finance

But senior economist says that this is not necessarily "hot money" BEIJING - China is facing increasing pressure from capital inflows due to increasing foreign direct investment and capital brought in by commercial banks, its foreign exchange regulator said on Friday. But a ...
Mainland's biggest developers are borrowing record amounts in Hong Kong, taking advantage of lower interest rates to circumvent a lending crackdown at home. While banks demand at least 5.2 percent in annual interest for three-to-five year money in the mainland, the cost of credit ...
China may revise its currency policy, as a central bank report said Monday it would manage the yuan "with reference to a basket of currencies", the Economic Information Daily reported Tuesday. The People's Bank of China said in a monetary policy report that it will improve the ...
China should raise benchmark deposit rates as a defensive move to stabilise inflation expectations, a central bank adviser said in comments published on Wednesday. More worrisome than the 2.8 percent rise in consumer prices in the year to April was the 0.2 percent month-on-month ...
China's inflation rate, export growth and bank loans exceeded economists' forecasts in May, Reuters reported, spurring an rally in stocks by showing no evidence Europe's debt crisis is impairing the Chinese expansion. Consumer prices rose 3.1 percent from a year earlier, exports ...
SHANGHAI: China should maintain a stable and sustainable monetary and fiscal policy, and also leave room for necessary policy restructuring, deputy governor of the nation's central bank said on Saturday. "We should keep the policy flexible and leave room for adjustment," said Yi ...
SHANGHAI - Married for less than two years, 29-year-old Zhang Jia, a secretary at a multinational company, is planning her second honeymoon because, as she said, a vacation in Europe now seems affordable after the rise in the value of the yuan against the euro. A typical group ...
China's manufacturing expanded at a slower pace for a second month in June, adding to signs that growth in the world's third-largest economy is moderating. The Purchasing Managers' Index fell to 52.1 from 53.9 in May, the Federation of Logistics and Purchasing said in an e-mailed ...
SHANGHAI - China may let Hong Kong subsidiaries of domestic brokerages and fund managers facilitate investments of offshore yuan deposits back into mainland capital markets in a pilot scheme as soon as this year, local media said on Thursday. Under the scheme, dubbed "mini-QFII", ...
China's government said the world's third-biggest economy is heading in the right direction and business people and economists expect "relatively fast" growth to continue. Premier Wen Jiabao said the nation will "further cement and develop the positive economic trend," in a ...
BEIJING: The managers of China's hoard of currency reserves defended their investment record on Tuesday, saying they had avoided big losses during the global crisis and voicing confidence they could achieve stable long-term returns. The State Administration of Foreign Exchange ...
An investigation into this year's speculative "hot money" inflows uncovered 190 cases involving $7.35 billion of funds, a senior official of the State Administration of Foreign Exchange (SAFE) said. In an undated interview with The People's Daily posted on the newspaper's website ...
SHANGHAI - Investors should sell shares of Chinese cement and metal companies as increases in labor costs will curb capital spending in those industries, according to BofA Merrill Lynch Global Research. "We believe the market may have underestimated the negative impact on ...
BEIJING - China's trade surplus would likely fall noticeably this year as exports outlook would not be optimistic while imports would remain robust, Ministry of Commerce spokesman Yao Jian said at a briefing Saturday. Exports growth would slow after July, Yao forecast, adding the ...
BEIJING Proposed US legislation aimed at punishing China unless it lets the yuan rise would not be in line with World Trade Organization rules, China's Ministry of Commerce said on Saturday. US Senator Charles Schumer said on Wednesday he and other colleagues would push for a ...
BEIJING: China's consumer price index rose to a 19-month high in May, but a moderation of growth in factory production and capital spending could further ease worries that the world's third-largest economy runs the risk of boiling over. Consumer prices rose 3.1 percent in the ...
BEIJING - China's central bank said Friday more flexibility would be allowed to guide money policies based upon changing circumstances if inflationary pressures increase during the economic recovery along with rising market confidence.The risk of higher prices may grow stronger ...
HONG KONG - Yuan forwards headed for the biggest gain this year amid mounting calls for China to allow its currency to resume appreciation before leaders from the Group of 20 nations meet on June 26-27 in Toronto. The US Congress may push China to revalue the yuan if the nation ...
Chinese leaders will not discuss yuan-dollar rate in Canada: Official BEIJING - Discussions about the yuan-dollar exchange rate will not be on the agenda at the Group of 20 meeting in Canada next week, Chinese officials said on Friday. Zhang Tao, director of the international ...
China's currency is probably overvalued, not undervalued as Washington complains, a state-run Chinese newspaper said on Thursday, advancing Beijing's push against US demands to loosen up the yuan. China has come under renewed pressure from Washington to free up controls on the ...
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 ...