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
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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Xi Jinping vows to press ahead with “Chinese dream”
Premier Li Keqiang’s confident press debut
Premier Li Keqiang’s confident press debut
Li Keqiang’s debut as China’s Premier in front of the world’s press has grabbed extensive attention, both at home and abroad. The 57-year-old person minced no words as he answered journalist’s questions, laying to rest doubts and concerns as to how he was gong to run the second largest economy in the world over the [...]
Xi orders courage to help deepen reforms
Xi orders courage to help deepen reforms
Communist Party of China (CPC) chief Xi Jinping on Tuesday called for courage like “wading through a dangerous shoal” to help deepen reforms in the country’s development. While joining national legislators from China’s economic hub of Shanghai to deliberate the government work report, Xi compared the difficulty facing the country’s deepened reform and opening up [...]
Northeast China’s first nuclear power plant starts operation
Northeast China’s first nuclear power plant starts operation
The Hongyanhe nuclear power station, the first nuclear power plant and largest energy project in northeast China, started operation on Sunday afternoon. The plant’s first unit went into operation at 3:09 p.m., said Yang Xiaofeng, general manager of Liaoning Hongyanhe Nuclear Power Co., Ltd. Construction on the first phase of the project, which features four [...]
DPRK says it conducts 3rd nuclear test
DPRK says it conducts 3rd nuclear test
The Democratic People’s Republic of Korea (DPRK) said on Tuesday it has successfully conducted the third underground nuclear test, according to the official KCNA news agency. The test was part of the country’s “practical measures of counteraction” to defend its security and sovereignty against hostile U.S.policies, which it claimed have violated DPRK’s “rights to launch [...]
Reservoir leak results in casualties in Xinjiang
Reservoir leak results in casualties in Xinjiang
A reservoir leak in northwest China’s Xinjiang Uygur Autonomous Region has left one dead and more than a dozen injured, rescuers said Saturday. The Lianfeng Reservoir in Kaziwan Village, located about 25 km from Urumqi, the regional capital, began to lose water around 6:10 a.m., sources with the reservoir administration said. Water gushed out and [...]
China’s 1st single-layer graphene of 15 inches thick made in Chongqing
China’s 1st single-layer graphene of 15 inches thick made in Chongqing
A researcher uses a microscope to analyse a touch-screen product made from the 15-inch single-layer graphene in the Chongqing Institute of Green and Intelligent Technology, Chinese Academy of Sciences, in southwest China’s Chongqing, Jan. 24, 2013. Chongqing Institute recently announced that it successfully made the first single-layer graphene of 15 inches thick which has marked [...]
Police urged to improve service for Spring Festival travellers
Police urged to improve service for Spring Festival travellers
Police officers at all levels were urged to improve their work style and offer better services for travellers during the upcoming Spring Festival travel rush. Huang Ming, vice minister of public security, made the remarks during a televised conference on traffic management for the Spring Festival travel rush, which starts on Jan. 26. The Spring [...]