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ChiNext Index opens higher Wednesday 03/29/2013
by Chinaview.cnTopic: Economics
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, opened 0.02 percent higher at 876.55 points on Wednesday.

The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, makes up the three core indices reflecting the performance of China's stocks listed on the Shenzhen Stock Exchange.
...Read More
China yuan weakens to 6.2727 against USD 03/29/2013
by Chinaview.cnTopic: Economics
The Chinese currency Renminbi, or yuan, weakened 12 basis points to 6.2727 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based ...Read More
China steps up coal gasification efforts 03/29/2013
by Chinaview.cnTopic: Economics
To provide more clean energy for its fast growing economy, China's regulatory authority has given the green light on preparatory work for a huge coal gasification project in Xinjiang Uygur Autonomous Region.

The project, located in Huocheng County, is designed to produce 6 billion cubic meters of gas annually. China Power Investment Corporation will invest 50 billion yuan (about 8.0 ...Read More
Chinese ethnic regions see rising GDP 03/29/2013
by Chinaview.cnTopic: Economics
China's ethnic regions had a combined GDP of 5.85 trillion yuan (941.3 billion U.S. dollars) in 2012, up 12.1 percent year-on-year, according to the State Ethnic Affairs Commission.

The growth was 1.8 percentage points higher than the national average, according to a statement released Thursday by the commission.

According to the statement, ethnic regions accounted for 10 ...Read More
Why have people lost trust in data and indices? 08/13/2012
by People.com.cnTopic: Statistics
China’s national rejuvenation index stood at 0.6274 in 2010, the average home size in the country was 116.4 square meters in 2011, and Chinese families’ total net assets are 21 percent higher than those of U.S. households. A variety of data have appeared, which are designed to describe China’s economic and social development in recent years, some of which have caused conside ...Read More
Mainland stocks buffeted by slowdown concerns 08/13/2012
by Chinadaily.com.cnTopic: Statistics
Chinese stock markets ended with losses Friday after the release of weak July macro data again sparked worries about the faltering domestic economy.

The Shanghai Composite Index finished trading at 2,168.81 points Friday, down 5.29 points, or 0.24 percent; while the Shenzhen Component Index closed at 9,238.20 points after slumping 99.34 points, or 1.06 percent, on t ...Read More
Food packaging regulations to take effect in 2013 08/13/2012
by Chinaview.cnTopic: Economics
Regulations on food packaging will take effect from Jan. 1, 2013, in a bid to guide the public in making food choices and reduce risks of chronic non-communicable diseases, a senior supervision official with China's Ministry of Health said Monday.

The regulations will provide standard nutritional information on food packaging labels, through which consumers can ...Read More
Auto inventories critically high 08/06/2012
by Chinadaily.com.cnTopic: Economics
Overstock at dealers may lead to price war, lower profit margins
Already bloated inventories at automobile dealerships across China - the world's top vehicle market - continue to swell, signaling slowing sales and mounting pressures on both dealers and automakers, according to industry statistics.
The comprehensive inventory index stood at 1.98 in June, up from 1.88 in May, according ...Read More
Guangzhou's car quota hurts more than helps industry 08/06/2012
by Chinadaily.com.cnTopic: Economics
The government of Guangzhou has decided to emulate Beijing and Shanghai by clamping down on the number of cars on the road.
There is little doubt that this policy will hurt the automotive industry even if it brings about a purchasing frenzy in the short term.
Only two days after the measure was introduced, the market value of two listed companies - Guangzhou Automobile Industry Group and ...Read More
China's CPI likely to drop below 2%, more economic spurs expected 08/06/2012
by Chinaview.cnTopic: Economics
China's economy is to see a continued slowdown and the government will implement more economic stimulus in the future.

China's GDP expanded at 7.6 percent in the second quarter of 2012, the first time that the world's second largest economy's growth has fallen below the 8-percent mark since the fourth quarter of 2009.

To boost the currently fatigued economy, C ...Read More
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