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China's 2011 money supply back to normal level: Official

BEIJING - 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 ...

14% credit growth predicted for 2011

BEIJING - China might introduce more tightening measures with credit growth standing at 13 to 14 percent next year, China Construction Bank Chairman Guo Shuqing said on Tuesday. "The country is steering its monetary policy back to normal, We expect there will be more interest ...

China launches new commercial debt product

SHANGHAI - Three Chinese companies will issue China's first "super and short-term commercial paper" (SCP), Reuters reported Wednesday, citing the National Association of Financial Market Institutional Investors (NAFMII). China National Petroleum Corp (CNPC), Sinopec Corp and the ...

China's yuan central parity rate weakens agaist USD

BEIJING - The central parity of the Renminbi (RMB), or China's currency yuan, weakened to 6.7901 per US dollar on Tuesday from Monday's 6.7890, according to the data released by the China Foreign Exchange Trading System. On Monday, the central parity of RMB against the US dollar ...

Yuan hits new record high against USD

BEIJING: The central parity of the RMB, or China's currency yuan, strengthened to 6.7890 per US dollar on Monday, a new record high, according to the data released by the China Foreign Exchange Trading System. On June 25, the central parity of RMB against the US dollar rose to 6...

China leading indicator rises the most in 14 mths: Conference Board

A leading indicator for China jumped by the most in 14 months, adding to signs that the world's third-biggest economy is maintaining momentum as Europe's debt crisis threatens to undermine the global recovery. The measure gained 1.7 percent to 147.1 in April, compared with a ...

China puts 8.5m tons of grain reserve on market

BEIJING - China's top economic planner said on Friday that the country released 8.5 million tons of State-reserved grain and cooking oil from Nov 23 to 26 to ensure market supply meets the demand and to stabilize prices. A total of 25.5 million tons of State-stockpiled grain and ...

China puts more grain reserve on market

BEIJING - China's State grain reserve released 8.6 million tons of grain on to the market from Nov 29 to Dec 3 to ensure market supply and stabilize prices, said the country's top economic planner Thursday. The figure was up by 136,000 tons from the amount the previous week, with ...

HK's underwriting profit jumps 46.6% in 2009

HONG KONG - The Office of the Commissioner of Insurance (OCI) released the Hong Kong insurance business statistics for 2009 on Monday, indicating that the overall underwriting profit grew by 46.6 percent year-on-year to HK$2.2 billion ($283.59 million). The general insurance ...

Loan data prove policies effective: economists

China's new loans last month, nearly half of the figure reported in January, indicated the country's policies to balance loan growth have taken effect, economists said Tuesday. New yuan-denominated loans stood at 700.1 billion yuan ($102.65 billion) in February, compared with 1...

Hot money flow peaks in December

China attracted a total of $48.7 billion of "hot money" in December, the largest amount in eight months, according to China International Capital Corp (CICC). The nation's foreign-exchange reserves rose $10 billion last month, the smallest increase since November 2008, according ...

China reports 1.39t yuan of new loans in January

China's new yuan-denominated lending in January stood at 1.39 trillion yuan ($203.5 billion), down 14.2 percent from a year earlier, the People's Bank of China (PBOC, the central bank) said Thursday. In January last year, Chinese financial institutions issued a total of 1.62 ...

China's health insurance premium nears 48b yuan in first 10 months

China's health insurance premium hit 47.67 billion yuan ($6.98 billion) in the first 10 months this year, according to China Insurance Regulatory Commission on Monday. The figure represented an increase of 17 percent over the same period of last year.

China PBOC raises 3-month bill yield, lowers 3-year

China's central bank sold three-month bills at a higher yield and three-year securities at a lower rate, reflecting Chinese banks' preference for longer-dated debt after the government tightened curbs on property lending. The People's Bank of China sold the shorter-maturity paper ...

China's May manufacturing expands at slower pace

Chinese manufacturing expanded at a slower pace in May, adding to signs that growth may moderate in the world's third-biggest economy. The Purchasing Managers' Index fell to 53.9 from 55.7 in April, seasonally adjusted, the Federation of Logistics and Purchasing said in an e...

Brilliance China sees a 'very satisfying' profit in 2010

HONG KONG: Brilliance China Automotive Holdings said it expects to post a "very satisfying" profit this year on strong demand for cars produced by its joint venture with Germany's Bayerische Motoren Werke AG. The Brilliance-BMW joint venture sold 22,000 cars in the first four ...

SAFE:No big hot money flows into nation

But SAFE admits 'small-scale' speculative funds entered realty BEIJING - China is not facing large-scale cross-border inflows of hot money, the country's foreign exchange regulator said on Tuesday as concerns grow about rising speculative foreign capital. But the State Administra...

China's copper consumption to grow 14% this year

Copper consumption in China, the world's largest consumer of the metal used in appliances and automobiles, may gain 14 percent this year as the economy extends a recovery, according to CRU International Ltd. Consumption reached 5.94 million metric tons in 2009, expanding by more ...

China trims holdings of US Treasuries by 1.3%

WASHINGTON - China trimmed its holdings of US Treasury debt 1.3 percent in February, the fourth consecutive decline. Those reductions are raising concerns that the US government could face higher interest rates to finance its soaring budget deficits. The Treasury Department said ...

Yuan hits new record high against USD Friday

The central parity of the renminbi (RMB), or China's currency yuan, strengthened to 6.7720 per US dollar on Friday, a new record high, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on June 19 that it would further the ...

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china

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 ...

world

market

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 ...

company

industry

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 ...

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sports

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 ...
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