BEIJING, Nov. 11 (Xinhua) -- China's consumer price
index (CPI), the main gauge of inflation, rose 4 percent in October from a year
earlier, the National Bureau of Statistics said on Tuesday.
The figure, compared with 4.6 percent in September,
4.9 percent in August, 6.3 percent in July, 7.1 percent in June, and a nearly
12-year-high of 8.7 percent in February, was broadly in line with most
forecasts.
China plans 10 major steps to spark
growth as fiscal, monetary policies ease
BEIJING, Nov. 9 (Xinhua) -- China will take 10 major steps
to stimulate domestic consumption and growth as it turns to an "active" fiscal
policy and "moderately easy" monetary policy, an executive meeting of the State
Council said on Sunday. Full story
China's 4 trillion yuan stimulus to
boost economy, domestic demand
BEIJING, Nov. 9 (Xinhua) -- China said on Sunday it will
loosen credit conditions, cut taxes and embark on a massive infrastructure
spending program in a wide-ranging effort to offset adverse global economic
conditions by boosting domestic demand.
This is a shift long advocated by analysts of the Chinese
economy and by some within the government. It comes amid indications that
economic growth, exports and various industries are slowing. Full story
China adopts "active" fiscal,
"moderately easy" monetary policies to boost economy
BEIJING, Nov. 9 (Xinhua) -- China has decided to adopt
active fiscal policy and moderately easy monetary policies to boost fast but
steady economic growth by expanding domestic demand, according to an executive
meeting of the State Council on Sunday.
It is estimated that investment into infrastructure,
social welfare and other key sectors will amount to four trillion yuan by the
end of 2010. Full story
China's VAT reform to shed corporate
tax burden by 120 bln yuan
BEIJING, Nov. 9 (Xinhua)-- China announced on Sunday it
would spread a reform of its value-added tax regime to all industries
nationwide, which could cut the tax burden on enterprises by 120 billion yuan
(about 17.6 billion U.S. dollars).
The reform would help encourage technological upgrading at
Chinese companies, said an executive meeting of the State Council, which also
put forward a stimulus package of 4 trillion yuan to be spent by the end of 2010
to expand domestic demand. Full story
China PPI falls to 6.6 % in October
BEIJING, Nov. 10 (Xinhua) -- China's producer price index (PPI), rose at a slower annual rate of 6.6 percent in October, the National Bureau of Statistics (NBS) announced on Monday.
The rise in factory gate prices was down from 9.1 percent in September and the 12-year high of 10.1 percent in August. Full story
