3/17/2009 5:17:00 PM
BEIJING, March 17 -- Domestic banks are guided by market conditions and prudence - and not government diktat - when issuing new loans, the chairman of Bank of China has asserted. No political leader has told his bank to lend as part of the central government´s stimulus package to cope with …
3/16/2009 1:20:00 PM
Jing Linbo, a Beijing-based economist, told Xinhua Sunday that although China´s revenues declined in the first two months, the government´s stimulus package can be conducive to revenue growth. China´s fiscal revenue fell 11.4 percent in January and February from the prev…
3/16/2009 9:37:00 AM
BEIJING, March 13-- Chinese Premier Wen Jiabao said here Friday that China´s vigorous central government investment included in the stimulus package plan is new. Wen made the remarks in response to comments that China´s 4- trillion-yuan (585 billion U.S. dollars) two-year stimulus…
3/13/2009 1:59:00 PM
China´s Ministry of Commerce (MOC) announced measures Thursday that would give more power to its local branches on approving foreign-funded projects in a bid to further facilitate foreign investment. The establishment or change of foreign-funded companies with a registered capital of 100 mi…
3/12/2009 10:20:00 AM
China´s exports tumbled in February as the world´s third-largest economy felt the full force of the global financial crisis, but capital spending accelerated with the help of the government´s massive stimulus package. With the world experiencing its deepest recession in …
3/12/2009 10:07:00 AM
China’s export of textile fabrics in 2008 totaled 18.58 billion meters valued at 20.76 billion US dollars, a respective increase of 3.33 and 13.32 percent over the year-ago level, the latest customs statistics revealed. Table below shows the country’s export of major textile fabrics in 2008.Product…
3/11/2009 9:51:00 AM
It is reported that China and Germany has signed a series of trade agreements worth more than 10 billion US dollars last week as a high-level Chinese delegation is on a procurement trip in four European countries. The delegation, led by Chinese Commerce Minister Mr. Chen Deming, is composed of over 2…
3/11/2009 9:46:00 AM
The country exported 20.64 billion US dollars worth of home textile products in the first 11 months of 2008, with a year-on-year increase of 15.16%, while the imports stood at 1.05 billion US dollars, up 3.81% compared with the same period of 2007, according to the customs. The United States, Europea…
3/11/2009 9:44:00 AM
The latest customs statistics showed China’s import and export of textile machinery amounted to almost 5.4 billion US dollars in 2008, down 15.78% over the year-ago level, of which, the export value totaled 1.57 billion US dollars, up 2.79%, but the growth rate was down 20.75 percentage points compa…
3/11/2009 9:07:00 AM
China´s consumer price index (CPI), a main gauge of inflation, fell 1.6 percent year-on-year in February, the National Bureau of Statistics (NBS) said Tuesday.This was the first monthly fall since December 2002, when prices slid 0.4 percent.The CPI was unchanged month-on-month, the NBS said…
