China Economic ReviewChina's economy expanded 9.4% in the first nine months of this year, with full-year growth expected at 9.2%, according to official figures. The trade surplus narrowed sharply in September, with customs data showing a drop in the monthly surplus to US$7.6 billion — the smallest since April — the result of continued growing imports and […]
China's economy is entering the "key period" for a soft landing given the government's efforts to rein in investment in overheated sectors such as steel and real estate, state media reported, citing a report in the state-published China Securities Journal. Urban investment during the eight months totaled US$508 billion, up 27.4% year-on-year.
Although it is in the midst of an economic boom, China still needs financial help from the World Bank, which now totals US$1 billion annually, to reduce widespread poverty, particularly in the country's countryside, the bank's chief Paul Wolfowitz said, citing the nearly 200 million Mainlanders still living in "extreme poverty". Wolfowitz, who made the […]
China's Central Bank head Zhou Xiaochuan said in an interview with Chinese financial magazine Caijing last Friday that the country must revisit its currency valuation, given the growing trade surplus with the US. Zhou said increased domestic consumption was the best way to reverse the trend. China's Commerce Ministry said Thursday that China's overall trade […]
China's Commerce Ministry has predicted a trade surplus of US$90-$100 billion for 2005, with the country's bilateral foreign trade expected to reach US$1.4 trillion, the International Business Daily reported. The ministry's foreign trade department forecast exports in 2005 would rise about 30% over the previous year to total US$750 billion, while imports would rise about […]