News Digest: Administrative Rules for Automotive Loans

Chapter I General ProvisionsArticle 1 These rules areformulated according to the Law of the People’s Republic of China on thePeople’ s Bank of China, the Commercial Banking Law of the People’sRepublic of China and the Law

News Digest: Equities decline most in five weeks

China’s stocks fell the most in five weeks, dragging the benchmark index from a 10-week high, as lower commodity prices spurred losses among materials producers and concern grew that the government will curb stimulus measures. The

News Digest: Chinese public flood Premier Wen with ideas

BEIJING: Chinese citizens are flooding Premier Wen Jiabao with suggestions and questions as the nation’s top legislative and advisory sessions approach.An online survey to hear the voice of citizens at www.news.cn has received more than 5,300

News Digest: This is no time for stealing pigs

These days, all eyes are on the People’s Bank of China, the Federal Reserve, and other international policymakers, as the market becomes increasingly edgy over whether they will act to head off inflation brought on by

News Digest: CPI hits new high, full-year target reachable

BEIJING – Higher food prices pushed the consumer price index (CPI), China’s main gauge of inflation, to a 23-month high of 3.6 percent in September, but officials said China could still achieve the 3-percent full-year inflation

News Digest: WB cuts growth forecast to below 10%

WB cuts growth forecast to below 10% By Xin Zhiming Updated: 2008-02-05 07:23 The Chinese economy will grow at 9.6 percent this year, instead of 10.8 percent as forecast earlier, because of a global economic

News Digest: Nation needs to consolidate effects of macrocontrol

The rapid growth of China’s economy has been relatively brought under control, but effects of macro-control measures need to be further consolidated, said Xie Fuzhan, director of China’s National Bureau of Statistics (NBS) in Suzhou on Saturday.This is

News Digest: Economist: Inflation not to happen in China within 2 years

China’s economic recovery is in good condition and there is no need to pay too much attention to inflation within the next two years, said Bruce Kasman, chief economist with JPMorgan, according to financial information website

News Digest: China’s GDP grows 9.6% in Q3, inflation picks up

BEIJING – China’s economic growth continued to decelerate in the third quarter as the government weans the economy from the stimulus and back to normal. But rising inflation posed new challenges. [CPI rises 3.6%, PPI up

News Digest: Mainland’s property market is still safe as houses

If we were to sum up the current state of the mainland’s property market it could be by paraphrasing the opening sentence from Charles Dickens’ A Tale of Two Cities: It is the best of times,