Shanghai, Chongqing to Introduce Property Tax on Trail Basis
China will soon launch a long-waited property tax, most probably before the annual meeting of congress in March.
CASS: China's Economy to Up 10Pct, CPI Up 3.3Pct in 2011
China’s economy is expected to grow at an annual rate of 10 percent year-on-year in 2010, accompanied with 3.3 percent in CPI growth.
71 SOEs Still Remain Operation in Property
Only seven SOEs have sold their stake in less than 20 property firms after the government ordered 78 SOEs with no core businesses in the real estate industry to hand in a withdrawal proposal in March.
China's Growth Potential to Drop 7-9Pct: Official
China’s future economic growth is likely to decline to 7 to 9 percent from 10 percent now on dampened Total Factor Productivity.
UN Report Says China's Economy to Grow 8.9Pct in 2011
China’s economy will grow at 8.9 percent in 2011, compared with a grim outlook for global economy, according to a UN report.
Chinese Economy to Grow 9Pct in 2011, Says UBS Report
China’s economy is likely to grow at a slower pace of 9 percent next year, as the role of net exports to drive GDP weakens due to sluggish overseas market demand.
China Analysts Expect Nov. CPI to Hit New High
China’s inflation is expected to hit a new high in November, increasing possibilities of interest rates hikes.
China Asks Banks to Raise Provision Ratio Above 2.5Pct
Chinese commercial banks were asked to set aside more than 2.5 percent of their total loans to cover potential non-performing loans .
China Trudging Towards the 7.5-Trilion-Yuan Target in Remainder of Year
Chinese banks had already issued new yuan loans totalling 6.9 trillion yuan in the first ten months, making it hard to meet the government's 2010 target.
Chinese Currency will Rise Moderately, Says Economist for Japan
Chinese currency renminbi, or the yuan, will not follow the yen’s strong appreciation around 1985 that leading to a decade’s decline for Japan.
Monetary Tightening Polices Nearing in China: JP Morgan
Chinese government is likely to unveil a string of monetary tightening policies, including increasing deposit requirements, hiking interest rates and letting its currency appreciate amid inflation concerns.
China Names 13 SOEs as Pilots for Stock Appreciation Rights Motivation
Chinese government named 13 SOEs as pilot companies to distribute stock appreciation rights to employees.
China Economists Expects Nov. CPI Up 4.5-4.7Pct
China’s consumer product index, the main gauge of inflation, will rise to 4.5-4.7 percent in November on build-in short-term expectations.
World Bank Disbursed Record Lending in Crisis
The World Bank Group has disbursed some record 80.6 billion U.S. dollars in 2009 and 2010 to soften blow from the economic crisis.
U.S. Panel Urged Congress to Label China Currency Manipulator
A U.S. congressional advisory body called on the congress to step up pressure on China to allow its yuan to appreciate by naming it as a currency manipulator.
No Need for Price Control, Says China’s Statistic Bureau Official
Chinese government should be cautious to control prices, warned Pan Jiancheng, Deputy Director-general of the National Bureau of Statistics’ economic monitoring center.
FAO Warns Food Crisis on Prices Hike
World food imports will exceed 1 trillion U.S. dollars on surging commodity prices, the highest since the 2007/2008 food crisis, the FAO said.
China Raises Holdings of U.S. Debt for 3rd Consecutive Month
China raised the holding of U.S. Treasury bonds for a third consecutive month in September by 15.1 billion U.S. dollars, bringing the total to 883.5 billion.
World Bank Says Arica Needs $31Bln for Infrastructure Construction
Africa is in need of 31 billion U.S. dollars of investment for infrastructure construction, World Bank Managing Director Ngozi Okonjo-lweala said at the China Mining 2010 on Tuesday.
China May Surpass U.S. by 2020: Standard Chartered
China’s comparatively faster expansion, together with an expected 25 percent appreciation of the yuan, should be enough for its nominal gross domestic product to exceed that of the United States by the end of the decade.
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