China maintains a rapid and healthy economic growth, as its 2010 gross domestic product grew 10.3 percent, although Beijing is facing a mounting challenge to rein in inflation this year.
China's GDP growth is forecasted to be 8.7 percent for 2011, a slow down from 10 percent forecast annual growth last year, but inflation remains the biggest challenge for China's economy in the months to come.
China's consumer price index (CPI) inflation is likely to rise to 4.0 percent for 2011 from 3.3 percent last year, which is to peak in January at as high as 6.0 percent.
Tight macroeconomic policies would not be effective in fighting the cost-push inflation that challenges China, warned Li Yining, a leading Chinese economist with Peking University.
China's soaring property prices will hinder the country's urbanization and also exacerbate the income distribution gap, Li Daokui, an adviser at the People's Bank of China, said on Tuesday at a financial forum in Beijing.
China is pinning hopes on its affordable housing programs to cool its red-hot property market after the government moved to crack down on market speculation during the past year.
China's banking regulator on Wednesday urged banks to increase lending to affordable housing projects in 2010 in hopes of curbing runaway property prices.
Chinese land resource watchdog found 24.1 billion yuan ($3.6 billion) land transfer fees were unpaid in 58 cities for the period of 2007-2009, China National Radio reported Monday, citing an official.
The nation's central bank, is reported to have cut its 2011 lending target for banks by 10 percent from last year in a bid to slow free-wheeling lending and tame inflation.
Beijing is serious with its efforts to tame inflation, as the central bank raised the banks' reserve requirement ratios unexpectedly on Friday for the fourth time in 70 days. Analysts suggest there will be more tightening measures in the first quarter.
Work on the country's first power plant using thin-film solar photovoltaic (PV) modules will begin this year, amid prospects for a brighter future if the long-awaited price-setting mechanism for solar power is put in place, analysts said Thursday.
China's outbound direct investment in the non-financial sector hit 59 billion U.S. dollars last year, up 36.3 percent year on year, the Ministry of Commerce (MOC) announced Tuesday.
Chinese President Hu Jintao urged an end to a "zero sum" Cold War relationship with the United States and proposed new cooperation, but resisted US arguments about why China should let its currency strengthen.
U.S. Chamber of Commerce welcomed the 45-billion-dollar export deals reached by two nations on Wednesday during President Hu Jintao's state visit to the United States.
As the United States struggles to shake off the shadow of the financial crisis, many US companies are increasing their investments in China -- betting that the country will continue to deliver high growth for years to come.
China's foreign trade is projected to grow between 20 and 25 percent this year, according to a report released by the China Institute for WTO Studies on Monday.
The first month of direct trading of the Chinese yuan and Russian ruble has been a good start, with stable demand for the Chinese currency, a senior official at the Moscow International Currency Exchange (MICEX), said Saturday.
