Gov't to allocate billions of yuan for cutting energy use
Thursday, August 30, 2007
The central government will pour billions of yuan into special projects to help meet the country's energy-saving targets.
In the second half of the year, a special fund of 7 billion yuan (921 million U.S. dollars) will b ...
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Yuan hits new high against U.S. dollar
Thursday, August 30, 2007
China's currency, the yuan, on Wednesday hit a new high against the U.S. dollar for the second consecutive day after more than one month of downward adjustment, according to the Chinese Foreign Exchange Trading System.
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Individual investment in overseas securities market permitted in China
Wednesday, August 22, 2007
Chinese citizens have been allowed to invest directly in overseas securities market on a trial basis, according to a circular released by the State Administration of Foreign Exchange (SAFE) on Monday.
According to the ci ...
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President Hu's tour to Central Asia, Russia fruitful
Wednesday, August 22, 2007
Chinese President Hu Jintao's just-concluded tour, a major diplomatic move by China in the Eurasian region, is fruitful with far-reaching influence, Foreign Minister Yang Jiechi said on Saturday.
The Chinese president an ...
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China's CPI to rise at moderate rate, still under control
Sunday, August 19, 2007
A Chinese national research center said on Wednesday that the consumer price index (CPI) is still within government control although it will "keep rising at a moderate rate for a relatively long time".
Recent pr ...
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Nokia to replace 46m mobile phone batteries that may overheat
Sunday, August 19, 2007
The world's top mobile phone maker, Nokia, issued a global statement yesterday recalling 46 million batteries used in its phones, which it said could overheat.
It is believed to be the world's largest replacement exercise ...
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Sales in China's GPS market to exceed 1.5 m sets in 2007
Sunday, August 19, 2007
China's post-installed global positioning system (GPS) navigation software market will grow to more than 1.5 million sets this year from 80,000 in 2006.
Post-installed GPS navigation software is the software that is ins ...
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Chinese shares hit new high for sixth straight trading day
Thursday, August 09, 2007
Chinese shares rose to a new high for the sixth straight trading day on Thursday, Aug. 9th with the key Shanghai Composite Index moving up 90.94 points or 1.95 percent to close at 4754.10 points.
The index, which covers ...
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China’s income disparity getting worse
Thursday, August 09, 2007
China's Gini coefficient, a standard measure of a country's overall income inequality, rose to 0.473 in 2004 from 0.4 in 1993, according to a report by the Asia Development Bank (ADB) released on Aug 8th.
It is the lates ...
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Chinese central bank warns of inflation risks in latest monetary report
Thursday, August 09, 2007
China's central bank admitted on Wednesday that the country is coming under increasing pressure from price hikes, and acknowledged inflation risks are "worthy of attention".
The People's Bank of China said in i ...
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