• 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

  • China: Growth rate of fixed assets investment slows down

    A spokesman for China's National Bureau of Statistics (NBS) said that the growth rate of investment in fixed assets in the first three quarters this year slowed down. The total investment in fixed assets from January to September this year was valued at 4.5102 trillion yuan (543.

  • China to release 2005-2010 predictions of ten key industries

    Predictions of the development of China's ten key industries from 2005 to 2010 will be released at aseminar slated for Nov. 6-7. The development trends and investment opportunities in the ten industries, including energy resources, electric power, steel, and petrochemicals, for t

  • Economists: China's macro-control is successful

    A National Bureau of Statistics survey showed economists believe China's macro-economic control measures achieved further success as some overheatedsectors were effectively reined in the third quarter of this year. Fifty economists who answered questionnaires agreed that China's