Tag Archives: China

BEIJING, March 1 (Xinhua) — China’s four biggest state-owned banks said Thursday they will continue implementing the differentiated housing loan policy. The four state-run lenders, dubbed “the Big Four,” are Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China. The lenders said they would stick to the government’s macro control policies over …

Feb. 28 (Bloomberg) — Pay for newly hired senior investment professionals in China and emerging Asian countries may see double-digit growth this year as banks in the region compete for talent and avoid European debt crisis fallout. Compensation for a senior corporate banker in Beijing, excluding bonuses, is projected jump 42 percent this year to at least 2 million yuan …

BEIJING, Feb. 26 (Xinhua) — China’s natural gas imports rose 66.7 percent year-on-year to hit 3.6 billion cubic meters in January, the country’s top economic planner said. The rapid increase has further pushed up the share of imported natural gas in the country’s natural gas consumption, the National Development and Reform Commission (NDRC) said in a statement on its website. …

BEIJING, Feb. 26 (Xinhuanet) — China’s central bank may cut the interest rate in the second and third quarters this year, as the economies in the EU and US slow down further while domestic inflation pressure gradually eases, economists said on Saturday. According to research co-sponsored by Xiamen University and the National University of Singapore, China’s monetary policy is very …

MEXICO CITY -(Dow Jones)- Reports that China is prepared to lend $100 billion to the International Monetary Fund are “purely rumor,” China’s Deputy Finance Minister Zhu Guangyao said Saturday. Speaking to reporters on the sidelines of a meeting of finance ministers and central bankers from the Group of 20 nations, Zhu said he was confident the euro zone’s problems can …

China set targets for increasing production capacity at key polysilicon and solar cell makers, part of the government’s plan to ensure its companies survive a slump in prices. China wants each “leading” company to have 50,000 tons a year of polysilicon capacity by 2015 and targets 5 gigawatts for each of its top solar-cell makers, according to a five-year plan …

Asian stocks rose this week, sending the regional benchmark index to its longest-ever streak of weekly gains, as U.S. economic reports and signs of policy easing in China buoyed the outlook for Asian earnings. Shui On Land Ltd. (272) led Chinese developers higher on speculation more cities will attempt to lower restrictions on the property market amid signs the economy …

China’s economic growth may slip to 8.59 percent this year due to slowing in Europe, while inflation will ease to 3.3 percent, according to a Xiamen University and National University of Singapore joint forecast. Growth may bottom out in the second quarter, slowing to 8.35 percent before picking up again, according to the forecast released today at a forum in …

  Feb. 23, 2012 – Feb. 23 (Bloomberg) — Nathan Sheets, global head of international economics at Citigroup Inc. and former head of the Federal Reserve’s international economic division, talks about the outlook for China’s economy. Sheets speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.” (Source: Bloomberg) (Bloomberg)