Chinese equities ended eight consecutive gains Wednesday, with the benchmark Shanghai Composite Index down 3.42 points, or 0.11 percent, to close at 3,175.79. The Shenzhen Component Index fell 44.57 points, or 0.34 percent, to close at 13,106.92. Combined turnover shrank to 233.04 billion yuan ($34.27 billion) from 264.67 billion yuan on the previous tr...
China's economic recovery is in good condition and there is no need to pay too much attention to inflation within the next two years, said Bruce Kasman, chief economist with JPMorgan, according to financial information website hexun.com. Kasman's remarks came as the National Bureau of Statistics said China's consumer price index, a main gauge of inflat...
China doesn't have a timeline for ending its "loose" monetary policy, a central banker said yesterday ahead of data likely to show the nation's economic recovery is strengthening. China will maintain its policy stance "at present", Ma Delun, deputy governor of the People's Bank of China, told reporters in Mumbai, speaking through a translator. The ba...
China will encourage mergers and restructuring in the steel sector to help forge three to five producers with sharp international competitiveness, said the Ministry of Industry and Information Technology in a statement on its website Tuesday. A total of six to seven leading steel producers will be encouraged to implement strategic mergers and restructurin...
China's new Yuan-denominated loans in October were down 51 percent from September, the People's Bank of China, the central bank, announced Wednesday. Growth of the new yuan loans slowed to 253 billion yuan ($37.06 billion) from September's 516.7 billion yuan ($75.68 billion), according to the central bank. Yuan loans outstanding at the end of October...
China's consumer price index (CPI), a main gauge of inflation, dipped 0.5 percent year-on-year in October, the National Bureau of Statistics (NBS) said Wednesday. The rate of decline was 0.3 percentage points lower than that in Septemper. The producer price index (PPI), a major measure of inflation at the wholesale level, dropped 5.8 percent in October...
China's imports and exports fell 10.7 percent in October year-on-year, but monthly exports exceeded $100 billion for a fourth straight month this year, the General Administration of Customs announced Wednesday. Imports stood at $86.8 billion for October, a decrease of 6.4 percent compared with the same month last year, while exports dropped 13.8 percent ...
China's northern Tianjin-based economical passenger carmaker Tianjin FAW Xiali Automobile Co, Ltd saw its sales volume in October rise 10 percent year-on-year to 16,080 units. The automaker produced 17,600 units of vehicles last month, a 13 percent increase from the previous year, the company said in a statement to the Shenzhen Stock Exchange Tuesday. ...
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