Newsflash

SFC: GEM "on board" time not set

A head of SFC of China said that the time of the GEM "on board" time has not determined.

 
Worst BRIC China Becomes Fisher’s Best Buy on Consumer Rebound

China’s stocks, the worst performers among the largest emerging markets in the third quarter, are poised to rebound as investors say shares are too cheap to pass up with economic growth accelerating.

 
US mulls new duties on China steel pipes
The US Department of Commerce announced on Wednesday that it would launch an investigation into the import of seamless steel pipes from China, a move that could lead to new duties being imposed and strain already sour trade relations between Washington and Beijing.
 
China dissatisfied with anti-dumping duty of seamless steel pipe imposed by EU

EU Council of Ministers issued a public notice on the 6th,  ruling China seamless steel pipe exports to the EU  threat of injury  to the industry of EU, deciding to levy from 17.7 to 39.2% of the final anti-dumping duties. The Chinese Ministry of Commerc eexpressed dissatisfaction with this decision.

 
SFC: 123 A-share listed companies' profit increased by 1-3 times

Chinese Securities Regulatory Commission recently released data shows that the revenue of domestic listed companies in 2008 reached 1.13 trillion yuan, accounting for 37.67% of GDP of year 2008, with total profit of 1.074763 trillion yuan.

 
More than one thousand kinds of drug retail price cut down in China

Recently, the Chinese National Development and Reform Commission developed and published a national essential medicines in retail prices. More than one thousand kinds of drug retail price cuts down.

 
China boosts int'l use of RMB with sovereign bond sale in Hong Kong

The launch of Renminbi sovereign bonds in Hong Kong on Monday shows China's efforts to boost the international use of the yuan step by step, officials and analysts said.

 
China's PMI of manufacturing sector rises to 54.3% in Sept.

The Purchasing Managers' Index (PMI) of China's manufacturing sector rose to 54.3 percent in September, up 0.3 percentage points from a month earlier, the China Federation of Logistics and Purchasing (CFLP) said on Oct. 1.

 
IMF: China to lead Asian recovery with 9.0% growth in 2010

The International Monetary Fund (IMF) projected on Thursday that China will grow by 8.5 percent this year and 9.0 percent in 2010, saying China will lead Asia out of the economic recession.

 
China retail sales boom in National Day Holiday

China's retail sales hit 14 billion yuan (about 2 billion U.S. dollars) during the first three days of the National Day Holiday, up 15 percent from the same period of last year, the Ministry of Commerce said Sunday.

 
China top contributor to world economic growth
China top contributor to world economic growth China contributed 19.2 percent of the world economic growth in 2007, up from 2.3 percent in 1978, a report by the National Bureau of Statistics (NBS) has said. It said China tops the world in contribution to the global economic growth. The report was the 18th by the NBS. It showcased the impr…
 
Aberdeen Trims China, Hong Kong Property Bets

Aberdeen Asset Management Co. has trimmed its holdings of real-estate developers as surging prices in China, Hong Kong and Macau fuel concerns the property market may be overheating.

 
China Central Bank Says Loans to Reach ‘Stable Level’

Chinese central bank official Yi Gang said the strength of lending in the country isn’t a cause for concern and will stabilize, indicating he doesn’t see an immediate need to pull back on economic stimulus measures.

 
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