• PBOC raises interest rate

    The People's Bank of China, China's central bank, announced that it would raise both lending and deposit interest rates 0.27 percentage point as of Oct. 29. The one-year deposit interest rate will increase from 1.98 percent to 2.25 percent, while the one-year lending interest rat

  • Premier urges tightening land management

    Premier Wen Jiabao urged local governments and departments to tighten land management and implement the decision of the State Council on in-depth reform concerning the strict land management. Wen made the remarks at a teleconference on strict land management of the State Council,

  • Mr. Wang Yanmou to be our honorary chief consultant

    In the day of Oct 22, an honored guest came to the headquarter of Chinacements, Mr. Wang Yanmou, the director of former National Building Material Bureau, Mr. Wang reviewed our company specially, and is retained as the honorary chief consultant of Chinacements. CEO of Chinacement

  • Nine provinces will face winter blackouts

    At least nine provinces will face frequent power cuts this winter, the State Development and Reform Commission warned. "power consumption will increase in the coming winter.Along with the reduced power generation in summer, the contradiction between supply and demand of power wil

  • Steel, cement curbs work not well

    Cao Yusuh,the spokesman ofNational Development and Reform Commission (NDRC), saidinvestment in steel and cement sectors was still too high while oversupply problems in aluminium sector need resolved. Although credit and investment was reined by the government since late last year

  • Economic growth slows and prices steady

    China'sgross domestic product (GDP) climbed 9.1 percent in the third quarter and 9.5 percent in the first three quarters of this year compared with a year ago, the State Statistics Bureau said. Meanwhile, the consumer price index (CPI) rose 5.2 percent in September from a year ea

  • China faces tough economic issues

    The National Bureau of Statistics says China's economy maintained stable growth during the first nine months of this year. But some analysts say the country's economy still faces some problems. China's GDP grew 9.5 percent in the first three quarters of the year from a year earli

  • China's efforts to rein economy pay off

    After one year's macro control, China's economic boom has showed modest slowdown with the growth rate being 9.5 percent in first three quarters. "The government's efforts to cool the economy has begun to pay off," said Xie Fuzhan, deputy director of the Development and Research C