News
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U.S. prices down as crisis bites
BEIJING, Nov. 17 -- The cost of living in the United States probably fell in October by the most in almost 60 years, while manufacturing and homebuilding sank deeper into a recession, economists said before reports this week. Consumer prices probably dropped 0.8 percent last month, the most since 1949, according to the median estimate in a Bloomberg News survey. Builders ...
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US in recession, jobless to peak at 7.5%: survey
BEIJING, Nov. 17 -- The US economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed. The National Association of Business Economists' poll of 50 professional forecasters released on Monday found that real gross domestic product was expected to...
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Total Retail Sales of China’s Catering Industry up 24.8% in the First 3 Quarters in 2008
According to relevant statistics, in the first three quarters, China’s accommodation and catering market maintained a high growth rate and achieved the total retail sales of 11.0552 trillion yuan, up 24.8％ year on year, or 6.7 percentage points faster than that of the same period of last year, accounting for 14.2％ of the total retail sales of social consumption goods of the same period, dri...
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China's central bank official warns of inflation risk
BEIJING, Nov. 17 -- The China shouldn't relax monetary policy too fast, even amid an economic slowdown, a central bank official said yesterday. "Monetary policy shouldn't be loosened too fast because there is still a risk that inflation will rebound," Jiao Jinpu, vice president of the People's Bank of China's Graduate School Council, told reporters at a financial conference in Beiji...
