NDRC

China imposes new restrictions on outbound investment

Beijing - Emiratesvoice

China has issued new rules increasing oversight of overseas acquisitions by its companies, as it seeks to reduce investment in assets ranging from golf courses and movie studios to football clubs. The rules are the latest attempt to stem the tidal wave of capital that has flown out of the country in recent years, a trend which regulators fear couldRead more

China seeks to boost private investment

Beijing - Arab Today

China will take further steps to support private investment, an official from the state planner said on Monday, as the country looks to maintain strong economic growth while undergoing structural reforms. A sharp cooldown in private investment last year forced Beijing to rely more heavily on government spending and more inefficient state firms to hit its growth target, leaving theRead more

China’s steel, coal curbs a double-edged sword for imports

Launceston , Australia - Arab Today

China’s determination to tackle its choking pollution by cutting steel and coal capacity should be a long-term negative for exporters of iron ore and coal to the world’s biggest commodity importer, but the reality is likely to be far more nuanced. “We will make our skies blue again,” Premier Li Keqiang told the opening of the Parliament on Sunday. ThatRead more

China orders more than 100 golf courses shut

Seoul - Arab Today

China has ordered the closure of a sixth of the country's golf courses since 2011, its top economic planner said, in an ongoing crackdown on a sport controversial for its links with wealthy elites. China's ruling Communist Party has an ambivalent relationship with golf. Local authorities have profited from selling land for courses, but they are seen as venues forRead more

China's Crude Oil Output Sees Sharp Drop

Beijing - QNA

China's crude oil output fell 9.9% year on year in August, the biggest monthly drop since 2003 as refineries slashed production amid sluggish global oil prices, data from the Chinese National Bureau of Statistics showed Monday. Imports, on the other hand, have trended upward after private refineries were given permission to import crude last year, state news agency (Xinhua) reported. Read more

China's Crude Oil Output Down in July

Beijing - QNA

China's crude oil output dropped 8.8% year on year to 16.64 million tonnes in July, data from the country's top economic planner showed. This brings total output for the first seven months of 2016 to 117.09 million tonnes, down 5.4% from the same period last year, the National Development and Reform Commission (NDRC) said in a statement. The drop cameRead more

China's Crude Oil Output Down in July

Beijing - QNA

China's crude oil output down in July

Beijing - XINHUA

China's crude oil output dropped 8.8 percent year on year to 16.64 million tonnes in July, data from the country's top economic planner showed. This brings total output for the first seven months of 2016 to 117.09 million tonnes, down 5.4 percent from the same period last year, the National Development and Reform Commission (NDRC) said Saturday in a statement.Read more

China eyes major projects to bolster growth

Beijing - XINHUA

China is pushing forward a raft of national projects to boost the economy and underpin growth for several years, said the National Development and Reform Commission (NDRC) Tuesday. "The current progress is satisfactory and we will intensify efforts in the next stage," said Hu Zucai, deputy director of the NDRC. Hu promised reduced red tape and more policy support inRead more

China Confident of Hitting 3% Consumer Inflation Target in 2016

Beijing - QNA

China is confident of reaching its official consumer inflation target of around 3% this year, the country's top economic planner said on Tuesday. The National Development and Reform Commission (NDRC) said in an online statement that the average growth of consumer inflation in the second half of 2016 will ease from the first six months. It added that declinesRead more