- 1. China's 2011 foreign trade to grow 20 pct: MOC
China's Ministry of Commerce (MOC) on Friday forecast the country's foreign trade to expand about 20 percent year-on-year this year to 3.5 trillion U.S. dollars.
Foreign trade growth will slow in the following months of this year and in 2012 mainly due to "the complicated exterior environment," the MOC said in a report.
Slackening...
- 2. China to invest 3 trln yuan on environmental protection in 2011-2015
China plans to boost its environmental protection by investing over 3 trillion yuan (about 473.1 trillion U.S. dollars) in the 2011-2015 period, said an official with China's Ministry of Environmental Protection on Friday.
China's environmental protection industry is expected to see an annual compound growth rate of 15 to 20 percent, with an...
- 3. China's new yuan loans rise sharply last month
The People's Bank of China (PBOC), the country's central bank, announced Friday that the nation's new yuan-denominated lending reached 586.8 billion yuan (92.7 billion U.S. dollars) in October, up 17.5 billion yuan year-on-year.
New loans last month also represented a sharp increase from 470 billion yuan in September, the PBOC said in a...
- 4. China mulls monitoring system on private lending: central bank official
The Chinese government is considering establishing a monitoring system for private lending activities after a severe debt crisis of small firms in east China brought the informal lending market into spotlight.
"Relative departments are studying, trying out and improving a tracking and monitoring system on private lending to provide more...
- 5. Chinese online sales, especially of electronics, stall
Sales of computer, communication and consumer electronics (3C) products by China's online retailers in the third quarter of 2011 showed a decline for the first time in three years, according to new statistics released Thursday. China's total online retail sales by all sectors also remained level in quarter three.
The 3C sales value amounted to...
- 6. China's economy headed in right direction, says Christine Lagarde
IMF Managing Director Christine Lagarde said Thursday that China is taking the right approach to driving its economy forward as indicated in the 12th Five-Year plan.
Christine Lagarde made the remarks during a news briefing while attending the International Finance Forum 2011 Annual Conference in Beijing.
During the visit, she met with...
