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Chinese Vice Minister of Commerce Zhong Shan said members of the Shanghai Cooperation Organization should consider setting up a free trade agreement which, once in place, would cover about three fifths of the Eurasia's landmass.
High-ranking officials from the Shanghai Cooperation Organization (SCO) member nations and experts on Friday called for the establishment of a massive free-trade area (FTA) across the region to facilitate trade among one-fourth of the world's population.
Premier Wen Jiabao said Friday that the EU's economic stability is linked to the stability of the world economy and the recovery of its economy is conducive to that of the world economy.
Chinese Vice-President Xi Jinping said Friday that the economies of China and Mongolia are highly complementary, especially regarding mining cooperation.
Senior officials on Friday pledged to bolster cooperation with the World Bank to promote more sustainable and balanced world economic growth.
China's consumer price index (CPI), a main gauge of inflation, will stay no higher than 6 percent in August on the back of more stable food prices, the Shanghai Securities News cited brokers as saying on Friday.
More than 3,000 fishing boats sailed to Taihu Lake after it reopened to fishing on Sept 1, following a seven-month closure. Taihu Lake is the second-largest freshwater lake in China, with a surface area of about 2,338 square kilometers.
China's consumer prices will likely stay in a controllable range as more factors come into play to stabilize the country's overall price levels, the China Securities Journal quoted a central bank official as saying on Friday.
Eurasian countries should work with China to reform the international monetary system and further promote usage of national currencies, including the yuan, the central bank deputy governor said on Thursday.
BEIJING - Property prices in China's first-tier cities declined 0.41 percent in August, the first month-on-month drop since September 2010, statistics released on Thursday by the China Index Academy show.
Financing difficulties, rising costs, and labor shortages have left China's small- and medium-sized enterprises (SMEs) with severe survival predicaments this year, said economic experts at an economic summit.
China's economic growth has been a source of strength in the crisis, but the nation also needs structural changes to stave off a "middle income trap", World Bank President Robert Zoellick said Thursday.
