Economy
Economy
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China's Central Bank Cut Both The Requirement Reserve Ratio
Jun 28, 2015China's central bank cut both the requirement reserve ratio (RRR), the amount of reserves banks required to hold, and benchmark interest rates on Saturday. The credit-easing move, to be effective on Sunday, aims to "support the real ...
Tags: Reserve Ratio, Interest Rates
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Profit Growth at Major Chinese Industrial Firms Slowed to 0.6% in May
Jun 28, 2015Profit growth at major Chinese industrial firms slowed to 0.6 percent year on year in May, down 2 percentage points from the pace posted in April, the National Bureau of Statistics (NBS) said on Sunday. Profits at industrial companies ...
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Chinese Government Is Struggling to Meet Its Fiscal Targets This Year
Jun 28, 2015The Chinese government is struggling to meet its fiscal targets this year, finance minister Lou Jiwei warned on Sunday, citing slowing fiscal revenue growth. The central treasury received 2.95 trillion yuan (about 475 billion U.S. ...
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Chinese Government Is Considering Reform of The Individual Income Tax System This Year
Jun 28, 2015The Chinese government is considering reform of the individual income tax system this year, finance minister Lou Jiwei said Sunday. China grossed 443 billion yuan (71 billion U.S. dollars) in 2014 from individual income tax, 3.2 percent ...
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A Free Trade Agreement Was Signed Between China and Australia
Jun 17, 2015China and Australia signed a long-awaited Free Trade Agreement (FTA) on June 17 in Canberra, Australia. The agreement ensures 85 percent of all Australian exports enter China tariff-free and 95 percent when the deal is in full force. ...
Tags: Free Trade Agreement, FTA
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Shanghai Composite Index Down More Than 3% at The End of Trading
Jun 16, 2015Chinese shares dived on Tuesday, with the benchmark Shanghai Composite Index down more than 3 percent at the end of trading, driven by an exodus of capital from the stock market. The benchmark Shanghai Composite Index dived 3.47 percent, ...
Tags: ChiNext Index, Chinese shares
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China's Real Estate Market Has Shown Glimmering Signs of Bottoming out in Big Cities
Jun 16, 2015China's real estate market, widely scrutinized for its significance to the world's second largest economy, has shown glimmering signs of bottoming out in big cities. The property market remains largely anemic, but a string of indicators ...
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China Will Develop Strategic Emerging Industries
Jun 12, 2015China will come out with a five-year plan (2016-20) for the development of its strategic emerging industries and to further boost its innovation efforts, the nation's top economic planner said on Friday. The National Development and ...
Tags: Emerging Industries, Economy
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Chinese Shares Rose to The Highest Level in Seven Years
Jun 11, 2015Chinese shares rose to the highest level in seven years in volatile trade as bets that MSCI Inc will include mainland shares in its indexes overshadowed weaker shipments data. The ChiNext index of smaller and startup companies tumbled 4.67 ...
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Retail Prices of Gasoline Would Be Cut
Jun 10, 2015The National Development and Reform Commission, the nation's top economic planner, said on Monday that retail prices of gasoline would be cut by 110 yuan ($17.78) a metric ton, or 0.08 yuan a liter from Tuesday, while diesel prices would ...
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China's Greenhouse Gas Emissions Peak by 2025
Jun 9, 2015China's greenhouse gas emissions could peak over five years earlier than expected, which will contribute to the effort of curbing global warming, according to a report jointly published Monday by two institutes at the London School of ...
Tags: Greenhouse Gas, Energy
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Chinese Imports and Exports Shrank Again in May
Jun 9, 2015Chinese imports and exports shrank again in May, the latest sign of sputtering growth in the world's second biggest economy that adds to pressure on Beijing to avoid a sharp slump. Customs data released Monday showed that exports ...
Tags: China Economy, China Trade
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China Leads The Pack of 30 Countries in Retail Growth
Jun 8, 2015Global management consulting firm A.T. Kearney's Global Retail Development Index (GRDI) 2015 shows that C. China's GDP growth of 7.4 per cent in 2014 was its lowest in a quarter century. Yet, relative to other developing markets, its ...
Tags: Retail, China Retail, Economy, Service
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The Bubble Question in China's Booming Stockmarket
Jun 8, 2015Chinese stocks and economic growth have long had little to do with each other. Between 2010 and early 2014, when China boasted the world's fastest-growing economy, its stockmarket was consistently among the world's worst performers. Since ...
Tags: Stockmarket, Economy
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Long-Term Consequences of China's Coming Stockmarket Correction Are The Ones to Fear
Jun 5, 2015The long-term consequences of China's coming stockmarket correction are the ones to fear IF YOU were a Chinese worker you could have spent the past year toiling to earn a living. Or you could have bought some shares and sat on the sofa ...
Tags: Share Prices, Economy, Stockmarket
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