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Former Federal Reserve Chairman Alan Greenspan has said he expected U.S. house prices will begin to stabilize in the first half of next year, The Wall Street Journal reported Thursday. Home prices in the U.S. are likely to start to stabilize or touch bottom sometime in the first half of 2009, Greenspan said in an interview with the daily this week. ...
China's consumer inflation has maintained its downhill journey in July, easing to 6.3 percent year-on-year from 7.1 percent in June. While this shows the inflation-fighting measures are working well, the country needs to seek fundamental solutions to this problem, said analysts. A higher base should be an important factor for the lower inflation fig...
The industrial output of Chinese enterprises with annual sales above 5 million yuan (728,608 U.S. dollars), was up 14.7 percent in July. The growth rate, however, was down 3.3 percentage points year on year, National Bureau of Statistics (NBS) figures revealed on Thursday. The industrial output was also down 1.3 percentage points month on month, accor...
According to statistics released today by the National Bureau of Statistics (NBS), this July the CPI grew by 6.3% year-on-year. Accumulated CPI growth from January to July was 7.7% year-on-year. When interviewed by news reporters, Lu Zhongyuan, Deputy Director of the Development Research Center of the State Council (DRC) explained that both numbers have d...
The Cambodian government has given the go-ahead for a Chinese company to conduct feasibility study into building two hydropower dams on the Sre Pok River, English-Khmer language newspaper the Cambodia Daily said Thursday. It is just feasibility study to see whether or not they can do it, Minister of Industry, Mines and Energy Suy Sem was quoted as say...
The growth rate of Chinese textile and garment exports has been declining throughout the year as production costs rise and global demand drops, according to a report Wednesday in the China Daily. Between January and July, China exported $100.4 billion worth of textiles and garments, up 7.7 percent, but well down from the 24.4 percent growth rate for t...
China will adjust consumption tax on vehicles as of September 1 this year to curb high-emission cars and promote small-sized ones, according to a circular jointly issued by the Ministry of Finance and the State Administration of Taxation Wednesday. The country will raise the consumption tax on high-emission passenger vehicles and cut the consumption ta...
Gold price in Hong Kong rose 161 HK dollars to 7,657 HK dollars per tael on Wednesday, according to the Bank of China (Hong Kong). The price is equivalent to 824.03 U.S. dollars a troy ounce, up 17.43 U.S. dollars at Wednesday's exchange rate of one U.S. dollar against 7.800 HK dollars. Source: CRIEnglish
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