New rules for brokers on wealth managing business
BEIJING, June 3 — The China Securities Regulatory Commission has issued two pilot rules on wealth-management business by brokerage firms, in a bid to regulate the sector and stimulate its growth. The rules, to take effect next month, said brokerage firms should own fund of no less than 100 million yuan (14.3 million U.S. dollars) [...]
China’s economy to grow moderately slower in 2008
BEIJING, May 31 (Xinhua) — China’s economic growth is likely to stay high but “may moderately slow down” this year, according to the country’s central bank. The economy would be affected by a decelerated world economy, weakened by outside demand and domestic disasters such as the snowstorm in January and February and the 8.0-magnitude earthquake [...]
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China’s economic climate index dips in April
BEIJING, May 30 (Xinhua) — China’s macro-economic climate index fell in April, signaling a continued shift from the brink of overheating to moderation. The index fell to 110.7 from 113.3 in the first three months, the National Bureau of Statistics said on its Website (www.stats.gov.cn). As of April, the reading had been in the [...]
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China’s economy able to expand over 8% for long time
File photo of Cheng Siwei (Photo: Shanghai Daily)Photo Gallery>>> BEIJING, May 28 — China’s economy can maintain a steady growth above 8 percent for a relatively long period because of a stable society, a vast market and ample capital, said Cheng Siwei, an economist and former vice chairman of the Standing Committee of the National People’s [...]
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China’s central bank governor warns against excessive price, investment rises after quake
Special report: Reconstruction After Earthquake BEIJING, May 27 (Xinhua) — China’s central bank governor has cautioned against an overly rapid rise in prices and investment in relief and recovery after the May 12 earthquake. ”We must mainly focus on the operation of China’s economy afte rthe quake. While meeting the demand of enterprises in quake relief, we [...]
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Quake prices to be given close checks
BEIJING, May 24 — China will intervene in the pricing of building materials when reconstructing those areas damaged by the May 12 earthquake. The government will limit profit margins and set guideline prices on materials such as tents, steel, cement, glass and bricks to secure stable costs, the National Development and Reform Commission said on [...]
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Sinopec: quake causes no major impact on production or business
Special report: Strong Earthquake Jolts SW China BEIJING, May 22 (Xinhua) — Sinopec, the nation’s largest oil refiner, said here Thursday that the May 12 earthquake had no major impact on production and business. The 8.0-magnitude quake, centered in the southwestern Chinese Sichuan Province, had not caused any casualties of its staff, said Sinopec in a [...]
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Study: China 17th competitive economy
BEIJING, May 22 — China dropped two places to 17th in the latest World Competitiveness Yearbook compiled by Swiss business school IMD, but its position has generally continued rising in recent years, the compilers said on May 21, 2008. This year’s drop isn’t statistically significant, and “China has been on the upward path” in recent years, [...]
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Experts: Tremor likely to be felt in prices
BEIJING, May 21 — Tremor of the May 12 earthquake is more likely to be felt in macroeconomic regulations as inflation continued to hover above 8 percent in April. ”People are assessing the impact of the quake, but life is priceless,” said Zhuang Jian, senior economist with the Asian Development Bank (ADB) in Beijing. But [...]
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Donations related to quake made less taxing
Students of Jiefang Primary School donate money to the quake-hit region in Sichuan Province in southwest China, in Harbin, capital of northeast China’s Heilongjiang Province, May 14, 2008.(Xinhua Photo)Photo Gallery>>> BEIJING, May 21 — China’s tax authority has cut or waived a tax levy, offered a tax refund, and reiterated the tax concession class=”pagelink”> [1] [2] [...]
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