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China’s 2012 growth at 7.7%: official

China’s 2012 growth at 7.7%: official

China’s economic growth may have outstripped the government target to hit 7.7 percent in 2012, an official from the National Development and Reform Commission (NDRC) said on Friday. In view…

China’s bankcard consumer confidence rises again

Chinese bankcard users continued to spend confidently in December on the back of a stabilizing economy, the Bankcard Consumer Confidence Index (BCCI) showed on Friday. The BCCI, compiled by Xinhua…

China to keep moderate credit growth

China will maintain moderate growth in its credit supply and social financing scale this year in a bid to stabilize growth while keeping consumer prices in check, the central bank…

China’s 2012 new loans hit 8.2 trillion yuan

China’s new yuan-denominated lending reached 8.2 trillion yuan (1.3 trillion U.S. dollars) in 2012, up 732 billion yuan year on year, the country’s central bank announced Thursday. New loans denominated…

Shanghai Pudong Development Bank profits rise 25 pct

Shanghai Pudong Development Bank, a mid-sized Chinese lender, saw its profits reach 34.16 billion yuan (5.43 billion U.S. dollars) last year, a preliminary financial report showed. The figure marked a…

China to slightly ease monetary policy in 2013

China may fine-tune its monetary policy in 2013 by reducing interest rates and the reserve requirement ratio (RRR) to support economic growth, according to research results published Friday. A small…

China to provide more credit for underdeveloped rural areas

China’s banking regulator issued a special policy on Monday to encourage financial institutions to better serve economic development in rural areas. From Jan. 1, 2013, credit investment in underdeveloped rural…

China’s 2013 GDP growth to exceed 8 pct: expert

China’s 2013 GDP growth to exceed 8 pct: expert

A state think tank expert has forecast China’s GDP growth next year will exceed 8 percent and he projected consumer inflation increase to be higher than this year. Lu Zhongyuan,…

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