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 Economy
People's Bank of China decided to cut the benchmark deposit and one-year lending rates by 0.27 percentage point to 5.31 percent and 2.25 percent, respectively, effective from 23rd of December. It is the fifth time in ... more»
2008-12-23
According to China’s Minister of Commerce Mr Chen Deming, it is estimated that China’s total value of imports and exports in 2008 may exceed 2.5 trillion USD, an approximate growth rate of 18 percent over ... more»
2008-12-23
According to a Chinese credit rating agency, China Chengxin International Credit Rating Co. (CCXI)’s report, China's gross domestic product (GDP) growth is estimated to slowdown to 9.4 percent in 2008 from ... more»
2008-11-03
China’s statistical authority announced that China accounts for 8.8% of world’s export by 2007, making it the world’s second largest exporter, after Germany. China’s scale of foreign trade in goods ... more»
2008-10-29
The result of a national survey by National Bureau of Statistics (NBS) of China showed that per capita disposable income of Chinese households rose in the first three quarters. In the case of urban households, disposable ... more»
2008-10-28
China’s leaders promise to increase domestic demand and maintain financial stability in order to combat the current global economic downturn. China's National Development and Reform Commission (NDRC)’s spokesperson said that ... more»
2008-10-23
China’s statistical authority, National Bureau of Statistics (NBS) announced that China’s gross domestic product (GDP) achieved RMB 20.16 trillion (EUR 2.2 trillion) in the first three quarters, an increase of ... more»
2008-10-21
China’s Ministry of Finance announced on 20th June 2008 that the government had allocated CNY19.8 billion (USA2.8 billion) in subsidies to groups and sectors affected by fuel price hikes. It was part of the government ... more»
2008-06-23
The People's Bank of China, the central bank, announced on 21st May 2008 that the financial market remained stable in the first four months with bond issuance up 43.7% year-on-year driven by policy banks' growing demand. ... more»
2008-05-26
The Ministry of Finance announced on 23rd May 2008 that it would issue CNY28 billion (about USD 4 billion) worth of three-month book-entry treasury bonds with an annual interest rate of 3.18% in the following week. It ... more»
2008-05-26
On 8th April 2008, China’s National Bureau of Statistics (NBS) released an upward revision of 2007 gross domestic product (GDP) growth at 11.9%, 0.5 point more than the initial estimate. According to a statement ... more»
2008-04-14
People's Bank of China announced on 11th April 2008 that the country's foreign exchange reserve had reached USD1.68 trillion by the end of March 2008, up 39.94% from the same period last year. According to the bank, a ... more»
2008-04-14
The Industrial and Commercial Bank of China (ICBC) forecast in a report issued on 3rd April 208 that the increase in the country's Consumer Price Index (CPI) for the first quarter of 2008 would be at 8%. The official government ... more»
2008-04-07
China’s State Administration for Taxation (SAT) announced on 1st April 2008 that the country’s tax revenue had been rising 23.8% annually from 2003 to 2007.According to the figures by SAT, the aggregate ... more»
2008-04-07
China Securities Regulatory Commission (CSRC), China's securities regulator, said on 14th March 2008 that it has approved the issue of three new funds as an apparent move to shore up the falling domestic equity market. ... more»
2008-03-17
Figures from China’s Ministry of Finance show that China's fiscal revenue in 2007 hit CNY5.13 trillion (USD733 billion) with an increase of CNY1.25 trillion and up 32.4% year on year.As the major source of revenue, ... more»
2008-03-10
Chinese officials said on 5th March 2008 that China would work to keep this year's CPI rise at about 4.8% of 2007 amid increasing inflationary pressure. According to Prime Minister Wen Jiabao’s report to the First ... more»
2008-03-10
At the 2008 Pension Fund International Seminar on 28th February, it is announced that, a the assets has increased sevenfold in the last six years, China's social security fund (SSF) exceeded USD70 billion by the end ... more»
2008-03-03
China’s Ministry of Finance said on 27th February that the government will issue CNY28 billion (about USD3.9 billion) worth of long-term book-entry treasury bonds with a fixed 4.16%annual interest rate. Interest ... more»
2008-03-03
The Chinese Banking Regulatory Commission (CBRC) announced that the Bankruptcy Act for Banking Institutions governing bankrupt banks in China has entered the legislation process and is expected to be passed soon.The ... more»
2008-02-18
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