finance

China will bring its overall money supply to a normal level with a range of policy tools next year as the government shifts monetary policy from "moderately loose" to "prudent", the central bank said Friday in a statement on its website, citing Deputy Governor Hu Xiaolian. Hu, a ...
The governance and structure of the global economy is undergoing a fundamental transformation as the power of the emerging markets while that of developed economies wanes, said a noted Chinese economist in an interview with People's Daily. In that context, China has a bigger role ...
Capital flows into China slowed down in November from a near record high in October, central bank data showed, which could reduce the need for an imminent tightening of monetary policy. The "Position for Forex Purchases" showed November inflows remained at a relatively high level ...
On the last trading day of 2010, the Chinese currency, the yuan, strengthened to a record high for a second consecutive day, at 6.6227 per U.S. dollar, after 11 consecutive days of gains. The central parity rate of the currency, also known as the renminbi (RMB), was set two basis ...
Core inflation should be considered more important than the consumer price index (CPI) when the People's Bank of China (PBOC) makes short-term monetary policy decisions, said a senior official of the central bank on Thursday. Core inflation, a measure of inflation which excludes ...
Lending spree In 2009, the year after the the global recession started, China's broad money supply grew at a whopping rate of 27.68 percent compared to a year earlier, and it continued to grow at a rate of 19.5 percent from January to November 2010. The government finally decided ...
Chinese economy is showing signs of a "soft landing" and it is likely the Chinese government will be able to keep inflation at a "reasonable" level next year, Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), said Friday. Liu said with the continuing ...
The Chinese yuan has made an ice-breaking step for its trading outside China after Russia recently started direct trading of the Chinese currency with the ruble. The Moscow Interbank Currency Exchange (MICEX) officially started the direct trading business for the first time on ...
The Chinese government should promote the reform of the fiscal and tax system during the 12th Five-Year Plan (2011-2015), especially regarding the personal income tax system, said a central bank adviser. Li Daokui, an academic member of the central bank's monetary policy ...
China plans to double the annual medical insurance premium for rural residents in the next five years, giving rural residents a bigger reimbursement on their medical bills. The annual premium per person will be raised from the current 155 yuan ($23.39) to 300 yuan ($45.28 ), said ...
The central bank will keep the task of reining in price pressures at the top of its policy agenda in 2011 by draining excess cash from the system. In a statement published on its website Thursday, the central bank said it also aims to make the yuan more "flexible." The yuan's ...
A woman walks by a sale advertising poster in Beijing, capital of China.Photo:Xinhua China's Central Bank Governor Zhou Xiaochuan warned Wednesday that inflation was mounting and that more could be done to guide the growth of money, an indication that price pressures still top ...
China should cut holdings of dollar assets to limit losses on its foreign currency reserves, while letting the yuan move more freely, a former adviser to the People's Bank of China said in comments published Wednesday. "China should now reduce its holdings of dollar assets as far ...
Chinese currency, the yuan, weakened 27 basis points Thursday to 6.6322 per U.S. dollar, according to the China Foreign Exchange Trading system. The central parity rate of the currency, also known as the renminbi (RMB), hit an all-time high of 6.6215 per dollar Tuesday to start ...
China has set the yuan's mid point versus the US dollar at 6.6295 this morning. That's slightly weaker than Tuesday, which was a record high for the third straight trading day. China Securities Journal predicts the yuan will rise some five percent in 2011 against the US dollar, ...
The People's Bank of China (pictured above), the country's central bank, raised the reserve requirement ratio six times and interest rates twice in 2010 to control liquidity and inflation. Wen Bao / for China Daily The People's Bank of China (PBOC), the country's central bank, ...
The World Bank's first yuan-denominated bond offered investors the chance to diversify their currency holdings and promotes the internationalization of the Chinese currency, the yuan, or RMB, economists said. The World Bank China Office said Wednesday the World Bank has priced ...
China's central bank has worked out a plan to examine lending and capital levels at individual banks each month to determine reserve requirements for them, the China Securities Journal reported. Banks may face higher mandatory requirements if their capital adequacy ratios fall ...
The Chinese purchasing managers' index (PMI), which tracks manufacturing growth, fell in December to the weakest level in three months. The decline came after the central government decided to stabilize commodity prices and tighten monetary policy. PMI decreased to 54.4 from 55.3 ...
The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 55.2 percent in November, up 0.5 percentage points from October, the China Federation of Logistics and Purchasing (CFLP) said Wednesday. The figure marked an increase for the fourth consecutive month and ...
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China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
China stocks close higher over liquidity injection
China stocks close higher over liquidity injection
BEIJING, Jan. 21 (Xinhua) -- Chinese shares rose on Tuesday after the ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China cuts retail oil prices
China cuts retail oil prices
BEIJING, Jan. 24 (Xinhua) -- China's top economic planner announced on ...
Canada's main stock index tumbles over asset loss in emerging markets
Canada's main stock index tumbles over asset loss in emerging markets
TORONTO, Jan. 24 (Xinhua) -- Canada's main stock index fell sharply on ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...