China Economic ReviewChina's GDP growth is likely to slow next year to between 8% and 9%, state media reported, citing National Bureau of Statistics Chief Economist Yao Jingyuan. He said urban and rural consumption would be an increasingly important driver of growth in 2006 as the government focused on raising incomes of low-wage earners, but that investment […]
Chinese footwear manufacturers, headed by an industrial association, will appear today at hearings in Brussels on European Union dumping charges against Chinese leather shoes, state media reported. The delegation is expected to say that Chinese manufacturers have not harmed the European industry. The Italian government also claims it has found Chinese shoes could contain toxic […]
China sees using commodities futures as a long-term strategy for keeping raw material prices low, the Wall Street Journal reported. Zhou Zhenqing, a member of the financial and economic committee of the National People's Congress, said developing futures markets to control prices for bulk commodities was essential for competitiveness. The Shanghai, Dalian and Zhengzhou futures […]
China has likely moved past France, Italy and Britain to become the world's fourth-largest economy following the release of revised economic figures on Tuesday, according to experts quoted in the New York Times. Monday's figures place it as the sixth largest economy but growth in 2005 is likely to have already pushed it into fourth […]
Boeing is expected to set up the first foreign-controlled aircraft maintenance, repair and overhaul (MRO) base in China in the first half of 2006, state media reported. Boeing China President David Wang said the US-based company would invest over US$100 million for a 50% stake in the base, which will be sited in Shanghai. Shanghai […]