China consumption, money data ease concerns over economy
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China released figures suggesting the economy is not decelerating as much as feared, easing concerns the government might have stepped too hard on the brakes.
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Chinese consumers show little sign of reining in their spending, despite the first rise in core interest rates in nine years.
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China's economic growth may ease  slightly this year to 10.5 percent from the estimated 11.5  percent rate of expansion in 2007, a researcher at a state  think-tank said on Friday, as the government cooling steps take  effect.
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China's central bank on Sunday poured  cold water on the idea that the country's economy can decouple  from the United States.
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China will maintain a stable monetary and yuan policy as it tries to keep inflation in check, state media cited a central banker as saying, amid resurgent speculation Beijing may tinker with the rigidly held currency.
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China may avoid a sudden economic slowdown after the central bank raised benchmark interest rates for the first time in nine years last week, a survey showed.
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Efforts to ease the Chinese economy off the boil are working but rapid exchange rate change is off the agenda, the Chinese president says.
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China's economy, the world's second largest, is not as big as was thought, a report by the World Bank claims.
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A soft landing for China&#39;s booming economy was not yet a sure thing, the International Monetary Fund said on Wednesday, despite a raft of measures by Beijing to slow investment in overheated sectors.
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WASHINGTON : China, invited to the table of the world&#39;s top financial powers for the first time, did not appear to buckle to pressure to speed up moves to adjust or end a currency peg that many say distorts global trade flows.
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BEIJING (Dow Jones)--A week ago, third-quarter data showed China was failing to get its sky-high economic growth rate under control.
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China's central bank sought on Friday to soothe concerns over its first interest rate hike in nearly a decade, saying it will not have a big impact on the economy or the pegged yuan currency.
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China may provide some answers. Globalization can't hurt.
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China's economic growth may ease slightly this year to 10.5 percent from the estimated 11.5 percent rate of expansion in 2007, a researcher at a state think-tank said on Friday, as the government cooling steps take effect.
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China's inflation rate eased sharply in October as government efforts to cool the economy began to really bite, with food prices, one of the main culprits, showing some signs of slowing, official data showed.
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BEIJING/WASHINGTON  - A more flexible yuan would not hold back China's growth or cause deflation but would help Beijing rebalance its economy towards domestic consumption, a top U.S. Treasury official said on Thursday.
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The first economic data to emerge since last month's credit woes suggest a modest impact on business and consumers.