Chinese steelmakers may continue to struggle with waning profits next year
BEIJING, Dec. 19 (Xinhua)-- After a decade of explosive growth, China's steelmakers are now grappling with developmental bottlenecks and decreased profits. Squeezed by increased production costs, China's steel mills have been facing tough times since 2010, and experts say their troubles are not lik...
+ MoreYuan Funds for Foreign Exchanges Drop for Second Month
The People's Bank of China announced the country's yuan funds outstanding for foreign exchange has dropped for a second month in November from the previous month. As of the end of November, China's total yuan funds outstanding for foreign exchange stood at 25.5 trillion yuan. The figure is down fr...
+ MoreChina to Keep Low Import Tariffs in 2012
China will keep import tariffs at a low level next year as part of its course to promote balanced trade by boosting imports, according to a government statement released on Thursday.The average tariffs on more than 730 categories of imported goods will stand at 4.4 percent in 2012, less than half th...
+ MoreKey Economic Conference Opens to Draft 2012 Plan
High-ranking Chinese officials gathered Monday for the annual Central Economic Work Conference, which will analyze international and domestic economic situations and map out plans for economic development in 2012.The annual event has served as a crucial mechanism for the Communist Party of China (CP...
+ MoreChina’s CPI growth eases to 4.2% in November
BEIJING, Dec. 9 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 4.2 percent year-on-year in November, further weakening from 5.5 percent in October due to falling food prices, the National Bureau of Statistics (NBS) said on Friday. November's inflation rate marked a ...
+ MoreThe Coordination Meeting for 2012 BEAING Held
The 13th CIBIE will be held in Shanghai from September 20 to 23, 2012. The difference from the previous session is that BEARING 2012 will move to Shanghai World Expo Exhibition & Convention Center(The Expo Theme Pavilion) for the first time. The area expand to 4,2000 sq meters. On December 7，2...
+ MoreAutomakers confident about China market
BEIJING, Nov. 27 (Xinhuanet) -- China's automobile market has cooled down this year, but automakers remain confident about the long-term outlook for its market. Senior executives from major automakers attending the ongoing Guangzhou Auto Show have expressed their confidence, forecasting an overall g...
+ MoreChina releases a new plan for the iron and steel industry centered on industrial upgrades
The new 12th Five-Year Plan (2011-15) for China's iron and steel industry, recently released on the website of the Ministry of Industry and Information Technology (MIIT), says the iron and steel industry will face development opportunities, as well as severe challenges, particularly slowed growth in...
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