finance

BEIJING -- The reform of China's exchange rate regime for its currency, the renminbi (RMB), has to proceed with caution to avoid a "big shock" to the world economy, foreign experts said Monday. "There is a perfectly good reason for China to sustain the appreciation of the RMB not ...
BEIJING - China may deploy a mixture of policies to fend off hot money, an official paper cited a central bank executive as saying at the weekend, amid worries that the United States' policies could create unwelcome flows of capital toward China. Free trade deal lifts businesse ...
BEIJING - Chinese shares plummeted the most since Aug 31 last year on Friday, as investors feared more interest rate raise after inflation hit 25 month high in October. The benchmark Shanghai Composite Index lost 5.16 percent, or 162.31 points, to 2,985.44. The Shenzhen Component ...
SEOUL - China's central bank is likely to tighten monetary policy further to fight a flood of liquidity, Jiang Jianqing, the chairman of Industrial and Commercial Bank of China (ICBC), the world's largest lender, told Reuters. Jiang, the only banker on the monetary policy ...
Beijing - The Chinese mainland has approved mutual direct exchange of the yuan and the New Taiwan Dollar (TWD) in Guangdong province, where the Asian Games will open on Friday.The State Administration of Foreign Exchange has permitted two mainland banks -- Industrial and ...
BEIJING - Northwest China's Qinghai province has announced that its minimum wage will increase by 28.8 percent on average beginning in September, becoming the 27th province in the country to make the move this year. The province will raise its minimum monthly wage from 580 yuan (...
A man cycles past the headquarters of Fannie Mae in Washington, DC. China increased mortgage bond holdings, including those of Fannie Mae and Freddie Mac, by nearly $5.6 billion in June, according to US Treasury Department data. [Mannie Garcia / Bloomberg] Nation doubles S Korean ...
Toys are displayed at a booth at the Guangzhou Yide Road wholesale toy market in Guangzhou. The value of China's exports of toys and parts grew by 30.3 percent to $9.34 billion during the first 11 months of this year, only 3 percent of which went to Brazil. [Photo / Bloomberg] ...
Nation's traders hit by appreciation of yuan, lowering of tax rebates BEIJING - A leading Chinese trade think-tank called on the government to ensure there are no major changes to currency and export-related policies, citing the "unhopeful" prospects for Chinese exports in the ...
HONG KONG - China will allow the sale of yuan-denominated financial products in Hong Kong and lift a cap on the purchase of yuan by corporations in the city to meet growing demand for the Chinese currency, newspapers said on Tuesday. The Hong Kong Monetary Authority (HKMA) and ...
BEIJING - The country's high trade surplus will likely remain for the rest of the year as domestic demand continues to shrink from government attempts to curb the property bubble, Chinese analysts have said. Exports in July shot up 38.1 percent from the same period last year, ...
BEIJING - China may overtake Japan as the world's second-largest economy this year, but it remains a developing economy despite its fast pace of growth, economists said. Japan's nominal gross domestic product (GDP), which is not adjusted for price and seasonal variations, was ...
Flaherty says China has major role in global recovery BEIJING - Canadian Finance Minister James Flaherty said on Thursday that the time is right for governments around the world to start withdrawing economic stimulus measures, but admitted that the global recovery remains fragile...
Workers make children's shoes for export at a factory in Fujian province. [Provided to China Daily] Economic rebalancing led to 'significant decline' in surplus BEIJING - The US Treasury did not label China a currency manipulator in its semiannual report to Congress released on ...
BEIJING - Li Xinran, a 26-year-old investor in Beijing bet three times on A-share property stocks, only to end up with losses as the shares' value continue to decline. "They say that you should be greedy when others are fearful. But that doesn't seem true for property stocks," Li ...
A sales broker at a real estate agent replaces a property advertisement in the company's window display in London. The strengthening of the yuan against major currencies in the past two years has meant Chinese buyers can acquire real estate assets abroad at a bargain. [Agencies] ...
Workers put finishing touches to a cement rotary kiln for export at a factory in Jiangsu province. [Xiang Zhonglin / For China Daily] Fragile global recovery, trade protectionism risks, says MIIT BEIJING - Export growth may slow in the second half of this year in China due to ...
President Hu Jintao is introduced to members of the US delegation by US Secretary of State Hillary Clinton as US Treasury Secretary Timothy Geithner watches at the Great Hall of the People in Beijing on Tuesday.[Wu Zhiyi/China Daily] BEIJING - China will chart its own course on ...
US Secretary of State Hillary Clinton gives a speech during her visit to Boeing Shanghai Aviation Services Co, Ltd in Shanghai, East China, May 23, 2010. [Xinhua] BEIJING - The United States pressed China to give "fair access" for foreign companies. At the same time, China ...
Trucks wait to gain access to a China-ASEAN Free Trade Zone logistics center near the city of Pingxiang, Guangxi Zhuang autonomous region. China has expanded yuan settlement initiatives from border zones to its largest financial centers, including Shanghai, Guangzhou and Hong ...
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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 ...