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Beijing reported 18.01 billion U.S. dollars worth of imports and exports in November, down 5.4 percent from the same month last year. The negative growth is the first since August 2002, a source from Beijing Customs said Thursday. The global financial crisis also pulled down the growth rate of foreign trade in Beijing by 51 percentage points c...
China's top economic planner said Thursday that it has started outlining an action plan to phase out incandescent lamps and promote green lighting to save energy. The National Development and Reform Commission (NDRC), the planner, said it would be working in partnership with the United Nations Development Program and the Global Environment Fund on this...
China's quality supervisor said Thursday it would step up quality checks of goods, especially home appliances, food and construction materials, in the countryside during the New Year and the Spring Festival. The checks would focus on "refashioned appliances," which are made of used or even dumped appliances but sold at the prices of new models, said th...
China will not hinge upon depreciation of its currency, renminbi, to expand exports, according to Commerce Minister Chen Deming. Given shrinking demand from abroad, the effect of export stimulation through currency depreciation is rather limited, Wednesday's People's Daily quoted Chen as saying. Recently, some countries depreciated their currencie...
Although crude oil imports were at their year's lowest point in November, Guo Haitao, assistant to the head of the China Research Center of Energy Strategy, said on Wednesday that state oil reserves remain high. China imported 13.36 million tons of crude last month, down 1.86 percent year-on-year and down 17.3 percent month-on-month, as a weakeni...
China's imports and exports are expected to exceed 2.5 trillion in 2008, up by some 18 percent over last year, with tech-intensive exports and service trade growing fast, said Chinese Minister of Commerce Chen Deming on Dec. 23. He pledges to take further steps to sustain the steady growth of foreign trade and hopes that countries around the worl...
Foreign investment flow into China is expected to surpass 90 billion for the whole year of 2008, making China the top destination of foreign investment among developing countries for 17 years in a row, according to a meeting of the Ministry of Commerce on Dec. 23. China's actual use of foreign direct investment stands at 83 billion USD in 2007. Comm...
A senior cabinet member supervising national economy said here Wednesday morning that China gained 9.9 percent economic growth in the first three quarters of this year. Zhang Ping, minister in charge of the National Development and Reform Commission (NDRC), reported the implementation of the 11th Five-Year Plan (2006-2010) on national economy and ...
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