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National Bureau of Statistics (NBS) Releases First Quarter GDP And CPI

The National Bureau of Statistics (NBS) Released the first quarter GDP and CPI figures. In contrast with last year's first quarter, GDP (8.0577 trillion yuan) has increased by 11.9 percent and CPI has grown by 2.2 percent.

4月15日 13:04

Wen Qiang Sentenced to Death

Wen Qiang, former head of the Chongqing judiciary and former deputy police chief of the sprawling municipality in China's southwest, was sentenced to death at 4:45pm this afternoon. According to the verdict, Wen committed the crimes of protecting local cr

4月14日 17:16

Death Toll from Qinghai Earthquake Over 300

According to the latest reports, more than 300 people are dead and a further 8,000 are injured after an earthquake struck the Yushu Tibetan Autonomous region in the western province of Qinghai at 7.49am this morning.

4月14日 13:47

Fuel Prices Up by 0.24 Yuan per Liter

Today prices of fuel and diesel fuel will be raised by around 0.24 yuan per liter and 0.27 yuan per liter respectively, according to a notice released by the National Development and Reform Commission (NDRC). After the price readjustment, the supply price

4月14日 12:47

Individuals Prohibited from Buying Multi-sets of Houses in Cities with Skyrocket

Individuals in cities with skyrocketing housing prices and a shortage of housing are prohibited from buying multi-sets of houses in order to curb the unreasonable rising of housing prices, according to an official with the Ministry of Housing and Urban-Ru

4月14日 12:47

Wen Qiang to be Sentenced Today

Wen Qiang , the former director of the Chongqing Public Security Bureau, as well as his wife, Zhou Xiaoya, are to be sentenced today. Wen Qiang is accused of providing protection to local criminal gangs, owning large amounts of unidentified properties, an

4月14日 12:47

Statement Claiming China's High-Speed Railway Unsafe Wrong

He Huawu, the chief engineer of China's Ministry of Railways and a scholar from the Chinese Academy of Engineering, have both guaranteed the safety of China's high-speed railway, refuting the statement made by Yoshiyuki Kasai, Chairman of the Central Japa

4月14日 12:47

Significant Increase in the Consumption of Electricity in March

National Energy Bureau (NEB) announced on April 13 that the electricity consumption of March was 343.5 billion kwh, 21.04 percent up in contrast with the consumption level of last March.

4月14日 12:47

"Super Internet Banking" Will Be Launched in August

The People's Bank of China (PBOC) plans to launch "Super Internet Banking" across banks in August. This plan will facilitate 24 hour instant money transfers as well as account inquiries, and will create new capabilities such as cross-bank withdrawals and

4月14日 12:47

North Korea Open to Chinese Tourists

China National Tourism Administration (CNTA) announced that Chinese citizens will be given permission to travel to North Korea on group tours as of April 12. The tours are likely to be popular with the over 45 age group and according to other reports will

4月13日 17:11

New Lending in March Eased to 500 Billion Yuan

New loans issued in March continued to slow as the government took steps to rein in credit amid rising inflation and risks of asset bubbles. China's central bank yesterday released the first quarter's financial data, showing Chinese banks issued 510.7 bil

4月13日 14:55

Hu Jintao: China Won't Appreciate Currency Under External Pressure

While meeting with his US counterpart in Washington on April 12, Chinese President Hu Jintao said China would firmly stick to the path of reforming the mechanism which determines the exchange rate of its currency will be based on its own economic and soci

4月13日 13:46

China Prepared to Launch Anti-trust Investigation into Mining Giants After Annou

The British-Australian miner Rio Tinto announced that it was negotiating with clients to adopt a quarterly pricing regime for iron ore supply last Friday, a move which followed earlier similar announcements from the two other mining giants dominating glob

4月13日 13:38

Central Bank Begins Issuing Three-Year Bills

The People's Bank of China started issuing three-year central bank bills again yesterday, echoing market expectations and indicating the central bank's intention to manage expected inflation and prevent the economy from over-heating. The complete scale of

4月9日 12:54

Housing Prices in Beijing Reach 25,500 Yuan Per Square Meter

The average prices of the apartments exhibited in the Springtime Real Estate Trade Fair held at the International Trade Center yesterday reached 25,500 yuan per square meter, doubling the prices of last year. Sina's property market channel previously pred

4月9日 12:54

General Manager of Huijin Removed from Office

Xie Ping, former general manager of the Centrral Huijin Investment Ltd, was removed from office yesterday and his position was given to Peng Chun, former vice president of the Communications Bank of China, a source with the China Investment Corporation (C

4月9日 12:54

Chinese Currency Hits 10 Month High Against US Dollar

The value of the Chinese Renminbi or Yuan in relation to the US dollar rose to a 10-month high yesterday with RMB 6.8260 buying 1 US dollar.

4月8日 19:03

CISA Urges Steel Companies to Boycott Mining Giants for 2 Months

China Iron and Steel Association (CISA) and the China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters recently urged China's steel companies not to import iron ore from the world's three largest iron ore suppliers for two months i

4月8日 19:02

Wen Jiabao Elaborates on Plan to Develop Western China

Chinese Premier Wen Jiabao announced at a meeting of the Standing Committee of China's State Council on April 7th that developing key economic zones would be the emphasis of the country's plan to develop it Western regions over the coming decade.

4月8日 19:02

Ceremony to Mark Launch of Stock Index Futures Exchange to be Held Today

Although trading on the China Financial Futures Exchange does not start until April 16, a ceremony to mark the opening of the exchange will be held in Shanghai today at 3:30 pm.

4月8日 12:35