China on Tuesday announced it will maintain its export stimulus measures to tackle more complicated trade conditions next year after their success in offsetting the effects of the global economic crisis.
China´s industrial output should grow 11 percent for the entire year. That´s according to the Minister of Industry and Information Technology, speaking Monday morning at a work conference.
China´s economic data for November, with some key indicators beating market expectations, have sent clear signals that China´s economic recovery is accelerating and broadening.
China´s foreign trade is projected to grow 15 percent next year, according to a report released by the China Institute for WTO Studies on Friday.
A venture capital foundation has been launched to help relieve funding problems for small businesses in China.
It´s been just over a year since the launch of the four trillion yuan fiscal stimulus plan, which lent assistance to 10 key industries. One of these was the textile industry.
China is pledging to strengthen policies to encourage domestic consumption next year. The State Council made that decision at a regular meeting on Wednesday, presided over by Premier Wen Jiabao.
The Chinese government reiterated Wednesday that to spur "sustainable and fast consumer spending" will be a priority next year, as the world´s third-largest economy seeks to break from dependence on export and government pump-priming to drive post-crisis growth.
China´s banking authorities vowed to step up efforts to improve credit quality, and keep credit expansion in reasonable pace after record lending, to echo government´s call to rebalance economic growth pattern.
A cornerstone of China´s fiscal and monetary policies in the wake of the global financial crisis was a stimulus plan worth around 4 trillion yuan.
The Chinese government implemented bailout plans for 10 sectors at the beginning of the year. Many of the nation´s industries then performed quite well in 2009.
Senior Chinese officials Thursday warned of increasing industrial overcapacity, saying that expansion of some Chinese industries has outrun the growth of market demand.
China will maintain the stability of its Renminbi (RMB) exchange rate all along, which does good for the world economic recovery, Commerce Minister Chen Deming said on Monday.
Chinese vice commerce minister, Jiang Zengwei, says the world economy still has many uncertainties. To maintain the fast and steady growth of China´s economy, the country should focus on enlarging domestic consumer consumption.
Stimulus policies spurring domestic consumption will be maintained next year, while high sales growth of home appliances and automobiles due to the stimulus packages will not affect consumption in 2010, analysts predict.
The past year and a half has witnessed remarkable changes in the world´s economic balance. Policy makers and business leaders are now talking about the post-recession and world economy.
China´s economy needs to be driven by household consumption, Michael Spence, winner of 2001 Nobel Prize in Economics, said in Qingdao on Wednesday.
China has channeled 497.9 billion yuan (72.9 billion U.S. dollars) of central investment by September for the stimulus package to shore up the economy, a senior official has said.
The World Bank on Wednesday raised China´s economic growth forecast for this year and projected sustainable and robust growth in 2010.
China´s increasingly voracious investment in overseas markets is helping the global economy - and especially the economies of developing countries - recover from the financial crisis, according to several speakers at the First China Overseas Investment Fair Tuesday.