Policies
China's bank credit to rise in Q4: PBOC
2009-10-31
China's bank loan demand is predicted to increase steadily, and consumer prices will continue to rebound in the fourth quarter, the central bank said in a report Friday.
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PBOC: lending & inflation to rise
2009-10-30
Zhou Xiaochuan, Governor of PBOC, said, "We will maintain the steady growth of the economy, adjust the economic structure and manage inflation expectations. We will keep economic policies consistent, and continue the moderately easy monetary policy. We will also control the rhythm and tension of the policies."
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China's Zhou says to continue with Yuan reforms
2009-10-30
China's central bank governor Zhou Xiaochuan said on Friday that China would continue to pursue currency reforms despite having adopted a special policy to maintain Yuan stability in response to the global financial crisis.
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China locked into financial policy
2009-10-27
China has reiterated its commitment to proactive financial policies and moderately loose monetary policies amid market speculation that it might be preparing an exit strategy. Despite the fact that the country's economic growth is likely to speed up in the fourth quarter, the government will stay the course on its fiscal stimulus spending and its support of loose monetary policy, said Vice-Premier Li Keqiang yesterday at the International Tax Dialogue Global Conference.
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Exports rebound catches firms short-handed
2009-10-26
Many companies in China's southern export hub are now finding it hard to recruit staff to handle orders as exports show signs of rebounding, a Chinese minister said on Monday. The situation contrasts with earlier this year, when companies in Dongguan in the Guangdong region were forced to lay off migrant workers because of the global downturn, said Zhang Yutai, the minister in charge of the Development Research Centre, a think tank under the State Council, China's cabinet.
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China likely to taper stimulus, focus on inflation risks in 2010
2009-10-23
The continued pickup in China's economic growth in the third quarter raises the chances that Beijing will scale back its stimulus policies next year, as it turns its attention toward inflation risks. With gross domestic product growing 8.9% in the July-September period from a year earlier, Chinese officials are sounding more optimistic. Li Xiaochao, spokesman for the National Bureau of Statistics said Thursday as the data were released, "We can certainly say we are confident of reaching this year's 8% growth goal."
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China's GDP growth to top 7% in first three quarters: official
2009-10-19
China's gross domestic product (GDP) growth in the first three quarters should exceed 7 percent, Xiong Bilin, deputy director general of the Industry Department of the National Development and Reform Commission (NDRC), said Monday. Few difficulties stood in the way of China realizing its annual target- made early this year -of 8 percent GDP growth year on year, said Xiong at a press conference highlighting production overcapacity. The government's 4-trillion-yuan (585.65 billion U.S. dollars) stimulus package, rolled out in November last year, contributed much to China's economic recovery, Xiong said.
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The way to low-carbon economy
2009-10-19
With China's rapid economic growth, the energy demand, as well as its overall national greenhouse gas (GHG) emissions, is seeing a corresponding increase. China must transform to a low-carbon economy, because the new model would not only ensure China honoring its international commitment but also help China alter its economic growth pattern.
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China's economic recovery to pick up momentum in 2010
2009-10-19
China's economy has passed the worst and recovery will pick up momentum next year, according to a prominent Chinese economist.
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China, EU focus on social security schemes
2009-10-19
Establishing a multi-tier pension system may be better at reducing investment risks of pensioners, especially during a financial crisis, experts at the two-day European Union-China high-level roundtable on social security concluded on Friday. China started to establish a social security system in 1996. It is expected to cover all urban and rural residents by 2020.
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China to input RMB 468.9 bln Yuan for West development in 2009
2009-10-12
China plans to invest RMB 468.9 billion (68.65 billion U.S. dollars) in projects to boost the development of the country's western region in 2009, said the National Development and Reform Commission (NDRC) Monday.
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Too early to remove economic stimulus, China official says
2009-09-24
It is still too early to remove economic stimulus as the world economy is showing only "primitive" signs of recovery, a senior Chinese official said Thursday. “The world economy is not completely out of the woods”, Ma Xin of the National Development and Reform Commission said in the sidelines of the Group of 20 nations’ summit.
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China PBOC: impact of econ-boosting policies pronounced
2009-09-20
China's central bank said that China's stimulus measures and moderately loose monetary policy have had a "pronounced impact" on the country's ability to promote stable and fast growth of its economy amid the global financial crisis. It said that it will maintain a moderately loose monetary policy.
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