• Macro economic control efforts pay off in China's capital

    Beijing's macro control measures started to pay off despite a GDP (gross domestic product) growth of 13 percent in the first three quarters. This was shown mainly in a slowdownof investment and a reduction in credit extension by commercial banks, said Yu Xiuqin,a municipal statis

  • New direction of cement sector’s environmental protection in China

    The trade of right of polluting is to use economical way resolving pollution. Do the trade of right of polluting; first ensure the total amount of pollution, then assign to every enterprises. The share enterprises gain can use or save for trading.The enterprises will try their be

  • China's western region to further develop

    China will continue to promote development in the west with more investment and stronger policy support, said a senior official. More efforts will go to infrastructure construction and ecological protection, said Li Zibin, deputy director of the Office of the Leading Group for We

  • China reining in economy not to cost development in west

    A senior Chinese official said that cooling down some over-heated industries will not cost the state strategy for boosting economy in the western region. Li Zibin, deputy director of the Office of the Leading Group for Western Region Development of the State Council, said at a pr

  • China's tax revenue growth slows

    Growth in China's tax revenue slowed in the third quarter, due to the central government's measures to cool down the economy.The country's tax revenue grew a year-on-year 25.8 per cent in the third quarter, slowing from the 26.9 per cent growth in the second quarter, the State Ad

  • Rumors of yuan appreciation

    Rumors of RMB appreciation swirling around the country these days are groundless and nothing but a misunderstanding of China's existing RMB exchange rate policy. The spokesman clarified the issue by stressing the following perspectives from which the RMB exchange rate policy is e

  • the difficulty for China's tight measure

    China's economic tightening policy is losing momentum because private companies are turning to the black market for funding, and Beijing will have to introduce more aggressive austerity measures within the next year. "We expect the government in coming months to step in and try a

  • China 'phase out' measures to cool down economy

    China will phase out measures to rein in the overheating economy amid fears that the tough controls may lead to a hard landing, a press report said. Citing unnamed sources, the South China Morning Post said Beijing was expected to announce a decision to "adjust" its macroeconomic