NMGBMZBWG

Economic restructuring to boost Chinas economy

Economic restructuring to boost China\'s economy As China celebrates the arrival of the new lunar year, the Year of the Tiger, the world hopes China\'s economy will roar again in 2010, after it helped pull the global economy out of recession in 2009, the Year of the Ox. The world\'s third largest economy will become a \"real tiger\" when the Chinese government successfully restructures the nation\'s economy, a task the authorities have made a priority, as evidenced by a string of recent...

Chinas inflation rises modestly, pressure remains

China\'s inflation rises modestly, pressure remains China\'s consumer price index (CPI), a indicator of inflation, rose 1.5 percent year on year in January this year, the National Bureau of Statistics (NBS) announced Thursday. \"This is a modest rise and it is mainly caused by a hike in food prices,\" Fan Jianping, a senior economist with the State Information Center, told Xinhua Thursday. Food prices went up 3.7 percent last month year on year, with non-food prices edging up 0.5 percent from a...

Costa Rica, China draw up free trade pact

Costa Rica, China draw up free trade pact Costa Rican and Chinese negotiators reached a free trade agreement on Wednesday, a key part of the Central American nation\'s drive to extend its web of trade pacts outside the Western Hemisphere. President Oscar Arias is expected to sign the deal in April and then Costa Rican lawmakers must approve it. President-elect Laura Chinchilla, who takes over from Arias in early May, will be short of a majority in the single-chamber legislature and will need...

Chinas PPI up 4.3 pct in Jan

China\'s PPI up 4.3 pct in Jan The producer price index (PPI), a major measure of inflation at the wholesale level, rose 4.3 percent in January from a year earlier, the National Bureau of Statistics (NBS) announced Thursday. It quickened from 1.7 percent in December 2009 when the figure posted the first monthly rise since December 2008. ...

Chinas January CPI rises 1.5%

China\'s January CPI rises 1.5% China\'s consumer price index (CPI), a main gauge of inflation, increased by 1.5 percent in January from a year earlier, the National Bureau of Statistics (NBS) announced today. The increase was 0.4 percentage points lower than the previous month. Ba Shusong, a renowned economist with the Development Research Center under the State Council, the government\'s think tank, said the central bank might raise the interest rate when the CPI increase exceeds 2.25 percent...

China exports show trade recovery on track

China exports show trade recovery on track China\'s export growth accelerated in January and imports rose, adding to signs a recovery in global and Chinese demand is on track. January exports rose 21 percent from a year earlier, up from 17.7 percent growth in December, customs data showed Thursday. Imports skyrocketed by 85.5 percent due to being compared with a period last year when companies were idled for the weeklong Lunar New Year holiday. The holiday this year falls in February. Still,...

Chinas GDP to grow 9.5% in 2010

China\'s GDP to grow 9.5% in 2010 China has little chance of incurring severe inflation in 2010 and CPI will grow about three percent year-on-year, China Securities Journal reported Wednesday, citing a report from China Construction Bank. GDP growth is forecast at 9.5 percent, the report also said. Investment, the major momentum for China\'s economic growth, is expected to expand at a slower pace of 26 percent year-on-year, four percentage points lower than the previous year. In order to keep...

Chinas CPI to grow 3% in 2010: CCB report

China\'s CPI to grow 3% in 2010: CCB report China\'s Consumer Price Index (CPI), a main inflation index, might climb 3 percent in 2010 year on year, according to a Wednesday report released by the China Construction Bank (CCB). It is not likely for China to see a rocketing inflation in 2010, while China might register a year-on-year gross domestic product (GDP) growth of around 9.5 percent, according to Wednesday\'s China Securities Journal, a newspaper run by Xinhua. China\'s CPI increased 1.9...

Chinas foreign trade up 44.4% in Jan.

China\'s foreign trade up 44.4% in Jan. China\'s foreign trade posted a 44.4 percent growth in January 2010 year on year, the General Administration of Customs (GAC) announced Wednesday. Exports in January stood at 109.47 billion U.S. dollars, up 21 percent from a year earlier, while imports rose 85.5 percent to 95.31 billion U.S.dollars. The hefty increase was due to lower comparison bases a year ago when China\'s exports were hard hit by global financial crisis and less working days as the...

China vows new food safety campaign

China vows new food safety campaign Following several reports of melamine-tainted milk products resurfacing, Chinese vice premier Li Keqiang on Tuesday vowed a new nationwide campaign in 2010 to ensure food safety. \"Food is essential, and safety should be a top priority for food. Food safety is closely related to people\'s life and health and economic development and social harmony,\" Li said at the first plenary meeting of the recently-established food safety commission under the State...