China takes action to halt produce price slump

The Chinese government announced Tuesday that it has launched an emergency program to protect farmers from produce price slumps and stabilize the produce market. China’s Ministry of Commerce (MOC) said in a statement on its…

Consumer prices likely to rise 4.5% in 2011

BEIJING – China’s consumer prices may increase about 4.5 percent this year, exceeding the government’s full-year target of 4 percent, an official said Monday. Chen Dongqi, deputy chief of the Macroeconomic Research Institute under the…

3 fault lines running through China’s economy

Editor’s Note: Neil K. Shenai is an Instructor of International Economics and Ph.D. Candidate at the Johns Hopkins School of Advanced International Studies (SAIS). By Neil K. Shenai, Special to CNN The notion of “American…

Expert backs China model

Economies of the United States and China are so intertwined that one’s healthy economic growth will benefit the other. “Our (US) economic problems are our own making, and we have to solve them ourselves. It…

Chinese firms ‘face barriers’

Despite a sharp reduction in the number of trade remedies against Chinese goods and services launched by trading partners last year, Chinese companies still face trade and investment barriers, the Ministry of Commerce said on…

China: New hike in reserves for banks

The central bank raised the amount of money that banks must hold in reserve by 50 basis points on Sunday – the fourth hike this year – to mop up excessive liquidity and control inflation…

Chinese economy expands 9.7 percent

 China’s economy expanded 9.7 percent in the first quarter of 2011 from a year earlier, and 2.1 percent from the previous quarter to 9,631.1 billion yuan ($1,459.3 billion), the National Bureau of Statistics (NBS) said…

China manufacturing sector upbeat on growth

China’s manufacturing expanded at a faster pace in March, suggesting resilience of the economy amid concerns that monetary tightening measures would result in an economic slowdown. The Purchasing Managers Index (PMI) of China’s manufacturing sector…

Chinese banks’ net profit up 34.5 percent

China’s banks made a net profit of 899.1 billion yuan ($137 billion) last year, up 34.5 percent from a year earlier, the fastest pace in three years, the China Banking Regulatory Commission (CBRC) said in…