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China to adhere to basic economic system2009-6-27 14:26:59
In order to get to know the basic economic system at the primary stage of China's socialism, people have to grasp two essential points: one is to take public ownership as the main body and the other is to adhere to the common growth of economy belonging to diverse forms of ownership.Taking public ownership as the mainstay is a fundamental principle of socialism. In a socialist country like China,
China plans northwest inland regional economic zone across Shaanxi, Gansu2009-6-26 9:31:40
China will build an inland regional economic zone spanning two northwestern provinces, according to a design plan released by the State Council Information Office on June 25. The Guanzhong-Tianshui Economic Zone Development Program showed a zone that would cover 79,800 square kilometers of Shaanxi and Gansu provinces. The area would be built into "a strategic highland for the country's inland
China’s Economic Growth Slows in First Quarter2009-4-17 15:04:02
HONG KONG — China’s economy grew more slowly than usual in the first quarter, and joblessness increased, but fairly strong investment and consumer spending helped prevent falling exports from dragging down economic output even further, the government said Thursday.The New York Times China’s economic output was 6.1 percent higher in the first quarter than a year earlier, the
5 cities settle int'l trade in RMB on trial2009-4-9 8:17:48
BEIJING -- China's State Council, or Cabinet, announced a pilot program to allow exporters and importers in five cities to settle cross-border trade deals in Renminbi, or yuan.The cities are Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan. The latter four are all in south China's Guangdong Province.Attendees at a State Council executive meeting Wednesday, presided over by Premier Wen Jiabao, ag
China raises gasoline, diesel benchmark prices2009-4-7 10:46:31
China said it would raise benchmark retail prices of gasoline and diesel by 290 yuan (42.46 U.S. dollars) per tonne and 180 yuan per tonne, respectively, as of midnight Tuesday. It is the second oil price adjustment this year. The National Development and Reform Commission (NDRC), China's top economic planner, cut benchmark pump prices of gasoline and diesel by 140 yuan and 160 yuan per tonne, or
China to issue $4 bln treasury bonds this week2009-4-7 8:35:48
China's Ministry of Finance (MOF) said Wednesday it would issue this week 27.31 billion yuan (4 billion U.S. dollars) of book-entry treasury bonds, the fourth batch this year. The issue period would run from April 2 to 6, said the ministry in a statement on its website. The bonds, with a term of five years, have an annual interest rate of 2.29 percent. The interest would be calculated from the day
G20 pledges $1.1trln to revive world economy2009-4-7 8:26:11
The second Group of 20 (G20) Summit concluded in London on Thursday with consensus on how to get the world out of the financial crisis, including pledge of 1.1 trillion U.S. dollars to revive the world economy, a joint call to fight protectionism, and concrete actions to tighten banking regulations. In a post-summit Leaders' Statement, the G20 leaders emphasized that "the only sure foundation

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