China Financial News Headlines

October 20, 2008

China’s Economy: Turn for the Better

Filed under: financial news — Tags: , , , — kinpoo @ 9:59 am -0500

Considering the People’s Livelihood and Economic Stability to lower Housing Transaction Taxes
Experts believed that it is a good news of lowering business taxes and fees in trading links. On the one hand, people’s livelihood chould be concerned, on the other hand, it could be conductive to maintaining the steady economic growth.

Chinese Prices continued to drop and it is significantly to control Inflation
According to the series of macro-economic data from China National Bureau of Statistics, the margin of price rise of , which is most closely related to the consumer, continued to drop.

Development and Reform Commission: A small Drop in the Pork and Egg Prices
According to price monitoring center of the National Development and Reform Commission, the average retail price in 36 large and medium-sized cities’ supermarkets was 13.30 yuan per 500 grams last week, 1.12 percent declined the previous week.

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