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  • China's export far from recovery despite orders surge, analysts say

        XIAMEN, Sept. 13 (Xinhua) -- A recent orders increase in many Chinese export-oriented companies combining a slower downward rate in the country's foreign trade figures added to signs that the dwindling export has scraped bottom amid the shrinking ...
  • Senior Chinese policymaker highlights restructuring, service industry in crisis lesson

        BEIJING, Sept. 12 (Xinhua) -- A senior Chinese policymaker said Friday China needs to focus more on structural adjustment and reduce reliance on exports in what he called as a lesson learned from the financial crisis.     The country's economy...
  • Economic recovery remains strong as investment, industrial output climb

        BEIJING, Sept. 11 (Xinhua) -- China's economy is on a track of quick recovery as major economic figures soared in August.     Figures from the National Bureau of Statistics (NBS) showed on Friday, the country's industrial output grew 12.3 perc...
  • Tourism industry income during National Day holiday forecast to grow 25%

        BEIJING, Sept. 8 (Xinhua) -- China's tourism sector is expected to reap a golden harvest during the upcoming National Day holiday in early October.     Industry income for the holiday is forecast to increase 25 percent year on year.     Fig...
  • China leads emerging economies in WEF competitiveness ranking

        GENEVA, Sept. 8 (Xinhua) -- China continues to lead the way among so-called BRIC (Brazil, Russia, India and China) emerging economies in the annual Global Competitivess Report released by the World Economic Forum (WEF) on Tuesday.     The Genev...
  • China auto sales to jump 28%

        BEIJING, Sept. 7 (Shanghai Daily) -- Automobile sales in China may accelerate 28 percent from a year ago to reach 12 million vehicles this year and overtake the number of autos sold in the United States, according to a regulatory official.    ...
  • Gov't to leave off role in driving Chinese economy next year: senior economist

        XIAMEN, Sept. 7 (Xinhua) -- The major driving forces of China's economy would be property development, corporate investment and exports next year, instead of government-led spending for this year, a top economist said Monday at a forum in Xiamen i...
  • Chinese economy has bottomed out from worst time: expert

        TIANJIN, Sept. 5 (Xinhua) -- China's economy has bottomed out from the worst time and was in the crucial period of stabilization and recovery,Yao Jingyuan, Chief Economist with China's National Bureau of Statistics, said here Saturday.    Yao ...
  • China to produce 12 mln vehicles in 2009, but over-capacity risk looms

        TIANJIN, Sept. 5 (Xinhua) -- China is forecast to produce 12 million units of vehicles for the whole year of 2009, to set a record high, an official with the National Development and Reform Commission (NDRC), China's top economic planning agency, ...
  • China adjusts import tariffs policy to encourage innovation

        BEIJING, Sept. 4 (Xinhua) -- China's government is adjusting its policies on imported technological equipment with the purpose of boosting domestic innovation and greater industrial restructuring and upgrading.    Key components and raw materia...
  • Change to auto parts imports regulation has limited market impact: analysts

        BEIJING, Sept. 1 (Xinhua) -- China's move to do away with a four-year-old regulation on auto parts imports, effective Tuesday, would have limited impact on the country's auto market, analysts say.    Under a government policy released last week...
  • China to raise fuel prices by 4%

        BEIJING, Sept. 1 (Xinhua) -- China is to raise the prices of gasoline and diesel by 300 yuan (44.12 U.S. dollars) a tonne, or about 4 percent each Sept. 2, the country's top economic planning agency said late Tuesday.    The retail price of gas...
  • GM launches light truck joint venture with China's FAW

        CHANGCHUN, Aug. 30 (Xinhua) -- American General Motors (GM) and China's state-owned automaker FAW Group Corp. (FAW) announced Sunday a two billion yuan (about 293 million U.S. dollars) joint venture to make light-duty trucks and vans.    "Our n...
  • China stresses economic restructuring in promoting growth

        BEIJING, Aug. 25 (Xinhua) -- China needs to stress economic restructuring while aiming at higher economic growth, according to a report submitted Tuesday to China's law makers.    The report was delivered by Zhang Ping, Minister of the Nationa...
  • China's BYD to mass produce batteries for its electric cars

        BEIJING, Aug. 22 (Xinhua) -- Chinese battery and electric automaker BYD Co. has set up a plant to mass produce lithium batteries for its electric cars in Huizhou, south China's Guangdong Province, according to the China Securities Journal.    ...
  • China's economy to expand 8.5% in Q3: gov't report

        BEIJING, Aug. 21 (Xinhua) -- China's economy is expected to rebound robustly in the third quarter, the government's State Information Center (SIC) said in a report on Friday.    Gross domestic product (GDP) would grow 8.5 percent year on year ...
  • China's FDI falls 35.7% in July

        BEIJING, Aug. 17 (Xinhua) -- China received 5.36 billion U.S. dollars of foreign direct investment (FDI) in July, down 35.7 percent year on year, said Ministry of Commerce spokesman Yao Jianon Monday.     China's total export-import volume bet...
  • Geely's Volvo procurement almost finalized

        BEIJING, Aug.12 (China.org.cn) -- Geely's procurement of Swedish auto giant Volvo is approaching the final stage, the National Business Daily learned from Sweden. Volvo and its owner Ford Motor Company are expected to make the final approval as ear...
  • China's export to resume growth in Q4: institutional forecasts

         BEIJING, Aug. 12 (Xinhua) -- The latest forecasts by a number of Chinese and foreign institutions said China's export was likely to resume growth in the fourth quarter though the July figures published on Tuesday were still gloom.    The Nomur...
  • Domestic demand rules

        SHANGHAI, Aug. 12 (Shanghai Daily) -- China's retail sales jumped 15.2 percent last month from a year earlier to 993.7 billion yuan (US$145.5 billion), the National Bureau of Statistics said yesterday.    The increase reflected a still vibrant d...