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Entries Tagged ‘Chinese Leaders’

China government has done for the economic: A multibillion-dollar stimulus package, biggest interest rate cut in 11 years , and hiking personal income

BEIJING – Chinese President Hu Jintao warned that China has started to lose its competitive edge in trade amid the global financial crisis, as he told Communist Party leaders the challenge posed a test to the government’s ability to rule, state media reported.
China’s economic growth is expected to fall to about 9 percent this year, [...]

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China says March inflation eases to 8.3 percent, economy grew 10.6 percent in 1st quarter

BEIJING (AP) — China’s surging inflation and rapid economic growth have eased slightly amid government efforts to end food shortages and cool an investment boom, according to data reported Wednesday.
Consumer prices rose 8.3 percent in March compared with the same month last year, down slightly from February’s 8.7 percent rate, the highest in nearly 12 [...]

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