China

Economy

Western China economy catching up with eastern

2010-12-14 09:29

Western China is quickly catching up with eastern China as the annual economic growth rates of western China have surpassed eastern China during the past three years, said officials with the National Development and Reform Commission on Monday.

Chinese annual welfare lottery sales hit 90b yuan

2010-12-14 08:26

China's welfare lottery sales this year hit a record 90.4 billion yuan ($13.5 billion) as of Sunday, 19.4 percent more than last year, the Welfare Lottery Distribution and Management Center said Monday.

Eximbank to push internationalization of renminbi

2010-12-14 06:53

The Export-Import Bank of China (China Eximbank) said Monday it would push for a more internationalized Renminbi over the next five years and enhance the role of the Chinese currency in cross-border trade settlement.

Wealthy Beijingers buy foreign homes

2010-12-13 13:36

Strict policies introduced by the government to cool the rocketing real estate market in the capital have led many of the city's richest residents to look overseas for their real estate investments.

230,000 people face water shortage in E China

2010-12-13 10:53

A reduction in rainfall since late October lowered the water levels of rivers and dried up a handful of reservoirs in Jiangxi, seriously affecting water supplies, leaving 230, 000 people facing a growing water shortage.

More policies to curb inflation

2010-12-13 07:52

China vowed on Sunday to increase efforts to combat inflation while maintaining "stable and relatively fast" economic growth, as consumer inflation hit a 28-month high of 5.1 percent in November.

China vows to ensure stable economic growth

2010-12-12 18:13

China pledged to enhance and improve macro-economic regulation to ensure stable and healthy economic development next year, according to a statement released after the annual Central Economic Work Conference. Inflation highest in two years