China Must Push Harder on Rebalancing - World Bank

China's bank loans see striking rise in Jan

Chinese banks issued 1.62 trillion yuan ($237 billion) in new loans in January, up 101 percent year-on-year, prompting some economists to say the government might not cut interest rates for the time being to boost the economy.

European Chamber Position Paper Referenced in New Resolutions Adopted by European Parliament

On 5th February 2009, the European Parliament adopted a series of new resolutions on trade and economic relations with China. During the plenary session at which the resolutions were discussed, the European Chambers'eighth annual report, European Business in China Position Paper 2008/2009 was tabled as a reference document.

Foreign trade plummets 29% in January

A sharp fall in imports and exports in January, which included a weeklong Spring Festival holiday, has both puzzled and alarmed economists.

Economists warn of China deflation

China faces a bout of deflation, economists warned on Tuesday as data revealed that inflation dropped to its lowest in 2½ years in January and that the price of goods leaving factory gates fell 3.3 per cent in January.

CPI shows sign of economic 'recovery'

The consumer price index (CPI) in January rose only 1 percent year-on-year, the lowest in 30 months, and the other measure of inflation, the producer price index (PPI), dropped 3.3 percent.

China: protectionism is no cure to crisis

As the "Buy America" provision raises alarms against trade protectionism among state leaders and economists, China on Monday said "no" to a similar plan that bans foreign products in domestic stimulus projects.

China's largest wind power facility R&D center to be established in Xi'an

China Northern Locomotive and Rolling Stock Industry (Group) Corporation would invest another six billion yuan (about 882.4 million U.S. dollars) in western China's Xi'an city to build the largest wind power facility research center, the company has said.

China to watch out for corruption in SOE stimulus projects

China's state assets watchdog will closely watch over projects implemented by state-owned enterprises(SOEs) in the country's massive stimulus package to prevent corruption, an official said here Sunday.