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NDRC: 2009 GDP up at least 8%

We´re well on track for at least 8 percent growth in the economy. That´s according to China´s top economic planner which also says recovery is increasingly solid and stable.
With China´s GDP in the first 9 months up 7.7 percent, official expects the number to hit at least 8 percent for the whole year.

NDRC: 2009 GDP up at least 8%

We´re well on track for at least 8 percent growth in the economy. That´s according to China´s top economic planner which also says recovery is increasingly solid and stable.
With China´s GDP in the first 9 months up 7.7 percent, official expects the number to hit at least 8 percent for the whole year.
4-trln-yuan stimulus plan well implemented

China says its massive stimulus package to combat the global economic crisis has been well implemented. The country´s senior discipline supervisors and auditors made the remarks during a press conference in Beijing today.

Thanks to the package, the world´s fourth-largest economy looks set to achieve its goal of eight percent growth this year. While the rest of the world continues to taste the bitterness of recession.
China unveils industry stimulus plan

Within 6 weeks, China unveiled stimulus plans for 10 industries, on the top of its 4 trillion yuan stimulus package announced four months ago. The industries are auto, steel, shipbuilding, textile, machinery manufacturing, electronics and information, light industry, petrochemicals, non-ferrous metals and logistics. The measures focus on technology innovation, infrastructure upgrade, closing low-efficiency production, mergers and acquisitions, tax rebates and subsidies.
Gov´t moves to curb high property prices

China´s central government, facing rising complaints about soaring home prices, has moved to control bubbles in its real estate sector, by re-imposing a tough sales tax on homes sold within five years of purchase.

The decree is expected to pour cool water on the ever-growing prices of urban houses nationwide, analysts said.
75% households live well-off lives

The proportion of households considered well-off in China has risen from nearly 73 percent in 2007 to almost 75 percent in 2008. But disparities still exist across the country.
According to figures from the National Bureau of Statistics, close to 84 percent of households in the eastern regions had good incomes last year. That´s compared to around 78 percent in the north-east, 72 percent in central regions, and just 66 percent in the west. Not surprising both Beijing and Shanghai are posting above 90 percent in this area.
Job-creation well above target

Close to 9.5 million new jobs were created in the first ten months of the year. These latest figures from the Ministry of Human Resources and Social Security show job-creation staying well ahead of the target of 9 million for the entire year.

Latest figures from the Ministry of Human Resources and Social Security show that the number of people re-employed reached 44 million, nearly 90 percent of the target. Local governments used various measures to help 1.34 million people find employment.
Nasdaq-style GEM starts trading

The GEM board is hailed as an important component of China´s multi-tier capital market system, which will widen investment channels, stimulate enthusiasm for entrepreneurship and boost private investment.
It´s also expected to play a critical role in adjusting to the economic structure and shifting growth model.
The First US-China Strategic and Economic Dialogue

The first round of the China-U.S. Strategic and Economic Dialogue (S&ED) ended with the two countries pledging to intensify bilateral ties and expand cooperation on major international issues and shared global challenges.
Economic policy for 2010

Chinese decision makers have gathered in Beijing over the weekend to determine the country´s economic policies for 2010. The annual Central Economic Work Conference is held at the end of every year.
Maintaining robust and stable development, consolidating economic restructuring and boosting domestic demand will all be the focus of next year´s policies.

NDRC: 2009 GDP up at least 8%

NDRC: 2009 GDP up at least 8%

4-trln-yuan stimulus plan well implemented

China unveils industry stimulus plan

Gov´t moves to curb high property prices

75% households live well-off lives

Job-creation well above target

Nasdaq-style GEM starts trading

The First US-China Strategic and Economic Dialogue

Economic policy for 2010

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