China raises grain purchasing prices in order to boost production
China’s top economic planning agency on Monday said it would raise the minimum purchasing price for wheat by as much as 15.3 percent starting next year. The move by the National Development and Reform Commission (NDRC) aims to boost rural income and grain output. This is a good news for the China’s peasants,which will give [...]
More people lost job in S China amid global financial crisis
Hong Kong-listed BEP International Holdings Limited announced it would shut its factory in Shenzhen, Guangdong Province on Monday because its exports had dropped drastically this year registering huge deficits, a company spokesman said on Saturday. About 1,500 workers in south China lost their jobs.these workers will have to find new jobs after their factory closes [...]
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the global financial crisis inflence the the confidence of Chinese consumers
While the global financial crisis is not affecting China’s finance, it also inflence the confidence of Chinese consumers. Such lingering doubts have prompted many Chinese consumers to exercise much greater caution in spending on non-essential goods as they prefer to put money aside for possible financial crisis ahead. People change their past comsumption custom,for example,they [...]
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China strengthen land conservation
China’s top land regulator urged local authorities to safeguard 1.8 billion mu (120 million hectares) of the country’s farm land fearing a grain shortage. Thursday, local authorities responded to the request. Xu Shaoshi, head of the Ministry of Land and Resources, called on provincial leaders to abide by the land use general outline in a [...]
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MOC remark on the restrictive measures about Chinese dairy products
The spokesman of China’s Ministry of Commerce remarks on the restrictive measures about Chinese dairy products on Friday.The spokesman said that Chinese food safety watchdogs had strengthened supervision of exported dairy products,the measures is very effective and all the exported dairy products passed melamine test.He said,China ask the fair treatment of Chinese diary products and [...]
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China’s business climate index slide in the third quarter
The National Bureau of Statistics said that China’s business climate index slid in the third quarter. The index fell to 128.6 points in the third quarter,down 16.1 points from the same period last year. The 100-point mark is seen as a definition between depression and prosperity. The NBS said all sectors reported notable declines in [...]
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China edible oil imports slow in first 8 months
The General Administration of Customs said on Tuesday that China imported sum edible oil between January and August this year is 18.9 percentage points which is lower than the 23.6 percent increase in the same period last year. The customs said the main cause of the slowing imports is shrinking soybean supply from Argentina which [...]
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Chinese steel mills face cut production
Several leading Chinese steel mills are planning to cut production to deal with the pressure of weak demand. Monday’s China Securities Journal reported that Shougang Group and three other big domestic iron and steel manufacturers will slash 20 percent of their production this month under the pressure of slack domestic demand and dropping steel prices. [...]
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Wen make a remarks about china finance
PREMIER Wen Jiabao made a remarks about china finance in hard times during an inspection tour to Guangxi zhuang Autonomous Region in southwest China. He said China’s financial institutions have increased their strength, profitability and risk-resisting ability,and the financial system as a whole was sound and safe in face of the international financial crisis. The [...]
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Chinese new liquid milk supplies melamine free
The General Administration of Quality Supervision said that they detected the samples of 609 batches of liquid milk from 27 cities in china and have not found melamine. But in the previous inspection on Septempber 30, officials tested 265 batches of adult milk powder produced before Sept. 14 , and found 31 batches from 20 [...]
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