• 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

  • Price of industrial products up 6.4 percent in July

    The ex-factory price of industrial products increased by 6.4 percent in July year-on-year, and the growth rate was the same as that in June, thanks to the government macro-control measures, the National Bureau of Statistics said Wednesday. The uptrend in the prices of industrial

  • Experts see inflation begin to ease in Aug.

    China's consumer prices rose by 5.3 per cent year-on-year in July, the National Bureau of Statistics said yesterday. The consumer price index (CPI), policy-makers' key inflation gauge, was greater than the June figure of 5.0 per cent. But CPI in July fell 0.2 per cent from June.

  • Growth dropping in 3rd quarter

    The People's Bank of China's second-quarter monetary policy report, released on Monday, provides some insights on its judgments about the economy.During the past half year, China's macro management measures were gradually implemented and yielded some results. The destabilizing an