Policies might affect local governments' revenue
2010-05-12 18:02:55
As government policies aimed at cooling the country's overheated real estate market begin to take effect, analysts worry that stagnation or even a decline in home prices would cause local governments' revenue from land sales to shrink, the China Securities Journal reported Wednesday.
China's foreign currency loans fall in April
2010-05-12 17:53:23
New foreign currency loans in China fell $4.9 billion month-on-month to $5.2 billion in April, and analysts attribute the plunge mainly to the scarcity of foreign currency in the country.
Wealth of China's richest shrinks by 9b yuan
2010-05-12 17:08:50
Shares of drugmaker Shenzhen Hepalink Pharmaceutical Co Ltd fell below its initial public offering price Tuesday, costing the company's founders billions of yuan, the National Business Daily reported today.
China's oil refining capacity ranks 2nd in the world
2010-05-12 16:41:26
China's refining capacity of crude oil reached 477 million tons by the end of last year, ranking the second in the world, Shanghai Securities News reported Wednesday.
Remuneration in GDP down for 22 years
2010-05-12 15:27:15
The proportion of remuneration in China's GDP declined for 22 years from 1984 to 2005, according to a senior official of the country's trade union, the Beijing News reported Wednesday.
Shanghai to levy property ownership tax on homes
2010-05-12 12:05:39
Shanghai will reveal the details of its tightening real estate policies as early as the end of this month, including its long-debated property-ownership tax on multiple homes, Shanghai Securities News reported today.
Faces awaiting slaps for stock impostors?
2010-05-11 17:33:07
Many celebrity-linked stock prices soared after the entertainment celebrities’ names were found in listed companies' filed reports.
Beijing's housing prices dropped 8000 yuan
2010-05-11 16:43:45
Beijing's residential housing prices dropped 8000 yuan per square meter on average a month after China issued tough property measures to cool the red-hot property market, the Beijing News reported Tuesday.
Banks can take up to 40% fall in housing prices
2010-05-11 16:35:55
Most commercial banks can endure at most a decline of 40 percent in housing prices, according to a round of stress tests on real estate loans initiated in late April, the 21st Century Business Herald reported Tuesday.
PBOC report signals currency policy change
2010-05-11 14:50:46
China may revise its currency policy, as a central bank report said Monday it would manage the yuan "with reference to a basket of currencies", the Economic Information Daily reported Tuesday.
China April CPI rises 2.8%
2010-05-11 09:47:42
China's consumer price index (CPI), a main gauge of inflation, increased 2.8 percent year-on-year in April, the National Bureau of Statistics (NBS) announced today.
China's industrial output up 17.8% in April
2010-05-11 09:46:36
China's industrial output increased 17.8 percent year-on-year in April, the National Bureau of Statistics (NBS) said today.