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Move sets good example in era of protectionism, WTO official says

China's decision to cut import tariffs, against the backdrop of lurking protectionism in "too many" countries, has been hailed by the World Trade Organization.

"At a time when too many governments are reverting to trade restrictive measures, news of China's market-opening initiative is most welcome," WTO spokesman Keith Rockw
China's manufacturing activities rebounded to a year high in March, signaling a steady economic expansion aided by warming market demand, according to the official Purchasing Managers' Index released on Sunday.

However, the sudden rise in March didn't erase economists' worries about the economy, as they believe there is still space for easing monetary policy to support industrial businesses de
1st time monthly inflation rate has fallen below 4% since October 2010

A fall in the rate of inflation in February has put an end to the "negative deposit rate" and will allow room for more measures to restore growth. However, massive policy easing may not be on the cards, as long-term pressures remain, said economists.

China's consumer price index, a main gauge of inflation, rose 3.2 perc
MANUFACTURING activities in China's state-owned enterprises continued to expand in January while the private sector reported shrinking activities, according to two separate surveys released today.

Their results, however, pointed to a stabilizing trend in the world's second-largest economy which remained a star performer last month amid slow economic growth worldwide, analysts said.

The offi
Fast forward to 2012 and business and economic leaders gathering in Davos have a more sober take on the Asian juggernaut, now seen as a source of hope and opportunity but also possible unpleasant surprises.The world's second-largest economy is still expected to grow this year at a pace that would make most of the world jealous, but concern that China may mismanage a soft landing gets mentioned in
CHINA'S gross domestic product grew an annual 9.2 percent last year, moderating from the 10.3 percent in 2010, the National Bureau of Statistics said on its website today.

China's GDP totaled 47.16 trillion yuan...
CHINA'S export growth slowed in December, reflecting weakening global demand amid euro zone woes.

Overseas shipments rose 13.4 percent from a year ago, slowing down from a 13.8 percent increase in November, the...
About 120,000 Shanghai-registered service companies will switch from business tax to VAT next year, of which 85,000 are small taxpayers whose annual revenue is below 5 million yuan, the Shanghai Taxation Bureau said in a press conference this morning.




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