Chinese Mandarin

U.S. companies are in “pretty good shape” in many ways on back of the recovery of the world’s largest economy, Jeffrey Immelt, Chief Executive Officer of General Electric (GE), said here on Thursday. Despite the near-term global economic recovery challenges including the devastating earthquake and tsunami in Japan, the broad U.S. economic growth this year [...]

China’s manufacturing expanded at a faster pace in March, suggesting resilience of the economy amid concerns that monetary tightening measures would result in an economic slowdown. The Purchasing Managers Index (PMI) of China’s manufacturing sector rose to 53.4 percent in March, the China Federation of Logistics and Purchasing (CFLP) said Friday. The March index rebounded [...]

A total of 49 Chinese cities have defied a central government order by failing to announce their property price control measures for 2011 before April 1. The Ministry of Housing and Urban-Rural Development said Friday that 608 cities, or 92.5 percent of the total required to announce the measures, announced their property price control measures [...]