• FDI grows by a large margin in July

    China's foreign direct investment grew by nearly 46 per cent in July, indicating strong confidence by foreign investors in the Chinese economy despite the government's credit tightening moves. The nation registered an actual foreign direct investment (FDI) of US$38.4 billion in t


    BOULDER, COLORADO / FEB 3, 2004: More than 1000 people from 75 countries are expected to attend a multi-disciplinary, grassroots conference on sustainable development, technology and use of resources September 27 through October 5, 2004 at the University of Colorado at Boulder.

  • central government urges improvement in financial institutions

    The Chinese central government Wednesday urged all banking, securities and insurance firms to comprehensively, correctly and actively understand and implement the current macro-economic control policy. Financial companies should unite their minds with the central government's jud

  • Sharp profit rise expected for central SOEs

    China's 189 central State-owned enterprises (SOEs) are expected to experience sharp profit growth in 2004, fuelled by the high market demand of energy and power. However, these SOEs are being asked not to be complacent and are being urged to improve efficiency and competitiveness

  • Chinese government takes measures to curb price rise

    China's consumer price index (CPI)rose 3.8 percent year-on-year during the Jan.-July period this year, the highest since 1997, putting the Chinese government on inflati on alert. Last year saw the end of a 14-month downslide of China's CPI. The index has risen with growth rates o

  • Growing energy demand nagging nation

    Torrid energy consumption is essential if China's miracle economy is going to stay on track, but generating that power will be much too expensive. China must reduce its dependence on coal and fine-tune its energy mix, as the country must boost the development of its energy indust

  • Premier vows to insist on macro-economic control

    CHENGDU, Premier Wen Jiabao has reiterated the importance of the macro-economic control policy and pledged to further consolidate the achievements of the macro-economic control and realize the preset targets for 2004. On Aug. 7, Wen presided over a meeting, in Chengdu, the provin

  • Loan growth decreasing

    The growth of loans significantly slowed during the first seven months of this year, which indicates the government's economic macro control measures are taking effect, the People's Bank of China (PBOC) said yesterday. By the end of July, outstanding loans of all financial instit