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  • Stimulus plan buys time for China as it awaits global rebound

        BEIJING, March 15 (Xinhua) -- China's 4 trillion yuan (about 588 billion U.S. dollars) stimulus plan is paying off, providing the country with time to wait for a revival of the world economy, said experts.     Four months after China launched t...
  • Premier: China ready to roll out new stimulus package if needed

        BEIJING, March 13 (Xinhua) -- China has prepared plans to cope with even bigger difficulties amid the financial crisis and is ready to put forward new stimulus package at any time, said Premier Wen Jiabao here Friday.     Wen, while meeting pre...
  • Chinese premier says hard to achieve 8% growth

        BEIJING, March 13 (Xinhua) -- Chinese Premier Wen Jiabao on Friday said the country has difficulty in achieving the goal of 8 percent economic growth in 2009, but it is possible with "considerable efforts."     Setting the goal is "the governme...
  • China has multiple plans in case of worse financial crisis impact: central bank governor

        BEIJING, March 6 (Xinhua) -- China has multiple plans to prepare itself for further negative impact of the global financial crisis, said Zhou Xiaochuan, governor of China's central bank, Friday.     China's long-held policy of keeping the Renmi...
  • Chinese premier says economic slowdown becoming major problem in China

        BEIJING, March 5 (xinhua) -- Chinese Premier Wen Jiabao admitted Thursday that the country is facing unprecedented difficulties and challenges, with continuous drop in economic growth rate due to the impact of the global financial crisis becoming a...
  • China stresses domestic demand in stimulating growth as crisis harms export

        BEIJING, March 5 (Xinhua) -- China would make boosting domestic demand a "long-term" strategy and take further measures to stimulate consumer spending, as the country seeks to lead its economy out of a slowdown that started with falling export.  ...
  • Economist: China may attain 8%, or even higher growth

        BEIJING, March 3 (Xinhua) -- China may attain its targeted 8 percent economic growth, or even higher, this year, prominent Chinese economist Li Yining told Xinhua Tuesday.     The Chinese economy is also very likely to recover before other majo...
  • East China coastal regions may see early recovery

        HANGZHOU, Feb. 22 (Xinhua) -- Although the world financial crisis has cast a big shadow on China's prosperous eastern coastal regions, companies in these areas are very likely to see the first gleam of economic recovery in 2009, according to expert...
  • China's largest manufacturing base lowers economic targets

        GUANGZHOU, Feb. 13 (Xinhua) -- Guangdong Province, China's key production base and export hub, hopes to strike a relative increase in exports and 8.5 percent of GDP growth this year amid the global economic meltdown.     Huang Huahua, governor ...
  • Manufacturing reading gives sign of recovery in China

        BEIJING, Feb. 5 -- Manufacturing in China remained in contraction but the bottom is in sight, analysts said with the release of a rising purchasing managers' index, or PMI, in January.     The PMI, a measure of conditions in the manufacturing i...
  • Expert: China economy to witness robust rebound in 2010

        DAVOS, Switzerland, Jan. 29 (Xinhua) -- China's economy is to witness a robust rebound in 2010, with its GDP growth topping 8 percent, said Stephen S. Roach, chairman of Morgan Stanley Asia Limited, in an exclusive interview with Xinhua on Thursday...
  • Merrill Lynch: China's economy likely to rebound in Q2

        BEIJING, Jan. 28 (Xinhua) -- China's economy may start to rebound in the second quarter of the year as an increase in domestic demand outpaces the fall in exports, Merrill Lynch said in a recent research report.     The economy slowed sharply i...
  • Survey finds most Chinese rate economic fundamentals as "good"

        BEIJING, Jan. 27 (Xinhua) -- Most of Chinese people believed the fundamental factors of the Chinese economy remained good, according to a survey conducted by the National Bureau of Statistics (NBS).     The survey found 80.9 percent of the resp...
  • China's GDP grows by seven-year low of 9% in 2008

        BEIJING, Jan. 22 (Xinhua) -- China's economy cooled to its slowest pace in seven years in 2008, expanding 9 percent year-on-year as the widening global financial crisis continued to affect the world's fastest-growing economy, official data showed T...
  • Expert: China's economy to regain full steam in 2011

        BEIJING, Jan. 9 (Xinhua) -- China's economy will start to recover in the second half of the year as the massive fiscal stimulus takes effect, renowned economist Cheng Siwei told a conference on innovation here Thursday.     The economy will reg...
  • Pearl River Delta to embrace highly convenient transportation network

        BEIJING, Jan. 8 (Xinhua) -- The country pledges to build a highly convenient and efficient transportation network in the Pearl River Delta by expanding capacities of roads, railways, ports and airports over the next 12 years, the country's top econ...
  • China's ambitions for Pearl River Delta region by 2020

        BEIJING, Jan. 8 (Xinhua) -- China on Thursday unveiled a 2008-2020 development plan for the southern Pearl River Delta, which has been at the forefront of the country's reform and opening-up drive, initiated in 1978.     The following are the a...
  • China to turn Pearl River Delta into "technological innovation lab"

        BEIJING, Jan. 8 (Xinhua) -- The Pearl River Delta, an export-oriented region severely hit by the financial crisis, aims to become a "significant innovation center" in the Asia-Pacific region by 2020, said the National Development and Reform Commiss...
  • Pearl River Delta repositioned as China's "reform test field" for global competitiveness

        BEIJING, Jan. 8 (Xinhua) -- Pearl River Delta, the former vanguard of China's economic reform, will be a new test field for the country as it works to deepen economic reform and open itself wider to the outside world, the country's top economic pla...
  • China's economic growth likely to accelerate again in 2H of 2009

        BEIJING, Jan. 2 (Xinhua) -- The ongoing financial crisis would pose further challenges for China in 2009, but economic growth would probably accelerate at mid-year for a full-year figure of more than 8 percent, according to economists quoted in a s...