December 2011

November 2011

China to continue prudent monetary policy, inflation control
The People's Bank of China (PBOC), said it will continue to maintain the current prudent monetary policies while making them more targeted and flexible. The country will closely monitor the changes in economic and financial situations both domestically and globally, and preset or fine tune the policies when needed.

September 2011

Israel and the city of Shenzhen signed an industrial R&D agreement
Israel’s minister of industry, trade, and labor Mr. Shalom Simhon signed an Industrial R&D agreement with Shenzhen's vice mayor Mr. Yuan Baocheng during the latter’s visit to Israel. Mr. Yuan headed a delegation of more than 100 representatives from about 50 high-tech Chinese companies and officials to Israel.

August 2011

China to review foreign M&A of domestic firms for national security
A new regulation issued by China's Ministry of Commerce (MOC) states that the government will review mergers and acquisitions of domestic companies by foreign investors for national security purposes.

July 2011

June 2011

China May CPI increases 5.5%
This morning, China's state statistics agency released the key indicators for May. The Consumer Price Index, the most closely-watched gauge of inflation, accelerated 5.5 percent in May compared with the same period last year, up from 5.3 percent in April

May 2011

Canton Fair Transactions over $23 billion
The 109th China Import and Export Fair (also called “Canton Fair”), China’s largest trade fair, held in the southern city of Guangzhou, ended its first session this year with transactions reaching $23 billion in value

April 2011

China aims to boost industries along Yangtze River
China plans to get more freight moving along the Yangtze River to allow industries to prosper on the banks of the country's longest waterway connecting Shanghai all the way to the nation's vibrant western economic regions

January 2011

China to import grain to meet domestic needs: Standard Chartered
China will have to import grain to meet its domestic needs in the near future, which will mark the end of the country's self-sufficient policy on grain products. Statistics from the General Administration of Customs show that, from January to July last year, China imported 38.47 million tons of grains, up 20.5 percent year-on-year 

December 2010

China set to invest US$1.5t in 7 sectors
CHINA is considering investments of up to US$1.5 trillion over five years in seven strategic industries, a plan aimed at accelerating the country's transition from the world's supplier of cheap goods to a leading purveyor of high-value technologies

November 2010

17th CPC Central Committee sets targets for 12th Five-Year Program
The 12th Five-Year Plan should closely connect with the objective of building a moderately prosperous society in an all-round way by 2020, an official document said. More work should be done to achieve major development in economic restructuring. The household consumption ratio will rise and coordinated development in rural and urban regions will be enhanced. Energy consumption per unit of gross domestic product and carbon dioxide emissions will fall markedly, and the ecological environment will be improved noticeably, according to the proposal.

September 2010

China's Yuan hits record high against U.S. dollar Friday
The central parity rate of the Yuan (RMB), gained only by 9 basis points Friday but still struck a new record high at 6.7172 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. The Yuan has seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.

August 2010

China removes tariffs, value-added tax on imports for civilian high-tech projects
China has scrapped tariffs and value-added taxes on core equipment, components, and raw materials imported and used in civilian high-tech projects since July 15, according to a circular of the Ministry of Finance and other departments. The move seeks to encourage research and development in the nation’s major strategic products, core technologies and major projects, said the circular.

July 2010

China’s Central Bank has announced it will reform the yuan exchange rate regime
The People's Bank of China made the decision based on the recent economic situation, market developments at home and abroad, and the balance of domestic payments.  The bank says stability of the yuan exchange rate has played an important role in mitigating the impact of the global financial crisis.

June 2010

Chinese Manufacturing expanded at slower pace in May
"The economy may continue to maintain relatively fast growth, but the growth rate may slow," Zhang Liqun, a researcher at the State Council's Development and Research Center, said in the statement from the logistics federation. "The May PMI may be an indication that the economic rebound is stabilizing."

February 2010

China's Jan CPI up 1.5%, PPI up 4.3%
China's consumer price index (CPI), a main gauge of inflation, increased by 1.5 percent in January from the previous year, according to the National Bureau of Statistics (NBS). The producer price index (PPI) increased by 4.3 percent year-on-year in January.

January 2010

China's 2009 fiscal revenue expected to surpass USD1 trillion  
China's 2009 fiscal revenue was estimated at 6.85 trillion yuan (just over 1 trillion U.S. dollars), an increase of 11.7 percent over a year earlier, Finance Minister Xie Xuren said here Sunday.  Xie also said the budget of public investment in 2010 from the central government was likely to stand at 992.7 billion yuan, up 572.2 billion yuan from the 2008 budget.

Issue 114

IEBW 113

IEBW 112

Under Construction