Working Group News
China's GDP growth slows to 6.8% in Q4 of 2008
China's economy is sending out mixed signals, a raft of figures showed on Thursday, with growth decelerating for the sixth straight quarter to the lowest level in years and the specter of deflation rising，while some indicators showing signs of recovery.
Read moreFlows of FDI fall 21%, UN estimates
Global foreign direct investment fell more than a fifth last year, with experts warning that the drop is likely to accelerate as the global recession deepens.
Read moreGovt offers 10b yuan in subsidies for power sector
China is to provide as much as 10 billion yuan in subsidies to big power companies, the latest effort on the part of the government to help the country's struggling industries.
Read moreWen urges steps to reverse slowdown trend
Chinese Premier Wen Jiabao on Monday called for more steps in the first quarter this year to reverse the trend of economic slowdown as soon as possible and realize a good start for the whole of 2009.
Read moreAvian influenza ? situation in China
The Ministry of Health in China has reported 3 new cases of human infection with the H5N1 avian influenza virus.
Read moreEurozone economy to shrink by 1.9% this year
The eurozone economy will shrink by 1.9 percent this year due to the ongoing international financial crisis, the European Commission said in its latest economic forecast Monday.
China becomes third largest economy
China overtook Germany to become the world’s third-largest economy in 2007 after the Chinese authorities revised upwards the figures for growth during that year.
Read moreNDRC rules out fuel price cuts
The National Development and Reform Commission has ruled out a further reduction in the prices of gasoline and diesel, despite the fall in global crude prices.
Read moreNDRC rules out fuel price cuts
The National Development and Reform Commission has ruled out a further reduction in the prices of gasoline and diesel, despite the fall in global crude prices.
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