6/20/2008 1:22:00 PM
Long the driver of rapid growth in Chinese textile production, mills’ output of synthetic fiber is not immune to the contagion afflicting the rest of the industry. In step with the gradual slowdown in the broader Chinese textile complex, China’s output of manmade fibers also continues to decelerate…
6/20/2008 1:17:00 PM
China´s top economic planner announced Thursday night the country will raise the prices of gasoline, diesel oil, aviation kerosene and electricity, revealing an unprecedented broad plan to raise energy prices. Beginning Friday, the benchmark gasoline and diesel oil retail prices will be mar…
6/19/2008 2:34:00 PM
The average domestic spot price of polyester staple fiber has rallied to 11,950 yuan per ton, which is substantially up from recent lows. The rally is very unwelcome by spinners, who are already under a severe price squeeze. The polyester staple fiber price is being pushed up by continued gains in ME…
6/19/2008 2:25:00 PM
BEIJING, June 19 -- A weakening dollar has contributed to China´s inflationary pressure by pushing up commodity prices around the world, said the country´s central bank governor. Chinese policymakers need to learn from the lessons of U.S. subprime woes, said Zhou Xiaochuan, govern…
6/18/2008 2:10:00 PM
BEIJING, June 17 (Xinhua) -- The Chinese economy was set to grow healthily and steadily after the summer Olympic Games and a post-Olmypic economic downturn was highly unlikely, a noted Chinese economist said here Tuesday. "Personally I feel very optimistic that the Chinese economy after the Beij…
6/18/2008 2:07:00 PM
China´s retail sales are surging, with May retail sales increasing 21.6 percent to 870.4 billion yuan. The main drivers of this improvement were petroleum (+42.5 percent), automobiles (+32 percent), jewelry (+29.4 percent) and furniture (+37.1 percent). Food inflation helped push food price…
6/17/2008 5:12:00 PM
BEIJING, June 16 (Xinhua) -- China´s economy is forecast to grow at a slower annual rate of 10.4 percent in 2008 because of a deteriorating external environment and domestic tightening policy, a research report said. The gross domestic product (GDP) in the world´s fastest-growing …
6/16/2008 4:17:00 PM
BEIJING, June 16 (Xinhua) -- The industrial output of China´s major enterprises grew 16.0 percent year-on-year in May, the National Bureau of Statistics (NBS) said Monday. The increase was 0.3 percentage points higher than April and 2.1 percentage points lower than May last year, the bureau…
6/16/2008 4:11:00 PM
BEIJING, June 14 -- The People´s Bank of China vowed on Friday that it would take "forceful" measures to curb excessive price rises and enhance monitoring of cross-border capital flows. It will also try to improve the assets market and try to prevent drastic fluctuation of assets …
6/16/2008 4:08:00 PM
According to Chinese Customs, China imported 240,200 tons of cotton in May, down 8.8% from the previous month but up 19.3% from a year ago. Through the first ten months of the marketing year, cumulative cotton imports stand at 2.1 million tons, or almost 9.6 million bales (480 lbs), up 17.0% from the…
