China will gradually deregulate the government-set oil price scheme making it more interactive with the international market, said premier Wen Jiabao during an interview with Hong Kong-based Phoenix TV.
China exported 7,084 tons of rare earth minerals and metals valued at $314.3 billion in January-February, up 0.3% and 568% year on year respectively, according to customs figures.
China's daily aluminum output expanded 12% year on year to 46,600 tons in February, said International Aluminum Institute.
China's crude steel output rose 9.7% year on year to 54.3 million tons in February, according the World Steel Association. Output totaled 117 million tons worldwide in February.
Foreign investment in China's real estate market jumped 50.5% year on year to $4.15 billion in January-February, said commerce ministry spokesman Yao Jian. Foreign investment in the manufacturing and service sectors totaled $8.37 billion and $8.3 billion over the same period, up 24.3% and 34.5% year on year respectively.
China's non-financial offshore investments grew 13.1% year on year to $5.27 billion in January-February, said commerce ministry spokesman Yao Jian. By the end of February 2011, the nation's non-financial offshore investments totaled $264 billion.
The massive Japan earthquake and tsunami will slow China's economic growth by half a percentage point, some economists predicted at a forum organized by Tsinghua University.
New home sales in China's eight regional centers including Beijing, Shanghai, Hangzhou, Guangzhou, Shenzhen, Chongqing, Chengdu and Tianjin declined 7% to 1,345 units in the week ended 20 March 2011 compared to the previous week, said JPMorgan Chase & Co.
Royal Dutch Shells plans to invest $1 billion developing China's shale gas assets during the next five years, said CEO Peter Voser.
Ikea said it plans to open 18 comprehensive shopping complexes in China in the years to come. Its stores in the country currently sell home improvement products only. The first three comprehensive malls to cost a total $1.2 billion are expected to open in Beijing, Wuhan and Wuxi.