2/22/2008 10:16:00 AM
The People´s Bank of China (PBOC) on Thursday issued two batches of central bank bills totaling 102 billion yuan (14.3 billion U.S. dollars), the latest attempt to mop up excess liquidity. The move was intended to maintain stable growth in the money supply and steady market interest rates, …
2/21/2008 1:49:00 PM
China´s economy is up against a triple threat of weakening global growth, possible domestic overheating and the catastrophic impact of recent severe weather. It should still record high growth this year, according to analysts and economic organizations. China was fighting strong economic he…
2/21/2008 10:22:00 AM
China´s currency, the renminbi, has embarked on a fast track of appreciation due to the combined impact of domestic inflation and a weakening greenback.The People´s Bank of China (PBoC) set the yuan central parity rate at 7.1452 against the US dollar on Wednesday, marking the four…
2/20/2008 9:57:00 AM
By James A. Morrissey, Washington CorrespondentAs the US government announced the textile and apparel trade deficit with China reached a new record high of $31.8 billion in 2007, textile industry lobbyists and their friends in Congress launched a renewed effort to enact legislation designed to help o…
2/19/2008 11:00:00 AM
BEIJING -- China´s inflation accelerated in January to 7.1 percent -- its rate highest in a decade -- amid snowstorms that fueled a spike in food costs, according to data reported Tuesday by the National Bureau of Statistics (NBS).The sharp rise in consumer prices index (CPI) was driven by …
2/18/2008 1:37:00 PM
Summerville, S.C.-based Thrace Linq Inc. — a member of The Thrace Plastics Group, a subsidiary of Greece-based Thrace Plastics Co. S.A. — recently placed an order for a needling line from France-based NSC nonwoven. The line features an Excelle card and SCADA Expert Supervision system, as well as NS…
2/18/2008 11:26:00 AM
BEIJING -- The Bank of China has forecasted a 7.5 percent or even higher rise in the January Consumer Price Index (CPI), mainly fuelled by rocketing food prices and the worst snow disaster in decades. The bank said in report issued Friday that the CPI would rise between 5 to 7 percent in the first ha…
2/3/2008 10:32:00 AM
China´s textile conditions showed some improvement during week ending January 28, which was illustrated in a .55 percent increase in the main textile index to 95.82. Gains were noted in 4 out of the past 5 subindexes. The raw material subcategory index gained 1.36 percent, reaching 94.34, w…
2/3/2008 10:29:00 AM
Despite heavy snow in most parts of southern China, the country´s consumer prices index may grow 6.5 percent year on year in January, roughly the same as the December, Chen Xiwen, head of the Office of the Central Leading Group on Rural Work, said on Thursday at a State Council press confer…
2/2/2008 10:06:00 AM
The Xinjiang Bureau of Statistics released its final estimates for 2007 crop acreage. Total 2007 agricultural cropland in Xinjiang Province was at 3.837 million hectares. The recent estimates revealed cotton acreage had increased 7.1 percent from 2006 to 1.378 million hectares, which represents 35.9 …
