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Top planner: Pressure on economy increasing2008-11-28 9:23:02
The pressure on the economy is increasing and this month's indicators show a faster declining tendency, the country's top planning official said yesterday.But the government will take effective steps to increase domestic demand and create more jobs, said Zhang Ping, minister of the National Development and Reform Commission (NDRC)."We must take forceful and effective measures to curb excessiv
Global slowdown may hit China's hinterland hard2008-11-28 9:20:59
China's less-developed central and western parts are likely to suffer more than coastal regions in the unfolding global economic slowdown in the long term, warned a senior official from the National Development and Reform Commission (NDRC).Fledging industrial structures, sharply declining resource prices and a weaker capability to handle risk and social conflict make the western and middle regions
Investment growth slacker in western China2008-11-28 8:55:43
The year-on-year investment growth rate in western China slowed down at a quicker pace than that in coastal and middle parts of China over the previous ten months, the latest official data shows. The National Development and Reform Commission posted the data on its website today, showing the western region's investment growth rate went down 1.9 percent compared with the same period last year, whil
Stimulus spending to be monitored2008-11-28 8:53:07
The central government will take several measures to ensure China's 100 billion yuan stimulus package is spent properly and prevent corruption, said Zhang Ping, minister of the National Development and Reform Commission at a press conference in Beijing today.He said the government would decide who takes respective responsibility and make sure they follow procedures. 24 inspection teams were set up
China's GDP growth slowing to 8% in Q42008-11-28 8:51:25
One day after China's central bank announced its biggest interest rate cuts in a decade, a key Chinese government think-tank, the State Information Center, predicted China's GDP (Gross Domestic Product) growth will slow to 8 percent in the fourth quarter of 2008, from the third quarter's 9 percent.According to the report from the State Information Center, China's economic growth in the fourth quar
Premier Wen seeks economic advice from experts2008-11-27 11:04:13
Chinese Premier Wen Jiabaohas held in-depth talks with top economists and entrepreneurs to discuss the current economic situation and the country's macro controls amid government efforts to steer the economy out of trouble against a background of global turmoil.The premier sat down with specialists in a wide range of fields from fiscal policy, finance and the corporate world, to agriculture, real
Cross-Straits financial supervision soon2008-11-27 11:02:42
The Chinese mainland and Taiwan are expected to ink a memorandum of understanding (MoU) on cross-Straits financial supervision in the first half of next year, which will allow the island's lenders and securities firms to tap the mainland's financial market."The MoU will cover regulatory cooperation on the banking and securities sectors," Susan Chang, chairperson of Taiwan Financial Holdi

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