China’s yuan-denominated individual home mortgage lending rose 1.4 trillion yuan ($204.98 billion) in 2009, up 47.9 percent from the previous year, said a report issued by the People’s Bank of China, the central bank, on Wednesday.
The growth rate was 37.4 percentage points higher than the previous year, said the report on China’s investment flow in [...]
The yuan is likely to appreciate against the United States dollar this week after China raised the bank reserve ratio in an effort to curb liquidity and shift from an overly easy monetary policy.
The Chinese currency edged up against the greenback last week and ended at 6.8271 on Friday, according to the China Foreign Exchange [...]
China has moved and is expected to take more steps to rein in excessive money supply, which resulted in rising concerns of inflation and a bubble in the property market, experts say.
The latest move came from the People’s Bank of China, the central bank, which announced late Tuesday to raise the deposit reserve requirement ratio [...]
The General Office of the State Council, China’s cabinet, Sunday issued a notice that required central governmental departments and local governments to strengthen management, stabilize market expectations and facilitate stable and sound development of the real estate market.
“With the recovery of the real estate market, such problems as excessively rising house prices have recently emerged [...]
China asked its financial institutions to let credit play a bigger role in guiding and promoting industrial structure adjustment while preventing risks, according to a statement posted on the website of the People’s Bank of China (PBOC), the central bank, Wednesday.
More financial supports should be given to the adjustment and rejuvenation of the country’s key [...]
As demand from China’s traditional trading partners will not fully recover in the coming year, Chinese manufacturers should develop high value-added products and expand their business in emerging markets, experts said at a forum held by the China Chamber of International Commerce (CCOIC) Friday.
Positive export figures in the past few months do not mean there [...]
