Chinese Vice-Premier Zeng Peiyan has urged authorities responsible for statistics, surveying and mapping, food and tobacco to implement the government’s scientific outlook on development.
Addressing their annual working meetings, Zeng urged the statistics authorities to innovate in their methods and improve accuracy and authority.
Tags: economic, food
China’s gross domestic product (GDP) grew 11.4 percent year-on-year to 24.6619 trillion yuan (3.43 trillion U.S. dollars) in 2007, but the risks of spiraling inflation and economic overheating were also rising.
The growth rate was 0.3 percentage points higher than the 2006 level revised at 11.1 percent, the National Bureau of Statistics (NBS) said on Thursday.
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China and Vietnam have agreed to properly handle their dispute over the South China Sea, according to the consensus reached at the second meeting of the China-Vietnam steering committee on cooperation held on Wednesday.
The meeting was co-chaired by Chinese State Councilor Tang Jiaxuan and Vietnamese Deputy Prime Minister and Foreign Minister Pham Gia Khiem.
Tags: economic, [...]
China’s state-owned enterprises posted a 31.6 percent rise in 2007 total profits buoyed by a strong economy, the Ministry of Finance said Wednesday.
Total profits reached a record 1.62 trillion yuan (221.9 billion U.S. dollars), from 1.23 trillion yuan a year earlier, said a statement from the ministry.
Tags: economic, tax
The Federal Reserve on Tuesday decided to cut a key interest rate by 0.75 percentage points to 3.5 percent to fend off a possible economic recession, the biggest one-day move by the central bank in recent memory.
“While strains in short-term funding markets have eased somewhat, broader financial market conditions have continued to deteriorate and credit [...]
China will endeavor to maintain steady and fairly fast economic growth and deepen the reform of the economic system, Chinese Vice Premier Zeng Peiyan said here Thursday.
“To prevent overheating of the economy and inflation is our top priority for macro control this year. We will pursue a prudent fiscal policy and tight monetary policy to [...]
