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There was no "special curb" to restrict foreign capital from entering China's real estate sector, said an official with the Ministry of Commerce on Thursday. Sun Peng, deputy director of the monistry's foreign investment management department said the ministry and other government departments attach importance to the problem of less foreign investment i...
China's oil imports grew marginally in the first half as the country's economy slowed, but may see further growth in the second half as demand improves, said industry insiders. The small growth in oil imports from January to June was largely due to the weak domestic demand. However, oil imports are set to rebound in the second half, said Liu Gu, analyst...
The scheduled release of 31.7 billion non-tradable shares of 84 publicly traded companies in the Chinese stock market, valued at about 335.5 billion yuan at current market price, could deepen the correction to the rally which sent the benchmark indicator up over 80 percent since the beginning of the year. Although the amount of non-tradable stocks that wi...
The banking regulator said yesterday that it would strengthen its controls on loans made by banks for corporate working capital in order to make sure the money is put to proper use. This is the second time this week that the China Banking Regulatory Commission (CBRC) announced its intentions to monitor the loan flow after targeting fixed-asset investment ...
Chinese consumers' confidence has picked up in the second quarter, with those living in towns and villages more confident than those in big cities, a Nielsen survey revealed yesterday. "Many consumers in tier- four and tier-five cities, mainly towns and villages, appear to have been less affected by the downturn in the first place, so recovery is less of...
China is still in talks with the world's major iron ore firms for the annual supply deal, Friday's Shanghai Securities News reported, citing Shan Shanghua, secretary-general of the China Iron & Steel Association (CISA). CISA demands all steelmakers around the country accept one unified iron ore import price once the price for 2009 is determined, sai...
Head of Chinese delegation Liu Qi, who is vice head of China's National Energy Administration, stressed at the 6th ASEAN+3 (China, Japan and South Korea) Ministers on Energy Meeting (AMEM+3) Wednesday that China will be a more integrated part of energy cooperation including the ASEAN+3 frame work to maintain international and regional energy security. Wi...
China will strengthen cooperation in financial supervision with the United States to promote global financial stability and economic recovery, Chairman of China Banking Regulatory Commission (CBRC) Liu Mingkang said on Wednesday. "Strengthening supervisory cooperation and information exchange between China and the US will be a good starting point," Liu to...
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