China Expected to Export 50 Pct Fewer Steel Billets Next Year
Higher production cost will lower China's export of steel billets by at least 50 percent in 2008, said Qi Xiangdong, vice secretary general of the China Iron and Steel Association. Speaking at the third Forum on Bohai Bay Iron and Steel Market Wednesday, Qi predicted that steel products will also dr...
+ MoreEconomy to grow 11.6%, CPI seen at 4.5%
BEIJING, Dec. 04 -- China's gross domestic product (GDP) growth is expected to be close to 11 percent next year but inflation will remain a major concern, said a top Chinese think tank. The economy will grow by 11.6 percent this year, the fifth consecutive year for the count...
+ MoreHeavy-duty truck market boom
In the first nine months of the year, China produced a total of 1,636,100 trucks, an increase of 27.82 percent from the same period of last year, and sold a total 1,622,200, up 27.49 percent, according to the statistics from the China Association of Automobile Manufacturers. Impacted by new highway...
+ MoreChina to produce 490m tons crude steel this year
Chinese crude steel output is estimated to hit 490 million tons this year, 16 percent higher than the figure last year, said Luo Bingsheng, deputy head of the China Iron and Steel Association on Saturday. Although steel output has been pushed up by both overseas and domestic demand, government macro...
+ MorePremier Wen : China aims at overall trade balance
China is not intentionally pursuing a trade surplus but is aiming for an overall balance of trade, Chinese Premier Wen Jiabao on Wednesday told a China-EU Business Summit."We have, and will continue to put in place, measures aimed at expanding imports and promoting a more balanced bilateral trade," ...
+ MoreVice premier Wu: China to boost IPR protection
China will take further actions to boost intellectual property rights (IPR) protection and improve the business climate, Vice Premier Wu Yi said on Friday. Addressing the 2007 Government Appreciation Dinner here, hosted by the American Chamber of Commerce, Wu said China would step up efforts to buil...
+ MoreChina to have 12,000 km of express rail lines by 2020
BEIJING, Nov. 18 (Xinhua) -- China has started construction on 16 new express passenger rail projects and is expected to have 12,000 kilometers of express rail lines by 2020, the Ministry of Railways said Sunday. New express rail lines w...
+ MoreChina trade surplus rises 13.5% in Oct
China's wholesale food prices rose 8.6% in October, the highest monthly growth rate so far this year, according to statistics released by the National Bureau of Statistics on Monday.According to the NBS statement, the producer price index (PPI), a measure of inflation at the wholesale level, rose 3....
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