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China‘s total fixed-asset investments rose 30.1 percent year-on-year to 22.48 trillion yuan in 2009, the National Bureau of Statistics (NBS) said on Thursday. The rate of increase was 4.6 percentage points higher than the same period of 2008. (Source: China Daily)
China's industrial output of companies over a designated level rose 11 percent year-on-year in 2009, the National Bureau of Statistics (NBS) said Thursday. The increase was 1.9 percentage points lower than the same period of 2008. The increase was 18 percent year-on-year in the fourth quarter of 2009. (Source: China Daily)
China's consumer price index (CPI), a main gauge of inflation, rose 1.9 percent year-on-year in December last year, the National Bureau of Statistics (NBS) announced Thursday. It is the second straight monthly growth after the index ended nine months of decline in November. The full year inflation was down 0.7 percent, NBS said. (Source: China Dail...
Chinese Vice President Xi Jinping on Wednesday called for continued efforts to promote smooth and relative fast development of the economy. Xi made the remarks at a meeting on further studying and practicing the Scientific Outlook on Development, which emphasizes the well-being of people and comprehensive, coordinated and sustainable development. He cal...
Equities declined yesterday amid concerns over tighter lending controls and the stronger-than-expected inflationary pressure in the market. The benchmark Shanghai Composite Index fell 2.93 percent to 3,151.85 points, while the Shenzhen Component Index fell 3.25 percent to 12,916.25 points. Sentiment was dampened by rumors that the People's Bank of Chin...
Banking regulator may monitor new loans on monthly basis The China Banking Regulatory Commission (CBRC) has revived the "loan quota" mechanism and will scrutinize commercial banks' lending pace on a monthly and quarterly basis, according to sources familiar with the matter. New yuan loans are expected to be around 7.5 trillion yuan ($1.10 trillion) thi...
A senior official with China's central bank Wednesday called on lenders to balance their lending this year and to avoid abrupt loan fluctuations. The People's Bank of China (PBOC) will continue to optimize the lending structure and properly manage the pace of credit growth while ensuring sufficient loans for economic recovery, said Zhang Tao, head of th...
China's oil imports will continue to see solid growth this year, with more than half of the country's total oil consumption coming from abroad, industry insiders said. It is inevitable for the country - the world's second largest oil consumer - to see a robust increase of imports, as domestic production cannot keep up with rising demand, they said. C...
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