Policy Updates & Analysis
MOFCOM, MIIT, MPS, MOF, SAT, SAIC, CBRC, CIRC: Opinions on Promoting Auto Sales
MOFCOM, MIIT, MPS, MOF, SAT, SAIC, CBRC, CIRC: Opinions on Promoting Auto Sales
Read moreChina's PMI of manufacturing sector rebounds above 50% in March
The Purchasing Managers' Index (PMI) of China's manufacturing sector rose for the fourth straight month in March to 52.4 percent, up 3.4 percentage points from a month earlier, the China Federation of Logistics and Purchasing (CFLP) announced Thursday.
Automotive Data Processing completes ChinaLink deal
US-based Automotive Data Processing (ADP) announced yesterday it had completed the acquisition of a majority stake in ChinaLink Professional Services, a Shanghai-based human resources outsourcing (HRO) provider, despite the gloomy employment outlook facing China as a result of the global economic slowdown.
Beijing caution sinks BOC's French deal
Bank of China's plan to buy a stake in a French private bank has collapsed after it tried to renegotiate the purchase price on the orders of the Chinese government.
ADB expands trade finance programme to counter slump in exports
The Asian Development Bank has agreed a significant expansion of its trade finance programme, to generate up to $15bn in support through until 2013 to help to counter an export slump that has been exacerbated by the lending difficulties of commercial banks.
Central bank tightens control on credit cards
A top official of the People's Bank of China has asked financial institutions across the country to "carefully check the applicant's identity and their previous credit records before issuing them credit cards".
China NDRC likely to raise coal prices 4 pct
The National Development and Reform Commission is likely to raise contractual coal prices for 2009 by 4 percent in an effort to solve the coal-power industry contradiction, according to Guangzhou South China Coal Trading Center.
Urbanization boosts construction material market
China has enormous potential in the building materials sector as the country is the largest developing country, in an increasingly rapid process of industrialization and urbanization, which is resulted in the world's construction market.
China's new yuan loans hit 1.3 trln yuan in March
BEIJING, April 3 -- China's new yuan loans amounted to 1.3 trillion yuan in March as the country continued to pump in massive liquidity into the economy to battle impacts of the global financial crisis, a source close to the matter told China Daily.