China’s banking sector seems not been beat by sub-loan crisis
Today,The biggest bank ICBC(Industrial and Commercial Bank of China) reporeted his nine-month profit get 46% rise(13.54 billion U.S. dollars),It means ICBC earnings increase about 0.04$ per share.It seems china’s bank sector not been beat from global financial crisis,and I know agriculture Bank of China are still prepareing for list,So chinese bank not like korea and [...]
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 [...]
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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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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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China Merchants Bank completes purchasing acquisition of Wing Lung Bank
China Merchants Bank announced on Tuesday that it had completed the 17 billion yuan (2.48 billion U.S. dollars) purchase for 53.12 percent of Wing Lung Bank’s equity. Wing Lung Bank was incorporated in 1933, which has developed into the fourth largest bank in the special administrative region of China.
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China:retail sales growth rate 23% in June
China retail sales get a 10-year-high growth rate in June,the growth rate was 23 percent.Not like U.S.A,which retail sales is 80 percent of GDP,china’s retail sales is just nearly 30 percent of GDP.China goverment had said improve retail sales is a very importand thing.It shows chinese now will cost more money to improve their live.I [...]
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inflation will be difficult to control
Because depreciation of the U.S.dollar, oil prices break through 140 U.S. dollars Yesterday. Although oil producers increase production, but because there have too many speculative funds, the price of oil will rise again, Oil is the main material of many industrial products, the actual level of inflation will rising continued. Food is another big problem,because [...]
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4th round of China-U.S. Strategic Economic Dialogue
written by chinainvestor.net 06.18.2008,In 4th round of China-U.S. Strategic Economic Dialogue,minister-level officials from the two governments shared views on global economic and financial problems.Chinese Vice Premier Wang Qishan and U.S. Secretary of Treasury Henry Paulson agree to start talks on bilateral investment pact,And exchanged views on oil price,then signed a 10-year energy and environment cooperation [...]
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Quake inflation to be temporary
Special report: Reconstruction After Earthquake BEIJING, June 4 — The recent earthquake will add to China’s inflationary pressure as the country is battling to contain rising prices, but the effect will be temporary, said a central bank research report released Tuesday. Meanwhile, the Chinese economy will not suffer a “hard landing” as feared by some economists, [...]
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Investment bank: China’s CPI probably declines in May
BEIJING, June 3 (Xinhua) — Inflation might have shown a marked deceleration in May as food prices dropped, offsetting hikes in non-food prices, according to the China International Capital Corp. (CICC). The consumer price index (CPI), the main gauge of inflation, probably rose 7.7 percent to 8.1 percent year-on-year last month, investment bank CICC said. [...]
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