China Economic ReviewMinistry of Commerce official Li Rongjun has reaffirmed the ministry's goal of raising total outward investment to US$60 billion in the next five years. But the target, which will require annual outward investment growth of 22%, is expected to face political and commercial obstacles, the South China Morning Post reported. By the end of 2005, […]
China's fixed asset investment rose 27.7% during the first quarter, exceeding the government's target growth of 18% for 2006, the National Bureau of Statistics announced Thursday. The growth rate was 4.9 percentage points higher than the same period last year. NBS spokesman Zheng Jingping said the rapid growth was one of a few prominent problems […]
A National Bureau of Statistics official warned China's competitive labor costs would entrench China's trade surplus and drive up foreign exchange holdings over the next two decades, the South China Morning Post reported. Bureau spokesman Zheng Jingping said further appreciation of the yuan would not resolve the issue, pointing out that Japan continued to enjoy […]
Fixed asset investment rose 27.7% year-on-year during the first three months of 2006, state media reported, citing an official with the National Development and Reform Commission (NDRC). This news of increased spending in areas such as construction and factory equipment closely follows President Hu Jintao's announcement that the economy expanded 10.2% in the first quarter, […]
The country's GDP rose 10.2% during the first three months of the year thanks to rapid trade growth, President Hu Jintao announced in a televised address. This comes after China's economy grew 9.9% in 2005, including 9.9% in the final quarter, although Hu stressed that attention was now focused on efficiency and quality of development. […]