The State Council has approved a stimulus package to invest as much as RMB 4 trillion by the end of 2010 to spur domestic demand, a move to curb the economic slowdown amid the global financial crisis, sources reported.
Premier Wen Jiabao stressed yesterday in a State Council meeting that the investment expansion should be carried [...]
China’s exports probably grew at the slowest pace since March 2007 as demand slumped because of the global financial crisis and shippers struggled to get letters of credit.
Shipments climbed 18.1 percent in October from a year earlier after gaining 21.5 percent in September, according to the median estimate of 17 economists surveyed by Bloomberg News. [...]
PetroChina, Asia’s top oil and gas firm, will keep investments steady next year, despite the backdrop of a worsening economic crisis, the firm’s chief said on Saturday.
Jiang Jiemin, speaking on the sidelines of a National Oil Company Forum in Beijing, echoed the views of many other top executives from state-owned energy firms when he said [...]
China approved a massive stimulus plan on Sunday worth nearly US$600 billion through 2010 to boost domestic demand as part of a global push for measures to soften an expected recession in many countries.
In Brazil, finance ministers, senior officials and leading central bank governors representing 90 percent of the world’s economy tried to find ways [...]
SB China Venture Capital, backed by Japan’s Softbank Corp (9984.T: Quote, Profile, Research, Stock Buzz), is raising its first yuan-denominated investment fund with an initial target size of up to 2 billion yuan ($293 million), people with direct knowledge of the matter said on Monday.
SB China aims to complete the fund-raising before the end of [...]
Chinese insurers’ investment returns dropped in the third quarter as they boosted fixed-income holdings and trimmed equities to curb losses from a stock market that has plunged almost 70 percent this year.
Investments averaged a 2.1 percent yield for the first nine months, down from 2.4 percent in the first half, China Insurance Regulatory Commission Assistant [...]
