Archive for June, 2007

China’s consumer price index rises 3.4% in May

Inflation in China rose by the highest monthly level in more than two years in May, the National Bureau of Statistics (NBS) reported on Tuesday.
The consumer price index (CPI) rose 3.4 percent in May over the same month of last year, higher than the government’s warning level of three percent, according to a statement from [...]

Study: CEPA boosts HK economy

The implementation of the Chinese Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) has pumped impetus to Hong Kong economy by benefiting trade, creating jobs, inducing investment and boosting tourism, according to a study released by the government of Hong Kong Special Administrative Region (HKSAR) on Tuesday.
The HKSAR government sent questionnaires to more than [...]

China to issue national standards on MP3 players

China is expected to issue national standards for portable digital players by the end of 2007 after many were found to have defects, according to the Ministry of Information Industry (MIT).
MIT announced on June 5 that 22 of the 33 types of MP3 players it inspected in 2006 were defective. Many provided poor sound quality [...]

Investment approval tightened

A stricter approval process will be applied to foreign investment into China’s real estate market, especially in the high-end sector, according to a notice jointly released by the country’s two top regulators.
According to the notice, all foreign real estate companies that have been approved by the local government must be put on the record of [...]

China’s imports of nonferrous metals rise 76 pct in first four months

Imports of nonferrous metals in China jumped 76 percent year-on-year in the first four months of 2007, according to the nation’s top economic planning agency.
Analysts said China’s economy, which expanded 11.1 percent in the first quarter, has boosted its imports of various raw materials and products ranging from oil and iron ore to nonferrous metals.
Imports [...]

China’s trade deficit in farm produce reaches 100 mln USD from Jan to April

China’s trade deficit in farm produce reached 100 million U.S. dollars in the first four months of 2007, the Ministry of Commerce (MOC) said here Thursday.
The country’s exports of farm produce hit 11.48 billion dollars, up 23.9 percent year-on-year, while imports were 11.58 billion dollars, up 10.4 percent year-on-year.
China’s farm produce exports to the European [...]

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