A summit the world anticipates
G-20 leaders and key figures with the UN, World Bank as well as other international institutions will gather in the Summit on Financial Market and World Economy to be held in US capital Washington on Nov.15. More>>
Hu to attend G20 summit on crisis
China expected to build a fair, inclusive and efficient international financial system, said Vice Foreign Minister He Yafei on Nov.6. More>>
A turning point in strategy
China's government on Wednesday announced a slew of measures, including approval of infrastructure projects and a further rise in export rebates, in a wide-ranging attempt to stimulate the economy and stave off the effects of the global financial crisis. More>>
A senior Chinese planning official told reporters on Nov. 14 that the new 4 trillion yuan (586 billion U.S. dollars) economic stimulus package includes 1.18 trillion yuan from the central government through 2010. More>>
The Executive Meeting of State Council
agreed on Nov. 5 that ten measures would be taken to expand domestic
demand and enhance economic performance. The current policy adjustment
was regarded as imperative and a must.
China's gross domestic product (GDP) grew 9.9 percent year on year to
20.163 trillion yuan (2.96 trillion U.S. dollars) in the first three
quarters of this year, the National Bureau of Statistics (NBS) said on
The National Bureau of Statistics released on Nov. 11 that the consumer
price index rose 4 percent in October and 6.7 percent over the 10 months
of the year respectively, compared with the same period of last year.
Further decrease is expected in the fourth quarter.
China's General Administration of Customs on Nov.12 announced that the
country's trade surplus in the first ten months of this year stood at
215.99 billion U.S. dollars, with the trade surplus of October reaching
35.24 billion U.S. dollars.
China's current account surplus rose 18 percent to 191.7 billion U.S.
dollars in the first half of 2008, the foreign exchange regulator said
Sales were down at a major Chinese trade fair which closed Nov.6.
Contracts signed during the 104th China Import and Export Fair in
Guangzhou, the provincial capital of Guangdong, totaled 31.55 billion
U.S. dollars. That's down 17.5 percent from the previous fair held in
April and down 15.8 percent from the autumn session a year ago.
China's retail sales grew at an annual rate of 22 percent in October,
down 1.2 percentage points from September, the National Bureau of
Statistics said on Nov.12.
China's Ministry of Finance (MOF) on Nov.13 reported the country's
fiscal revenue last month had dropped by 0.3 percent from October last
year to 532.9 billion yuan (78.04 billion U.S. dollars).
China's housing prices are expected to fall 10% on average in the coming two years with the highest drop reaching 30%, according to a recently-released research report by the Institute of International Finance of the Bank of China (BOC). More>>