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China allocates $11b for subsistence allowances
17 january 2013 BEIJING — China has set aside 69.6 billion yuan ($11 billion) from the central budget to pay for subsistence allowances to be given to needy rural and…
France to boom economic, trade co-op with China
17 january 2013 DEAUVILLE, France — France looks to strengthen dynamic economic and trade cooperation with China, with the focus on green economy, French ambassador to China Sylvie Bermann said…
African trade to surpass EU, US
17 january 2013 Forecasts for solid growth give China confidence in continent Africa is likely to surpass the EU and the US to become China’s largest trade partner in three…
Wahaha boss tops China rich list
17 january 2013 Many of nation’s wealthiest suffer due to economic slowdown: Forbes Slower economic growth took its toll on many of China’s 100 biggest fortunes, according to the 2012…
Diaoyu dispute to have limited effect on GDP
17 january 2013 The flare-up between China and Japan over the Diaoyu Islands will have a limited effect on the GDP of the two economies while benefiting some neighboring ones,…
Wen urges spending on pension system
17 january 2013 BEIJING — Chinese Premier Wen Jiabao on Friday urged for more government spending on the social pension insurance system to address the country’s aging problem. The government…
China’s trade improves, strong rebound unlikely
17 january 2013 BEIJING — China’s exports and imports picked up in September due to recovering demand boosted by supportive policies at home and abroad, but a strong rebound in…
China’s September PPI slumps 3.6%
17 january 2013 BEIJING — China’s producer price index, which measures inflation at the wholesale level, dropped 3.6 percent year on year in September, compared with a 3.5 percent decline…
TOKYO — China is willing to offer the eurozone support on getting through the difficulties, said Yi Gang, vice-governor of the People’s Bank of China on the annual meetings of International Monetary Fund and the World Bank Group Saturday in Tokyo. Related reading: Hands still being held out for Chinese help Eurozone may look to Beijing for funds Yi took parEuropean Union markett in a seminar on discussing the strengthening of eurozone with Jorg Asmussen, the executive board member of European Central Bank. Yi expressed China’s point of view on the European sovereign debt crisis and the recovery plan of the eurozone. The European market is one of the largest markets in the world for China, so China suffered a significant impact of the crises through the real economy and financial market. China’s export and trade with Europe slightly declined this year due to the shock, said Yi Gang. But China never stopped investing in the European Union market even during the crises as China has confidence on EU, he said. Yi also criticized the policy-making mechanism in the eurozone, saying long process of discussion makes the institution cannot take necessary measures on time during the crises. He said uncertainty damaged investors’ confidence. China keeps very close cooperation with the European Financial Stability Facility and the European Stability Mechanism to support the recovery of eurozone, Yi said.
17 january 2013 TOKYO — Yi Gang, vice-governor of the People’s Bank of China, made a speech at the last day of the International Monetary Fund and the World…
China has confidence on EU market, says PBOC
17 january 2013 TOKYO — China is willing to offer the eurozone support on getting through the difficulties, said Yi Gang, vice-governor of the People’s Bank of China on…
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