• China's government vows to keep economy on healthy track

    Premier Wen Jiabao said Monday the government is moving closer towards its goal of an investment cool-down and a healthy economic system and said the authorities should continue to strictly control the use of land for new projects and credit growth to prevent further economic ove

  • China's August Inflation hits 5.3 percent

    China's inflation rate held at a seven-year high of 5.3 percent last month as food costs surged, suggesting the government needs to strengthen lending controls to cool growth in the world's seventh-largest economy. The gain in the consumer price index matched July's increase, whi

  • China investment, money growth slow sharply

    China reported a marked slowdown in investment and money supply growth, but stubbornly high inflation suggested it was too early to rule out further steps to cool the world's seventh-largest economy. Fixed-asset investment in August was 26.3 percent higher than a year earlier, an

  • China's growth well but policy in fog

    A divergence between China's still-robust economic indicators and sharply slowing money and loan growth highlights the perils facing policy makers trying to steer the world's seventh-largest economy to a soft landing. After digesting a raft of data for August, most economists giv

  • China regulator curbs property loan risks

    China's banking regulator has formally issued new regulations on housing loans that tighten avenues of credit as part of an ongoing package of measures to cool the sector and the economy as a whole.The China Banking Regulatory Commission (CBRC), which first published a draft of t

  • China not slowing down as expected

    OVER the last one-and-a-half years most of the economists had been setting aside the threat of rising global inflationary expectations with the belief that China would slow down sharply. The difference in opinion had been on whether there would be a soft landing or a hard one. Th

  • China's Economy to Grow 7% to 8% in 2004

    China's economic growth may slow to between 7 percent and 8 percent this year as the government limits investment in industries including steel and cement. ``We need to control certain sectors that are overheating such as steel and cement, while we need to increase investment in

  • Support China's private sector

    Chinese Premier Wen Jiabao has called for support for private firms,amid concerns economic cooling steps have taken too big a toll on the dynamic and job-creating private sector.China's tightening measures have lifted hopes that the economy is heading towards a soft landing, but