China Economic ReviewThe head of the People's Bank of China, Dai Xianglong, said in an interview with China Securities Journal that China would steadily promote market-oriented reform of interest rates. Steps towards the reform include a pilot programme to float interest rates on deposits in rural areas, where credit co-operatives played a larger role than banks. Banks […]
Speaking at the 16th Communist Party Congress, two of China's economics ministers promised domestic private firms treatment closer to that accorded to state enterprises and foreign-invested firms. Zeng Peiyan, minister of the State Development Planning Commission, said that his department would give approval to bond issues by financially sound private firms of good standing – […]
China's gross domestic product grew by 8.1 per cent in the third quarter of 2002, Xinhua reported. The overall rate for the first nine months of the year was 7.9 per cent. Zeng Peiyan, minister of the State Development Planning Commission, forecast that the economy would grow by 8 per cent over the whole year, […]
China's benchmark consumer price index (CPI) fell by 0.8 per cent in October 2002, and by the same amount over the January- October period, according to the National Bureau of Statistics. This was the 12th consecutive month of falling prices. Although prices for services increased in October, prices of goods generally declined. The biggest falls […]
China's aviation sector is going through a period of consolidation and rapid expansion. Substantial growth is expected both of airlines and of the increasing number of airports across the country that serve them. Over the next 10 years, China is likely to become the world's biggest aviation market. With passenger volumes growing at about 20 […]