BEIJING, Monday 14 February 2011 (AFP) – China said on Monday its politically sensitive trade surplus fell 53.5% to $6.45 billion in January as both exports and imports surged ahead of the country’s Lunar New Year holidays.
Exports increased 37.7% from a year earlier in January, while imports jumped 51%, the General Administration of Customs said.
The [...]
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BEIJING, Thursday 10 February 2011 (AFP) – China defended its foreign exchange rate policy on Thursday, one day after US Federal Reserve Chairman Ben Bernanke urged Beijing to let the value of its yuan currency rise.
Foreign ministry spokesman Ma Zhaoxu told a regular news briefing that Beijing’s controls on the yuan were in the country’s [...]
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SHANGHAI, Friday 28 January 2011 (AFP) – China’s long-awaited first property taxes took effect on Friday in Shanghai and the mega-city of Chongqing in the southwest, as the country tries to reform its booming real estate market.
People buying higher-end second homes in Shanghai, China’s wealthiest city, and Chongqing, home to 30 million people and the [...]
BEIJING, Thursday 20 January 2011 (AFP) – China said Thursday that its economy grew a blistering 10.3% in 2010, marking the fastest annual pace since the onset of the financial crisis and underlining the country’s growing might.
Gross domestic product in China rose by 9.8% in the fourth quarter, exceeding analyst expectations, while consumer inflation lost [...]
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