8/6/2007 5:44:00 PM
China is attempting to rein in excess economic growth and to curtail pollution. The Chinese Central Bank has raised the reserve requirement .50 to 12 percent of deposits, which will take effect August 15 and follows an increase in the base interest rate to 6.84 percent. A stronger set of controls is …
8/3/2007 10:35:00 AM
China´s economy remains on the brink of overheating following another 12 months of soaring industrial output and money supply, a central government report said on Wednesday. By June this year, industrial production had been overheated for seven months in a row, said the report from the Stat…
8/2/2007 10:20:00 AM
The summer of 2007 has been anything but normal in regard to weather across the Chinese cotton belt. The severity of the heat, rain and storms is unusual, even by the normal volatility standards of China. In the North China Plain, the drought of earlier in the season has given way to a series of viol…
8/1/2007 1:18:00 PM
The government has pledged to further curb exports of cheap labor-intensive products and enlarge imports, narrowing the bloating trade surplus. China will again expand the list of processed goods subject to export limits by the end of this year, Wang Qinhua, director with the Ministry of Commerce (MO…
7/31/2007 10:37:00 AM
China imported 1,176,900 tons of cotton during the January through June 2007 time period, with 525,000 tons or 44.6 percent of all imports moving through Qingdao Port. The value of the imports was 730 million U.S. dollars or an average of 1,384 U.S. dollars per ton. Processing trade imports accounted…
7/30/2007 4:19:00 PM
In recent years, Chinese home textile industry has developed rapidly, growing up to 20 percent year-on-year. Market share in the overseas has also grown.With financial assistance pouring in, it is expected that within next three years, home textile sector in China will become one of the biggest reven…
7/30/2007 11:30:00 AM
The overall picture of the Chinese economy in the first six months is quite encouraging: It is heading forward speedily, its structure has been further optimized and public welfare has been boosted. GDP growth has seen continuous acceleration in the first six months and the consumer price index (CPI)…
7/26/2007 10:32:00 AM
The International Monetary Fund(IMF) on Wednesday raised China´s economic growth forecast for 2007 to 11.2 percent, up 1.2 percentage points from its forecast in April. The growth in China for 2008 is expected to 10.5 percent, 1.0 point higher from the earlier forecast, the IMF said in a re…
7/25/2007 10:15:00 AM
After government decisions to slash deposit interest tax and increase interest rates for third time this year, which were announced over the weekend, some economists believe all necessary regulatory policies have been put in place for the Chinese economy, and some others hold the macro control should…
7/25/2007 10:04:00 AM
According to the latest information from the organizers of ITMA 2007 — the German Engineering Federation (VDMA) Textile Machinery Association and its president Johann Philipp Dilo — more than 1,450 exhibitors will take part at the show in Munich, to be held Sept. 13-20, 2007. These numbers represen…
