China's GDP growth likely to slow to 9.2% in '11

2011-11-24 13:57:51

China's annual GDP growth is expected to reach 9.2 percent this year and continues to experience a moderate cooling in 2012, an official with the Ministry of Industry and Information Technology said.

Trading houses face overhaul by government

2011-11-24 10:05:53

Electronic trading houses, which conduct transactions in commodities, artifacts and precious metals, have seen their numbers grow in the past five years from a few dozen to more than 300.

China sees turning point in property market

2011-11-24 10:18:53

Beijing is finally seeing a turning point for sky-high housing prices following the implementation of tightened property market control policies, said property market observers.

PBOC's monetary policy committee reshuffle OK'd

2011-11-24 10:13:43

The State Council, or China's Cabinet, has approved a reshuffling of the central bank's monetary policy committee, according to a statement posted on the central government's website on Wednesday.

Weak demand depresses PMI

2011-11-24 09:08:53

Weaker domestic and foreign demand is chilling the outlook for China's manufacturing sector, which is expected to slow to a 32-month low in November, as indicated by the preliminary HSBC Purchasing Managers' Index (PMI).

China's zero-tariff treatment gains wide acclaim

2011-11-24 09:51:36

China's decision to grant zero-tariff status to some least developed countries (LDCs) has drawn positive responses from the international community.

Iron ore platform set for launch

2011-11-24 09:13:26

China is preparing to launch the first iron ore physical trading platform by the end of this year to provide a transparent pricing system for domestic and overseas participants, a senior official said.

RRR for 6 rural banks to be adjusted to 16%

2011-11-24 09:49:22

China's central bank said Wednesday reserve requirements for six rural banks in the eastern province of Zhejiang will be adjusted back to 16 percent from Nov 25.

Offshore yuan market 'vibrant'

2011-11-24 09:40:31

Although growth of Hong Kong's yuan deposits has slowed, the offshore yuan market remains vibrant and overseas demand for the currency will keep rising, Norman Chan, chief executive of the Hong Kong Monetary Authority (HKMA), said.

Debt-transfer rule aids SMEs

2011-11-24 09:33:22

China's industry and commerce watchdog on Wednesday released rules to help fund-strapped firms restructure debts and improve cash flow through debt-for-equity swaps.

Bid to bar Chinese audit firms criticized

2011-11-24 09:19:47

US Senator Charles Schumer's call to bar Chinese agencies from auditing firms trading on the US market is the latest reflection of the US government's protectionism in service trades, experts said.

Yum! Brands signs deal with Sinopec

2011-11-23 16:01:57

The parent company of both KFC and Pizza Hut, Yum! Brands Inc, announced Wednesday it has signed a deal with Sinopec Corp to open chain restaurants in China's most spreading Sinopec gas stations.