7/20/2009 9:44:00 AM
China´s consumer price index (CPI), a main gauge of inflation, dipped 1.7 percent in June from a year earlier, the National Bureau of Statistics (NBS) said here Thursday. This marks the fifth consecutive month of decline since the index dropped 1.6 percent in February, the first fall since …
7/17/2009 11:33:00 AM
The Chinese economy expanded 7.9 percent year on year in the second quarter, as massive pump-priming and record lending pushed for a rebound from the worst growth figures in a decade, official data showed Thursday. The gross domestic product (GDP) grew 7.1 percent from the same period a year ago to 1…
7/16/2009 10:14:00 AM
China´s foreign exchange regulator said Wednesday it would loosen its controls on overseas investment procedures and foreign exchange management of domestic companies to boost outbound investment. In a statement on its website, the State Administration of Foreign Exchange said a regulation,…
7/16/2009 10:04:00 AM
Harbin Flax Market is open for business on Jun 15,2009. It is currently China´s largest trading market for flax. The market is built by Harbin Flax Textile Co., Ltd. with investment of 80 million U.S. dollars. The market covers an area of 20,000 square meters and more than 500 business inst…
7/15/2009 9:59:00 AM
Bank of China (Hong Kong) announced Tuesday that it had successfully conducted the first cross-border RMB trade finance transaction. The move marks the official launch of Hong Kong´s RMB trade finance business after the RMB trade settlement transaction started in the city on July 6. To tie …
7/14/2009 10:07:00 AM
China´s central bank official has called on the country´s financial institutions to closely monitor new trends in the economy and improve financial support for fighting the economic downturn. "The domestic and overseas economic and financial situation that we are facing is un…
7/14/2009 10:03:00 AM
China´s Ministry of Finance announced Monday that the country´s fiscal revenue in June rose 19.6 percent year on year to 686.75 billion yuan (100.5 billion U.S. dollars). However, in the first half of this year, fiscal revenue fell 2.4 percent to 3.398 trillion yuan, said the mini…
7/13/2009 9:40:00 AM
The country plans to sell 1.5 million tons of cotton to meet demands of textile makers and to stabilize prices of the cotton market. China is one of the world´s leading cotton producers. It harvested 7.8 million tons last year. A total of 2.72 million tons of cotton was bought by the State …
7/13/2009 9:39:00 AM
Anhui Jinsheng nonwoven fabric project invested with capital of 230 million yuan started construction in late May. The project covering an area of 95058 square meters is designed to produce nonwoven fabrics for the use of home decoraction, clothing, medical treatment and sanitation area. It is expect…
7/13/2009 9:36:00 AM
Zhoucun, Zibo of Shandong Province, recently invested 820 million yuan in 12 key projects to develop the silk textile industry in this area. The region reputed as "China Silk Town" and "China Textile Industry Base", has over 800 silk textile enterprises which employ more than 20 t…
