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BEIJING - China's ambassador to the World Trade Organization (WTO) urged Chinese exporters to boost product upgrade as the United States shifts its focus from labor-intensive goods to investigate imports of high-end products from China. Since the US Commerce Department announced a probe last month into China's clean energy sector over so-called governme...
Central bank adviser warns of inflationary pressure, asset bubbles BEIJING - China should shift its monetary policy toward a "cautious" stance to combat high inflationary pressure and the risk of asset bubbles, central bank advisor Li Daokui said on Tuesday. "Once the economic downturn is contained and growth stabilizes, China should consider shifting f...
China is likely to continue the proactive fiscal policy but shift its monetary policy from "moderately loose" to "prudent" in 2011, China Business News reported on Tuesday, citing two sources close to policy makers. The Central Economic Work Conference, usually held in December every year, will review the country's current "proactive fiscal policy and mo...
BEIJING - Chinese companies' overseas investment rose 10.4 percent year-on-year in the first nine months even as global investment as a whole dropped sharply over the period, a senior Chinese official said Tuesday. Chinese companies invested $36.3 billion overseas in the first three quarters, excluding investments in financial sectors, as other companies...
The China Securities Regulatory Commission (CSRC) on Monday issued a batch of regulations on funds management covering special deposit accounts, funds sales and guaranteed funds, signaling that China's top securities regulator has turned its focus from threshold regulation to follow-up supervision, the 21st Century Business Herald reported on Tuesday. Th...
BEIJING - China's consumer price index (CPI), the main gauge of inflation, in 2010 will not exceed 3.5 percent year on year, Yao Jingyuan, chief economist at the National Bureau of Statistics (NBS), said Tuesday. Although the three-percent full year inflation target set by the government at the beginning of 2010 is achievable, it may be difficult to acco...
Company plans $30m investment to beef up Taobao Mall brand BEIJING - Chinese e-commerce giant Alibaba Group Holding plans to invest 200 million yuan ($29.93 million) to build its Taobao Mall brand, a trade platform between businesses and consumers, as part of efforts to fend off competition from rivals such as Baidu and Dangdang.com. Taobao Mall said it...
Significant progress has been made in providing healthcare, education BEIJING - The rapid pace of urbanization in China has left cities challenged by air pollution, shortages of energy and water resources, and limited space for growth, according to a report released on Monday. The research by the Urban China Institute (UCI), a new think tank, examined d...
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