Working Group News
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.
Read moreEconomists 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.
Read moreCPI 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.
Read moreChina: 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.
Read moreChina'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.
Read moreChina 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.
Read moreEconomists: Rising unemployment a key challenge for China
Rising unemployment rather than economic slowdown appears to be the biggest challenge for the Chinese economy this year, according to economists.
Read moreChina's foreign trade tops $2.56 trillion but slows in 2008
China's foreign trade topped $2.56 trillion in value in 2008, but the year-on-year growth rate dropped below 20 percent for the first time in seven years, according to the General Administration of Customs.
Read moreChina will not adjust fuel prices frequently ? NDRC
China promised on Thursday that motorists and refineries would see fuel prices follow international crude oil prices more quickly than in the past, but it still would not adjust the nation's fuel prices very often.
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