Chinese premier has called for intensified "fine-tuning" of the government's policies to spur growth, while warning of unsettled growth in the next half of this year.
Analysts said that the years’ fast growth in China’s forex reserves is coming to an end, but a sharp drop is not likely
The National Bureau of Statistics releases economic data for China.
This is the first step taken by Chinese government to "actually accomplish something" to boost confidence as Premier Wen Jiabao vowed recently.
Growth of electricity consumption in China slowed to around 4 percent year-on-year in June from the previous month's 5 percent, with several provinces posting negative growth in the month
China’ trade surplus has expanded 42.9 percent year-on-year in June to 31.7 billion U.S. dollars
This is the lowest inflation level the country has seen in 29 months, reinforcing Beijing’s determination on more easing measures to spur a slowing economy.
The report said macro easing will pick up momentum as the world’s second largest economy is going through a widely expected slowdown and inflation is under control
China had attracted 9.23 billion dollars in foreign direct investment in May, the first year-on-year increase after declining for six straight months.
China’s state assets regulator warned last week that the country’s SOEs had to be prepared for a period of downturn as the world’s second-largest economy may end its near-double digit growt
China will benefit from joining efforts to bulk up the Internal Monetary Fund's war chest for euro crisis, said a senior central bank official.
"The G20 members should encourage and support efforts made by Europe to resolve the crisis and send a signal of confidence to the market"
China will contribute 43 billion U.S. dollars to boost the International Monetary Policy’s war chest for tackling euro crisis
“We are confident that China will maintain steady and robust growth and thus make solid contribution to global economic growth”
Beijing should not launch another “4 trillion” stimulus package like the one in 2008-09 to counter global financial crisis, top Chinese academics and researchers said, warning over excessive policy responses.
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