Interview: Chinese economy to have soft landing: Swedish bank senior economist

Posted on May 11, 2011 in AllEconomic News

Sweden’s SEB bank senior economist Klas Eklund thinks that the Chinese economy will have a soft landing even though there is a high inflation currently. Eklund made the comment in an exclusive interview with Xinhua during the break of a seminar moderated by him and organized by China Alliance in Stockholm on Tuesday. “I think [...]

China’s April CPI up 5.3%, PPI up 6.8%

Posted on May 11, 2011 in AllEconomic News

China’s consumer price index (CPI), a main gauge of inflation, rose 5.3 percent in April from a year ago, the National Bureau of Statistics (NBS) said on Wednesday. The April figure was down 0.1 percentage points from March’s 32- month high of 5.4 percent, according to the NBS. China’s producer price index (PPI), a main [...]

China’s economic reform creates golden opportunities for foreign businesses

Posted on May 11, 2011 in AllEconomic News

The next five years will be a critical period for China to deepen the economic reform and to accelerate the transformation of its economic development pattern, according to the country’s 12th Five-Year Plan. “Transformation” and “opportunity” were the two words reporters heard most when interviewing the senior executives of certain foreign enterprises. In their eyes, [...]

China’s shipping sector suffers from overcapacity, high oil price

Posted on May 9, 2011 in AllEconomic News

About 30 percent of China’s coastal shipping companies are suffering a loss due to overcapacity and high fuel price, Xu Zuyuan, vice minister of transport said Saturday. According to Xu, some 40 percent of the country’s inland shipping firms are also suffering a loss. Data from the ministry shows China’s cargo handling capacity from major [...]

Canton Fair ends with trade volume growth

Posted on May 6, 2011 in AllEconomic News

The 109th Canton Fair, held in south China’s Guangdong Province and a barometer of China’s trade, closed Thursday with a growth in trade volume despite some setbacks. Contrary to predictions that the number of businessmen to the fair could drop by 5 percent, a record high of 207,000 foreign traders came and struck deals worth [...]

China 2011 growth seen solid, inflation to quicken: Poll

Posted on May 5, 2011 in AllEconomic News

China’s roaring economy will slow a touch this year, with inflation staying stubbornly above the government’s 4 percent target, arguing for monetary policy to tighten further, a Reuters poll showed. The median forecast of 19 analysts surveyed showed the Chinese economy could grow 9.5 percent in 2011, slowing slightly from last year’s 10.3 percent expansion. [...]

China puts curbing inflation top agenda: Deputy Minister of Finance

Posted on May 5, 2011 in AllEconomic NewsGovernment News

Curbing inflation is a big challenge for China and currently China puts it as top agenda for the government, Chinese Deputy Minister of Finance Li Yong said during a press conference after the 14th ASEAN+3 Finance Ministers’ Meeting held Wednesday. Li said for the first quarter of 2011, China saw the inflation ratio a little [...]

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