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MOFCOM  11-01-25
The gold output jumped by 14.89 percent year-on-year to reach 10.5 tonnes in northwest China's Xinjiang Uygur Autonomous Region in 2010, local authorities said. That indicates Xinjiang, one of the top ten gold producing regions in China, has seen its gold output grow for seven years on end, a spokes...
MOFCOM  11-01-25
China's economic growth is expected to maintain its relatively fast growth as the nation will be able to keep inflation manageable, a leading government think tank said. Experts with the Chinese Academy of Sciences (CAS) forecast that the country's economy will first grow at a faster pace this year ...
China's economy is expected to continue to power ahead with a growth of 9.8 percent this year, and inflation at 3.7 percent, the Chinese Academy of Sciences, a government think tank, predicts in a report. Despite central government packages to rein in the market, the academy said that housing prices...
MOFCOM  11-01-21
China would progressively make its currency, RMB, convertible on the capital account in the next five years amid its push for the deeper internationalization of the currency, or yuan, the country's foreign exchange chief said. "The overall strategy for the reform of China's foreign exchange manageme...
MOFCOM  11-01-21
The decline in China's December consumer price index (CPI) compared to November shows China has achieved some success in cooling prices, the National Development and Reform Commission (NDRC) said. China's CPI rose 4.6 percent year on year in December, slightly lower than the 28-month high of 5.1 per...
China's economy grew 10.3 percent last year, up from 9.2 percent in 2009, consolidating its recovery from the global crisis and adding expectations of further monetary tightening. The country's gross domestic product (GDP) hit 39.8 trillion yuan (6.05 trillion U.S. dollars) last year, up 10.3 percen...
China is willing to work with the United States on the imbalance of bilateral trade through communication and cooperation, Chinese Commerce Minister Chen Deming said. Trade imbalance is indeed "an important issue that the two sides need to have a correct perception of," Chen told reporters during Ch...
MOFCOM  11-01-21
China will invest 2 trillion yuan (303 billion U.S. dollars) into water projects during the next five years, said an official with the Ministry of Water Resources. Half of the investment will come from central government coffers, said Zhou Xuewen, who is in charge of project planning with the minist...
MOFCOM  11-01-20
Invest Hong Kong of the Hong Kong government helped a record of 284 companies from Chinese mainland and overseas set up or expand in Hong Kong in 2010, with Chinese mainland continuing to be the largest single source of investment by taking 18 percent of the total projects, the bureau said. "Last ye...
MOFCOM  11-01-20
President Hu Jintao extended welcome to American investment in China while meeting with Chinese and US business executives in Washington Wednesday noon, pledging continuous efforts to provide transparent, fair and highly efficient investment environment for investors including those from the United ...
China's investment in the United States will grow by more than 50 percent this year, as the US market becomes more open and transparent, said an official from the Ministry of Commerce. Last year, China's total overseas direct investment (ODI) in the non-financial sector grew by 36.3 percent from a y...
China's outstanding external debt (excluding that of Hong Kong SAR, Macao SAR and Taiwan Province) reached 546.449 billion U.S. dollars, said the State Administration of Foreign Exchange (SAFE). Of the total outstanding external debt, the outstanding registered external debt was 326.549 billion U.S....
China and the United States have agreed to further boost their bilateral relationship toward a cooperative partnership for the benefit of the whole world, President Hu Jintao said. The visiting Chinese leader presented the course forward at a joint press conference at the White House with his U.S. c...
MOFCOM  11-01-20
The following are some China economic news items in brief. TOURISM DESTINATIONS FOR CHINESE CITIZENS REACHES 140 IN 2010 The number of the tourism destinations for Chinese citizens hit 140 in 2010, with the number of outbound tourists up by 20 percent year on year, said tourism authorities. The numb...
China will continue rare earth export and regulate export quotas according to World Trade Organization rules, said the Ministry of Commerce. China announced its first batch of 2011 rare earth export quotas at 14,446 tonnes at the end of 2010. The full-year quotas are under discussion and will be ann...
Foreign direct investment (FDI) into China hit a record 105.74 billion U.S. dollars last year, up 17.4 percent year on year, the Ministry of Commerce (MOC) announced. In December alone, China attracted 14.03 billion U.S. dollars of FDI, up 15.6 percent year on year, making it the 17th consecutive mo...
E-commerce turnover in China jumped 22 percent in 2010 from a year earlier to 4.5 trillion yuan (681.82 billion U.S. dollars), an industry report said on Jan. 18. Online retail sales almost doubled to 513.1 billion yuan, according to the report released by the China e-commerce research center. The r...
China's outbound direct investment in the non-financial sector hit 59 billion U.S. dollars last year, up 36.3 percent year on year, the Ministry of Commerce (MOC) announced on Jan. 18. Total outbound direct investment in the non-financial sector had amounted to 258.8 billion U.S. dollars by the end ...
MOFCOM  11-01-20
China would progressively make its currency, RMB, convertible on the capital account in the next five years amid its push for the deeper internationalization of the currency, or yuan, the country's foreign exchange chief said on Jan. 18. "The overall strategy for the reform of China's foreign exchan...
MOFCOM  11-01-20
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Minister Chen Deming chaired 46th Executive Meeting of MOFCOM in the morning on January 14, 2011 to deliberate on planning on celebration of the 10th anniversary of China's accession into WTO and outline of national development planning on medicine distribution industry. It is noted at the meeting t...
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