Date
19 October 2019

World

  • PBoC sees strong pressure for credit expansion, paper says

    Oct 17, 2013 7:37am
    Pressure for credit expansion remains high due to the fast growth of new loans in recent months as well as rising trade surplus and capital inflows, the Economic Information Daily reported Thursday, citing a statement issued...
  • Reporter receives death threats over Wenzhou stories, paper says

    Oct 16, 2013 2:31pm
    Chen Zhouxi, a reporter from China Business News, has received death threats after he published a series of stories about the declining home prices in Wenzhou, the Zhejiang city known for its robust private sector, China...
  • Govt eyes 2.22 bln yuan for public services, statement says

    Oct 16, 2013 1:48pm
    The Ministry of Finance will allocate 2.22 billion yuan (US$363.87 million) to support public services including health care and elderly care, it said in a statement on the government website Wednesday. Priority will be given to...
  • Drop in visitors on Canton Fair’s first day, report says

    Oct 16, 2013 11:32am
    Visitor numbers were down by a large margin on the first day of the China Import and Export Fair, also known as the Canton Fair, a sign that overseas demand remains weak, Economic Information Daily reported...
  • China in for tough 5-year economic transition, paper says

    Oct 16, 2013 10:05am
    The next five to eight years will be a difficult transitional period for China’s economy as the country weeds out overcapacity, Economic Information Daily reported Wednesday, citing National Development and Reform Commission researcher Zhang Yansheng. Zhang said if...
  • China cabinet promises information transparency, Xinhua says

    Oct 16, 2013 8:51am
    The State Council, China’s cabinet, on Tuesday promised to improve information transparency to better respond to people’s concerns and boost the government’s credibility, Xinhua news agency reported Wednesday, citing a circular. The cabinet warned that some...
  • Local debt audit results released in November, paper says

    Oct 16, 2013 8:27am
    The National Audit Office has completed its nationwide audit of local government debts, the third since 2011, and will submit the results to the State Council around Oct. 20 before releasing them next month, the National...
  • Li deems CPI under control, Xinhua says

    Oct 16, 2013 7:00am
    Premier Li Keqiang {李克強} underscored China’s capacity to keep the country’s consumer price index to around 3.5 percent this year, Xinhua reported Tuesday. On a state visit to Vietnam, Li said the 3.1 percent CPI for...
  • Peter Lee, divisional president for the Greater China region of CPA Australia

    Shanghai takes on Hong Kong and Qianhai in hub fight

    - Oct 16, 2013 6:00am
    With the establishment of the China (Shanghai) Pilot Free Trade Zone, should Hong Kong feel threatened? It should, according to a senior executive of professional accounting body CPA Australia.   “In three years’ time, the Shanghai free trade...
  • PBoC sells 10 bln yuan reverse repos, statement says

    Oct 15, 2013 11:33am
    China’s central bank sold 10 billion yuan (US$1.6 billion) of reverse repurchase agreements on Tuesday to ease liquidity in the interbank market. The People’s Bank of China (PBoC) issued the seven-day securities at a 3.9 percent...
  • 3.4 bln travelers to visit China in 2013, CNS says

    Oct 15, 2013 10:16am
    China is expected to receive up to 3.4 billion visitors this year, representing 10 percent year-on-year growth, China News Service reported Monday, citing China Tourism Academy sources. Annual tourism income is projected to total 2.87 trillion yuan...
  • HK top choice for mainland firms’ Asia HQs, CNS says

    Oct 15, 2013 9:20am
    Hong Kong is the preferred location for mainland businesses to set up their Asian headquarters, the China News Service reported Monday, citing a survey by the China Council for Promotion of International Trade. The council said...
  • China seeks 19,000 national-level civil servants, Xinhua says

    Oct 15, 2013 9:06am
    China’s national-level government agencies, including affiliated public institutions and local branches, will recruit more than 19,000 civil servants in 2014, a slight decrease from the current year, Xinhua news agency reported on Monday. Applications for those...
  • Official sacked after piggybacking amid flood, report says

    Oct 15, 2013 8:55am
    A village official in flood-hit Zhejiang province was removed from his post after a picture of him being given a piggyback sparked public uproar online, Xinhua news agency reported on Monday. The official, identified only as Wang,...
  • New bridge to boost trade with North Korea, Xinhua says

    Oct 15, 2013 8:46am
    A new bridge will link China and North Korea by 2014 , greatly boosting trade between the two countries, Xinhua news agency reported Monday, citing officials. Also, a new border trade complex, complete with customs, border control...
  • Fewer firms attend Canton Fair, paper says

    Oct 15, 2013 7:41am
    The 114th China Import and Export Fair, or Canton Fair, which serves as a barometer of the country’s foreign trade, begins Tuesday with fewer firms attending, mainly because it coincides with the Islamic Corban Festival, also...
  • CASS forecasts China GDP growth at 7.7%, paper says

    Oct 15, 2013 6:57am
    The Chinese Academy of Social Sciences (CASS) has predicted that China’s gross domestic product (GDP) will grow 7.7 percent this year as it forecast in the beginning of the year, compared with the projection of 7.6 percent by...
  • Russia’s Medvedev to visit China next week, Xinhua says

    Oct 15, 2013 6:53am
    Russian Prime Minister Dmitry Medvedev will make a a two-day official visit to China from Oct. 22, Xinhua reported Monday, citing Foreign Ministry spokeswoman Hua Chunying. Medvedev and Premier Li Keqiang will co-chair the 18th regular meeting...
  • UK vows simpler visa rules for Chinese visitors, report says

    Oct 14, 2013 2:52pm
    Britain’s Chancellor of the Exchequer George Osborne said his country will simplify the visa application process for Chinese visitors, Bloomberg News reported Monday. Under a pilot program, Britain will allow some Chinese travel agents to apply...
  • ATMs to detect fake notes by 2015, paper says

    Oct 14, 2013 1:35pm
    Automatic teller machines (ATMs) will feature serial number readers capable of detecting fake notes by 2015, Beijing News reported Monday, citing the People’s Bank of China (PBoC). Nearly 50,000 ATMs in Beijing, Shanghai, Nanjing and Guangzhou...