Home > Financial Crisis > Financial News
China's actions to spur economy
[2008-12-30 18:40:37]
China's government on Wednesday announced a slew of measures, including approval of infrastructure projects and a further rise in export rebates, in a wide-ranging attempt to stimulate the economy and stave off the effects of the global financial crisis. More>>
A senior Chinese planning official told reporters on Nov. 14 that the new 4 trillion yuan (586 billion U.S. dollars) economic stimulus package includes 1.18 trillion yuan from the central government through 2010. More>>
The Executive Meeting of State Council agreed on Nov. 5 that ten measures would be taken to expand domestic demand and enhance economic performance. The current policy adjustment was regarded as imperative and a must. More>>
China to raise export rebates to boost exports China's 4 trillion yuan stimulus to boost economy, domestic demand China to step up efforts to improve urban and rural infrastructure Investment in airport construction to reach 200 billion yuan next year China outlines first mid- and long-term plan to ensure grain security Banks to increase lending, but keep eye on risks Mega bond float to back fiscal package China central bank to give out 100 bln yuan of policy loans by yearend Chinese securities company are allowed to introduce new services more frequently China announces tax exemption to boost property sector China adopts "active" fiscal, "moderately easy" monetary policies to boost economy China allocates one bln yuan to support enterprise financing Rates cut again to spur growth |
|
China's gross domestic product (GDP) grew 9.9 percent year on year to 20.163 trillion yuan (2.96 trillion U.S. dollars) in the first three quarters of this year, the National Bureau of Statistics (NBS) said on Oct. 20. More>>
Industrial growth slows to a crawl China's industrial growth saw a pronounced slowdown last month as the global credit squeeze and declining orders began to bite. More>>
Money supply growth slows China's broad money supply grew 15 percent in October, the slowest pace in three years, a sign economists said shows the economy is in sharp slowdown. More>>
China's CPI increase slowdown The National Bureau of Statistics released on Nov. 11 that the consumer price index rose 4 percent in October and 6.7 percent over the 10 months of the year respectively, compared with the same period of last year. Further decrease is expected in the fourth quarter. More>>
China reports $216 bln trade surplus in Jan.-Oct. period China's General Administration of Customs on Nov.12 announced that the country's trade surplus in the first ten months of this year stood at 215.99 billion U.S. dollars, with the trade surplus of October reaching 35.24 billion U.S. dollars. More>>
China's balance of payments maintains "twin surplus" in first half of 2008 China's current account surplus rose 18 percent to 191.7 billion U.S. dollars in the first half of 2008, the foreign exchange regulator said on Wednesday. More>>
Exports down at China leading trade fair Sales were down at a major Chinese trade fair which closed Nov.6. Contracts signed during the 104th China Import and Export Fair in Guangzhou, the provincial capital of Guangdong, totaled 31.55 billion U.S. dollars. That's down 17.5 percent from the previous fair held in April and down 15.8 percent from the autumn session a year ago. More>>
China retail sales rise 22% in Oct. China's retail sales grew at an annual rate of 22 percent in October, down 1.2 percentage points from September, the National Bureau of Statistics said on Nov.12. More>>
China's fiscal revenue drops 0.3% in October China's Ministry of Finance (MOF) on Nov.13 reported the country's fiscal revenue last month had dropped by 0.3 percent from October last year to 532.9 billion yuan (78.04 billion U.S. dollars). More>>
China's housing prices expected to fall 10% on average in next two years China's housing prices are expected to fall 10% on average in the coming two years with the highest drop reaching 30%, according to a recently-released research report by the Institute of International Finance of the Bank of China (BOC). More>>
|
Related Articles:
Most Read
- China Can Build ′Green Economy′ by 2030
(2009-03-02) - Ministry of Foreign Affairs: the International Mechanism of Coping with the Fina
(2009-07-03) - Economic Crisis Shrinks French Household Assets
(2009-09-10) - Dollar Rises Against Major Currencies
(2009-01-15) - PM: Japan to Provide $17 Bln for Asian Countries to Boost Growth
(2009-02-01) - Economists Call for Diversified, Competitive Global Reserve System
(2009-03-27) - Assets of Foreign Banks in China Up 7.37% in 2008
(2009-03-16) - Chinese Shares Sink 4.7% on Investors' Economic Concerns, Regional Losses
(2009-02-19) - China's Economic Recovery to Pick Up Momentum In 2010
(2009-10-20) - HSBC: China's Economic Growth Likely Back to Well Over 8% in Q2
(2009-01-19)
Related Photos
![]() |
Jobs Increase in Second Quarter |
![]() |
Chinese Shares Hit one-year High, Driven by Heavy Weights |
![]() |
Uncertainty Overshadows FDI into China - Special |
![]() |
US Firms Upbeat about China |
![]() |
Power Output Dip Seen for April |
![]() |
Spending on Core Sector Up |
![]() |
China's Foreign Reserves Hit $1.95 Trillion at End of March |
![]() |
China's Feb. Trade Worst in Decade as Global Downturn Deepens |
![]() |
Chinese Banks Profit up 30.6% in 2008 |