reassured China on Sunday that the United States would never default on its debt, and urged the world''s second-largest economy to continue to invest in US Treasury bonds.
In his only major address during a six-day ...
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Date:2011/08/19
In July of current year, China had produced 13.906 million t of HRC, down 0.92% month over month while increasing by 8.27% year over year. Meanwhile, China's average daily HRC output came to 0.4486 million t in July, down 0.91% month over mon...
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Date:2011/08/24
China's stocks end lower on Wednesday, tracking losses on the peripheral markets after Moody downgraded Japanese government's credit rating.
The benchmark Shanghai Composite Index gave up early gains in the morning session to close the day by f...
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Date:2011/08/22
China and Japan should accelerate their talks on a free trade agreement (FTA) and strengthen technical cooperation in new energy and environmental protection to achieve sustainable development, officials and opinion leaders from both countries said o...
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Date:2011/08/24
Liu Mingkang, chairman of China's Banking Regulatory Commission (CBRC), on Tuesday said the regulator will prohibit bank loans from entering the stock market in an effort to enhance risk control for Chinese banks.
Liu said the CBRC will also ban ban...
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Date:2011/08/18
According to the data released by CISA (China Iron and Steel Association), China's registered steelmakers have contributed a daily crude steel output of 1.631 million t in early August, up 1.24% as compared to late July. Meanwhile, China's av...
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Date:2011/08/22
The world economy will not experience a double-dip recession and emerging countries, including China, will not be much affected by turmoil in Western markets, a senior economist said on Saturday.
"Currently, there is no double-dip trend. It''s just ...