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  • August 22, 2014
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  1. 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 ...

  2. 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 ...

  3. Premier to lower target for economic growth

    Posted Mar 05th 2008, 12:00am by Cary Huang

    ... Cary Huang in Beijing Wen to indicate easing policy in work report Premier Wen Jiabao will indicate a relaxation of government policy today when he sets a much slower growth target and forecasts much higher inflation this year amid increasing uncertainties in the global and domestic economies. In his government work report, to be delivered at today's first plenary session ...

  4. Mainland's trade surplus tipped to rise 42pc

    Posted May 03rd 2007, 12:00am by Cary Huang

    ... Following a rise to a record high last year, the mainland's trade surplus is expected to surge further this year, with a 42.8 per cent increase on 2006, forecasters say. If realised, the prediction would take the surplus past US$250 billion, 2? times ...

  5. Exchange rate stability urged to halt 'hot money'

    Posted Feb 01st 2007, 12:00am by Cary Huang

    ... Call for a gradual appreciation of the yuan contrasts with current policy Beijing should act to stabilise the exchange rate instead of allowing the yuan to appreciate rapidly, a leading think-tank has said in a rare view that appears to question the curre ...

  6. Economists sceptical of 9pc growth target for Guangdong

    Posted Dec 23rd 2006, 12:00am by Staff Reporter

    ... Kevin Huang They say lower predicted GDP figure is just window dressing Guangdong officials say they hope to keep the province's gross domestic product growth at 9 per cent next year, but local economists say they are paying lip service to state efforts to slow the mainland's economy. Provincial Governor Huang Huahua revealed the 9 per cent target on Thursday during ...

  7. Shift to consumption failing to catch on

    Posted Mar 17th 2006, 12:00am by Cary Huang

    ... Cary Huang in Beijing Capital spending continues to drive growth, with fixed-asset investment up 26pc Fixed-asset investment grew 26.6 per cent on the mainland in January and February, suggesting that robust growth continues to be driven by capital spending, defying Beijing's policy shift towards a consumption-driven economy. The strong growth, which outpaced the 24.2 per cent ...

  8. 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. ...

  9. Wen urges services sector to prepare for competition

    Posted May 29th 2012, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com Premier Wen Jiabao has urged the services sector to restructure and prepare for increasing competition as it is opened up to global suppliers. Speaking at the opening ceremony of the first Beijing International Fair for Trade in Services yesterday, Wen said China would allow local companies to source their software, information, ...

  10. Inflation rise hits hopes for monetary boost

    Posted Apr 10th 2012, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com Mainland inflation rose higher than market expectations last month due to food price increases, reducing expectations that Beijing will ease monetary policy to bolster economic growth. The growth in the mainland's consumer price index (CPI) in the year to March reached 3.6 per cent, up from February's 3.2 per cent ...




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