finance

WASHINGTON - A senior Chinese trade official said on Wednesday that the appreciation of renminbi, the Chinese currency, is not "a good recipe" for solving US-China trade deficit. "US-China trade deficit is caused by the shift in international division of labor and of industries ...
SANYA: Housing prices in China are likely to be stable in 2010 and the number of houses to be sold will drop, an expert said at a real estate session of Boao International Tourism Forum on Saturday. "In 2010, housing prices will be stable in general, and I believe that fewer ...
The US trade deficit with China results from a myriad of factors, and pressuring China to revalue its currency won't solve the issue, a leading US economist said today. Joseph E. Stiglitz, Columbia University professor and Nobel laureate, said there are many other ways for the US ...
China stepped up resistance Friday to US pressure over currency, calling on Washington to cool its "politicization and emotionalization" of the issue and warning a further rise in its yuan could drive exporters out of business. Beijing is trying to head off pressure from US ...
China will conduct a new round of stress tests late March to see how much yuan appreciation domestic and foreign comapnies in Shanghai and the provinces of Guangdong, Zhejiang and Jiangsu and can withstand, the 21st Century Business Herald reported on Thursday. The Ministry of ...
BEIJING - China on Thursday defended its exchange rate policy, saying the value of its currency, the renminbi (RMB), was not the major cause of the US trade deficit with China. "It is unfair and harmful to continuously depreciate a country's own currency and ask other countries ...
China's Ministry of Finance may conduct yuan stress tests starting at the end of this month, the 21st Century Business Herald reported today, without citing anyone. The ministry may send teams to Shanghai and the provinces of Zhejiang, Jiangsu and Guangdong to conduct stress ...
BEIJING - Disagreements between China and the United States that once provoked fears of a trade war may be cooling down now after Friday's telephone conversation between Presidents Hu Jintao and Barack Obama. The development came after China announced on Thursday Hu's plan to ...
If renminbi appreciates by 3 percent, Chinese manufacturers of household appliances, vehicles and cell phones will see a profit decrease of 30 to 50 percent, and some small and medium-sized enterprises may face losses, Economic Information Daily reported Friday, citing test ...
BEIJING - The United States' controls on exports to China have exacerbated the bilateral trade imbalance, and yuan appreciation will not solve the problem, China's Commerce Minister Chen Deming said Tuesday. Chen was commenting on the yuan exchange rate issue for the second time ...
A sound and stable China-US economic and trade relationship is more important than ever and the trade between the two countries is a win-win game, said Chinese Vice Commerce Minister Zhong Shan in an article published on Friday's Wall Street Journal. "China-US trade and economic ...
BEIJING - China has never manipulated its exchange rate for international trade benefits, said Foreign Ministry spokeswoman Jiang Yu Tuesday. Jiang was speaking in response to a question on China's attitude towards the US government's delay of a report on exchange rate policies ...
BEIJING - Chinese economic and financial experts said here on Tuesday that multinational companies (MNCs) involved in the processing trade in China have contributed most to China's trade surplus. Zhang Yansheng, director of the Institute for International Economic Research under ...
SHANGHAI - Four memoranda of understanding for cooperation between Shanghai and Taipei were signed on Tuesday during Shanghai Mayor Han Zheng's maiden visit to Taiwan, a move that marked increasingly active relations between cities across the Straits. The memoranda, the first on ...
BEIJING: China's decision to cut its short-term foreign debt quota was aimed at preventing irregular cross-border fund inflows and curbing speculative money inflows, analysts said Friday. The government cut its short-term external debt quota by 1.5 percent for 2010 compared with ...
China's trade surplus in 2010 will fall steeply, commerce ministry spokesman Yao Jian told a news conference on Monday. He also said the yuan had been rising against the euro and that this would have an impact on Chinese exports. China recorded a $196.1 billion trade surplus last ...
CHICAGO - Highly effective investment in infrastructure by the Chinese government and the urbanization process in China will ensure the continuous rapid growth of the Chinese economy in the next 20 years, said a distinguished economist on Saturday. Justin Yifu Lin, chief ...
CHICAGO - Highly effective investment in infrastructure by the Chinese government and the urbanization process in China will ensure the continuous rapid growth of the Chinese economy in the next 20 years, said a distinguished economist on Saturday. Justin Yifu Lin, chief ...
VIENNA -- Chinese Minister of Commerce Chen Deming stressed Wednesday that, especially under the current financial crisis, the exchange rate stability is the most important, which is not only a national responsibility, but also a responsibility for the world economic recovery. At ...
Bilateral meet to discuss high-tech export controls, protectionism BEIJING - China's currency policy is unlikely to be a major issue at next week's high-level dialogue between Chinese and the US officials as pushing too hard over yuan appreciation would do little to break the ...
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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 ...