China's revenue in the first quarter of this year totaled RMB 1.3 trillion, down 10.3% or RMB 149.61 billion from a year earlier, according to a report released by the country's Ministry of Finance (MOF) yesterday. However, monthly declines in revenues have been narrowing. Revenues dropped 16.7% year-on-year in...
KFC remains a hit in China, which sees growth coming back. Stocks could be mixed after U.S. session.
Will China reach its aim of 8% growth this year? Lately, the answer has been more often "yes" than "no."
The Shanghai Auto Show is the place to see the latest luxury cars for sale in what used to be a land of bicycles. Half a world away from Detroit, where the Big Three are fighting for survival, car lovers are running their hands over the shiny sheet metal on display at the Shanghai auto show this week.
Chinese Academy of Social Sciences (CASS) has issued a report predicting that China's economy will grow about 8.3% in 2009 due to the government's RMB 4 trillion stimulus package to boost domestic demand and investment, the National Business Daily reported on Wednesday....
Aiming to displace the U.S. dollar's dominance, leaders expand currency swaps.
In a massive cultural shift, China is getting more aggressive about launching WTO disputes. Amid the global economic slump, the U.S. may find itself getting dragged to the WTO's court more often.
Chongqing's gross domestic product (GDP) rose 9% from the previous year to RMB 103.22 billion in the first quarter, according to statistics released by the Chongqing Municipal Bureau of Statistics. Chongqing's total retail sales of consumer goods increased more than 20% from a year earlier in the first quarter, while...
China Merchants Property Development Co Ltd<000024><200024>, a real estate subsidiary of Hong Kong-based China Merchants Group, recorded sales revenue of RMB 2.9 billion in the first quarter of this year, sources reported.From January to March, sales area of the Shenzhen-listed company totaled...
China's centrally-supervised state-owned enterprises (SOEs) posted an 86% increase in combined profit in March from February, indicating a recovery in performance, said Li Rongrong, chairman of the State-owned Assets Supervision and Administration Commission (SASAC), on Sunday....