Business / Macro

China to increase 2013 deficit to 1.2t yuan

[2013-03-05 10:12]

The Chinese government is projecting a fiscal deficit of 1.2 trillion yuan ($191 billion) for 2013, 400 billion yuan more than the budgeted figure last year.

China lowers 2013 inflation target to 3.5%

[2013-03-05 09:37]

China aims to hold this year's consumer price growth to around 3.5 percent, 0.5 percentage point lower than the inflation target set for 2012.

China spends $92b on social security in 2012

[2013-03-02 02:44]

The expenditure in China's central budget on social insurance and job security totaled 575.37b yuan ($91.62b) in 2012, the Ministry of Finance said Friday.

Manufacturing expands in Feb

[2013-03-02 02:42]

China's PMI expanded for the fifth consecutive month in February, but at a weaker pace, influenced by the Spring Festival holiday and a decline in new orders.

Home prices continued to rise in Feb

[2013-03-01 22:55]

Property prices in China's major cities saw the ninth consecutive monthly increase in February, with more of them reporting a price hike.

Land prices in Beijing stabilized in Feb

[2013-03-01 22:35]

A total of 13 land parcels in Beijing valued at 10.7 billion yuan ($1.7 billion) were sold on Thursday, with the premium price dropping compared with the end of last year.

Govt plans 20% to curb property prices

[2013-03-01 21:33]

China will levy a 20 percent income tax on citizens when they sell their homes, the State Council, or the central government, said in a statement on Friday.
Home prices continued to rise in Feb

Commercial banks' profits expand in 2012

[2013-03-01 16:52]

The combined net profits of China's commercial banks rose to 1.24 trillion yuan ($197.5 billion) in 2012, showed data released by the banking authorities.

China plans bond overhaul to fund $6t urbanization

[2013-03-01 10:59]

China plans major bond market reform to raise the money the ruling Communist Party needs for a 40 trillion yuan urbanization program to buoy economic growth.

China's manufacturing PMI drops in Feb

[2013-03-01 10:06]

China's Purchasing Managers' Index (PMI) for the manufacturing sector fell for a second month to 50.1 percent in February from 50.4 percent in January.

1 million invention patents mark innovation progress

[2013-02-27 10:42]

The more than 210,000 invention patents granted in China last year "illustrate progress in technology and the country's capacity for innovation".

US companies plan 40% rise in investment

[2013-02-27 10:07]

Members of the American Chamber of Commerce in South China expect their investment budgets to total more than $16.5 billion over the next three years.

Output growth hits 4-month low, says HSBC

[2013-02-26 10:14]

China's manufacturing production growth hit a four-month low in February, dented by the Chinese New Year holiday and weakness in external demand.

CPI to reach 3.11% in 2013: study

[2013-02-25 17:03]

China's inflation may increase to 3.11 percent in 2013, up from last year's 2.6 percent, a report on the country's macroeconomic outlook said over the weekend.

China's 2013 growth to reach 8.23%: report

[2013-02-23 16:32]

Economic growth is expected to pick up 0.43 percentage points from last year to reach 8.23 percent in 2013, according to a report released Saturday.

China's industrial output up 10.3% in Dec

[2013-01-18 10:56]

In December last year, the value-added industrial output increased 10.3 percent from a year earlier, picking up from 10.1 percent in November, the data showed.

China retail sales growth accelerates

[2013-01-18 10:50]

China's retail sales grew 15.2 percent year-on-year in December 2012, accelerating from 14.9 percent in November, the National Bureau of Statistics said Friday.

China's fixed-asset investment up 20.6% in Jan-Dec

[2013-01-18 10:45]

China's fixed asset investment rose 20.6 percent year-on-year to 36.48 trillion yuan ($5.81 trillion) in 2012, the National Bureau of Statistics said Friday.

China Q4 growth quickens to 7.9%

[2013-01-18 10:42]

The economy's fourth-quarter growth quickened to 7.9 percent on government pro-growth measures. The rate ended a seven-straight-quarter slowdown.

China's Dec PPI drops 1.9%

[2013-01-11 10:17]

China's producer price index, which measures inflation at the wholesale level, fell 1.9 percent year-on year-in December.