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  • China's auto sales surpass 1.14 mln units in June

         BEIJING, July 9 (Xinhua) -- Sales of China's domestically made automobiles topped 1.14 million units in June, up 36.48 percent over the figure a year earlier, the fourth month in a row surpassing the 1.1 million units mark, the China Association...
  • Goldman Sachs says China's GDP growth at 7.8% in Q2

        BEIJING, July 8 (Xinhua)-- China's gross domestic product (GDP) growth in the second quarter this year is forecast to accelerate close to 7.8 percent, Goldman Sachs Asia and the Beijing-based Gaohua Securities Company said in a report Wednesday. ...
  • China's tourism revenue to rise 3% in 2009: report

         BEIJING, July 8 (Xinhua) -- China's tourism revenue is expected to rise 3 percent this year to 1.2 trillion yuan (175.6 billion U.S. dollars) as rising domestic travel will help offset falling inbound tourism, that has suffered from the global r...
  • Think tank: Chinese economy bottoming out, but to stage U-turn recovery

        BEIJING, July 7 (Xinhua) -- Chinese economy has bottomed out and is stabilizing against the global economic downturn, but it would go through a U-turn recovery as a quick recovery could hardly be sustained, a researcher with the country's top think...
  • Fiat signs preliminary deal on car joint venture in China

        ROME, July 6 (Xinhua) -- Fiat, Italy's biggest car maker, signed a preliminary deal on Monday with Guangzhou Automobile Group (GAG) to set up a joint venture to produce cars in China.     Under the preliminary deal, Fiat and GAG will create a j...
  • China's Central Bank Governor gives six scenarios to redress global imbalances

        BEIJING, July 3 (Xinhua) -- China's Central Bank Governor Zhou Xiaochuan Friday outlined six possible scenarios of adjustments for global economy to achieve balance. Zhou was speaking at the Global Think Tank Summit that opened Thursday in Beijing...
  • China trade figures continue to fall in June, but rate of decline eases

        BEIJING, July 2 (Xinhua) -- China's trade figures continued to fall year-on-year in June, but the rate of decline eased over the May figure, vice commerce minister Chen Jian said here Thursday.     Chen told a news conference that in the first ...
  • GM: H1 sales hit historical high in China

        BEIJING, July 1 (Xinhua) -- The U.S. automaker General Motors Corp. said here Wednesday that its auto sales in China in the first half of 2009 rose 38 percent from the same period last year to a record high of 841,442 units, spurred by the governme...
  • China churns out record new auto models in first half year

        BEIJING, July 1 (Xinhua) -- Chinese manufacturers rolled out a record 89 new auto models in the first half of this year amid the industry boom, said an official with the China Association of Automobile Manufacturers (CAAM) Tuesday.     "Eighty ...
  • World Bank raises China's 2009 growth forecast to 7.2%

        BEIJING, June 18 (Xinhua) -- World Bank Thursday raised its forecast of China's economic growth rate to 7.2 percent in 2009 from its earlier forecast of 6.5 percent, as the country's expansionary fiscal and monetary policies have kept the economy g...
  • Chinese premier stresses expansion of domestic consumption

        BEIJING, June 14 (Xinhua) -- Chinese Premier Wen Jiabao stressed the importance of promoting domestic consumption and independent research and development during a three-day inspection tour of the central Hunan Province, which ended Sunday.   ...
  • S China's Guangdong sees hope of economic recovery in 1st 4 months

        GUANGZHOU, May 30 (Xinhua) -- Guangdong Province, an economic powerhouse in southern China, witnessed a slower decline of external trade, a rally in industrial production and a steady growth in investment against the current global downturn in the ...
  • Data shows detours on China's road to economic recovery

        BEIJING, May 14 (Xinhua) -- With the world keeping close watch on the Chinese economy for signs of revival, the latest data are sending mixed signals and fueling concern that a recovery, if there really is one, is not on solid footing.     When...
  • China explains details of new oil pricing mechanism

        BEIJING, May 8 (Xinhua) -- China's top economic planner Friday announced details of the country's new oil pricing mechanism, for the first time after the new pricing system kicked in at the beginning of this year.     In a statement on its webs...
  • Indicators Point to China Recovery

        BEIJING, May 5 (China Daily) --  The economy is likely to expand 7 percent in the second quarter - up from the first quarter's 6.1 percent - even as it confronts the painful prospect of shedding industrial overcapacity, a top government think tank...
  • Chinese economy rebounds, but return to rapid growth elusive

         BEIJING, May 3 (Xinhua) -- Decoupling from the world, and the economic downturn much of it is experiencing, has proven impossible for China. But its resilience is receiving more recognition, with many leading financial institutions upgrading thei...
  • China to launch more stimulus investment in second quarter

        BEIJING, April 21 (Xinhua) -- The Chinese central government is expected to launch its third batch of stimulus investments in large domestic projects in the second quarter to further boost its economy, according to the China Securities Journal Tues...
  • China can be the first to recover from global downturn: gov't economist

         BEIJING, March 28 (Xinhua) -- China can be the first country to "regain relatively fast growth" amid the global financial crisis because of its economic foundation and stimulus policies, said a government economist here Saturday.     Chin...
  • Senior official outlines China's economic reform in four key areas this year

        CHANGSHA, March 26 (Xinhua) -- China's economic reform will focus on four key areas this year, which may lead to measures aimed to expand investment and reform pricing of resource products, a senior official said Thursday.     "The global inter...
  • World Bank cuts China 2009 growth forecast to 6.5%

        BEIJING, March 18 (Xinhua) -- The World Bank (WB) has cut its forecast for China's 2009 economic growth yet again -- this time to 6.5 percent from 7.5 percent, it said here Wednesday.     This is the second cut the bank has made for China's 200...