BizChina
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- By David Cao
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The global financial crisis is still spreading and the world economy is going to get worse before it gets better, Vice-Premier Wang Qishan said on Friday.
In an article about cooperation between China and Britain in the Financial Times newspaper, Wang wrote that the countries should take stronger measures to stimulate an early recovery of the global economy.
"To overcome the current difficulties, it is essential to convert confidence into credit in the market and quickly recover functions of the financial markets," he said.
China's $586 billion government stimulus package has produced initial results, Wang said, and there has been a "positive change" in the economy. "Things are better than previously expected," he wrote.
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- By David Cao
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Chinese equities rose for a seventh consecutive trading day Friday, led by heavyweights.
The benchmark Shanghai Composite Index rose 1.09 percent, or 28.2 points, to close at 2,625.65. The Shenzhen Component Index edged up 0.73 percent, or 74.12 points, to 10,183.06.
Gainers outnumbered losers by 474 to 408 in Shanghai, and 401 to 346 in Shenzhen.
Combined turnover shrank to 244.3 billion yuan (35.77 billion U.S. dollars) from 269.3 billion yuan on the previous trading day.
Oil producers' shares rose Friday on expectations that the government would raise benchmark retail prices for gasoline and diesel.
Read more: Chinese stocks up for 7th day, quake-rebuilding shares gain
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Sales of China's domestically made auto set a record high of 1.153 million units in April, up 25 percent from a year earlier, the China Association of Automobile Manufacturers (CAAM) said Friday.
This represents an increase of 3.91 percent from March. In March, sales rose 5 percent year-on-year to 1.11 million units.
Automakers produced 1.157 million motor vehicles last month, up17.9 percent year-on-year, according to CAAM.
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- By David Cao
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Chinese equities rose slightly Tuesday after media reported new yuan-denominated loans in April would fall to 600 billion yuan (87.85 billion U.S. dollars) from a record high of 1.89 trillion yuan a month earlier.
The benchmark Shanghai Composite Index rose 0.29 percent, or 7.43 points, to close at 2,567.34. The Shenzhen Component Index was up 0.49 percent, or 48.14 points, to 9,947.81.
Gainers outnumbered losers by 645 to 267 in Shanghai and 571 to 194 in Shenzhen.
Combined turnover rose to 231.16 billion yuan from 221.65 billion yuan on the previous trading day.
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- By Chinaview.cn
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Chinese equities surged 3.32 percent Monday led by blue chip gains.
The benchmark Shanghai Composite Index jumped 3.32 percent, or 82.34 points, to close at 2,559.91. The Shenzhen Component Index rose 4.18 percent, or 397.15 points, to 9,899.67.
Gainers outnumbered losers by 919 to 13 in Shanghai and 793 to 8 in Shenzhen.
Combined turnover rose to 221.65 billion yuan (32.45 billion U.S. dollars) from 194.14 billion yuan on the previous trading day before the 3-day May Day holiday.
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