4/29/2009 1:06:00 PM
Profits of companies controlled by China´s central government continued to fall in the first quarter but at a slower pace, as the stimulus package showed positive effects on their performance, the State-owned enterprise (SOE) watchdog said Friday. The 138 SOEs directly controlled by the cen…
4/28/2009 1:46:00 PM
China´s urban registered unemployment rate hit 4.3 percent, a 0.1 percentage-point increase in the first quarter, the Ministry of Human Resources and Social Security said on Thursday. It´s the second straight quarter of increases. The rate jumped to 4.2 from 4 percent in the fourt…
4/28/2009 1:40:00 PM
"Take aggressive steps to survive through the crisis”, was the advice tendered by the President of the 1,000 member strong Thai Garment Manufacturers Association (TGMA), Mr Dej Pathanasethpong and warned by saying that half of the garment manufacturers stand to be wiped out.TGMA was concerned b…
4/27/2009 1:23:00 PM
WASHINGTON -- Zhou Xiaochuan, governor of the People´s Bank of China, said on Saturday that positive changes have taken place in the Chinese economy, whose overall performance is better than expected."Facing the impact of the financial crisis, the Chinese government has promptly introd…
4/27/2009 10:11:00 AM
While striving to increase presence in domestic cities, Chinese sports shoemakers continue to explore overseas market despite the international financial crisis. Peak, the first Chinese sport goods brand to manufacture large-sized sports shoes, signed a strategic contract in March with the Federation…
4/24/2009 1:11:00 PM
It was a display booth that looked different from all the others at a recent textile fair in Fujian province. For, Wang Yanzhu had earmarked about half of the space in his booth to a Taiwanese fabric producer with whom he hoped to forge a close partnership very soon."If it were not for the finan…
4/24/2009 11:23:00 AM
The Chinese central government is expected to launch its third batch of stimulus investments in large domestic projects in the second quarter to further boost its economy, according to the China Securities Journal Tuesday, citing an unidentified source. The central government has so far cashed in a c…
4/23/2009 10:04:00 AM
The Chinese economy is projected to grow 8.3 percent this year, according to a report released by the Chinese Academy of Social Sciences (CASS)."Since there is a decline in exports, economic growth will mainly depend on consumption and investment. We expect consumption to contribute 4.3 percenta…
4/23/2009 9:56:00 AM
Owing to the effective implementation of a series of macroeconomic policies and stimulus packages aimed at tackling the global financial crisis, positive changes have emerged in China´s economic landscape. Composite indices in the first quarter indicate the national economy has witnessed po…
4/22/2009 1:24:00 PM
PROSPECTS for China´s textile and apparel exports are generally seen as bright despite the current economic downturn but the industry needs to shift from cut-throat price competition to a segmented market focusing on high quality, industry insiders said. Confidence in a bright export future…
