As China celebrates the arrival of the new lunar year, the Year of the Tiger, the world hopes China's economy will roar again in 2010, after it helped pull the global economy out of recession in 2009.
Australia, Brazil and India remained the largest iron ore suppliers to China in 2009, but China's imports from South Africa, Ukraine and Canada more than doubled last year from a year earlier.
Although China's natural gas output rose by 7.7 percent last year, it was still not enough for ever rising domestic demand, data released by an industry association said.
China's policy allowing car-buyers to enjoy both a purchasing tax cut and old-for-new trade-in subsidies, which took effect on Jan. 1, was generating good results with increasing applications and subsidy handouts, the Ministry of Commerce said Saturday.
The People's Bank of China (PBOC), the country's central bank, announced Friday it will raise the deposit reserve requirement ratio (RRR) for Chinese financial institutions by 0.5 percentage points from Feb. 25 this year.
Wall Street was off previous lows but still mired in negative territory on Friday after China's central bank decided to raise its reserve ratio requirements.
The tourism industry is expected to continue booming this year, as recent surveys found a great majority of urban residents have travel plans this year and more than half are willing to spend more on trips.
Youngor, China's largest shirt company, said Friday it spent 561 million yuan (82 million U.S. dollars), at 18.7 yuan per share, on purchasing 30 million non-public offering A-shares issued by Shenzhen-listed Changsha Zoomlion.
Genetically modified (GM) soybean imports have been nibbling away at China's soybean market for years. Now Northeast China's Heilongjiang province is being particularly hard hit.
Hong Kong shares rose yesterday for a third straight session as sentiment improved on easing worries over a potential rise in benchmark deposit and lending rates.
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