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  1. Vice-minister rules out inflation threat

    Posted Dec 27th 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing A senior Communist Party official has ruled out the possibility of the mainland's rising food prices spilling to other sectors and leading to broader inflation. Zheng Xinli , vice-minister in charge of the ruling party's Central Policy Research Office, said the government's efforts to address the politically sensitive issue would start to take ...

  2. Media restrictions may stay off after Olympics

    Posted Dec 28th 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing The mainland's top government spokesman dropped the strongest hint yet yesterday that relaxed restrictions on foreign journalists coming to Beijing for the Olympics in August could be extended beyond the end of the Games. Cai Wu , director of the State Council's Information Office, said the military was also becoming more transparent by setting ...

  3. Capital targets unregistered non-residents

    Posted Jan 01st 2008, 12:00am by Cary Huang

    ... Cary Huang in Beijing Beijing police have launched a campaign to get all non-residents to register with public security authorities in an effort to tighten the grip on the floating population before next summer's Olympic Games, sources say. Under the measure, non-residents staying in the capital for more than 24 hours must register at the police station in the jurisdiction ...

  4. China's thirst for energy no threat: Beijing

    Posted Dec 27th 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing White paper stresses reliance on domestic power resources China poses no threat to global energy supplies because it will continue to rely on its big coal and natural gas reserves, develop alternative sources of energy and improve efficiency, Beijing's first white paper on energy says. Although the mainland's energy consumption is growing rapidly, ...

  5. Central bank to break out weapons to cool economy

    Posted Dec 22nd 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing Authority to tighten monetary policy to curb inflation The central bank said yesterday it would use various tools to implement a tighter monetary policy, a day after it raised interest rates. In a statement following its fourth-quarter monetary policy meeting, the People's Bank of China also said it would curb overly rapid credit growth and strengthen ...

  6. PBOC raises rates for sixth time this year

    Posted Dec 21st 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing The central bank raised benchmark one-year deposit and lending rates for the sixth time this year yesterday in the latest in a series of tightening measures to curb surging inflation and prevent the economy overheating. The People's Bank of China ordered commercial banks to increase their one-year deposit rates by 0.27 of a percentage point, to 4.14 per ...

  7. Beijing gets tougher on overheating

    Posted Dec 06th 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing and Daniel Ren in Shanghai Policymakers shift from prudent to tight fiscal stance to rein in growth and curb inflation Beijing yesterday signalled a tougher stance ... cent to 29,345.45 points. 'The new policy reflects policymakers' concerns over the risk of economic overheating and inflation,' said Huang Yiping, the chief Asian economist ...

  8. Boom ... and gloom

    Posted Dec 24th 2007, 12:00am by Cary Huang

    ... The mainland's double-digit growth has analysts sounding a note of caution, writes Cary Huang Social harmony may have been one of the catch cries for President Hu Jintao since he took power five years ago, but the past 12 months have seen anything but consensus between Beijing's chief economic policymakers. Rather than 2007 being a testimony to the leader's favoured ...

  9. Soaring prices prompt Beijing to continue tightening measures

    Posted Dec 11th 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing Surging crude and food prices last month drove up the mainland's producer inflation in its largest increase in more than two years, while money supply grew faster than expected, prompting Beijing to continue with tightening measures to curb economic overheating. The producer price index jumped to 4.6 per cent last month from 3.2 per cent in October, ...

  10. Warning over global risk of sharp rise in yuan

    Posted Dec 13th 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing A sharp appreciation in the yuan would harm the world economy, and Beijing supported a stronger US dollar, an incoming commerce boss has said. Chen Deming, who was recently appointed Vice-Minister of Commerce and is expected to become minister in March, said Beijing was not opposing a gradual adjustment of its currency but that it had to be done with caution. ...




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