The monthly power consumption quota for each home will be set by local governments, as the central government will not give a uniform standard, Cao Changqing, head of the National Development and Reform Commission (NDRC)'s department of price said.
This year, China's fourth-quarter GDP growth is expected to surpass 10% and the annual GDP growth will reach 8.5% or so, Yu Bin, Director General of the Department of Macroeconomic Research at Development Research Centre of the State Council (DRC) said on November 21. He also added that China's macro economy should adopt "double stable" policy which means to maintain stable economic growth and stable price level next year.
Economic restructuring is China's strategic task and the fundamental way to solve the growing trade frictions challenging China, Sang Baichuan, a researcher form Beijing-based University of International Business and Economics told the People's Daily.
Fei Manqing realized early that a partnership with a leading global brand can be a shortcut for Chinese small business owners. Fei also entered a market that is attracting many leading multinational companies - China's booming automotive aftermarket sector.
Haitong (HK) Financial Holdings Ltd., a subsidiary of Haitong Securities, has bought 52.86 percent of Hong Kong-based Taifook Securities.
China's fiscal revenue for October reached 684.49 billion yuan (about 100 billion U.S. dollars), the Ministry of Finance announced Friday.
Nobel economics laureate Paul Krugman's recent push for a stronger Chinese currency "was wrong," and such a move currently does no good to the U.S. and Chinese economies, a U.S. expert said recently in an article on Forbes' website.
SpecialVideo & Chats
| Currencies | Buying Rate | Middle Rate |
|---|---|---|
| USD | 681.38 | 682.78 |
| EUR | 1010.3 | 1019.56 |
| GBP | 1121.25 | 1138.06 |
| JPY | 7.6467 | 7.6695 |
| HKD | 87.92 | 88.1 |
XinhuaChina Daily Global Times CCTV china.org.cn CRI Eastday Beijing Review China PictorialChina TodayChina Travel
