China Financial News Headlines

November 9, 2008

China’s CPI will fall further

Filed under: financial news — Tags: , , — Zoe @ 5:11 am -0600

The Chief Economist of National Bureau of Statistics: China’s CPI will fall further
The Chief Economist of National Bureau of Statistics, Yao Jingyuan, on 8th shows that the Chinese macro-control policies for control the rapid rise in the have achieved a fundamental success, so (consumer index) will drop further.

A number of agencies forecasted CPI growth over the next few months will continue to fall
Our reporter was informed from egg-net.cn, on November 4, the of eggs all over the country started to close to the level of 6 yuan/kg.

Food prices passed their prime and consumers are no longer concerned about the CPI
Commerce Department data shows that in October, edible agricultural products’ chain index of fell 0.6 percent.

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September 24, 2008

Department & State Finance

Filed under: financial news — Tags: , , , , — Nancy @ 7:04 pm -0500

Wen Jiabao: China is willing to work with the international community to deal with financial turmoil
Chinese Premier, Wen Jiabao arrived in New York on 23rd to attend the 6th UN high-level meeting on the Millennium Development Goals (MDGs)on Sept 25 and the general debate of the 63rd session of the UN General Assembly, Foreign Ministry spokeswoman Jiang Yu told a regular press conference.

Notice of matters on the regulate with regard to the payment of using the sea derating and so on
Since Ministry of Finance, the State Oceanic Administration issued “the regulate with regard to the payment of using the sea derating”(Finance Unite〔2007〕serial number 10), financial departments at all levels, marine administrative departments have been earnestly implementing it, so the use of waters of the management fee payments has been increasingly normative.

Monitor of State Territory firstly tested in Shanghai with new policy of controlling land increasment and forcing to save
A “joint protection of the scientific development of the Shanghai Land Administration’s pilot program of the new mechanism”(Hereinafter referred to as “pilot program”), will once again doomed to Shanghai to the national forefront of the regulation and control of land.

The central bank issued 100 billion yuan bank notes on 23rd
Xinhua News: on 23rd, the , by way of tender, issued the 108th notes of the in 2008, issued 100 billion yuan, for a period of 1 year, and the issue of 96.15 yuan, the reference yield of 4.0042 percent.

Commerce Department: agricultural products, food prices continue to fall
According to the report from Xinhua News Agency in Beijing on Sept 23rd that the ministry of Commerce, who runs the market regulator, issued business orecasting. Last week, in 36 large and medium-sized cities all over the country, the of agricultural products focused on monitoring fell 0.4 percent than that of one week ago. In 57 kinds of major commodities, there are 34 species with ring-week falling, more 5 than last week.

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September 21, 2008

Industry Cover

Filed under: financial news — Tags: , , , , — Nancy @ 8:30 pm -0500

Cai Minyong: Shanghai Co-production will use the property rights market to attract investment
Shanghai United Assets and Equity Exchange president, Cai Minyong, said, that in order to effectively promote SME financing and speed up the pace of the industrial structure adjustment of the layout of the Yangtze River Delta, they will explore the use of the to attract multi-investment and facilitate the development of small and medium enterprises.

Listed Companies hold mass message: 300 central enterprises are in full swing
The policy space of holdings of of major shareholders has never been so loose. Securities and Futures Commission to allow “first do, then say.” SASAC make it clear that it supports and proposes for the financial cooperate.

Signs of a decline in the property market, and experts call for the second suite of “free”
Chill the is getting stronger, the industry put out a call for the city’s policy of mind more and more urgent. Chinese residential real estate, Vice President of Research, the Ministry of Construction of housing and urban and rural housing policy, Gu Changyun attend the “national real estate market and corporate countermeasures” in Shanghai.

Gome of Beijing has a price difference compensation near a million for a year, Gome assumes the compensation
Reporter learned from Gome of Beijing, yesterday, that since the sincere service implement of“the difference 19 days of compensation”for one year, Gome has give consumers compensation near to 991,300 yuan.

Economical Hotels atfer the Olympic integrated into a new round of competition
Because the of low-star hotel downs, even the of economical hotel has narrowed to 100 yuan, facing with low-star with more complete functional facilities, the of economical hotel shows great advantages.

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