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World Bank said nation's nominal GDP will equal that of the US in 20 yearsThe World Bank's chief economist said on Wednesday that China's economy will probably become the world's biggest by 2030, when it will be twice the size of the United States, if measured in terms of purchasing power parity (PPP)."China could maintain GDP growth of 8 percent over the next 20 years, which will make it the wor
Import tariffs levied against resources and high-tech products will probably soon be lowered and favorable rules could also be on the way to ensure people buy luxury goods in China instead of heading overseas, according to economic advisers close to the nation's decision-makers.
End of super-preferential policies will create a level playing field for domestic and foreign enterprises to compete

As of Dec 1, the Chinese government began to collect two taxes from overseas-funded companies and individuals with commercial interests in the country, namely the city maintenance and construction tax, and education-supporting tax. This marks the beginning of a standard tax trea
The State Council, China's Cabinet, announced Sunday a slew of measures to rein in rising commodity prices to ease the economic pressures on the people.

Local governments and departments are required to boost agricultural production and stabilize supply of agricultural products and fertilizer while reducing the cost of agricultural products and ensuring coal, power, oil and gas supplies, the S
Chinese President Hu Jintao on Sunday urged the Asia-Pacific Economic Cooperation (APEC) economies to promote liberalization and facilitation of trade and investment in the Asia-Pacific region.

Addressing the second session of the 18th APEC Economic Leaders' Meeting, Hu said that this year marked the deadline for the industrialized APEC economies to achieve the Bogor Goals of free and open tra
onetary tightening pressure grows as key inflation index rises

Consumer prices surged 4.4 percent year-on-year in October, a 25-month high, stoking inflation fears and making further monetary tightening more likely following Wednesday's reserve ratio hike.

The consumer price index (CPI), a main gauge of inflation, increased 0.8 percentage points compared to September's 3.6 percent, the Nati
Some researchers question whether China's cities are growing too fast

In the next 15 years, more than 400 million people will be brought from rural areas to cities in China as urbanization is put high on the government's agenda to sustain fast economic growth, experts said.

During each of the next five years, about 10 million rural people will become urbanites and each person who moves to a
Operating conditions for China's manufacturing sector continued to strengthen in October, showing the best improvement in six months, but analysts warned the figures could also point to rising inflationary pressure.

The official Purchasing Managers' Index (PMI), which measures the nation's industrial activity, rose to 54.7 in October, marking the 20th straight month that it has come in higher




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