BEIJING: China’s trade surplus fell nearly 12 percent in the first
half of 2008, official data showed Thursday, as a slowing global
economy, rising yuan and the impacts of a devastating earthquake hit
exporters.
The surplus for the first six months of the year
came in at $99.04 billion, the Customs bureau said, with strong
domestic consumption also helping to boost imports and ease the
trade imbalance.
BEIJING: China’s consumer price index (CPI), the main gauge of
inflation, is expected to rise 7.2 percent year on year in 2008,
according to a Bank of China report released Wednesday.
BEIJING: China has said it must urgently step up the development of
genetically modified crops as it faces mounting challenges to feed
its 1.3 billion people due to shrinking arable land and climate
change.
HONG KONG: American casino billionaire Steve Wynn, whose firm
operates Macau’s Wynn resort, is exploring tapping Hong Kong’s
stock market for as much as US$3 billion, a report said Thursday.
