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Manufacturing index declines amid fears over economic growthThe purchasing managers' index (PMI), a key gauge of manufacturing activity, hit a nine-month low in May, sparking fears that ongoing monetary tightening measures may slow economic growth.
Lin Yibai, a 27-year-old Shanghai resident, frowns at the steamed buns in a fast food store adjacent to his workplace.Every morning he buys two buns, which costs three yuan (46 cents) for breakfast. But, from this year onwards, he has to buy four.
Two of China's largest companies have apparently asked the government to temporarily lower or withdraw its levy on fuel oil consumption.The Economic Observer Weekly newspaper reported that the State-owned oil and gas giants China Petrochemical Corporation (Sinopec Group) and China National Petroleum Corporation (CNPC) have asked for temporary respite as they battle rising oil prices.
Chinese economy expands 9.7 percent in first quarter 2011.China's economy expanded 9.7 percent in first quarter 2011 from a year earlier, and 2.1 percent from the previous quarter to 9,631.1 billion yuan (,459.3 billion), the National Bureau of Statistics (NBS) said Friday."The national economy had a good beginning with steady and relatively fast growth," said Sheng Laiyun, spokesman of the NBS.I
China is closing in on having 1 million millionaires.According to an annual wealth report released on Tuesday, the mainland has 960,000 millionaires with personal wealth of 10 million yuan (.5 million) or more.That is up 9.7 percent year-on-year, said the GroupM Knowledge - Hurun Wealth Report 2011.
The growth in exports and imports may provide another tool to curb price riseChina's faster-than-expected growth in exports and imports last month may allow the government to strengthen its fight against inflation, which probably exceeded its target for the ninth straight month in March.Overseas shipments jumped 35.8 percent and imports climbed 27.3 percent year-on-year, unexpectedly pulling the
All African countries view China's increasing economic power as a force for good, a poll showed on Sunday.Asked how they view the possibility of an economically stronger China, Nigerians and Kenyans were the most enthusiastic among all countries surveyed, with around 80 percent expressing positive views, according to the survey commissioned by the BBC World Service.

Being neighbors for thousands of years, China and India are now helping to shape the world.However, this important bilateral relationship does not follow a balanced pattern of development. While political ties sometimes suffer from suspicion, economic cooperation is blooming. And while the governments vow to boost friendly relations, the two peoples are still trying to get to know each other.Now




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