finance

TOKYO - Japan-China economic relations can better be categorized as complementary rather than competitive, said Chi Hung Kwan, senior fellow of Nomura Institute of Capital markets Research in Tokyo Tuesday. Kwan said because Japan's strength in areas including the high-tech is ...
BEIJING - 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 ...
BEIJING - China's land sales may top 2 trillion yuan ($302 billion) this year as the nation tries to control rising home prices. Analysts said that surging land sales would be detrimental to the nation's economic health and the government must work to keep them low. The new ...
BEIJING - China's exports rose 38.1 percent year on year to $145.52 billion in July, but the growth rate was down from a 43.9-percent surge in June, the General Administration of Customs said Tuesday. [China's trade surplus falls 21.2% in Jan-July July trade numbers hit record ...
BEIJING - The People's Bank of China (PBOC), also known as the central bank, said Thursday it would maintain its moderately loose monetary policy and enhance financial supports to boost the economy's sustainable development. The bank will apply multiple monetary tools to keep an ...
BEIJING - The unfavorable global economic environment, including protectionism, may pose the biggest risk to the Chinese economy in the second half of the year as the economy still largely depends on foreign demand for its exports and access to raw materials, Morgan Stanley Chief ...
Dalian, Liaoning - The 18-month high trade surplus in July is a "unique" case and should not be used as an excuse to press China to revalue its currency, a senior government economist said on Sunday in Dalian, Liaoning province. "The trade surplus will narrow, as exports are ...
Beijing - China's machinery industry has rebounded during the first half of this year, but the momentum is likely to slow as the country's economy cools. The machinery industry has grown by 37 percent during the first six months of 2010, with a total output value of 6.59 trillion ...
BEIJING - The Chinese government has cut taxes on rural financing to back development of rural finance and lending to farmers, the Ministry of Finance (MOF) said Thursday. The government has canceled the sales tax on interest income from small loans to rural households and axed ...
BEIJING - China's strong economic recovery is drawing much interest from economists, policymakers and media around the world as developed countries struggle to overcome the global downturn. Yet, common misunderstandings about China are increasing as more people unfamiliar with ...
BEIJING: Chinese exporters who made a big push only a year ago to bill in euros are increasingly turning their backs on the wounded European currency and demanding dollars instead. By contrast, Beijing last week said a report saying it was reviewing the euro portion in its ...
BEIJING - China's exports for June hit a record high since July 2008 and the trade surplus also surged to the highest this year, but economists insisted such strong momentum cannot be sustained and there is little possibility that the yuan will gain by large margins, as widely ...
BEIJING - China's foreign exchange regulator said Thursday it will keep the exchange rate of the yuan, China's currency Renminbi (RMB), basically stable at a reasonable and balanced level. In a Q&A statement on its website, the State Administration of Foreign Exchange (SAFE), the ...
BEIJING: China will maintain an appropriately loose monetary policy but will use its various monetary policy tools flexibly, the central bank said on Thursday. The People's Bank of China, echoing its statement of June 19 when it ended the yuan's 23-month-old peg to the dollar, ...
China bought a net 735.2 billion yen ($8.3 billion) of Japanese bonds in May, more than doubling purchases for this year as it heads for the biggest annual increase since at least 2005. China's purchases of Japanese bonds exceeded sales by 1.28 trillion yen since January, after ...
HANGZHOU - The fall of the euro against the yuan has prompted more Chinese to travel to European countries, as they look to pick up luxury brands on the cheap. Li Yaoyi, resident of Hangzhou, capital of Zhejiang province, has just finished a fruitful trip. "A 1,000-euro ($1,260...
HONG KONG: The city's residential property market will probably slow in the next two months as expectations grow that China will allow the yuan to appreciate, Credit Suisse Group AG said in an Asian market report on Tuesday. A higher yuan may damp investment in Hong Kong's ...
As the nation mourned the victims of an earthquake that hit Yushu, Qinghai province a week ago, China announced Wednesday that the deposit reserve requirement for financial institutions in the quake-hit areas will be lowered by 1 percentage point to encourage lending for disaster ...
SHANGHAI - There is a greater probability of yuan appreciation in the second quarter as China steps up curbs on home loans to help deter speculative capital inflows, China International Capital Corp (CICC) said. The State Council said last week banks should stop loans for third...
SAFE vows to beef up controls of cross-border capital movement BEIJING - A Chinese Academy of Social Sciences (CASS) economist on Monday warned against drastic increase in short-term speculative capital inflows, especially in the coming months while the country's foreign exchange ...
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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 ...