As much as ¥9.3 trillion ($1 = ¥6.8), or 30% of gross domestic product, in China's household incomes were not reported in official statistics, a Credit Suisse-sponsored study of 4,195 samples across 64 cities has found. The results put the nation's urban disposable income at ¥32,154 per head in 2008, 90% higher than the figure released by the gov...

Half in the property, energy and IT sectors; 29%, or 567, in the property sector; 12%, or 235, in the energy sector; 11%, or 221, in the IT sector; 9%, or 179, in the financial sector; 40% did not receive higher education or even finish primary school; 30% earned a bachelor's degree or an associate diploma; 30% earned a master's education or above (...

China, the world's number one resource consumer, spent $16.1 billion on acquisition in the global mining and metal industry last year, representing 27% of the world's total, according to an Ernst & Young report out Thursday. Of the $16.1 billion, $9.3 billion was linked to Australian and Canadian assets. China has invested more than $50 billion in 369 ac...

China is going to announce later this month incentives for buying vehicles powered by new energy, said Miao Yu, vice minister for industry and information technology. The nation's car production and sales both cracked the 13 million mark in 2009 overtaking the United States as the world's biggest auto market as well as raising concerns over air pollution, ca...

More than 40% of the Chinese consumers plan to increase spending in 2010, and an improved social welfare system is the strongest driver to prompt them to consume more, a MasterCard report has found. A survey of 6,300 urban and rural subjects shows that over 50% of the urban respondents chose "improve social welfare" and "rein in housing prices" as their top...

China's top four state-owned banks have loaned ¥110 billion ($1 = ¥6.83) in September compared to ¥165.8 billion a month ago, inter-bank data have shown. This was the lowest amount of monthly loans issued this year. Bank of China (SHA: 601988, HKG: 3988) became the smallest lender of the four from the biggest after extending just ¥3 bil...

Shanghai's residential price averaged ¥18,463 ($1 = ¥6.8) per m2 in August, up 47.9% from the ¥12,482 level seen six months earlier, the China Securities Journal reported, without citing where the statistics came from. The ¥5,981 increase is equivalent to the price per m2 in the downtown area of a major city in western China. Overall housing ...