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The jury is still out on whether China is experiencing a return to price deflation, but there are signs that the price recovery seen in 2000 largely reflected higher world oil prices, rather than stronger underlying demand. During 2001, oil prices declined substantially from the previous year, with an especially sharp fall after the September […]

Recent statistics on the growth of fixed-asset investment point to worsening market conditions for many Chinese firms, suggesting that one of the main props supporting GDP growth may now be weakening. Figures from the National Bureau of Statistics indicate that completed fixed-asset investment (excluding investment in collective and individually-owned enterprises) reached Yn2,120bn in the period […]

Bank of China has agreed to pay US$20m to US and Chinese regulators because of ‘misconduct’ by former management at its New York branch, said the US Office of the Comptroller of the Currency. The state-owned bank is to pay a US$10m civil penalty and the same amount in yuan to the People’s Bank of […]

China has begun construction work on a hydroelectric power station in Yunnan province that neighbouring countries fear may affect the important Mekong River. The Xiaowan station will be situated on the middle reaches of the Chinese portion of the river and will have a total generating capacity of 4,200MW. It will cost an estimated Yn22.2bn […]