finance

This year's Spring Festival Gala offered plenty of "crosstalk." Performers poked fun at each other with silly faces and playful jokes. Comic sketches have a long tradition in China, yet today's younger audience wants contemporary entertainment. To please everyone, the Gala ...
The People's Bank of China, the central bank, decided in mid-June to proceed further with the reform of the yuan exchange rate regime. The intention is to increase the currency's flexibility and make it better reflect market supply and demand relations with reference to a basket ...
China's consumer inflation will be kept well below the ceiling of 4 percent in 2011, despite new loans of about 7 trillion yuan ($1.06 trillion) which will impose still greater pressures on liquidity, according to a report released by the Institute of International Finance under ...
China's gross domestic product (GDP) is predicted to grow by around 9.5 percent in 2011, 0.5 percentage points lower compared to the growth rate expected for this year, said a report issued Wednesday by the Bank of China (BOC). The Chinese Academy of Social Sciences, a top think ...
The yuan's appreciation may slow this year after the currency strengthened beyond 6.6 per dollar for the first time in 17 years, as China seeks to stem inflows that may fuel inflation, a JPMorgan Chase & Co analyst said. The yuan advanced 4.6 percent to 6.3 per dollar, after ...
BEIJING - China risks a more abrupt tightening in monetary policy next year after refraining from raising interest rates since October, even as inflation accelerated to the fastest pace in more than two years. Consumer prices jumped 5.1 percent in November, according to the ...
SHANGHAI - Stocks rose on the Chinese mainland, pushing up the benchmark index by the most in two months, after the central bank refrained from increasing interest rates and government reports showed the economy is withstanding tightening policies. PetroChina Co and Jiangxi ...
BEIJING - China may allow yuan options trading to help banks and companies protect their earnings from foreign-exchange risk, according to three different sources with knowledge of the plan, Bloomberg News reported Monday. The State Administration of Foreign Exchange, the nation...
BEIJING - China's central bank Friday announced the third increase of the reserve requirement ratio (RRR) for banks in a month, an unprecedented move pointing to the urgency of curbing runaway lending amid accelerating inflation. The People's Bank of China (PBOC) said on its ...
China's central bank needs to further raise banks' reserve requirements ratio (RRR) and issue more bills next year to mop up excessive liquidity, Reuters reported on Dec 9, citing a former deputy central bank governor. Wu Xiaoling, who is now a senior lawmaker, said China must ...
TOKYO - China bought a net 262.5 billion yen ($3.1 billion) of Japanese bonds in October, the first time in three months the nation increased holdings of yen-denominated assets as that currency outperformed the dollar and euro. China purchased a net 231.9 billion yen in short...
TOKYO - A famed Chinese economic expert forecasted at a forum in Tokyo on Tuesday that it would not take long for the yuan to be internationalized though there was no timetable available. Liu Guangxi, a professor and director of the science and technology department under the ...
Benchmark index hits three-week low on borrowing cost concerns SHANGHAI - China's stocks fell, driving the benchmark index down by the most in three weeks, on concerns the government may raise interest rates to tame inflation. Jiangxi Copper Co and Aluminum Corp of China Ltd slid ...
BEIJING - China's central bank governor, Zhou Xiaochuan, said Friday that the country would promote liberalization of interest rates during the next five years. China will make "obvious progress" in interest-rate liberalization during the 12th Five-Year Plan period, which runs ...
SHANGHAI - China's stocks fell for a second day, led by banks and metal producers, on concern the government's efforts to tame inflation by slowing lending and raising inflation rates will reduce earnings. China Construction Bank Corp and Bank of China Ltd paced losses for ...
China's central bank governor Zhou Xiaochuan said China's foreign exchange reserve can serve as a "pool" to hold hot money, the Shanghai Securities News reported Thursday. Special Coverage:Hot money: a burning issue in China Zhou also said Wednesday that the core consumer price ...
Since the property regulation policies were launched, more and more real estate speculators became interested in gold, resulting in the question of whether this would lead to another economic bubble when a large amount of floating capital in the real estate market is transferred ...
SHANGHAI - China's government bonds declined on speculation a report may show this week that inflation quickened in May, spurring concern policymakers will push money-market rates higher. Consumer prices climbed 3.1 percent from a year earlier, compared with 2.8 percent in April, ...
KUNMING - A pilot program on renminbi cross-border settlement was launched in Kunming, Yunnan province, on Tuesday as part of the nation's effort to gradually promote the renminbi into a global currency. "It is of great significance to expand the use of renminbi in settling cross...
SHANGHAI - Equities rose on Friday, capping the benchmark index's best week in seven months, on speculation the government won't introduce more measures to curb bank loans and property prices after leaders pledged policy stability. Industrial & Commercial Bank of China Ltd 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 ...