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China's exports of peanuts rose 9 percent year-on-year in the first half of this year, but the total export value fell because of lower prices paid for the commodity, an official said Wednesday. China is the world's biggest producer of peanuts. Export value fell 22 percent in the period, said Huo Jianguo, president of the China Chamber of Commerce of ...
Chinese industrial enterprises profit might see growth in the second half of this year due to the accelerating recovery of the economy, a senior analyst said Wednesday. Dong Xian'an, an analyst with domestic Industrial Securities, estimated that industrial enterprise profits might bounce back to a growth of 30 percent year-on-year in the fourth quarter. ...
China's investor confidence index rose to 122 in the second quarter from 111 of the first quarter, according to results of a survey conducted by ACNielsen and reported by the latest issue of CapitalWeek. The investor confidence index, within a range from 0 to 200, refers to investors' expectation for investment in next three months. A reading of above 1...
Chinese equities ended 5 percent lower Wednesday after rebounding from a plummet of more than 7 percent in the afternoon trade, as investors cashed in on earlier gains during the past five consecutive trading days. The benchmark Shanghai Composite Index closed at 3,266.43 points, down 171.94 points, or 5 percent, ending a five-day rising streak. The She...
China's consumer prices are beginning to stabilize and could bottom out at the end of the third quarter before rebounding, the central bank said yesterday in a report. The report, released by the statistics department of the People's Bank of China, said that inflationary expectations were beginning to emerge and that inflationary pressures from imports ...
Average wage per capita for Chinese urban employees grew 12.9 percent year-on-year to 14,638 yuan ($2,150) in the first half of this year, said the National Bureau of Statistics Wednesday. The growth rate was 5.1 percentage points lower than that in the same period last year, the bureau said. Average wage per capita for financial industry employees in u...
China Development Bank Corporation (CDB), which was converted from a policy lender into a stockholding commercial bank last year, announced on Monday the offer of its first renminbi-denominated bonds in Hong Kong since its conversion, with the minimum issue size of one billion yuan ($146 million). The bonds, which are offered to both institutional and ret...
China's dairy producers will see an extension of the period for subsidies on loan interest payments until the end of this year, said the Ministry of Finance in a statement on Monday. The interest subsidies were originally extended from October to December 2008, and then prolonged to the end of March this year. The statement said the period would be prolo...
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