China to Advance Interest Rate Liberation Systematically: Zhou Xiaochuan
China sets to make a big stride in the liberation of interest rate during the 12th five-year plan (2011-2015), said central bank governor Zhou Xiaochuan.
Voodoo Economics Revisited
What we are seeing is agreement across the aisle on a very dangerous approach to public finance: a continuation and extension of what President George H.W. Bush memorably called “voodoo economics.”
RMB Real Effective Exchange Rate Gains 56Pct in 16 Years
China’s RMB real effective exchange rate (REER) has gained 56.6 percent since 1994;RMB nominal exchange rate rose 32.8 percent during the same period.
Ansteel Unveils Asset Replacement Plan with Pangang
Pangang V&T will acquire 100 percent of stake in Anqian mining, Angang Hong Kong Holdings, and Angang’s Macao unit.
China, India Ink $16 Bln Worth of Trade Deals: Premier
Bilateral trade between China and India is expected to exceed 60 billion U.S. dollars this year, 20-folded more than that in 2000.
China's 3G Users to Hit 100Bln in 2011: Analyst
By the end of 2011, the number of 3G users is expected to hit 100 million and investments conducted by China’s three largest telecom operators will reach 75 to 78 billion yuan.
Gov. Says China Edible Oil Supply Guaranteed Ample
The temporary production suspension in recent days was the result of a transport bottleneck for soyoil and soymeal, and overstocking within the group.
China CPI Projected at 4Pct, GDP 8Pct in 2011
GDP is projected at 8 percent in 2011, and price inflation will be kept under control at 4 percent.
22 May Dead, 4 Chinese Missing in South Korean Fishing Boat Sinking
22 sailors are feared dead with five confirmed after a South Korean fishing boat sunk in freezing waters near Antarctic. Four Chinese were missing.
Central Economic Conference Set Tone for 2011 Policies, Stock Market may Soar
The three-day Central Economic Conference has set the tone for the country’s future economic development in 2011, with prudence a primary policy while controlling prices a major task.
China's New Lending Falls in Nov.
New loans totaled 564 billion yuan in November, central bank data showed on Friday, down slightly from 587.7 billion in October.
China’s Environmental Tax Shapes up, Hoping to Raise 100 Bln Yuan Annually
An initial plan on environmental tax is likely to help Chinese local governments raise 100 billion yuan annually.
Sinopec Buys OXY's Argentina Assets for $ 2.4Bln
China Petrochemical Corp, parent of Sinopec Corp, has signed an agreement with U.S.-based Occidental Petroleum Corp. to acquire its Argentina unit’s oil and assets for 2.45 billion U.S. dollars.
Government Denies 78 SOEs Delayed Exit from Property
China’s state-owned asset watchdog recently denied a report that the 78 SOES delayed their move to withdraw from the red-hot real estate sector as requested by central government early in March.
ZTE Wins $850 Mln UMTS Contract with India’s Aircel
ZTE has won a UMTS contract worth 850 million U.S. dollars with service provider Aircle in India to build and deploy its 3G network.
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.
Millions to Be Relocated on Poverty Reduction in Central China
Nearly 2.8 million people from 28 counties will be involved under the relocation programs, the largest ever in China, even surpassing the great migration during the construction of the Three Georges Dam.
Brazil's Vale to List in Hong Kong on Dec.8
The Sao Paulo-based Vale said it would list about 652 million common shares and class A preferred shares on the financial hub’s bourse, making it the largest listed foreign company in non-financial sector.
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.
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