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  • China reports $35.5b of hot money inflow in 2010

    2011-02-17 17:36

    China's State Administration of Foreign Exchange (SAFE) announced Thursday that $35.5 billion of hot money flowed into the country in 2010, accounting for 7.6 percent of the increase in its foreign reserves for that year.

  • M&As of listed companies hit 989b yuan in 2006-2010

    2011-02-17 16:54

    The capital market played an increasingly important role in mergers and acquisitions (M&As) of China's listed companies in the past five years.

  • Shanghai targets 70% growth in tourism revenues

    2011-02-17 10:59

    Shanghai has set a growth target of 70 percent in tourism revenues over the next five years to 2015, local authorities said on Wednesday.

  • CDB outstanding forex loans hit $141.3b

    2011-02-16 14:52

    China Development Bank said Wednesday its outstanding foreign-exchange loans totaled $141.3 billion at the end of last year.

  • Chinese send 26b SMS during Spring Festival

    2011-02-16 14:14

    New Year greetings using mobile phone messages remained popular in China this year as Chinese mobile phone users sent 26 billion messages during the seven-day Spring Festival holiday ending on February 8, the country's top industrial regulator said Tuesday.

  • Oil rises on US demand

    2011-02-17 13:45

    Oil gained for the first time in four days in New York as signs of shrinking stockpiles in the United States stoked speculation that demand is recovering in the world's biggest crude consumer.

  • Chery generates record sales in January

    2011-02-16 14:06

    Chery Automobile, China's largest automobile exporter, said Tuesday its global monthly sales reached a record high of 86,299 vehicles, an increase of 17.52 percent over the same month last year.

  • China's yuan hits new high against dollar

    2011-02-16 13:22

    The Chinese currency, or the yuan, on Wednesday gained 74 basis points to 6.5855 per US dollar, according to the China Foreign Exchange Trading System.

  • Farm produce prices slightly down last week

    2011-02-16 10:49

    In the week ending February 13, farm produce prices in China declined slightly for the first time this year, the Ministry of Commerce (MOC) said in a report released on Tuesday.

  • Shanghai offshore investment hits $2.42b

    2011-02-16 10:16

    Shanghai-based Chinese companies made a combined investment of $2.42 billion abroad in 2010, up 57 percent from the previous year.

  • New yuan-denominated lending stood at 1.04t in Jan

    2011-02-15 14:41

    The People's Bank of China (PBOC), the country's central bank, said Tuesday that new yuan-denominated loans stood at 1.04 trillion yuan ($157.7 billion) in January.

  • Import price of soybeans rises

    2011-02-15 11:02

    China's import price for soybeans rose by 20.4 percent year-on-year to $558 a ton in January.

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