The difficult balancing act of China's housing market

1月 21, 2016

BEIJING, Jan. 21 (Xinhua)-- The central government is facing a daunting challenge: While there is a glut of property stock in small cities, there is also limited land and high housing prices in metropolitan areas, posing major headwinds for the slowing economy.
THE FALLING PILLAR
The property market is failing to attract the investment it needs, official data showed Tuesday. Annual property investment growth slowed to a record low of 1 percent in 2015, a sharp decrease from 10.5 percent posted for 2014.

Reform brightens China's economic prospects

1月 21, 2016

BEIJING, Jan. 21 (Xinhua) -- Following the news that last year growth slowed slightly, proactive reforms will remain high on the agenda
throughout 2016.
The Chinese economy grew 6.9 percent year on year in 2015, down from 7.3 percent in 2014 and 7.7 percent in 2013, official data showed.
Although the slowest annual expansion in a quarter of a century, the growth rate stands testament to the choice to focus on structural reforms over massive stimulus packages.

Chinese shares tumble heavily Thursday

1月 21, 2016

BEIJING, Jan. 21 (Xinhua) -- Chinese stocks continued to dive on Thursday, with Shanghai dipping below the 2,900-mark, again, as market sentiment remained fragile despite the steadier currency rate and more liquidity injected into the capital market.
The benchmark Shanghai Composite Index lost 3.23 percent to close at 2,880.48 points. While Shenzhen dropped 3.77 percent to close the day at 9,975.97 points.
The ChiNext Index, the NASDAQ-style board of growth enterprises, dived 4.18 percent to close at 2,112.40 points.

Doubts on China's GDP data groundless: official

1月 21, 2016

BEIJING, Jan. 21 (Xinhua) -- An official on Thursday blasted reports saying China's growth might be overvalued, warning that the use of unofficial methods and incomplete data fail to give a complete picture.
When calculating the growth speed of China's value-added industrial output, some China observers used the weighted average method (WAM), which only counts some industrial output, deputy head of the National Bureau of Statistics (NBS) Xu Xianchun said in a statement.

China ranks first worldwide in PV power capacity

1月 21, 2016

BEIJING, Jan. 21 (Xinhua) -- China overtook Germany in 2015 to become the world's number one in terms of photovoltaic (PV) power capacity, official data showed on Thursday.
China added 15 gigawatts of PV power capacity last year, a 40 percent rise year on year, bringing the total capacity to 43 gigawatts, according to China Photovoltaic Industry Association (CPIA).
Many PV companies began to turn a profit last year thanks to the government's positive stance on green and innovative energy production and investment, said CPIA secretary general Wang Bohua.

China's central bank continues to ease liquidity strain

1月 21, 2016

BEIJING, Jan. 21 (Xinhua) -- China's central bank continued to ease liquidity strain for the financial system on Thursday, injecting 400 billion yuan (60.8 billion U.S. dollars) of funds through reverse repurchase (repo) operations.
The People's Bank of China (PBOC) conducted a seven-day reverse repo worth 110 billion yuan and a 28-day reverse repo worth 290 billion yuan on Thursday, with yields priced at 2.25 percent and 2.6 percent respectively.
In a reverse repo, the central bank buys securities from banks with an agreement to resell them in the future.

China's 2015 lottery sales down 3.8 pct

1月 21, 2016

BEIJING, Jan. 21 (Xinhua) -- China's lottery sales dropped 3.8 percent year on year to 367.88 billion yuan (56.1 billion U.S. dollars ) in 2015, official data showed on Thursday.
Welfare lottery sales decreased by 2.2 percent to 201.51 billion yuan, while the sports lottery slipped 5.7 percent to 166.37 billion yuan, the Ministry of Finance announced.
In December, 34.12 billion yuan's worth of lottery tickets were sold, a year-on-year decrease of 5.6 percent. Welfare lottery sales dropped 1.8 percent to 19.21 billion yuan.

China's state grid to develop global energy interconnection

1月 21, 2016

HONG KONG, Jan. 21 (Xinhua) -- The State Grid Corporation of China (SGCC) on Thursday held a workshop on investment and financing for global energy interconnection (GEI).
Representatives from the Chinese government, international organizations, financial and power enterprises from China and abroad discussed on the development of GEI.
Liu Zhenya, chairman of the SGCC and China Electricity Council, said the main purpose of the workshop is to promote the establishment and development of GEI by gathering the strength of international financial power.

China's leading economist upholds market-oriented mechanism for supply-side reform

1月 21, 2016

BEIJING, Jan. 21 (Xinhua) -- Wu Jinglian, one of China's most respected economists, said a market-oriented mechanism will be needed to implement China's supply-side structural reform.
In an article on the flagship People's Daily published on Thursday, Wu said China will need to stick to its adoption of the market principles and continue the reform on the rule of law to create better environment for innovation, which will be key to rejuvenate the supply-side.

China to further cut coal capacity

1月 21, 2016

BEIJING, Jan. 21 (Xinhua) -- The economic planner and other relevant departments have been soliciting suggestions before formally introducing drastic measures to cut back on coal overcapacity, a report said Thursday.
The measures include a pause in new coal mine projects, closing of outdated production facilities, directing "zombie" companies to close and expediting coal-electricity integration, according to Thursday's Economic Information Daily.

トピックス

より良い都市 より良い生活より良い都市 より良い生活

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