Consumer-focused conglomerate China Resources Enterprise (0291.HK: Quote, Profile, Research, Stock Buzz) posted a 12 percent fall in third-quarter earnings amid a rapid slowdown in Chinese domestic consumption due to the global financial crisis.
Chinese consumers grew more cautious with their spending as the economic crisis deteriorated and slower sales were expected at the company’s supermarket operations [...]
The 3.65-billion-yuan (521.4 million U.S. dollars) government investment in China’s forestry sector will help create about 1.2 million jobs a year, said the State Forestry Administration (SFA) on Monday.
SFA deputy director Zhu Lieke said the bulk of the money would be used to plant trees and improve living conditions of forestry workers but with bigger [...]
China’s economic growth will decisively help Peru and other Latin American countries in their fight against the international financial crisis, Peruvian Deputy Foreign Minister Gonzalo Gutierrez said Sunday.
China’s contribution to boosting the world economy, especially the economy of the Asia-Pacific region, is unparalleled, Gutierrez told a press conference after the initial session of the Concluding [...]
Chinese shares rose about 2 percent on Monday, with the key index of Shanghai bourse closing above 2,000 points.
The benchmark Shanghai Composite Index gained 44.05 points, or 2.22 percent, to close at 2,030.49. The Shenzhen Component Index rose 122.62 points, or 1.84 percent, to close at 6,783.03 points.
Combined turnover climbed to 131.88 billion yuan (18.84 [...]
China’s state council has approved to launch real estate investment trusts (REITs), the Caijing Magazine reported, citing unnamed sources as saying.
The detailed rules will be made by the central bank and the banking regulator prior to the official implementation of the scheme, which is expected to be the end of 2008 or the beginning of [...]
China is set to become an official member of the Inter-American Development Bank (IDB), the People’s Bank of China, the central bank, said on its website Tuesday.
China’s joining IDB was “a win-win choice” for the benefit of all sides involved, said Zhou Xiaochuan, the central bank governor during his meet with IDB President Luis Alberto [...]
