The country’s banking regulator plans to curb credit growth this year amid rising concerns about asset bubbles in the economy.
“We will continue to control the pace and amount of credit supply this year,” Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), told participants at the Asian Financial Forum in Hong Kong yesterday.
“New bank [...]
As climate change poses a great challgenge to China’s agricultural sector, the government and farmers should tackle it in a scientific and systematic way, Chinese Vice Minister of Agriculture Niu Dun said in an interview with Xinhua.
Climate change has posed great threats to the traditional farming sector, and extreme weather events, such as droughts, floods, [...]
China’s large state-owned companies with high sales and substantial assets may no longer be deemed “successful” under new government performance measurements.
Huang Shuhe, vice chairman of the State-owned Assets Supervision and Administration Commission (SASAC), has announced the SASAC this year will use the economic value added (EVA) measure to assess the performance of the 129 state-owned [...]
China’s tax revenue reported an annual increase of 9.1 percent to 6.31 trillion yuan (928 billion U.S. dollars) last year, said a statement posted Friday on the website of the State Administration of Taxation.
Tax revenue excludes tariffs, tonnage dues, farmland use tax and contract tax, said the statement.
Domestic retail sales tax revenues jumped 85.4 percent [...]
China’s export of mechanical and electrical products would see a moderate growth in 2010 thanks to the gradually improving external demand, an official with China’s Ministry of Commerce (MOC) said Tuesday.
Zhang Ji, director of the department of mechanic, electronic and hi-tech industry under the MOC, forecasted that the export of mechanical and electrical products to [...]
China’s economic growth would hit 9 percent in 2010 with exports making bigger contribution to it, a senior economist said here Monday.
Ma Jun, Deutsche Bank Greater China chief economist, said at an investment forum that exports would play a bigger role in boosting China’s economic expansion in 2010.
“Investment’s contribution to China’s economic growth is expected [...]
