China

Economy

Growth still sought, but by new means

2011-03-10 08:32

Deemed to be the largest provincial-level economy in China in the past 22 years, Guangdong has set its annual economic growth goal at about 8 percent for the next five years, which is slightly higher than the national average though lower than the goals in many other provinces.

Carrefour strengthens price monitoring to restore image

2011-03-09 22:19

French retail giant Carrefour announced on Wednesday the establishment of a "price center" at one of its China stores to improve supervision of prices after being accused of overcharging customers.

Bank of China to see double digit loan growth this year

2011-03-09 21:15

Bank of China, one of the country's top four lenders, expected to grow its loan business at a double digit rate this year, its chairman said Wednesday.

No.1 rare earth producer maps out production boosting plan

2011-03-09 17:27

China's top rare earth producer, Baotou Steel Rare-Earth (Group) High-Tech Co, said Wednesday it would markedly increase its market share of five major rare earth products including magnetic materials in the next five years.

Export of books set for bright new page

2011-03-09 08:59

Liu Binjie, head of the General Administration of Press and Publication, said he is confident the country will strike a balance between imports and exports of books and publications during the 12th Five-Year Plan (2011-2015) period.

More yuan settlements needed to lift currency's status

2011-03-08 22:24

China should expand the use of its currency, the yuan, in cross-border trade and investment amid its efforts to internationalize the yuan, a senior banker said Tuesday.

China should diversify forex reserves to keep safe: expert

2011-03-08 22:22

China needs to diversify its massive holding of foreign exchange reserves to prevent consistent devaluation amid volatile global economic conditions, a leading Chinese economist said on Tuesday.