National Energy Program

Mainland factories see less profits for 4th month

The mainland's industrial sector last month recorded its fourth year-on-year profit decline in five months, underlining the impact of the economic slowdown on manufacturers.

Saturday, 30 June, 2012, 12:00am

Industrial profits in first fall since 2009

The mainland's industrial sector saw profits fall in the first two months of the year, marking its worst performance since the world's second-biggest economy was still feeling the impact of the global financial crisis.

28 Mar 2012 - 12:00am

Inflation at three-year high due to rent, food

Inflation in the city is running at a three-year high of 5.6 per cent, with little sign of it falling any time soon, according to the experts.

The Census and Statistics Department figure for June, announced yesterday, was up from 5.2 per cent in May.

22 Jul 2011 - 12:00am

Inflation slows to 1pc; underlying rate flat

Consumers paid 1 per cent more on average for goods and services last month than they did a year ago, the consumer price index shows.

However, if the effects of one-off government relief measures are excluded, prices were virtually flat.

24 Feb 2010 - 12:00am

Official think-tank keeps rosy forecast

The fundamentals of China's economy are unscathed by the financial meltdown sweeping the world and the mainland would see relatively stable and fast growth next year, the government's top think-tank said.

11 Oct 2008 - 12:00am

State firms find convenient scapegoat for sorry results

'Profits and profit margins have dropped because of raw material and fuel cost increases.'

This is the line you have been hearing in the past one month as mainland corporations announced their earning results.

19 Apr 2008 - 12:00am

Mainland up to the challenges

The world's fourth-largest economy is going from strength to strength. The Post looks at how it is positioned to welcome the new year

1 Jan 2008 - 12:00am

Higher windfall tax eyed amid oil crunch

Beijing may have to raise levy on crude producers to increase subsidies for refiners

Beijing has warned high oil prices are making a major impact on the economy in the form of fuel supply shortages, and analysts say it may need to raise the windfall tax on oil producers so it can pay more subsidies to refiners and ask them to raise fuel output.

7 Dec 2007 - 12:00am

Beijing and provinces still playing old numbers game

Last year was a banner year for provincial governors in the mainland. Not one of them suffered the ignominy of having to report to Beijing that his province had posted a lower economic growth rate than the national average.

13 Jun 2007 - 12:00am

Consumer prices rise 2.4pc on rent waiver

Consumer prices rose 2.4 per cent year on year last month, compared with February's 0.8 per cent and January's 2 per cent, the government said.

The fluctuations over the first quarter are a result of the waiver of public housing rents by the Housing Authority and Housing Society for February.

A government spokesman said inflation remained moderate last month.

24 Apr 2007 - 12:00am

Costs, levy to weigh on PetroChina earnings

Analysts expect oil and gas giant to post slower 14.2pc growth in 2006 net profit

PetroChina is expected to have maintained its status as Asia's most profitable company last year despite a slower profit growth than in 2005 due to sharply higher production costs and the government's imposition of a special levy on oil revenues.

19 Mar 2007 - 12:00am

Reforms loom for resources pricing

The mainland's heavy reliance on cheap energy, minerals and land was set to change with steady reforms to resource pricing, a top planner said yesterday, signalling price rises in the next few years.

8 Mar 2007 - 12:00am

Economists agree rate of GDP growth will slow

Leading economists agree with the central government that the pace of output growth will slow in the second half of the year.

They are tipping full-year gross domestic product growth of 8 per cent, implying a sharp slowing from the 9.5 per cent recorded in the first half of the year.

10 Sep 2005 - 12:00am

Oil refiners suffer first-half losses of up to 6b yuan

Sector bears the brunt as sluggish rise in official prices lags crude cost increases

Squeezed by government price controls, China's oil refining industry suffered an aggregate loss of four to six billion yuan in the first half of the year, according to government and industry figures.

6 Aug 2005 - 12:00am

Housing booms in Canada's red-hot oil town

As Canada's real estate boom continues unabated, Fort McMurray, the epicentre of Alberta's oil boom, has become the hottest housing market in the country.

With reserves second only to Saudi Arabia and an estimated tripling of the output to 3 million barrels a day by 2015, the oil sands bonanza in northern Alberta has triggered a massive influx of people.

3 Aug 2005 - 12:00am