Archive for the ‘China Economy’ category
Chinese vice president calls for stronger FOCAC
Visiting Chinese Vice President Xi Jinping delivers a speech at the opening ceremony of the Seminar Celebrating the 10th Anniversary of the Establishment of the Forum on China-Africa Cooperation in Pretoria, South Africa, Nov. 18, 2010. (Xinhua/Pang Xinglei) PRETORIA, South Africa, Nov. 18 (Xinhua) — Visiting Chinese Vice President Xi Jinping on Thursday called here [...]
China-made regional jet undergoes high-intensity tests
Regional aircraft ARJ21-700 made in China arrives in Zhuhai, south China’s Guangdong Province, Nov. 9, 2010. ARJ21-700, designed and manufactured in China, will take part in the 8th China International Aviation and Aerospace Exhibition, slated to open on Nov. 16. (Xinhua/Xi Hu) ZHUHAI, Nov. 15 (Xinhua) – China’s independently-developed regional ARJ21-700 jet has begun high-intensity [...]
Chinese shares tumble on tightening policy concern
BEIJING, Nov. 16 (Xinhua) — Chinese equities slid Tuesday as investors feared prospects of higher interest rates and inflation control policies would hurt earnings. Shares in property developers, metal companies and banking headed the sell-off with the benchmark Shanghai Composite Index down 3.98 percent, or 119.88 points, to close at 2,894.54. The Shenzhen Component Index [...]
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.S. dollars, the Ministry of Commerce (MOC) said Tuesday. The October figure means [...]
China targets liquidity to cool inflation
An employee puts bags of sugar on to shelves at a supermarket in Beijing. The price of the commodity has doubled in China since the beginning of the year. (Photo: China Daily) BEIJING, Nov. 17 (Xinhuanet) — China’s Ministry of Commerce said on Tuesday it will adopt measures and work in concert with other [...]
Chinese government announces guidelines to tame price rises
An employee puts bags of sugar on to shelves at a supermarket in Beijing. The price of the commodity has doubled in China since the beginning of the year. (Photo: China Daily) BEIJING, Nov. 17 (Xinhua) — China’s State Council Wednesday announced price control guidelines to reassure consumers facing rising inflation and urged local authorities [...]
HK stocks rebound as heavyweights gain
A pedestrian walks past an electronic panel displaying the Hang Seng Index in Hong Kong, south China, Nov. 18, 2010. Hong Kong stocks rose 422.93 points to finish at 23,637.39 points Thursday. (Xinhua/Lui Siu Wai) HONG KONG, Nov. 18 (Xinhua) — Hong Kong stocks spiked on Thursday after a nearly 6 percent drop of the [...]
China stocks close up Thursday, led by coal miner shares
BEIJING, Nov. 18 (Xinhua) — Chinese equities staged a rebound Thursday as shares of coal miners drove the benchmark Shanghai Composite Index 0.94 percent higher to close at 2,865.45, up 26.6 points. The Shenzhen Component Index closed up 1.92 percent, or 228.65 points, to end at 12,146.15. Combined turnover was 235.5 billion yuan (35.5 billion [...]
China hikes bank reserves to ease inflation expectations
BEIJING, Nov. 10 (Xinhua) — China’s central bank moved a step further to tighten liquidity amid increasing inflation pressures as it ordered Chinese banks to set aside more reserves on Wednesday. The People’ s Bank of China, or the central bank, announced it would raise the deposit reserve requirement ratio (RRR) for Chinese financial institutions [...]
Rising food costs boost China’s inflation rate to 25-month high
Vegetables are seen at a market in Xining, capital of northwest China’s Qinghai Province, Nov. 11, 2010. Surging food prices pushed up China’s consumer price index (CPI), a major gauge of inflation, to a 25-month high of 4.4 percent in October, the National Bureau of Statistics (NBS) said Thursday. (Xinhua/Zhang Hongxiang) BEIJING, Nov. 11 (Xinhua) [...]