China's May PPI up 7.1%
2010-06-11 10:19:09
China's producer price index (PPI), a major measure of inflation at the wholesale level, increased by 7.1 percent year-on-year in May, the National Bureau of Statistics (NBS) announced today.
China's May CPI up 3.1%
2010-06-11 10:10:52
China's consumer price index (CPI), a main gauge of inflation, increased by 3.1 percent in May from the previous year, the National Bureau of Statistics (NBS) announced today.
Wenzhou investors turn to real economy
2010-06-10 17:32:28
Wenzhou investors, who are known in China for their sharp sense of business and investment, are turning their focus to the real economy as the stock market becomes bearish and the property market is tightened by a series of government policies, the 21st Century Business Herald reported.
CIC's North American equities list revealed
2010-06-10 17:07:10
China Investment Corp (CIC), the nation's sovereign wealth fund, revealed in a report filed to the US Securities and Exchange Commission (SEC) on June 1 that it held a total of 10.5 percent of shares in Canada's Penn West Energy, the 21st Century Business Herald reported Thursday.
China's housing price up 12.4% in May
2010-06-10 11:09:00
Housing prices rose 12.4 percent in May from a year earlier in China's 70 large and medium-sized cities, the National Bureau of Statistics (NBS) said on Thursday. That was 0.4 percentage points lower than April's housing price rise. China's exports up 48.5% in May
China's exports up 48.5% in May
2010-06-10 11:01:02
China's exports in May totaled $131.7 billion, up 48.5 percent from a year ago and 18.1 percent from April, the General Administration of Customs (GAC) said on Thursday. The figure is much higher than previous expectation.
Shanghai GM recalls 4,199 imported Cadillacs
2010-06-09 17:30:07
General Motors' joint venture in China, Shanghai GM, will recall about 4,000 imported Cadillac vehicles over fire risks, starting June 9, chinanews.com.cn reported, citing the General Administration of Quality Supervision, Inspection and Quarantine, to whom Shanghai GM filed the recall report.
Brazil eyes Chinese stock market
2010-06-09 17:16:32
The Brazil Stock Exchange is negotiating with the Shanghai and Hong Kong stock exchangex and may reach an agreement with Shanghai by the end of this year, said Paulo Oliveira, CEO of Brazil Investments & Business.
Local debt service ratio may hit 26.6%
2010-06-09 17:14:05
A financial report by the Chinese Academy of Social Sciences predicted that by 2012 local governments' debt service ratio may hit 26.6 percent and won't fall below 20 percent before 2014, the Shanghai Securities News reported.
New norm to better reflect income gap
2010-06-09 15:12:35
China's National Bureau of Statistics (NBS) will reform the standards in compiling statistics for urban and rural personal incomes, in a bid to better reflect the income gap between cities and villages, the 21st Century Business Herald reported on Wednesday.
Debate on green car subsidy
2010-06-08 17:30:13
Some auto-industry veterans said subsidies for fuel-efficient vehicles should be given directly to consumers, instead of being handed to manufactures, National Business Daily reported on June 8.
Foreign giant eyes Chinese grain market
2010-06-08 17:29:17
A recent wheat-processing project by Singaporean agribusiness group Wilmar International Limited in Henan province has stirred fears that foreign giants are threatening China’s grain and oil enterprises, a report by China Economic Weekly said.