China

Economy

Environmental damage presents costly economic bill

2010-12-28 08:07

The annual cost of economic losses and environmental damage in China recently exceeded 1.2 trillion yuan ($180 billion), according to a new report.

Refund for overseas Hainan shoppers

2010-12-28 07:17

Overseas tourists to Hainan province will be able to reclaim taxes paid on purchases from New Year's Day as part of plans to turn the tropical island into an international travel and shopping paradise.

China to continue proactive fiscal policy in 2011

2010-12-27 22:20

China will continue to implement its proactive fiscal policy in 2011 and better handle the relations between maintaining steady and relatively fast economic development, restructuring the economy and managing inflation expectations, Finance Minister Xie Xuren said Monday.

Stabilizing prices to be put in prominent position

2010-12-27 21:58

The People's Bank of China (PBOC), the country's central bank, reaffirmed Monday that it would give more prominence to stabilizing prices, and implementing a prudent monetary policy during the next year.

Stocks fall after PBOC's rate hike

2010-12-27 19:24

Chinese stocks weakened Monday after the nation's central bank hiked rates on Saturday and amid speculation further monetary policy tightening to combat inflation is in the offing.

Wen vows to tame housing

2010-12-27 07:21

Policies launched this year to tighten the rise in housing prices have not been well implemented, Premier Wen Jiabao said on Sunday, though the central government will continue its efforts to maintain prices at a reasonable level.

Wen: We are beating inflation

2010-12-27 06:59

The government will be able to keep inflation in check, Premier Wen Jiabao said on Sunday, after the central bank raised interest rates for a second time in just over two months.Wen vows to tame housing Wen chats with survivors of natural disasters