• 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

  • Moscow International Cement Forum

    Cement Industry of Russia and CIS is having one of the most significant periods of its development in the modern history. It is connected with the process of joining Worldwide Trade Organization by Russia, according to which Russian Federation has taken duties to raise.prices for

  • China tighten money and credit in first quarter '05

    There's too much money floating around in China, too easy to lend for the wrong investments in the wrong sectors, making it difficult to cool down overheated sectors of the still galloping economy. So, the People's Bank of China, China's central bank, recently warned 11 joint-sto

  • China efforts to curb risks in lending paying off

    Efforts by Chinese banks and regulators to contain lending risks during the ongoing round of the State's macro-management have made initial achievements, a top regulator said. But the difficulty of risk prevention in the banking system is increasing and banks need to work hard to

  • China's industrial firms' profit growth keeps slowing down

    China's industrial firms continued to register slow profit growth during the first eight months of the year, as the central government's macro-control measures to cool the economy take effect. Industrial firms earned total profits of 704.5 billion yuan (US$84.9 billion) during th