Economy/Resources - 145. page
People’s Daily: Domestic Stock Market Lost RMB Nine Trillion in a Week
People’s Daily: China Signed Free Trade Agreement with Australia
EU Chamber of Commerce: A Quarter of EU Companies in China Are Pessimistic
Central Bank Report: China’s Economy Is Slowing Down
The Chief Economist of China’s central bank led a number of officials from the bank in writing a research report predicting that China’s economy will continue to slow down for the rest of 2015.
Exports Slide Further While Imports Plunge
According to China’s General Administration of Customs, in May, Chinese exports fell for the third consecutive month, while imports plunged to the lowest level in three months. These developments highlight the adverse Chinese domestic economic environment, which may trigger further monetary policy adjustments.
Ministry of Environmental Protection: Less than 10 Percent of Cities Passed Air Pollution Inspection
Xinhua reported on the 2014 Environmental Report that the Ministry of Environmental Protection recently published. Out of 161 cities in which the air inspection was conducted in 2014, only 16 cities or less than 10 percent of the cities, passed the inspection. Meanwhile soil contamination remains a serious concern. The article stated that, taking into consideration all of the land that was inspected, the soil erosion rate was at 31.12 percent. According to Ministry of Environmental Protection, the excess discharge of pollutants and a lack of control are the main reasons for the poor environmental quality.
Source: Xinhua, June 4, 2015
http://news.xinhuanet.com/fortune/2015-06/04/c_1115517511.htm