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BUSINESS
September 10, 2011 | By David Pierson, Los Angeles Times
China's inflation rate eased slightly in August, giving central leaders breathing room in the face of a worsening global economy. The National Bureau of Statistics said Friday that the country's consumer price index rose 6.2% last month from the previous August. That was down from 6.5% in July, which was a 37-month high. Though inflation remains well above the government's 4% annual target, analysts said the problem may have peaked, reducing the need for the government to employ tightening measures that could slow its economy.
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BUSINESS
April 6, 2012 | By David Pierson
China may be the world's second-largest economy, but its financial system still answers to strict state controls that critics say hold back the country's development. The free market plays little role in determining how China's currency is valued, how banks set  interest rates or how much capital is allowed to flow in and out of the country. But in the last two weeks, a series of moves has raised hopes that financial freedoms could be expanding in the so-called birdcage economy.
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BUSINESS
January 18, 2012 | By David Pierson, Los Angeles Times
China's economy grew at its slowest pace in 21/2 years in the final three months of 2011, weighed down by shrinking exports, tighter bank lending and a cooling real estate market. The country's gross domestic product expanded at an annual rate of 8.9% in the fourth quarter of 2011, compared with 9.8% in the year-earlier period, China's National Bureau of Statistics said Tuesday. For the year, the world's second-largest economy expanded 9.2%, down from 10.4% in 2010. Although still strong compared with that of other major economies, China's economic growth is slowing uncomfortably fast for the country's leadership.
BUSINESS
April 6, 2012 | By David Pierson, Los Angeles Times
BEIJING - China may be the world's second-largest economy, but its financial system still answers to strict state controls that critics say hold back the country's development. The free market plays little role in determining howChina'scurrency is valued, how banks set interest rates or how much capital is allowed to flow in and out of the country. But in the last two weeks, a series of moves has raised hopes that financial freedoms could be expanding in the so-called bird cage economy.
BUSINESS
April 6, 2012 | By David Pierson
China may be the world's second-largest economy, but its financial system still answers to strict state controls that critics say hold back the country's development. The free market plays little role in determining how China's currency is valued, how banks set  interest rates or how much capital is allowed to flow in and out of the country. But in the last two weeks, a series of moves has raised hopes that financial freedoms could be expanding in the so-called birdcage economy.
BUSINESS
April 6, 2012 | By David Pierson, Los Angeles Times
BEIJING - China may be the world's second-largest economy, but its financial system still answers to strict state controls that critics say hold back the country's development. The free market plays little role in determining howChina'scurrency is valued, how banks set interest rates or how much capital is allowed to flow in and out of the country. But in the last two weeks, a series of moves has raised hopes that financial freedoms could be expanding in the so-called bird cage economy.
BUSINESS
August 21, 2007 | From Times Staff and Wire Reports
China said today that it would let citizens invest directly in the Hong Kong stock market, a move that will broaden options for savings-rich Chinese and help Beijing offset massive capital inflows from its trade surplus and foreign investments. The news added more fuel to Hong Kong and Shanghai stock markets, extending a rally triggered by the Federal Reserve's cut Friday in a key lending rate. China has long restricted capital outflows, but with foreign reserves of more than $1.
BUSINESS
July 17, 2009 | David Pierson
Massive stimulus spending and record bank lending lifted China's economic growth rate in the second quarter to 7.9%, a sign that the Chinese economy is defying the recessionary forces that are weighing down most other countries. The surprisingly robust numbers released Thursday by China's National Bureau of Statistics are an improvement from the 6.1% growth in gross domestic product in the first three months this year.
BUSINESS
October 22, 2009 | David Pierson
China's economy grew 8.9% in the third quarter compared with a year earlier as massive government spending continued to lead the nation out of the global economic crisis. The figure, announced Thursday, keeps the nation on pace to meet the government's annual target of 8% growth in gross domestic product. Beijing has used a $585-billion stimulus plan and $1.27 trillion in bank lending this year to drive the nation's recovery. China has seen modest improvements in exports and retail sales, but investment continues to constitute the overwhelming bulk of the country's growth.
BUSINESS
September 19, 2008 | Don Lee, Times Staff Writer
With the Shanghai composite index down almost 70% since last October and no end in sight, China's government said Thursday that it would scrap a stock-buying tax and plow money into the nation's three largest banks in an effort to halt the decline. Chinese authorities also said they would encourage state-owned companies to make stock purchases.
BUSINESS
January 18, 2012 | By David Pierson, Los Angeles Times
China's economy grew at its slowest pace in 21/2 years in the final three months of 2011, weighed down by shrinking exports, tighter bank lending and a cooling real estate market. The country's gross domestic product expanded at an annual rate of 8.9% in the fourth quarter of 2011, compared with 9.8% in the year-earlier period, China's National Bureau of Statistics said Tuesday. For the year, the world's second-largest economy expanded 9.2%, down from 10.4% in 2010. Although still strong compared with that of other major economies, China's economic growth is slowing uncomfortably fast for the country's leadership.
BUSINESS
September 10, 2011 | By David Pierson, Los Angeles Times
China's inflation rate eased slightly in August, giving central leaders breathing room in the face of a worsening global economy. The National Bureau of Statistics said Friday that the country's consumer price index rose 6.2% last month from the previous August. That was down from 6.5% in July, which was a 37-month high. Though inflation remains well above the government's 4% annual target, analysts said the problem may have peaked, reducing the need for the government to employ tightening measures that could slow its economy.
BUSINESS
November 10, 2008 | Don Lee, Lee is a Times staff writer.
Potentially providing an important lift to a faltering global economy, China unveiled plans Sunday to pump about $586 billion into infrastructure projects and other stimulus measures to bolster domestic demand and shore up its weakening economy. The massive two-year stimulus package, which one analyst described as China's version of America's New Deal, represents one of the most aggressive actions to date by a country to counter the effects of the global financial crisis.
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