The brokerage cut China's GDP growth to 7.4 percent from 7.6 percent in 2013, and to 7.1 percent from 7.3 percent in 2014
The government shall "deploy a combination of monetary policy tools…to unleash and activate money stock, and make better use of the new capital," the Guidance said.
Analysts compare his wording of "revenue stock" with the "money stock" he mentioned third times in a month while stating his financial policies.
I'd say to our friends in Beijing, let us conclude a free trade agreement between China and Australia."
Corporate savings, government savings and household savings could amount to roughly 25 trillion yuan, nearly half of China's GDP
Local governments debts amounted to 3.85 trillion yuan in 36 regions in 18 provinces at the end of 2012, up 12.94%, or 441 billion from that in 2010.
China is on track to remove all hukou restraints in small towns and cities, lift to a centain extent restrictions in middle-sized cities "in an orderly manner"
About 27 percent of Chinese consumers plan to spend more in 2013, an 11 percent drop from last year’s 38 percent.
China and Vietnam will work to increase bilateral cooperation in trade, investment, technology, and education, according to President Sang.
HSBC cut China 2013 forecast to 7.4% from and 8.2% and 2014 forecast 7.4% to 8.4% after the same-day statistics showed the flash readings of China’s PMI fell to a nine-month low in June.
The flash reading of HSBC China Purchasing Manager's Index fell to 48.3 in June, worse than the final reading of 49.2 in May
The most important thing is not the timing of the tapering, he added, stressing the need of policy accommodation.
Completed deals involving energy accounted for a respectable 71 percent of the total volume, led by CNOOC’s 15.1billion takeover of Nexen.
The process is expected to last for three to five years, Ding said. "It is a long time, but is a must because obsolete and excessive capacity has to be closed."
A check of industrial profits from 71 firms in Henglan, Guangzhou city, found the data was falsely inflated by 6.29 billion yuan ($1.02 billion) in 2012, almost three times of the real figure of 2.22 billion
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