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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
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