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Consumers hold the key to growth
Dec.14,2012
Over the next 10 years, consumption will overtake investment to become the most powerful engine of China's economy.[Photo/ China Daily] China's economic expansion will depend on domestic demand maintaining 7 to 8 percent growth year-on-year in the next decade, as exports may see single-digit growth in the long term amid the dim global outlook, Bank of China said on Wednesday.Read More + -
US becomes the largest buyer of Chinese exports
Dec.14,2012
The United States surpassed the European Union in the first 11 months of 2012 to become the largest buyer of Chinese exports, according to data released by the Commerce Ministry on Tuesday. The value of US trade with China increased by 8.2 percent year-on-year to reach $438.62 billion, according to the ministry.Read More + -
China vows to strengthen co-op with Europe
Dec.14,2012
(Xinhua) Comments(0) Print Mail Large Medium SmallHAMBURG, Germany - China is willing to join hands with Europe to fully tap the potential of mutually beneficial cooperation and push the relationship between the two sides to a new level, a senior Chinese official said Wednesday.Read More + -
China factory profit growth quickens as economy recovers
Dec.14,2012
Annual growth of China’s industrial profits quickened to 22.8 per cent in November from October’s 20.5 per cent, official data showed on Thursday, reinforcing signs of a steady economic recovery thanks to pro-growth policies.Read More + -
China exports account for 11.1% of world trade
Dec.14,2012
BEIJING - China's exports accounted for 11.1 percent of world trade during the first three quarters of 2012, up 0.6 percentage point from the same period last year, the Ministry of Commerce said Wednesday.Read More + -
US overtakes EU as China's top export market
Dec.14,2012
China said on Tuesday that the United States has overtaken the European Union as its biggest export market, as the continent’s debt crisis has sent demand slumping.Read More + -
Economy stabilizing, but facing challenges.
Dec.14,2012
BEIJING - China's economy is stabilizing, but its development will "face various challenges that should not be underestimated" next year, the Political Bureau of the Communist Party of China (CPC) Central Committee warned on Tuesday.Read More + -
Confidence in the economy on the rise
Dec.14,2012
Confidence among bankers and entrepreneurs in the health of China's economy has risen compared with three months ago, while inflation expectations went up among households, surveys said. The confidence of bankers in about 3,000 financial institutions in the economy next quarter rose 13.1 points to 55.1, according to a survey released by the People's Bank of China on Tuesday.Read More + -
China’s foreign policy mantra must be “economic first”
Dec.14,2012
The recent Asean Summit in Phnom Penh drew considerable international attention even amid the missiles in Gaza and another crisis in Europe. This attention had little to do, intrinsically, with the group of 10 countries.Read More + -
China's Economy Continues to Strengthen
Dec.14,2012
Dow Jones Newswires - China's economic recovery continued to gather pace in November, but some economists expressed caution about 2013. The data bode well for China's fourth-quarter gross domestic product growth--various Chinese indicators have been strengthening since September, signaling that the slowdown in the world's second-largest economy has ended following government stimulus efforts, including a push for more infrastructure investment.Read More +