The Shanghai municipal government will push ahead with the launch of a long-awaited international board, which will enable foreign issuers to sell stock in the Chinese mainland, a top official has said.
The Chinese currency will continue to rise at an average annual rate of 5 to 8 percent in the following years, says former U.S. Ambassador to China Jon Huntsman.
Easing inflation provides room for more easing measures which will keep China on track for a soft landing.
The World Bank forcast China will have a growth of 8.4% in 2011, and 9.1% in 2012.
“China has confirmed to U.S. officials that it planned to spend 1.7 trillion U.S. dollars on strategic sectors in the next five years,” according to Reuters
“Global economic conditions remain serious, and thus ensuring the recovery of economy should be the most pressing task," says vice premier Wang Qishan.
The funds outstanding for foreign exchange registered the first negative growth in October since the December 2007, central bank data showed on Monday.
A long-term economic recession worldwide is certain to happen, and China should focus on its domestic problems, Chinese Vice Premier Wang Qishan has said.
RMB real effective exchange rate(REER) added 1.05% in October.
Investigations against China came to more than 690 since its entry into the World Organization Trade, with a trade value of some 40 billion U.S. dollars
China’s central bank has signaled that the bank will “fine tune” its monetary policies “timely and appropriately”, setting tone for a possible easing.
China will maintain stable policy to boost exports.
Shanghai begins issuing bonds on Nov 15th.
China's total holdings of US treasury debt rose in September.
Trade surplus this year is likely to narrow to around 150 billion U.S. dollars, down about 18 percent from a 183.1 billion U.S. dollars surplus last year
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