BEIJING, Nov. 9 (Xinhua) — China’s consumer prices increased 5.5 percent in October from a year earlier, weakening from 6.1 percent in September, the National Bureau of Statistics (NBS) said Wednesday.

October’s consumer price index (CPI) growth marked the slowest surge since May this year, softening from 6.1 percent in September, 6.2 percent in August, 6.5 percent in July and 6.4 percent in June. Continue Reading

BEIJING, Nov. 9 (Xinhua) — China is investigating its two telecommunications giants, China Telecom and China Unicom, over their suspected monopolistic practices in the broadband access business, the country’s top economic planner said Wednesday.

The National Development and Reform Commission (NDRC)’s probe into the two operators is the first anti-monopoly case involving large enterprises since China implemented its first anti-monopoly law in 2008. Continue Reading

BEIJING, Nov. 9 (Xinhua) — China’s national fiscal revenue rose 16.9 percent in October from a year earlier to 918.83 billion yuan (145.38 billion U.S. dollars), the Ministry of Finance said on Wednesday.

The annual growth rate was a pullback from 17.3 percent in September, 34.3 percent in August and 26.7 percent in July. Continue Reading

BEIJING, Nov. 9 (Xinhua) — China’s stocks ceased their recent declines and rebounded on Wednesday boosted by news that the country’s inflation eased last month as food prices posted slower price gains.

Government data released Wednesday showed that the consumer prices increased 5.5 percent in October from a year earlier, weakening from 6.1 percent in September. It also marked the slowest surge since May this year. Continue Reading

HONG KONG, Nov. 9 (Xinhua) — Hong Kong shares rose on Wednesday as Chinese mainland’s inflation rate in October dropped.

Hong Kong stocks rose 335.96 points or 1.71 percent to close at 20,014.43 on Wednesday. The benchmark Hang Seng Index traded between 19,967.17 and 20,173.14. Turnover totaled 60.43 billion HK dollars (about 7.77 billion U.S. dollars). Continue Reading

BEIJING, Nov. 8 (Xinhua) — Chinese stocks extended losses Tuesday as plunging home sales weighed on property developers, and media and entertainment companies led declines.

The benchmark Shanghai Composite Index fell 0.24 percent, or 5.96 points, to close at 2,503.84.

The Shenzhen Component Index slid 50.56 points, or 0.48 percent, to finish at 10,541.1. Continue Reading

BEIJING, Nov. 8 (Xinhua) — Farm produce prices in China continued to fall for the week ending on Nov. 6, according to a report released by the Ministry of Commerce on Tuesday.

Wholesale prices of 18 staple vegetables dropped by an average of 2.2 percent from the previous week. It was the fourth straight week that vegetable prices dropped, marking an aggregate 11.3 percent drop over the past four weeks, the report said. Continue Reading

HONG KONG, Nov. 8 (Xinhua) — Hong Kong shares closed almost flat on Tuesday, swinging between gains and losses, with developers fell on speculation that the home price will fall, while energy producers surged after Deutsche Bank turned positive on the power companies.

Hong Kong stocks edged up 0.58 points to close at 19,678.47 on Tuesday. The benchmark Hang Seng Index traded between 19,654.94 and 19,914.92. Turnover totaled 56.27 billion HK dollars (about 7. 24 billion U.S. dollars). Continue Reading

HONG KONG, Nov. 7 (Xinhua) — Hong Kong stocks fell 164.90 points or 0.83 percent to close at 19,677.89 on Monday.

The benchmark Hang Seng Index traded between 19,649.57 and 19, 977.09. Turnover totaled 55.45 billion HK dollars (about 7.13 billion U.S. dollars). (1 U.S. dollar = 7.771 HK dollars)

BEIJING, Nov. 7 (Xinhua) — China’s cash-strapped banks may soon get a injection of capital, thanks to fiscal funding not a loosening of government policy.

More than 1 trillion yuan (about 158.2 billion U.S. dollars) of treasury deposits are expected to be allocated by the Ministry of Finance (MOF) to government departments in November and December, according to a report by China International Capital Co., Ltd. (CICC), the country’s top investment bank. Continue Reading

BEIJING, Nov. 7 (Xinhua) — Chinese stocks ended gains of three-straight trading days to close lower on Monday, dragged down by cement and banking sectors.

The benchmark Shanghai Composite Index fell 0.73 percent, or 18.5 points, to close at 2,509.8. Continue Reading

BEIJING, Nov. 6 (Xinhua) — A majority of China’s provinces and regions experienced a slower year-on-year economic growth rate in the first three quarters, with major boom areas leading the decline, official figures showed.

Of the 29 provinces and regions that have released their growth data for the first nine months, 23 have Continue Reading