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MOFCOM 11-07-08
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- China Raises Interest Rate Second Time This Year to Curb Inflation (10-12-27)
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The People's Bank of China (PBOC), the central bank, announced on Wednesday that it will raise bank's benchmark one-year borrowing and lending rates by 25 basis points.
This is the third time for the central bank to raise interest rates this year. The previous one occurred on April 5.
Meanwhile, the...
MOFCOM 11-07-08
After peaking in June at around 6. 2 percent, China's inflation is likely to stabilize in the second half of 2011, said China Construction Bank International Securities Ltd. (CCBIS), a professional brokerage.
Surveys and analysis indicated that liquidity in China is sufficient to support economic gr...
MOFCOM 11-07-05
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- China's Central Bank to Give More Prominence to Price Control (11-06-15)
- China's Central Bank to Put Stabilizing Prices in More Prominent Position (10-12-28)
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- Flexible Exchange Rate Helps Monetary Policy Effectiveness: PBOC Official (10-07-27)
- China's New Credit Rules Put Brakes on Banks' Lending Binge (10-02-22)
The People's Bank of China (PBOC), or the central bank, said it would continue to implement a prudent monetary policy as inflationary pressures still remained high.
Although the economy is headed towards the government-set macro control target, the country still faces a complicated economic and fina...
MOFCOM 11-07-05
Malta's new public bus system was launched here on July 2 evening, and 174 China-made buses were delivered, accounting for 66 percent of the country's bus pool.
The energy-saving Chinese buses would help reduce noxious gas emissions in the island country with a population of 400,000.
The arrival of ...
MOFCOM 11-07-05
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The offshore RMB market will help strengthen the competitiveness and status of Hong Kong as an international financial center, according to the latest issue of monthly Economic Review released on Monday by Bank of China (Hong Kong).
During the first four months of this year, 16 percent of Hong Kong'...
MOFCOM 11-07-05
Finding a balance between government regulation and market forces is key to improving a country's economy, but there is not just one way to achieve this, said Joseph Stiglitz in Beijing.
"We now recognize that especially after the crisis, unregulated markets can not work. We need both government and...
MOFCOM 11-07-05
China's State Administration of Foreign Exchange (SAFE) said that it will work to improve operation and management of foreign exchange reserve to maintain financial security.
It will also promote reform of foreign exchange regime to facilitate trade and investment, the SAFE said in a statement on it...
MOFCOM 11-07-05
Bilateral trade between China and Finland rose 29.5 percent year-on-year to reach 2.2 billion euros during the first four months of this year, the Ministry of Commerce said.
Finland's exports to China totaled 810 million euros, an increase of 35 percent from one year earlier, while China's exports t...
MOFCOM 11-07-05
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- China to Improve Access to Finance For Smes (10-07-02)
- China to Raise Deposit Reserve Requirement Ratio by 0.5 Percentage Points (10-01-13)
- China to Raise Deposit Reserve Requirement Ratio by 0.5 Percentage Points (10-01-13)
- China's Central Bank Repeats Moderately Loose Monetary Policy Stance (10-04-01)
- China's New Yuan-Denominated Loans Hit 1.04 Trillion Yuan in Jan: PBOC (11-02-16)
The People's Bank of China (PBOC), the country's central bank, vowed on Sunday to improve financial regulation and boost the reformation of the country's financial system.
The central bank will "seize an important strategic growth opportunity for the Chinese economy to push forward the reform of key...
MOFCOM 11-07-05
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- China's Manufacturing Continues to Slow With May PMI Decline (11-06-02)
- China October Non-manufacturing Sector PMI Down (10-11-04)
- China's December PMI for Non-Manufacturing Sector Rises to 56.5% (11-01-04)
- China Manufacturing Grows For Ninth Month (09-12-02)
- China October Manufacturing Sector PMI Hits 54.7%, Raising Inflation Concerns (10-11-02)
Growth in China's non-manufacturing sector continued to slow down in June, with the sector's Purchasing Managers Index (PMI) seeing a sharp decline, the China Federation of Logistics and Purchasing (CFLP) said.
The non-manufacturing sector's PMI, a key economic indicator, fell to 57 percent in June ...
MOFCOM 11-07-01
The Export-Import Bank of China, one of the country's three policy banks, said that it intends to develop itself into a large multinational financial institution over the next five years.
The lender's total assets exceeded 1 trillion yuan (153.85 billion U.S. dollars) at the end of 2010, and its ear...
MOFCOM 11-07-01
The Ministry of Commerce (MOC) and the General Administration of Customs (GAC) signed a cooperation memorandum agreeing to further improve China's trade environment and boost trade facilitation.
The MOC and GAC agreed to strengthen the current customs clearance facilitation measures and introduce a ...
MOFCOM 11-07-01
State-owned enterprises (SOEs) are becoming the major limited partnership in yuan private equity (PE) funds, the International Financial News, a newspaper affiliated to the People's Daily, reported Thursday, citing a report released by the Zero2IPO Group.
The report said the SOEs are actively involv...
MOFCOM 11-07-01
Chinese Vice Premier Wang Qishan met with Chairman and CEO of PepsiCo Indra Nooyi in Beijing, expressing appreciation of the company's increase of investment in China.
Wang said the economies of China and the United States are mutually dependent, and cannot manage without each other. The two countri...
MOFCOM 11-07-01
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Local government investment and affordable housing construction will boost China's investment growth by 25.1 percent in 2011, the Agricultural Bank of China (ABC) said in a report.
China's investment growth will top 25.5 percent year-on-year for the first half of 2011, said the report.
Local governm...
MOFCOM 11-07-01
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Chinese battery and carmaker BYD Co Ltd reported an 84 percent profit decline in the first quarter in a statement filed with the Hong Kong Stock Exchange on Wednesday, a day before going public in Shenzhen.
On news of the net income plunge, the H-share listed company's stock fell nearly 7 percent in...
MOFCOM 11-07-01
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The China Banking Regulatory Commission (CBRC), the nation's banking regulator, on Wednesday moved to solicit opinions on wealth investment management, with clauses aiming to protect investors' interests.
According to a statement on its website, the banking regulator ordered commercial banks to impr...
MOFCOM 11-06-30
Taiwanese exporters shipping commodities to the mainland enjoyed more than 281 million yuan (about 434,000 U.S. dollars) in tariff reductions between January and May, a government spokesman said.
Taiwan exported commodities worth a total of 1.56 billion U.S. dollars in the five months after the main...
MOFCOM 11-06-30
Although the Chinese economy is slowing down, "soft landing is more likely," said economists from Bank of America Merrill Lynch.
"Slowdown in China is a good thing right now. China needs to slow down because there is some overheating going on," Ethan Harris, head of BofA Merrill Lynch's Developed Ma...
MOFCOM 11-06-30
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China and the United Kingdom will see bilateral trade and mutual investment boom in the coming years, experts and officials are predicting.
"Frequent high-profile visits between the two nations will continue to inject new vitality into bilateral trade and investment relations," said Sun Yongfu, direc...
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