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China's milk powder imports are soaring, with imports in the first half of this year already exceeding the total amount of milk powder imported in 2009, an official with the China Chamber of Commerce of Foodstuffs and Native Produce said Sept 15.
Inflation expectations among urban Chinese residents rose in the third quarter, according to the results of a central bank survey of 20,000 residents that was published on Sept 15.
Qantas Airways Ltd, seeking to revive unprofitable international operations, is counting on five different airline units to win travelers in China, a market 60 times bigger than its home market of Australia.
Premier Wen Jiabao said on Sept14 that China is ready to increase its investment in debt-ridden Europe, and urged the European Union (EU) to recognize China as a full market economy.
Chinese top legislator Wu Bangguo said in Moscow Wednesday China will work with Russia to deepen pragmatic cooperation and build a close, long-term and sustainable economic and trade relationship.
HSBC became the first foreign bank with license to offer RMB products and services in Taiwan, the bank said Wednesday. It will begin offering RMB-related services through its offshore banking units from September 19.
Policies ranging from a property tax to higher downpayment levels and mortgage rates are curtailing transaction volumes in Shanghai, but strong activity at the high end of the market is driving up prices.
Power shortages are likely in Central and South China this coming winter because of increasing coal prices and some power plants will have difficulty storing coal, said power plant representatives and experts.
China will start a nationwide campaign targeting the production, sale and use of illegally reprocessed cooking oil, the country's top economic planner said on Wednesday.
China might miss its target of keeping inflation below 4 percent this year, an official said on Sept 14.
The Chinese government is mulling rules to punish those who fail to perform their duties to timely report major pollution cases.
The Asian Development Bank (ADB) on Wednesday cut China's growth forecast to 9.3 percent for the year from its previously estimated 9.6 percent.
