China Economic ReviewThanks largely to a hike in required bank reserves, the People's Bank of China (PBOC) reported that money supply growth had started to show signs of slowing down. M2, the broad measure of money supply that covers cash in circulation and all deposits, stood at RMB 21.4 trillion at the end of September, up 20.7 […]
China's economy will continue to experience high growth rates over the next 15 to 20 years, according to renowned economists. Speaking at the 2003 China Economic Growth Forum in Suzhou, Nobel laureate Lawrence Klein said China would continue to grow strongly in the next 20 years but the rate was likely to be closer to […]
The daughter of Chinese President Hu Jintao secretly married the millionaire former CEO of leading Chinese internet portal Sina.com, according to Chinese and foreign media reports. The president's 33-year-old daughter Hu Haiqing married Daniel Mao in September in Hawaii. According to Chinese media reports, after graduating from Tsinghua University, Ms Hu studied for eight years […]
The Beijing municipal government signed the last of the four contracts it offered through a public bidding system to build and run Olympic venues. This means the government has successfully found financing for all six of the first batch of building projects for the Olympics. The government holds only a 15 percent stake in the […]
Pfizer, the world largest pharmaceutical company, announced it would set up its regional headquarters and a clinical trial center in Shanghai, probably in the Zhangjiang hi-tech zone. Pfizer is the second multinational pharmaceutical company to set up a clinical trial center in China, after AstraZeneca. Swiss company Roche also has plans to open a research […]