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COMBINED lending by all lenders nationwide last month will not exceed June's total even though the "big four" state-owned banks loaned more money in July to spur economic growth.

The four lenders - the Industrial and Commercial Bank of China, China Construction Bank, the Bank of China and the Agricultural Bank of China - extended 220 billion yuan (US$34.5 billion) of new loans last month, up 3
CHINA'S solar equipment manufacturers are warning of a trade war and urging the government to start talks with the European Union after European competitors filed an anti-dumping complaint about Chinese products.

On Wednesday, European solar companies led by Germany's SolarWorld asked the EU to investigate allegations that Chinese companies had been selling products at below market price in Eu
EUROPE is on the brink again. The crisis over too much debt in the 17 countries that use the euro flared dangerously yesterday.

Fears that Spain was next in line for a full-blown government bailout intensified following a weekend of bad news about Europe's fourth-biggest economy.

Madrid's borrowing costs on its 10-year bonds? an indicator of market confidence in a country's ability to manag
CHINA'S employment situation "will become more complex and severe," Premier Wen Jiabao said yesterday, as he promised to generate jobs.

The government will help small and medium enterprises that employ more than 80 percent of the nation's workforce, he said.

The premier made the remarks at a meeting in Beijing's Great Hall of the People honoring organizations and individuals for their contr
China's economy reported 7.6 percent of growth in the second quarter, the lowest since the first quarter of 2009 when the global financial crisis was rampant, amid concerns about the slow-down of the second-largest in the world and the strongest one in the major economies.

The National Bureau of Statistics said on Friday that in the first half, the country's economy grew by 7.8 percent to 22.7
CHINA'S Consumer Price Index, the main gauge of inflation, expanded 2.2 percent from a year earlier in June, the slowest pace in the past 29 months.

It compared with a 3 percent growth in May and the growth pace of CPI has slowed for a third consecutive month since April, the National Bureau of Statistics said on its website today.

Food costs, which make up nearly one third in the basket, i
The BRICS countries said on Monday that they're considering setting up a foreign-exchange reserve pool and a currency-swap arrangement as financial problems threaten to spread across the global economy.

Leaders of the five-member group —Brazil, Russia, India, China and South Africa — also said BRICS is "willing to make a contribution" to increase the International Monetary Fund's ability to re
China announced Monday that it will contribute $43 billion to the latest round of the $430 billion resources increase to the IMF.

Analysts said the increase, together with commitments made by other G20 members, will enhance IMF's crisis-tackling ability, and increase the voice of the emerging economies in this global financial institution.

Chinese President Hu Jintao addressed the first ses




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