Private lenders OK'd to fund railway project
2011-11-12 09:10:22
Individual creditors have been given the green light to fund a multi-billion-yuan railway project in an eastern Chinese city where authorities undertook financial reforms for the city's huge informal private lending market, local officials said Friday.
China faces grim foreign trade outlook
2011-11-11 17:41:12
China faces a pessimistic foreign trade outlook in light of global economic turmoil, rising labor and raw material costs and mounting pressure regarding the appreciation of the yuan, a senior commerce official said Friday.
New loans hit 586.8b yuan in Oct
2011-11-11 17:29:23
The People's Bank of China (PBOC), the country's central bank, announced Friday that the nation's new yuan-denominated lending reached 586.8 billion yuan ($92.7 billion) in October, up 17.5 billion yuan year-on-year.
Carbon emissions cuts set for testing by 2013, sources say
2011-11-11 15:46:18
Five cities and two provinces have been chosen to test controls on carbon dioxide emissions, probably starting in 2013, sources with knowledge of the matter said.
Austria's central bank to invest in yuan bonds
2011-11-11 13:14:22
Oesterreichische Nationalbank (OeNB), Austria's central bank, signed an agreement with the Chinese central bank in Beijing on Thursday to invest in yuan-denominated bonds in China.
Trade surplus shrinks as imports post surge
2011-11-11 09:20:40
China's trade surplus narrowed in October as unexpectedly strong domestic demand lifted imports and weak US and European demand curbed export growth, official data show.
Imports may double in 5 years
2011-11-11 15:43:06
In the coming five years, China's imports are expected to more than double to exceed $8 trillion, Yi Xiaozhun, China's permanent representative to the World Trade Organization (WTO) said.
Monitoring system on private lending
2011-11-11 09:47:48
The Chinese government is considering establishing a monitoring system for private lending activities after a severe debt crisis of small firms in east China brought the informal lending market into spotlight.
Banks' Chinese bond holdings surge
2011-11-11 09:44:10
International banks' investment in Chinese bonds may have swelled to more than 10 billion yuan ($1.6 billion) as the government takes steps to ease currency controls.
Online sales of 3C products fall in Q3
2011-11-11 10:09:12
Sales of computer, communication and consumer electronics (3C) products by China's online retailers in the third quarter of 2011 showed a decline for the first time in three years.
IPO weakness drives shift by PE investors
2011-11-11 09:36:37
As it becomes tougher to exit their investments through IPOs, Chinese private-equity (PE) participants are prioritizing performance improvement and seeking other exit strategies such as secondary buyouts and strategic purchases, according to a report.
ConocoPhillips 'is to blame' for oil spills
2011-11-12 05:26:35
China's State Oceanic Administration (SOA) said Friday that spills at an oilfield operated by ConocoPhillips in the Bohai Bay resulted from defects in the company's production and management.