Published News » Economy

China's foreign trade volume is expected to leap to 5.3 trillion U.S. dollars in 2020, Li Gang, researcher with Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce, said Sunday.

Li made the remakes at the ongoing 107th China Import and Export Fair, the country's largest trade fair, in the southern city of Guangzhou.
China's top legislator Wu Bangguo has urged Jilin Province in northeast China, traditionally a heavy-industry center, to speed up transformation of its development pattern.

Wu, Chairman of the Standing Committee of the National People's Congress (NPC), visited car and train producers and petrochemical factories during his five-day visit to Jilin that finished Friday.
Shenzhen is fast becoming an economic powerhouse and is set to overtake Hong Kong in five to 10 years, one official from Shenzhen said.

"Thirty years ago, Shenzhen's total economic output was only 0.3 percent of Hong Kong's, but now the proportion is 57 percent and in the next 5 to 10 years, Shenzhen will catch up with Hong Kong," deputy mayor of Shenzhen Tang Jie said on April 13, 2010.
China's fiscal revenue rose 34 percent year on year to 1.96 trillion yuan (287 billion U.S. dollars) in the first quarter, boosted by rising tax revenues, the Ministry of Finance (MOF) announced Thursday.

The rise was also a result of a lower comparison base for the same period last year, said the MOF in a statement posted on its website.
Luyuan district in Chang-chun, capital of Jilin, is dedicated to improving the livelihoods of its residents with a range of services and initiatives.

During the session of the General Assembly of the CPC in 2007, officials decided that more must be done to improve livelihoods and social development.
In a bid to raise living standards in the province, the CPC Jilin Provincial Committee has concentrated on improving areas that are most important to people such as employment, schooling, housing, healthcare and social security.

Since 2007 the government has implemented a program, which highlights the top eight most pressing livelihood issues each year.
A survey on the first-quarter index of consumer sentiment (ICS) for the Chinese mainland, Hong Kong, Macau and Taiwan was released by the Macau University of Science and Technology on April 12. The survey indicates that the first-quarter ICS for the afore-mentioned regions stood at 92.3, 88.1, 82.8 and 72.1 respectively.

Judging from the ICS trend over the past year, the ICS for the Chinese ma
The producer price index (PPI), a major measure of inflation at the wholesale level, rose 5.9 percent in March from a year earlier, the National Bureau of Statistics (NBS) announced here Thursday.

China's PPI went up 5.2 percent year on year in the first quarter, said the NBS.

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