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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
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
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
News Analysis: China faces a bumpy road to achieve stable growth 07/19/2012
by Chinaview.cnTopic: Statistics
For safety reasons, drivers slow down when travelling on bumpy roads. Chinese policymakers appear to be using the same reasoning in directing the world's second-largest economy through global and domestic difficulties.

China's GDP expanded 7.6 percent in the second quarter from a year ago, down sharply from 9.5 percent a year earlier and half a point below t ...Read More
Macao's economy expands by 18.4% in Q1 05/31/2012
by Chinaview.cnTopic: Economics
Spurred by the increase in exports of services and investment, Macao's Gross Domestic Product (GDP) for the first quarter of 2012 grew by 18.4 percent year-on-year, according to the figures released on Wednesday by Macao's Statistics and Census Service (DSEC).

Analyzed by major components, exports of gaming services and visitor spending rose by 19.6 percent ...Read More
China well-equipped to withstand Grexit: expert 05/31/2012
by Chinaview.cnTopic: Economics
A senior expert in China's top economic planning body has said that China is well equipped to withstand a possible Greek exit from the eurozone and no large-scale stimulus program would be needed.

"Assuming a Greek exit would lead to a financial and economic crisis as damaging as the collapse of Lehman Brothers, China would be able to cope" with it, sa ...Read More
Experts warn on economic stimulus policies 05/31/2012
by Chinaview.cnTopic: Economics
A large package of stimulus policies to simply promote investment projects would be "dangerous" for the weakening Chinese economy as the excess production capacity may result in more serious economic fluctuations, economists warned.

Beijing's recent new set of demand-boosting policies has raised economists' worries about a repeat of the side-effect ...Read More
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