BEIJING, Jan. 14 (Xinhua) -- Housing prices in China's 70 large and medium-sized cities rose 7.8 percent in December 2009 from a year earlier, and were up 1.5 percent compared to the previous month, said the National Bureau of Statistics (NBS) on Thursday.
The property price increase stood at 5.7 percent in November year-on-year.
Prices of new houses in December rose 9.1 percent from the same month last year, and were up 1.9 percent from November.
In December, prices of second-hand houses in the 70 main cities rose 6.8 percent from the previous year, and 1.0 percent from the previous month.
China might become top world exporter, but weakness remains
BEIJING, Jan. 10 (Xinhua) -- China will probably overtake Germany to become the world's largest exporter though its exports in 2009 had fallen 16 percent from a year earlier, according to figures released Sunday by the General Administration of Customs (GAC).
But Chinese experts and officials said the country was far from being a real trade power if measured by exports structure, technological innovation and industry competitiveness. Full story
China rolls out fresh measures for property market amid rising house prices
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A customer checking out a model of a real estate project in Shenzhen, Guangdong province. Property prices in China's 70 major cities rose at the fastest pace in 16 months in November. (China Daily/Qiu Daocen)
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BEIJING, Jan. 10 (Xinhua) -- The General Office of the State Council, China's cabinet, Sunday issued a notice that required central governmental departments and local governments to strengthen management, stabilize market expectations and facilitate stable and sound development of the real estate market.
"With the recovery of the real estate market, such problems as excessively rising house prices have recently emerged in some cities, which call for great attention," said the notice. Full story
China's 2009 foreign trade falls 13.9% to $2.21 trln with surplus at $196.1 bln
BEIJING, Jan. 10 (Xinhua) -- China's foreign trade in 2009 dropped 13.9 percent from a year earlier to 2.21 trillion U.S. dollars and its trade surplus last year slid 34.2 percent year on year to 196.1 billion U.S. dollars, according to figures released Sunday by the General Administration of Customs (GAC).
In breakdown, China's exports in 2009 stood at 1.2 trillion U.S. dollars, down 16 percent from in 2008, and imports reached 1.01 trillion U.S. dollars, down 11.2 percent from a year earlier, said the GAC. Full story
China's 2009 fiscal revenue expected to surpass $1 trillion: Minister
BEIJING, Jan. 10 (Xinhua) -- China's 2009 fiscal revenue was estimated at 6.85 trillion yuan (just over 1 trillion U.S. dollars), an increase of 11.7 percent over a year earlier, Finance Minister Xie Xuren said here Sunday.
Xie also said the budget of public investment in 2010 from the central government was likely to stand at 992.7 billion yuan, up 572.2 billion yuan from the 2008 budget. Full story
China gives nod to index futures, margin trading
BEIJING, Jan. 8 (Xinhua) -- China's securities regulator said Friday the State Council had approved "in principle" the launch of index futures and given it the green light to pilot the margin trading business.
Its introduction was aimed to boost the stable and healthy development of the capital market, said an official with the China Securities Regulatory Commission (CSRC). The move came after the benchmark Shanghai Composite Index surged 80 percent in 2009 after tumbling 65 percent in 2008. Full story
China's business climate index up in fourth quarter
BEIJING, Jan. 8 (Xinhua) -- China's business climate index, a major measurement of macro-economic outlook, rose 6.2 points in the fourth quarter from the previous quarter, the National Bureau of Statistics (NBS) said Friday.
The quarterly business climate index climbed from 124.4 in the third quarter to 130.6 in the fourth quarter, the NBS said. Full story
China moves to rein in irrational gov't investment
BEIJING, Jan. 7 (Xinhua) -- China publicized draft regulations for government investment Thursday to solicit public opinions, a move expected to better regulate investment and improve investment efficiency.
To shun from extravagant government buildings or projects simply built to boost image, the draft stipulates the government should mainly use its funds on projects related to the nation's security or those that can not pool resources efficiently only by exerting market forces, according to the State Council's Legislative Affairs Office. Full story
China's central bank governor reaffirms moderately loose monetary policy for 2010
BEIJING, Dec. 31 (Xinhua) -- Zhou Xiaochuan, governor with the People's Bank of China, or the central bank, reiterated Thursday that the bank will maintain the moderately loose monetary policy in 2010 and improve the focus and flexibility of the policy according to circumstances.
More credit support should go to promoting employment, strategic emerging industries, and industry transfer, Zhou said in a New Year Address to the People's Bank of China. Full story
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