China’s urban development looks to get further support from the private sector. An Chinese Government official from the National Development and Reform Commission (NDRC), the country’s top economic planning agency, says the government encourages the use of private capital in developing China’s urban areas [...]

China has established the National Energy Commission for better coordination in formulating energy strategy and development planning, said an announcement released by the General Office of the Chinese State Council recently [...]

Money is moving in a new direction in China — out: Some Chinese are so eager to turn their yuan into other assets that when an online real estate brokerage organized a tour of foreclosure auctions in the United States, it received so many applications that it had to turn away nearly 400 people. In Shanghai, cash-rich Chinese companies are buying high-yield bonds issued by distressed American companies at a time when most investors are steering clear of bonds even from solid companies [...]

China’s National Development and Reform Commission stated that out of the 100 billion yuan (over 15 billion US dollars) of newly-added central government investment, 28 billion yuan (4 billion US dollars) has been designated for the construction of major transportation infrastructure, just less than the amount of investment for people’s livelihoods…

China’s consumer price index(CPI) rose 8.5 percent in April, mainly driven by uncurbed food costs, the National Bureau of Statistics(NBS) said recently. The figure, compared with 8.3 percent in March and a nearly 12-year-high of 8.7 percent in February, was broadly in line with most forecasts.
The NBS attributed the figure to a low base of comparison: the CPI rose just 3 percent in April 2007. Another factor was the rapid increase in world grain and commodity prices…