In April four lines around 260 billion in new loans

Posted in Economy News

  This reporter learned from the relevant channel in April, workers, farmers, and built around four major lines of 260 billion dollars in new loans in March, representing a reduction of nearly $ 40 billion. Bankers said in April, four rows of loan origination progress consistent with the plan before, there is no clear situation than expected.   Typically, four rows of new loans in the total amount of lending the mean value of about 30%~40%,2011 years of 36%, only 30% of March. Projections based on this data, in April of this year about for around $ 800 billion in new loans, [...]

April best city home prices fell putting stress expert said the third quarter or hit bottom

Posted in Economy News

  Chinese Academy of indices to 100 cities full of sample survey data show that in April 2012, the House of 100 cities across the country average of 8th consecutive month prices fell, a larger decline than last month expanded; hundred residential average price per cent fell for the first time since the June 2011, price per cent fall for 4 consecutive months and ten cities enlarged. Industry experts expect the third quarter before and after, house prices decline in exports could hit bottom.   Data show that in April, the national urban residential average price of 8,711 100 Yuan/sq m, fell [...]

Its parity against the dollar for the first time exceeded 6.27 gate

Posted in Economy News

  Yesterday, Yuan against the dollar price highs since the 3rd consecutive day refresh currency, 6.27 mark for the first time. Industry sources say, devaluation of the renminbi in the Central Bank’s move was intended to curb foreign market expectations, and gradually expand its bi-directional wave initiative.   According to the China foreign exchange trading center announced yesterday against the dollar price of RMB $ 1 dollar to 6.267, than the previous session’s sharp run-up in 117 basis points. However, by the surge in the dollar effect, request market minimum to 6.3079 Yuan, median price decline increases to 0.65%, but 1% new [...]

April HSBC China PMI litres continuous output contraction

Posted in Economy News

  HSBC report released yesterday shows that April HSBC China manufacturing purchasing managers ‘ index (PMI) for 49.3, 48.3, although higher than the month, but still runs shows China’s manufacturing slowed for the sixth consecutive month, but slow rates has narrowed.   According to the April manufacturing output shrinking for the second month in a row, but eased last month. Sample showed that output of reason is to reduce the amount of new business, there are sample reflect the poor market conditions. Manufacturers reflected weak potential demand.   April new business dropped slightly, fell for 6 months minimum. On the contrary, increase in [...]

Tasks under State pension 5 years to achieve full coverage

Posted in Economy News

  2nd Prime Minister Wen Jiabao chaired the State Council Executive meeting of the State Council, discussed by the social security “Twelve-Five” program for animal disease control and the national medium-and long-term planning (2012-2020).   Meeting “Twelve-Five” during six tasks of social security, “to achieve full coverage of residents in urban and rural social old-age insurance system” led by.   At present, China’s urban and rural social security is far from balanced, significantly lagging in rural areas, some basic protection system coverage is narrow. With the advance of urbanization, there is an urgent need to strengthen the system integration and cohesion, speeding up [...]

“Labor day” around the property transactions clear differentiation

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  Known as “the market bellwether,” said “labor day” exhibition on April 29 in Shanghai, Chengdu, Haikou, Zhuhai, held in Qinhuangdao. Reporter learned that, due to promotions, just need to release, as well as differences, “labor day” around the property market transactions appears clear differentiation. Beijing, Guangzhou, Hangzhou, Nanjing, Wuhan, and other key cities property market an impressive turnover occurs faster growth, Nanjing, Hangzhou, 3rd intranet to check volume hit a new high in recent years;, Shanghai, Shijiazhuang, Taiyuan, Changchun City due to the limited promotions, plus the wait-and-see atmosphere is dense, “labor day” market turnover fell. Shanghai property market trading [...]

State Office issued to support development of new intellectual property

Posted in Economy News

  State Council yesterday to the several opinions on strengthening the strategic intellectual property rights in emerging industries, said will speed up the construction of strategic industries to strengthen intellectual property rights introduced a series of policy, including development financing, implementation of intellectual property rights industrial clusters cluster management of intellectual property rights, such as intellectual property and innovation transfer and transformation, further to the development of related industries.   Accelerating innovation in strategic industries holding   Views under made, future will implementation strategic new gathering area intellectual property cluster management, in gathering area exploration established to advantage Enterprise for leading, and technology [...]

Yuan bi-directional volatility increased exchange rate hedging tools are expected to grow

Posted in Economy News

  On the last trading day in April, Yuan against the US dollar spot rate intraday margin of deviation from the median price has more than 5 per thousand for the first time, bi-directional wave further increase of RMB exchange rate, raised some concerns about the exchange rate risk to increase. Market participants pointed out that currently the Renminbi has become more balanced, two-way volatility increased in the future, or bring certain challenges for foreign trade enterprises, corporate haven demand, on the other hand banks also haven development speed.   RMB appreciation of the unilateral suspension   Compared with the last year annual [...]

Access to vitamin c industry standard “timely publications”

Posted in Economy News

  Yesterday was informed that vitamin c completed access conditions have been formulated by the Ministry of industry. According to the Ministry in charge of the Bureau working plan, the access conditions will be “timely publications”. This mainly to guide the healthy development of the industry, addressing industry competition and duplication of disorder, reverse the trend of falling prices of vitamin c, good leading enterprises.   According to the introduction, vitamin c price was as high as $ 12-14 per kilogram, profit more space, which contributed to the situation of excessive investment, high vitamin c manufacturer in China in the period up [...]

Logistics industry growth in the first quarter fell

Posted in Economy News

  National development and Reform Commission recently issued a quarterly health logistics show, total logistics increase per cent drop in the first quarter, is slowly stabilizing trends in logistics demand, logistics business fixed investment has also continued to fall, logistics and low profitability.   According to statistics, total logistics national 38.6 trillion yuan in the first quarter, are calculated at comparable up 10.9%. Although growth continued to fall, and 3.3% decline in growth rate over the same period last year, but the link has improved, 0.3% improvement in growth rate than in January-February, industrial logistics totalling $ 35.1 trillion, an increase of [...]

According to start a new round of State “thoroughly”

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  Registration of property right of State-funded enterprise coverage expansion, a new State “thoroughly” officially started.   Commission of the State Council recently issued interim measures for the administration of registration of the property right of State-funded enterprise, came into operation on June 1 this year. Provided for in the way: State-funded enterprises, State-funded enterprises (excluding shares of State-owned capital company) has effective control at all levels inside and outside the enterprise and investment participating companies should be included in the scope of registration of property rights. State-funded enterprises and institutions as its child property right registration of enterprises.   Worthy of note [...]

Parity of RMB 6.27 earned modified-breaking new highs

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  Yesterday, the sharp appreciation in the Yuan rate eight basis points to 117, it is modified by creating foreign exchange RMB 3 trading days in a row since high. Although the performance is so strong in the Middle, but market participants believe that the recent lack of supporting the power of appreciation, and in offshore markets and territories on the spot market, currency remains weak compared with the price.   6.2829, 6.2787,, 3 days in a row, prices continue to hit in the middle of the Renminbi, prices rose strongly in the middle of the movement from the Chinese Yuan to [...]

Wenzhou urge Central “decentralization”

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  Golden Rules modified “literariness”   Comprehensive financial reform begun in Wenzhou “literariness”.   Wenzhou City, one from the Government’s programme for the implementation of comprehensive financial reform test zone in Wenzhou City (draft) revealed that the 12 tasks determined by the State Council, Wenzhou reform task is the itemized breakdown refinement, ruled out “package” over more than 50 pilot focused on work projects, and reforms requiring superior departments to help support the project.   At present, the programme for the implementation of comprehensive financial reform test zone in Wenzhou (draft) has been Executive meeting of Zhejiang Provincial Government “approved in principle”, and submitted [...]

The State Council: reform of endowment insurance system

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  Meeting notes that “Eleven-Five” is the fastest since the founding of the social security system construction in the period of the period, system-building breakthroughs, forming the framework of social security system of covering urban and rural residents, more substantial increase in protection level, social security administration service system establishment. Enacted has social insurance method, amendment has injuries Insurance Ordinance; established new rural social pension insurance system and carried out pilot, full established enterprise staff basic pension insurance provincial and manpower system; full implementation town residents basic medical insurance system, and new rural cooperation medical system and urban and rural medical [...]

Chengdu financial industry “Twelve-Five” layout: Western financial center in 2015

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  By 2015, the Chengdu financial sector value added services increase the value of 20%, as a proportion of share of the GDP reached 10%, Chengdu will be built into centres of Western financial institutions, financial innovation and market trading center of the West, Western financial outsourcing and service center in the background.   Yesterday, the financial sector development, Chengdu, Chengdu municipal government information Office published the “Twelve-Five” programme (hereinafter the programme), emerging financial sector, strengthening local financial comprehensive competitive power of 9 will be focused on development in the area.   The plans made, Chengdu will be in “Eleven-Five” on the basis [...]

GDP up by 15% Choi collect budget revenues grew 52% growth miracle save in Guizhou worries

Posted in Economy News

  Resources sustainable development is developing into a tide of suspected   Slowdown in the coastal areas at the same time, rapid growth of the Central and Western provinces.   As of now, in addition, Heilongjiang, Inner Mongolia and Gansu province, provincial economic quarterly bulletin has been published. Among them, Guizhou province to 15% above GDP growth, as well as cent of budget revenue growth both lead the country.   Total investment in small, resource-rich and become ferocious growth of Guizhou power. However, could become the next Inner Mongolia, while GDP per capita the country last, ecological and economic development coordinating short plate is [...]

Three great force accelerating the LED industry reshuffle

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  Micro-LED tide of enterprises closed down last year, has opened a curtain of China LED industry reshuffle. Since the beginning of this year, government procurement threshold elevation, IPO listing tide continuing, emerging industry standards, such as the three major factors will accelerate the process of shuffling LED industry.   On March 20 this year, the Ministry of finance, national development and Reform Commission, Ministry of science and technology organization “2012 semiconductor lighting products financial subsidies to promote projects” in Beijing to open tender, involve LED downlight indoor lighting, reflective self-ballasted LED lights, as well as for outdoor lighting LED lamps, LED [...]

China and South Korea officially launched the free trade agreement negotiations

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  Minister of Commerce Chen Deming of China and Korea Ministry of Foreign Affairs and trade were seen in Beijing the Minister Park Tae-Ho 2nd reporter announced that officially launched the Sino-ROK free trade agreement negotiations.   Mr Chen said, Sino-ROK diplomatic relations 20 years rapid development of bilateral economic and trade relations, trade with an average annual growth of more than 23%, China is Korea’s largest trading partner, Korea become China’s main trading partner and source of foreign investment, further strengthening bilateral economic and trade cooperation conducive to economic development, in line with the interests of the people of the two [...]

Modified by domestic demand in Kai yuan proposal starting from regulating income distribution pattern

Posted in Economy News

  What would be China’s economic engine of growth for the next stage? Exports, investment or consumption?   Although the official PMI index has rebounded to 53.3% April, shows basic situation stabilised to good economic growth, but first-quarter economic data shows that by way of investment-led economic growth, continues to play its role of inertia.   First quarter of 2012, 8.1% national economic growth, decline in growth for a fifth quarter, the expert will be interpreted as China entered a period of fast growth in the signal.   According to the first-quarter GDP growth in the top four of the provinces are in turn, [...]

Three decisive battle 10 MW offshore wind machine

Posted in Economy News

  Wind energy equipment branch of China agricultural machinery industry Association Secretary General Qi Hesheng revealed Shanghai international wind energy exhibition, April 26, 10 megawatt wind machine was listed into national 863 Program of research and development projects, by the sharp wind, goldwind science and technology of China and the United power of three domestic wind power development of leading enterprises in competition, is expected to have preliminary results next year. At that time only two will be selected the last production.   Current fan overall decline. 2.5 sales have more than 1.5 MW and 3 MW wind machine small fan, the [...]

Subsidies LED path conversion: from Pratt and Whitney to focus on acting

Posted in Economy News

  ”Compared with the previous, the tendering enterprises have set up many barriers, new round of subsidies policy is only for part of the enterprise. “On April 27, the General lighting for Audi, Guangzhou Guan Xudong, Managing Director said.   In accordance with the requirements of China eliminated the incandescent road map, starting on October 1 of this year, more than 100 watt incandescent lamps for general lighting purposes is eliminated. On March 20, the Ministry of finance, national development and Reform Commission, Ministry of science and technology organization “2012 semiconductor lighting products financial subsidies to promote projects” in Beijing for public [...]

Ministry survey second quarter growth returns

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  CUI Jian-Zhong.   Despite all the economic upturn, but as a head of Anhui and company operations center in Beijing, construction machinery rental and now no major improvement. “I did not see anything better. “He said.   He supported by this data. According to the understanding, March 28 manufacturer’s total sales of excavators excavator 23,248, down 47.34%, 48.85% per cent higher than in January-March, total sales for 44,087, and fell 41.87%.   Excavator sales infrastructure in China is accelerating, a microcosm of the economy as a whole is overweight. Last year, current economic figures look good. But if compared with the last several [...]

RMB rate three new high schools-us dialogue focusing on interest rate marketization

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  The fourth round of the occasion of the China-us strategic and economic dialogue will be kicked off on May 2, its parity against the dollar for the third consecutive day of record highs since the reform, 6.267.   Sino-US strategic and economic dialogue was held in Beijing on May 3 and 4th, the United States–one of the important representatives of Treasury Secretary Timothy Geithner (Timothy Geithner) publicly made a speech in San Francisco April 27 that:, RMB currency misalignment mechanism has still not been fully corrected, want the Yuan to appreciate. It is widely expected, China’s financial reforms, including the currency [...]

Domestic agriculture into “high cost high prices and high subsidies” era

Posted in Economy News

  ”In the process of rapid development of industrialization and urbanization, agriculture faces a shrinking of the potential danger. “Held at premises of the end of April,” three synchronous “seminar on development experience, Huang Shouhong, Deputy Director of the Research Office of the State Council issued a special warning.   The so-called “three synchronous” refers to the 2011 first proposed the concept of the central rural work conference report, simultaneously in the further development of industrialization and urbanization of agricultural modernization.   Huang Shouhong, from urban and rural areas to “three synchronous”, the central concern is being marginalized in the process of urbanization, [...]

Wenzhou private lending Center, “the first single” survey

Posted in Economy News

  Wenzhou grass-roots of the rivers and lakes, even at the time of comprehensive financial reform, there is also a jungle “bandit”.   As a supporting project of comprehensive financial reform test zone, Wenzhou civil loan service center (hereinafter referred to as “the Centre”) in formal business on April 26. Into the center of one of the four home finance intermediation platform “speed credit States” take down the lending operations of the first single.   First single borrower is a young man called Hu Suliang, borrowing $ 50,000 and monthly interest 1.6%, from application to lending is said to just one week. But [...]

Basic operations licence to broadcast or broadband antitrust twists

Posted in Economy News

  In telecoms, China Unicom broadband monopoly investigation is not over yet, but a recent public statement of the Bureau of national development and Reform Commission antitrust officials, has the last 5 months of investigation “disguise a major accident as a minor one,” may, while three major telecom operators based network control operator qualification seems to have changed.   This reporter learned from the State administration of science and technology Secretary concerned Department, recently, network convergence working group composed of a number of experts of the State Council of the “broadband in China” investigation of strategic investigation team to a number of [...]

Personnel management regulations to be issued clean up completed

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  Cleaning standard in the classification reform in public institutions has been completed and   Reporter was informed that is modified by the human and Social Affairs in conjunction with the relevant departments of the institutions ‘ personnel management regulations, expected to be issued.   The formulation of the regulations on personnel management in public institutions was seen as “an urgent task of the current reform of the personnel system of public institution units, and a top priority. ”   Reform is the core of personnel, is also the focus of the reform of the institutions, preparation, personnel system reform principal institutions, including institutions [...]

Ministry a quarterly loss of 7 billion

Posted in Economy News

  Reporting Trade Center hosted network of Chinese currency, China announced on May 2, the Ministry of railways of the quarter of 2012 summary of financial statement audit reports. Display the report data, as at the end of the first quarter of 2012, $ 6.979 billion net loss after tax of Ministry of railways, Ministry loans 91.528 billion yuan in the first quarter, capital investment amounted to 113.138 billion yuan.   These three data is very deep.   Said after-tax profits, the data in the past two years are rather unattractive, 2010 is $ 31 million by the end of 2011 is $ [...]

Analysis says “Twelve-Five” coal concentration increase will not form monopolies

Posted in Economy News

  As a programmatic document guiding industry development, the coal “Twelve-Five” issued by the planning and enterprise in the province. At present, the province and research on Enterprise Organization for planning and analysis.   As a “Twelve-Five” coal plans of major players and authors, Director of the development research center of China’s coal industry, members of the national expert Advisory Committee on energy He Youguo an interview with this reporter the other day, reading “Twelve-Five” coal demand and supply in China, coal production layout changes during construction, reforms in the coal industry, coal base and other key topics.   Total coal consumption made [...]

Capsules price Ultra-20%

Posted in Economy News

  Prices of capsule will float.   Annual production capacity of hollow capsules 120 billion, annual output of about a third of China’s 40% in xinchang, Zhejiang Province, hollow capsules remain closed in the company warehouse, waiting for the acceptance of Institute for drug control in Shaoxing city final round of “checked”, or around May 15 release the sales market.   ”Doomed to increase the price of hollow capsules. “April 27, China Zhejiang xinchang discontinued the 13th days of the capsule, xinchang xinchang Dragon pill, capsule, President of the Association, said General Manager Wang Weiliang, on the one hand, because the suppliers of [...]

Land: land requisition system reform will accelerate

Posted in Economy News

  China Securities News reporter learned from the Ministry of land and resources, the “Twelve-Five” period, China will accelerate the speed of reform of land requisition system and explore ways of establishing public financial investment and planning purposes to change the value of land for the formation of reasonable distribution of the proceeds.   Land Department, to gradually narrow the range of land acquisition in the future, according to protect the interests of landless peasants ‘ interests and development principle of reforming the system of land requisition compensation and rehousing, improving the compensation standard of land expropriation, in accordance with the same [...]

Some industries approved pilot agricultural input VAT deduction

Posted in Economy News

  Ministry of Finance recently issued a notice saying, approved by the State Council, Ministry of finance, State administration of taxation decided that with effect from July 1 this year in some industries produce input VAT deductions approved pilot involved buy farm products as raw materials to produce and sell liquid milk and dairy products, vegetable oils, wine and alcohol industry.   Analysts said that as the adjustment and perfection of agricultural products in China VAT deduction mechanism an important initiative, the pilot is to explore the improvement of production and circulation of agricultural products value-added tax credit mechanism of important steps, [...]

Edible agricultural products prices last week to pick up

Posted in Economy News

  Department of Commerce Web site, 2nd and last week (April 23) Department of Commerce focused on monitoring food prices fell a rebound after 5 weeks in a row.   Under the influence of early national weather rainfall in some areas, vegetable market volume declined slightly last week 18 kinds of vegetables wholesale prices rebounded slightly after 5 weeks of continuous drop, rose 2.4%, white radish, rapeseed and tomatoes gainers, rose, 14.4%, and 9.8% respectively. 8 kinds of aquatic product wholesale prices rose 1.1%. Edible oil prices rose as a whole, peanut oil, canola oil, soya oil prices rose, 0.6%, and 0.1% [...]

The CBRC: promotion of bank service prices introduced administrative measures as soon as possible

Posted in Economy News

  Banking Regulatory Commission recently held a national banking systems Senior Manager and head of banking system at all levels to participate in the teleconference. Meeting notes that, after the previous stage special, currently unreasonable charges and additional conditions of banking has changed, but there are still some key problems, and service requirements of the real economy and there is a gap between the expectation of the whole society, affecting the soundness of the banking business and scientific development.   On promoting the administrative work for the next stage of the Conference put forward specific requirements. All banking financial institutions and regulatory [...]

Shang Fulin, asked to do a small micro-enterprise financial services

Posted in Economy News

  China Banking Regulatory Commission Chairman Shang Fulin said recently, small micro-enterprise loans amounting to $ 15 trillion in late 2011. Where small business loan of $ 10.8 trillion, three consecutive annual growth rate not lower than the average growth rate of all loans, incremental, not less than the same period of “two of not less than” targets.   The CBRC held the 2011 national small micro-enterprises on the evaluation of financial services Conference, said Shang Fulin, 2011 all kinds of small micro-enterprise loans of banking institutions go hand in hand, especially small and medium-sized banks and financial institutions in rural areas [...]

Electricity regulatory Commission special supervision report released

Posted in Economy News

  Recently, the electricity regulatory Commission published power power supply enterprises of the project “three designated” special supervision report, the report states that, through special, violating the principle of fair competition in the market of “specified three” acts have been effectively curbed, business expanded further specification of power supply enterprise, but also remain “specified three” violations.

Oil price opened window or in the short term

Posted in Economy News

  On May 1, the United States crude oil futures rose hit a five-week high. However, researchers in the industry believe that international oil prices is difficult to change the weak structure, International crude oil prices remained under pressure. According to the bodies monitoring data show, three changes to crude oil expansion continues, oil price adjustment window is expected to open in the near future.   Analysis of researchers in the industry, mainly because United States April manufacturing index rose to the highest level in 10 months, boosting prospects for demand for crude oil. However, recent economic data showing United States economic [...]

6.27 barrier-breaking earning RMB exchange rate change high

Posted in Economy News

  People’s Bank of China authorized the China foreign exchange trading center announced on May 2, 2012 interbank foreign exchange market currency exchange rate parity against the dollar as 6.267, up 117 basis points in the previous session, a day after 6.2787, Yuan central parity rate against the dollar, 3rd consecutive export record modified. Experts told reporters yesterday that the dollar recently fell sharply in the Yuan central parity rate even the main reason for the high, although did not rule out some of the Sino-US strategic dialogue meeting was imminent. Still renders the bi-directional volatility of Renminbi exchange rate situation [...]

Settlement fees need to break the Bank monopoly

Posted in Economy News

  On May 2, Office of the State Council rectified unhealthy tendencies of the 2012 implementation of the work of checking unhealthy tendencies in the Chinese Government published the full text. Views, to resolutely correct fees question of banking institutions.   Recently, the regulator has to convey the spirit of the national work Conference on rectifying and full deployment of promoting banking unreasonable charges and conditions of additional administrative work.   This year, the CBRC has unified plan supervision departments at all levels and banking financial institutions adhere to the “clear policies and regulations, to promote transparency, strengthen supervision and inspection, strictly punish [...]

Hong Kong banking spreads decline year by year the currency inflows increase the cost of deposits

Posted in Economy News

  Net interest margin narrowed to 1.25% last year   Recently, the Hong Kong Monetary Authority unveiled the 2011 annual report (hereinafter referred to as “the HKMA annual report”), the Hong Kong banking sector’s profitability continued to encounter challenges last year, its annual average net interest margin narrowed to 1.25%, than per cent in 2010, your 0.07%.   Analysts believe that the fierce competition in the deposit market, retail bank had to raise interest rates to attract deposits, RMB deposits increases also make the overall cost of deposits has increased, and RMB loan business development in Hong Kong is still relatively limited.   The [...]

The United States emphasized the benefit of closer economic and trade relations between the

Posted in Economy News

  Ahead of the fourth round of Sino-US strategic and economic dialogue was held, United States Treasury Secretary, Timothy Geithner, and many think tank expert said ties between the current global economy, closer economic and trade relations between China and the benefit of the two countries.   United States intellectual kubidesen Institute for international economics senior fellow at Romano Prodi told reporters in a conference call to be held on 1st, during the fourth round of the Sino-US strategic and economic dialogue, both on topics such as the readjustment of the economic structure, financial reform talks, the parties are expected to announced [...]

In July approved pilot input VAT deduction

Posted in Economy News

  Press 2nd from the Treasury that, upon approval of the State Council, Ministry of finance, the State administration of taxation decided that with effect from July 1 this year in some industries produce input VAT deductions approved pilot involved buy farm products as raw materials to produce and sell liquid milk and dairy products, vegetable oils, wine and alcohol industry.   Analysts point out that, as the adjustment and perfection of agricultural products in China VAT deduction mechanism an important initiative, the pilot is to explore the improvement of production and circulation of agricultural products value-added tax credit mechanism of important [...]

Loss of almost 7 billion market in the first quarter of the railway Ministry hopes reforms

Posted in Economy News

  Ministry a quarterly loss of close to 7 billion debt rates are high, just weak recovery in the market confidence, and all of a sudden cold in half.   ”Why is no better? It can only hope to reform. “Shenzhen investors yesterday told the business daily the financial times that of steel.   Not enough funds “filling holes”   Yesterday, the national interbank Center under the Ministry of railways of China currency disclosure 2012 years a quarterly summary of financial statement audit reports (hereinafter referred to as the report), the report, first quarter of the year, profits totalling $ 10.078 billion for the [...]

Sino-us focus on bilateral investment protection of exchange rate issues fade out

Posted in Economy News

  Sino-American S&ED today   [Vice Finance Minister Zhu Guangyao said, clearly announced to restart talks on a bilateral investment protection treaty, the seventh round of consultations at the technical level will soon]   Today at the Diaoyutai State Guesthouse in Beijing between China and opened the fourth round of the Sino-US strategic and economic dialogue (S&ED).   Because the Obama administration is at a delicate during the 2012 presidential election, China is faced with “18″ upcoming important tasks, the S&ED will be well organized. But there is one important background I must mention, that Sino-US relations in the past year in the area [...]

Pension Twelve-Five plan publication to build social security transfer and renewal system

Posted in Economy News

  On May 2, the State Council Executive meeting discussed by the social security “Twelve-Five” program. Conference pointed out that China’s “Twelve-Five” will accelerate the establishment of a sound social security system of covering urban and rural residents, social insurance and manpower levels, establishing an effective social insurance system of transfer and renewal.   Meeting notes that “Twelve-Five” period, we must adhere to the “extensive coverage, insurance basic, multi-level, sustainable” basic policy of aiming to “Twelve-Five” end, form a comprehensive social security system, sound management and service system, and steadily raising the level of protection, basically solve the problems left over by [...]

State pension Twelve-Five plan identified six major tasks

Posted in Economy News

The “Twelve-Five” period, we must adhere to the “extensive coverage, insurance basic, multi-level, sustainable” basic policies to enhance fairness, adapt to mobility, to ensure that focus on sustainability, more attention to the fair, more emphasis on integrated urban and rural development, more emphasis on quality and efficient services, more attention to sustainable development, speed up the establishment of a sound social security system of covering urban and rural residents. Strive to “Twelve-Five” end, form a comprehensive social security system, sound management and service system, and steadily raising the level of protection, basically solve the problems left over from history, for [...]

Currency is no longer the top

Posted in Economy News

  In this dialogue, equality in China should call for Sino-US relations, a number of issues should not be maintained, “Americans say” old model, at the same time on the basis of reciprocity, the Parties shall cooperate in good faith, took up more material security.   Although the problem is not a problem between China and the South China Sea, but in view of the United States set up military bases in the Asia-Pacific region, sell weapons, joint military exercises, these practices and United States officials say contradictory, not conducive to the stability of the Asia-Pacific region.   The afternoon of May 2, [...]

Sino-US economic and strategic talks on investment protection of exchange rate issues fade out

Posted in Economy News

  Today at the Diaoyutai State Guesthouse in Beijing between China and opened the fourth round of the Sino-US strategic and economic dialogue (S&ED).   Because the Obama administration is at a delicate during the 2012 presidential election, China is faced with “18″ upcoming important tasks, the S&ED will be well organized. But there is one important background I must mention, that Sino-US relations in the past year in the area of trade conflict between the two countries continued, Sino-US trade has become United States election hot-button political issue.   The S&ED will become a Sino-US high-level dialogue platform for expanding trade and [...]

Export control or Sino-US strategic and economic dialogue was held today to focus

Posted in Economy News

  Fourth round of Sino-US strategic and economic dialogue was held in Beijing May 3. Under the framework of the China-us strategic and economic dialogue economic dialogue will focus on three major economic and trade issues: for strong, sustainable and balanced growth, expanding trade and investment opportunities; financial stability and reform.   Expert analysis, this round of the strategic economic dialogue will set medium-and long-term trend of Sino-US economic and trade relations in the future, during the dialogue, is of concern to restart bilateral investment agreement negotiations. Furthermore, with regard to intellectual property and export control issues or will be the focus [...]

Liquid milk industry on a trial basis since July approved agricultural input tax deduction

Posted in Economy News

  Treasury, and IRS General recently issued notification, decided since July 1, 2012 up, to purchased into agricultural products for raw materials production sales liquid milk and the dairy products, and wine and the alcohol, and vegetable oil of VAT general taxpayers, into agricultural products VAT purchase tax approved deduction pilot range, its purchased into agricultural products regardless of is for production above products, VAT purchase tax are in accordance with agricultural products VAT purchase tax approved deduction pilot implementation approach under of provides arrived buckle.   The way agricultural input VAT under the approved methods. The way clear, pilot taxpayers selling [...]

Barriers to improve the registration of health food links

Posted in Economy News

  According to the national food and Drug Administration Web site message, State food and Drug Administration recently issued a notice once again, calls for further strengthening of monitoring and regulating the registration of health food links work, strictly health food access pass. In addition, to improve the entry threshold, State food and Drug Administration recently issued the 9 health such as antioxidant function of evaluation.   Circular emphasizes the provinces (regions and cities), food and drug regulatory authorities to further increase health foods review of registration documents of normative, integrity, and to further strengthen the trial production and experimental verification of [...]

In April, non-manufacturing business activity index in China 56.1%

Posted in Economy News

  According to the statistics Council website news, in April, non-manufacturing business activity index for the 56.1%, down 1.9% last month, continued at the tipping point-50%, indicates that the non-manufacturing economy continued to grow, but slower. Index of other categories in addition to the new export orders index and stock index, fell.   The new orders index fell slightly. New orders index at 52.7%, down 0.8% last month, that momentum in the non-manufacturing sector market demand continues to grow, but growth is slowing down. Min industry see, construction new orders index for 54.3%, below last month 2%, indicates that construction market needs [...]

Lujiazui Forum June 28, 2012 opening

Posted in Economy News

  Davos Forum to build the financial goals of “2012 Lujiazui Forum” will be held in Shanghai on June 28, which is the fifth Forum of Lujiazui.   According to Lujiazui Forum official forum for the publication of notices, theme of the Forum was “reform of financial management and the development of the real economy.”   Since 2008, Lujiazui Forum held in Shanghai in early summer each year, all themes of the Forum “in the world of China’s financial”, “financial development and economic growth in the age of globalization”, “structural adjustment and financial changes after the crisis”, “financial system and macroeconomic management in [...]

Three green project total investment of more than 30 years less than in the North of Beijing-Shanghai high speed rail one-twentieth

Posted in Economy News

  Three North project is called “green wall”, spans nearly 9,000, assume arduous task–the North rejected eight desert, four Sandy loess plateau, North China plain, South nursing locations such as Beijing, Tianjin, nearly half of China’s ecological security, poverty of hundreds of millions of people, are closely related to this project.   However, more than 30 years, total investment but more than 10 billion yuan, less than the total input of Beijing-Shanghai high speed rail one-twentieth. Nevertheless, the three North project is still in the sand prevention and control, protection of agricultural land, soil and water conservation and eco-economic development and achieved [...]

Domestic oil prices or come in late May this year for the first time reduction opportunities

Posted in Economy News

  Treasure Island according to commodity e-commerce platform, as of April 30, the international oil price rate of change to-2.61%. Around May 10, rates may continue to expand to three oil changes-3.6% to-cent if international oil prices continued to slump for next few days, in late May to oil price rate of change will exceed the three-4%, which means that domestic oil prices this year cut its first greet opportunities.   Since March 20, 93# the national wholesale price of gasoline has been decreased from $ 10,380/ton to 10,260 dollars/ton in late April, representing a decrease of $ 120/ton; 0# national wholesale [...]

Shanghai interbank interest rates on the basis of derivative financial products

Posted in Economy News

  Shanghai international financial center and is needs to be done in the future, from the level of policy support, increase the attractiveness of Shanghai talent at home and abroad, widening financing channels of introduction of various types of products, attracting a variety of financial participation of institutional investors, and perfecting the platform construction of law system of good background.   China ping an Group Deputy Chief Investment Officer, ping an asset management company, Chairman and Chief Executive Officer Chen Dexian Morning Post reporter in an interview, made the above remarks.   Faced with the current investment environment in Shanghai, Chen Dexian considers [...]

2012 proposed eliminating backward production capacity of coal 23.47 million tons

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  Although the future of coal as the main energy source in China for a long period will not change, but change the mode of development of coal industry in China, eliminate backward production capacity, total control of ideas has been formed. Following the issue of the development of the coal industry “Twelve-Five” after the plan, national energy Bureau recently issued a notice, the full deployment of eliminating backward production capacity working in the coal industry this year, plans to eliminate backward coal mines this year 625, eliminate backward production capacity of 23.47 million tons/year.   According to Shanghai Securities reported, this [...]

Shenzhen will develop during the year collection of automobile emission charges

Posted in Economy News

  By the end of this year, Shenzhen will be studied and formulated by traditional fuel vehicles exhaust the levy of sewage charges, new energy vehicles increased to encourage policies and measures at the same time.   Shenzhen Special Zone daily reported that Shenzhen, has just announced the implementation of the environmental quality improvement through water environment in the implementation of the plan of action, air three major quality improvement initiatives and green development, to enhance the environmental quality in our city. By the end of this year, to realize the treatment of pollution of transboundary rivers beginning, junction section of river [...]

Ladder price hearing programme published in residents around hot

Posted in Economy News

  Subject outside of Jiangsu, Guangdong, Beijing, Shanghai, Shaanxi, Zhejiang, Shandong, Fujian, Guizhou, Hainan, and other places have also announced a corresponding programme of residential electricity price ladder hearing and public hearings will be held in the near future. Price hearing in stepped around the programme introduced, has sparked discussion. People focus generally focused on the steps divide the price level more detailed and reasonable, considering factors such as climate, the level of economic and social development.   According to the people’s daily reported that Jiangsu netizens think, “hot summer days, no central heating in winter, winter and summer energy is not [...]

First-quarter net loss of Ministry of railways 6.98 billion yuan

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  2012 year of Ministry of railways of the summary financial statement audit report in the first quarter, after deducting $ 15.6 billion in the period after the construction fund after tax, MOR $ 6.98 billion net loss in the first quarter of this year.   Shanghai clearing house Web site on May 2, disclosure of the report mentioned above (“Shanghai clearing house” is the trademark of interbank market clearing company limited).   6.979 billion yuan in losses nearly doubled in the first quarter compared with last year. According to Ministry data released earlier, loss of $ 3.76 billion in the first quarter [...]

Forecast April CPI rose around 3.3%

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  As the monitoring of agricultural product prices down, institutions are predicting April consumer price index (CPI) rose by March in per cent downward, falling back to a range of 3.2% per cent. But the Agency also says that, given the current there are still many factors driving prices up, CPI rose in the second quarter will be difficult to fall back to 3%, and fastest prices may rebound in the second half.   April CPI rose or fell   Traffic Bank forecast April CPI rose by 3.3%. Bank of Communications Research Center advanced macro-financial analyst Tang Jianwei of the economic information daily [...]

Hong Kong and the Mainland connection establish high value-added foods supply chain

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  Said May 3 that the Hong Kong Trade Development Council, Hong Kong food processing enterprises in areas such as product development, marketing, and management advantages, from the development of industrialized operation of agriculture, improve the quality of agricultural products, through the strengthening of food technology and food safety management system, build high-value-added food supply chains, extensive development market.   According to Xinhua, the TDC said in a released the same day of the week, statistics show that in 2010, China has become the world’s third largest agricultural trading nation, but the proportion of exports of agricultural products remain relatively low, compared [...]

Intellectual property will support strategic industry development

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  According to the Chinese Government on 2nd, General Office recently forwarded the intellectual property office, development and Reform Commission, Ministry of education, Ministry of science and technology, Ministry of industry and information technology, Ministry of finance, Ministry of Commerce, industry and commerce, the Copyright Board, and the Chinese Academy of Sciences departments of the several opinions on strengthening the strategic intellectual property rights in emerging industries work.   The opinions point out that, by 2015, the markedly enhanced intellectual property creation ability. Strategic new inventions in the field of ownership of patents and patent applications for international than twice times 2010 [...]

Departments of the Central Government budget public May enter the end

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  Ministry of finance in the 23rd had first of all to the public sector budget for 2012, opened the central ministries to promote budget this year open to the big screen. As of now, has more than 80 various central departments have been public sector budgets. Budget open the speed of this year than in previous years, in May, departments of the Central Government budget is expected to fully open.   This year is the third year ministries of advancing the opening of sector budget. In 2010 for the first time in the course of promoting the sector budget, 98 of [...]

Hu Jintao attended the opening ceremony of the China-us strategic and economic dialogue and speech

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  Zhongxinwang, May 3, according to China Central television reported that Chinese President Hu Jintao on 3rd and at the fourth round of the Sino-US strategic and economic dialogue opening ceremony and delivered a speech.   Fourth round of Sino-US strategic and economic dialogue opening of the 3rd at the Diaoyutai State Guesthouse this morning fangfei. Wang Qishan, Dai bingguo, and Clinton, Geithner rate respectively attended by delegations of the two countries.

State administration of taxation: some employee benefits expense tax deduction

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  Circular of the State administration of taxation on tax Services Division recently regarding the recent tax consultation hot questions on issues of social concern.   For employee benefits costs are exempt from corporate income tax problems, tax Services Division introduced, according to China’s enterprise income tax law implementation regulations, employee benefits costs of enterprises, no more than 14% part of the total wages, salary, granted tax deduction. On the scope of benefits for employees of enterprises in China were also made, including:   Yet implementation of isolation and social functions of the enterprise, which is headed by the Welfare Department’s equipment, facilities [...]

Sharp drop in new loans in April from the “fastest deposit rate cut this week”

Posted in Economy News

  Number of banking industry sources said, due to the defective rate higher in the first quarter in the eastern part, coupled with a deposit limit, Bank lending cautious, may cause the April decline in loan size larger than March.   According to the China Securities journal sources, as of April 25, built four major State-owned bank in April in the workers ‘ and peasants ‘ new credit is only $ 101.7 billion, lending more obvious slowdown in March. Collective brain drain in bank deposits, before April two renminbi deposits lost more than $ 1 trillion on Thursday.   Market participants expected April [...]

Ministry: real name ticket, $ 2 fee after report cards

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  On May 10, the Ministry implemented new rules, real-name train ticket after losing to report cards. Report the replacement ticket shall pay the $ 2 fee, new ticket coupon with “loss supplement”.   According to the Beijing News reported, the Ministry said, the original tickets purchased after losing tickets, when the destination is reached, and then with passenger records to the ticket window for the new ticket refund. This loss to re-submit a new ticket refund will be full price refund, refund will not charge 5% fees.   In addition, the replacement ticket need to charge a $ 2 ticket fee. In [...]

Sharp drop in new loans in April from the deposit and the fastest rate this week downgraded

Posted in Economy News

  Number of banking industry sources said, due to the defective rate higher in the first quarter in the eastern part, coupled with a deposit limit, Bank lending cautious, may cause the April decline in loan size larger than March. (Click to view >>> new credit data)   According to the China Securities journal sources, as of April 25, built four major State-owned bank in April in the workers ‘ and peasants ‘ new credit is only $ 101.7 billion, lending more obvious slowdown in March. Collective brain drain in bank deposits, before April two renminbi deposits lost more than $ 1 [...]

Agricultural input VAT deductions approved in July this year a pilot

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  Approved by the State Council, Ministry of finance, the State administration of taxation decided that with effect from July 1 this year in some industries produce input VAT deductions approved pilot involved buy farm products as raw materials to produce and sell liquid milk and dairy products, vegetable oils, wine and alcohol industry.   According to Xinhua, analysts say, as the adjustment and perfection of agricultural products in China VAT deduction mechanism an important initiative, the pilot is to explore the improvement of production and circulation of agricultural products value-added tax credit mechanism of important steps, will help to solve the [...]