China to adopt tight monetary policies in 2008
BEIJING, Dec. 5 (Xinhua) — China concluded its three-day 2007 Central Economic Work Conference alt=”Chinese President Hu Jintao deliveres a speech at China’s 2007 Central Economic Work Conference which is held in Beijing, capital of China, from Dec. 3 to 5, 2007.” hspace=0 src=”http://news.xinhuanet.com/english/2007-12/05/xin_01212040520369532745664.jpg” border=0> Chinese President Hu Jintao deliveres a speech at China’s 2007 [...]
Economy to grow 11.6%, CPI seen at 4.5%
BEIJING, Dec. 04 — China’s gross domestic product (GDP) growth is expected to be close to 11 percent next year but inflation will remain a major concern, said a top Chinese think tank. The economy will grow by 11.6 percent this year, the fifth consecutive year for the country to achieve double-digit GDP growth since [...]
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Yangtze Delta economic circle pilots “Common Policy”
A scene of Yangtze River (File Photo) SHANGHAI, Dec. 4 (Xinhua) — Yangtze River Delta, China’s first economic circle to pilot unified development planning, has made an initial breakthrough to cross administrative division among regional members. The economic cluster with Shanghai as the core and the two wealthy provinces of Jiangsu and Zhejiang as major developing polars [...]
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Factbox: Economic catchphrases across China for 2007
BEIJING, Dec. 3 (Xinhua) — Chinese officials held a high-profile meeting here coords=118,19,169,41 href=”http://news.xinhuanet.com/english/2007-11/23/content_7132097.htm”> 2007 catchphrases of China economy The primary concerns of Chinese people with the future economy are reflected in the catchphrases. [Factbox] China to adopt tight monetary policies 2008 China will shift its monetary policy from “prudent,” an approach it has followed for the last [...]
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Economic planner: China to adopt tight monetary policy
BEIJING, Dec. 3 (Xinhua) — China Development and Reform Commission Minister Ma Kai said over the weekend that the country will adopt a tight monetary policy while continuing a prudent fiscal policy. Ma made the remarks at the first high-profile economic dialog between China and Japan held Saturday in Beijing. Observers here said over [...]
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UBS: China’s economy is not overheated
BEIJING, Dec. 1 — Investors’ concerns over a growth “hangover” from domestic over-investment are unwarranted, said a UBS report released earlier this week about China’s macroeconomic trends in 2008. Jonathan Anderson, UBS’ senior analyst on global emerging markets, made this comment in “The 2008 China Macro Almanac” amid worries that the country’s economy is set to [...]
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Measures to ensure affordable housing come into effect
By Hu Yinan BEIJING, Dec. 1 — National guidelines on economically affordable housing were released on Friday night along with new State measures on housing for low-income families, which come into effect on Saturday. Economically affordable houses ought to be around 60 square meters per unit, said the guidelines jointly released by the Ministry of Construction, the [...]
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Report highlights ways to help stop China’s economy from overheating
BEIJING, Dec. 1 — China should strengthen regulations on fixed-asset investment to prevent the economy from overheating, according to a report published Friday by the State Information Center, a research unit under the National Development and Reform Commission. The report also said China should apply various measures to control rises in consumer prices and prevent [...]
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Energy use per unit of GDP decreases 3%
BEIJING, Nov. 30 — In what central government officials called a “turning point” in environmental protection, energy use per unit of gross domestic product (GDP) dropped 3 percent in the first nine months, compared to 2.78 percent in the first half. Xie Zhenhua, vice-minister of the National Development and Reform Commission, said Thursday that the [...]
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China’s State Council passes draft enforcement regulations for corporate income tax law
BEIJING, Nov. 28 (Xinhua) — China’s State Council, or the cabinet, on Wednesday passed a draft of regulations aimed at helping to enforce the country’s new corporate income tax law. It is necessary to draw up the regulations to ensure the implementation of the new law, which will come into effect on Jan.1 next year, [...]
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