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China stresses economic stability amid complicated situation in 2011 02/22/2011
by Chinaview.cnTopic: Economics
China's top leading body Monday pledged to prevent wild swings in the economy, while warning that the economic situation in 2011 would be complicated.

The country should maintain stable and consistent macro-economic policies while improving accuracy, flexibility and efficiency of the policies, the Political Bureau of the Communist Party of China (CPC) Central Co ...Read More
The global influence of China 02/22/2011
by Chinaview.cnTopic: Economics
Last week, after Japan confirmed China had overtaken it as the world's second largest economy, a Gallup Poll found that more than half of Americans mistakenly see China rather than the United States as the world's leading economic power.

In Chinese people's eyes, China may be rising from a regional power to a global player, but it is still far from playi ...Read More
Mainland official pledges enhanced economic cooperation with Taiwan 02/15/2011
by Chinaview.cnTopic: Economics
A senior Chinese mainland official has said the government will work with Taiwan to enhance cross-Strait economic exchanges and cooperation.

The mainland would this year focus on fulfilling the cross-Strait Economic Cooperation Framework Agreement (ECFA) and conducting follow-up negotiations on the pact, which took effect in September last year, Xu Mang, director of ...Read More
Beijing, Shanghai record robust economic growth in 2010 02/08/2011
by Chinaview.cnTopic: Economics
China's capital city Beijing and economic hub Shanghai both realized nearly double-digit growth in 2010, showing powerful economic momentum.

Beijing generated nearly 1.37 trillion yuan (208 billion U.S. dollars) in gross domestic product (GDP) in 2010, up 10.2 percent year-on-year, according to the publicity office of the municipal government.

...Read More
Chinese president stresses living standards in economic development 02/01/2011
by Chinaview.cnTopic: Economics
Chinese President Hu Jintao said Sunday more attention should be paid to raising people's living standards while striving for economic growth.

Hu made the remarks at a symposium with non-Communist parties and individuals to mark the Spring Festival, or the Lunar New Year, which falls on Feb. 3 this year.

Hu urged the parties and social ...Read More
China's manufacturing sector PMI drops to 5-month low of 52.9% in January 02/01/2011
by Chinaview.cnTopic: Economics
China's manufacturing sector purchasing managers index (PMI) fell to a five-month low of 52.9 percent in January, compared with 53.9 percent in December, the China Federation of Logistics and Purchasing (CFLP) said Tuesday.

The January figure means the benchmark index for economic expansion has kept above the boom-and-bust line of 50 percent for 23 consecutive m ...Read More
China's banking regulator to release data on banking sector at regular intervals 02/01/2011
by Chinaview.cnTopic: Economics
China Banking Regulatory Commission (CBRC), the banking regulator, said Thursday it would regularly publish statistics on the banking sector this year to provide the public better service.

The CBSC said it would publish monthly statistics on Chinese financial institutions, including assets and liabilities, quarterly data such as the balance of bad loans and non-perf ...Read More
Renminbi deposits in HK exceeds 300 bln 02/01/2011
by Chinaview.cnTopic: Economics
Renminbi deposits in Hong Kong recorded 314.9 billion RMB at the end of December, up markedly by 12.6 percent from the previous month, according to statistics published Monday by the Hong Kong Monetary Authority.

The total remittance of the renminbi for cross-border trade settlement climbed from 93.7 billion RMB in November to 100.9 billion RMB in December.
...Read More
China's migrant workers should enjoy paid home leave, says political advisor 01/24/2011
by Chinaview.cnTopic: Economics
Migrant workers, or off-farm workers, in China should enjoy paid annual family-visit vacations as their urban counterparts, a political advisor in southwest China's Guizhou Province had said.

"Localities could legislate on the issue on a trail basis," said Yu Peixuan, a member of the Guizhou Provincial Committee of the Chinese People's Political Co ...Read More
BOK may raise its economic growth outlook for 2011 01/24/2011
by Chinaview.cnTopic: Economics
South Korea's central bank said on Monday it may upgrade the nation's economic growth outlook for 2011, reflecting a more bullish sentiment for the U.S. economic recovery.

The Bank of Korea (BOK) confirmed a local media report that the nation's economic growth rate in 2011 would likely hover above the long-term trend rate of 4.5 percent.
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