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  • October 23, 2014
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  1. Wen warns of threat from global economic slowdown

    Posted Mar 06th 2008, 12:00am by Cary Huang

    ... Cary Huang in Beijing Premier Wen Jiabao warned yesterday that the mainland should prepare to deal with increasing external challenges from a global slowdown. 'China is now at a critical period in its reform and development, and we must be fully prepared for changes in the international environment and become better able to defuse risks,' Mr Wen said. He devoted ...

  2. Fighting inflation the top priority, says Wen

    Posted Mar 06th 2008, 12:00am by Cary Huang

    ... Cary Huang in Beijing Premier signals price curbs and steps to boost food supply Premier Wen Jiabao has called for stern measures to tame soaring inflation and pledged to take steps to help citizens hit by the rising prices of food and daily necessities. In his government work report, delivered to the annual National People's Congress session which opened in Beijing ...

  3. Premier assures markets over foreign reserves

    Posted Mar 17th 2007, 12:00am by Cary Huang

    ... China's plan to diversify the investment of its more than US$1 trillion in foreign exchange reserves would not affect US dollar-denominated assets, Premier Wen Jiabao assured world investors yesterday. In a news conference at the end of the annual se ...

  4. Beijing to act on risk to financial markets

    Posted Mar 05th 2007, 12:00am by Cary Huang

    ... Wen to outline strategy days after the tumbles in Shanghai and Shenzhen The central government will take action to prevent the mainland financial markets becoming too risky and will continue with macroeconomic controls, Premier Wen Jiabao will pledge toda ...

  5. Growth in producer prices accelerates to 2.4pc

    Posted Jun 10th 2006, 12:00am by Cary Huang

    ... Cary Huang Growth of China's producer prices picked up last month from the two-year low recorded for April, according to data released by the National Bureau of Statistics yesterday. The producer price index, a leading inflation indicator, rose 2.4 per cent last month from a year earlier, after climbing 1.9 per cent in April, as rising capital spending pushed raw material ...

  6. Beijing to open door to private capital

    Posted Feb 16th 2012, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com The mainland will take bolder steps to reform its quasi-socialist economic system by introducing private capital into industries that have long been monopolised by state firms. The government will push ahead with fiscal and financial reforms, including to the value-added and resource taxes, the State Council said in a statement ...

  7. Mixed picture on accuracy of China's economic data

    Posted Jul 02nd 2012, 12:00am

    ... to the central government via an automated computing system,' Zhu said. Barclays Capital economist Huang Yiping said the brokerage's economists recently visited Beijing and talked to various ... ahead,' Huang said. He said the official data tended to smooth out fluctuations in growth - underestimating growth when the economy was booming but overestimating it when the economy was weak. ...

  8. Loan lift for first-time buyers

    Posted Mar 03rd 2012, 12:00am

    ... by modestly adjusting credit policy, he said. Huang Wenzhai, chairman of the mainland developer Star River Property Holding, told reporters in Guangzhou that developers generally had been suffering ... compared to last year, the Guangzhou Daily quoted Huang as saying. Huang expected home prices would fall 15 per cent this year. House prices in 47 out of 70 surveyed cities fell in January, while ...

  9. Record crop yields likely to stem food inflation

    Posted Dec 03rd 2011, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com The mainland's grain output rose 4.5 per cent this year to a record 571.21 million tonnes, with corn output beating expectations, the National Bureau of Statistics said. The bumper harvest will help ease inflation after record corn prices drove pork and egg costs to new highs. It marks the eighth consecutive year of growth ...

  10. Ample room for cuts to reserve ratio, says Zhou

    Posted Mar 13th 2012, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com People's Bank of China governor Zhou Xiaochuan says there is 'ample room' for further cuts to the reserve requirement ratio of the country's major lenders. But he stressed that any such action would be more about the central bank's management of liquidity than monetary easing. However, Zhou's comments reinforced ...




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