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Yuan forwards strengthen: An employee counts bank notes at a China Minsheng Banking Corp branch in Nanjing, Jiangsu province. [China Daily] Traders increase bets as currency appreciation speculation mounts SHANGHAI: Yuan forwards strengthened the most in a week on growing speculation China will allow the ...

10 m yuan not enough to retire on, don warns: A statement by a top financial professor that people in big cities like Beijing may need at least 10 million yuan in savings for retirement has triggered hot debate. Zhong Wei, professor of Beijing Normal University and a leading economist, said in an article in a business ...

US delays yuan report 'to prevent showdown': BEIJING - US Treasury Secretary Timothy Geithner said on Saturday he was delaying an April 15 report on whether China manipulates its currency, amid growing debate on the revaluation of the yuan. "A move by China to a more market-oriented exchange rate will make an essential ...

Yuan issue is China's internal matter: ADB chief: Haruhiko Kuroda, president of Asian Development Bank (ADB), speaks during a press conference in Tashkent, Uzbekistan, May 1, 2010. [Xinhua] TASHKENT: When and how the exchange rate of Chinese yuan should be adjusted must be decided by the Chinese government, the president of the ...

Trade measures signal more active response: BEIJING - The government announced on Wednesday that it would slap anti-subsidy duties of up to 31 percent on chicken products from the United States - the move coming hot on the heels of a series of such cases initiated against the US during the past two weeks. The Ministry of ...

Realty curbs will not pinch growth: Construction workers take a rest outside a property project in Beijing's central business district.[China Daily] Measures unlikely to trigger an increase in bad debts for lenders, say experts BEIJING - The recent government measures to cool the red-hot property market will not ...

China to proceed with RMB reform, keep stimulus: BRUSSELS - China will continue to proceed with the reform of its currency yuan, or RMB, and keep its fiscal stimulus in place for now, Chinese Minister of Commerce Chen Deming said on Friday. China's Commerce Minister Chen Deming (L) and European Union Commissioner for Trade ...

More US high-tech coming: US Secretary of Commerce Gary Locke (center) attends the opening ceremony of a cancer medical center at Beijing United Family Hospital on Friday. [Yang Shizhong / China Daily] BEIJING - US Commerce Secretary Gary Locke said on Friday that the US government is expected to ...

US urged to match talk with action: Vice-Premier Li Keqiang (right) shakes hands with US Commerce Secretary Gary Locke at a meeting in Beijing on Thursday. [Wu Zhiyi / China Daily] Export-control reform is only way to prevent 'bottleneck' in trade ties BEIJING - The United States should take substantive measures to ...

Greek contagion fear stalks global markets: A statue which depicts a woman holding up the symbol of the euro is seen at the European parliament in Brussels. [Provided to China Daily] BEIJING - The contagion from the Greek deficit crisis has started to spread across the globe, prompting economists to express concern over ...

May Day chill grips housing industry: A woman walks past an advertisement for a new apartment complex in Shanghai. [Bloomberg] BEIJING - Property transactions in China's major cities plummeted during the May Day holiday - traditionally a hot season for home sales, as the government's tightening measures began to take ...

Rate hikes around the corner: An employee counting banknotes at a Huaxia Bank branch. China's central bank on Sunday hiked the reserve requirement ratio by 50 basis points, effective from May 10. [China Daily] BEIJING - China could raise interest rates after the release of the second-quarter economic data in ...

US to increase exports to cut trade deficit: WASHINGTON - The United States will try to boost exports to China - rather than limit imports from the country - to reduce its huge trade deficit, US Secretary of Commerce Gary Locke has said. Gary Locke, US secretary of commerce, is expected to lead a trade mission to China in ...

Policymakers may opt for balanced approach to combat price rises: Two workers at a construction site in Beijing. Amid global uncertainty, the government may adopt more flexible measures on the property sector to ensure economic growth, economists said. [China Daily] BEIJING: Policymakers are expected to adopt a more prudent stance towards ...

EU's massive bailout to affect China: Analysts say impact will be felt on many sectors in China BEIJING - A nearly $1 trillion rescue package to prevent the Greek sovereign debt crisis spreading in Europe will impact on various facets of the Chinese economy, analysts have said. EU Economic and Monetary Aff airs ...

Trade surplus plunges, easing pressure on yuan: Exports 'to gear up in 2nd half' BEIJING - China's trade surplus nosedived 87 percent from a year earlier to $1.68 billion in April, a drop analysts said will ease the pressure on revaluation of the yuan. Exports surged 31 percent to $119.9 billion while imports soared 50 percent ...

FDI rise indicates confidence: Foreign capital likes situation it sees in China Beijing - China's foreign direct investment (FDI) grew by nearly 25 percent in April, an indication that the country remains a favorite destination for foreign capital. The Ministry of Commerce said on its website on Friday that ...

Mundell calls for yuan's inclusion in IMF basket: BEIJING - Nobel laureate Robert Mundell on Thursday called for the Chinese currency to be included in the basket of the special drawing rights (SDR) regime of International Monetary Fund (IMF) this year. He also said yuan should not appreciate and a steady yuan is important for ...

China exports surge but Europe debt crisis looms: A worker rides past piles of containers at a port in Yingkou, Liaoning province June 10, 2010. China's exports rose 48.5 percent in May from a year earlier and imports were up 48.3 percent, the General Administration of Customs said on Thursday. [Agencies] BEIJING - China's ...

Trade surplus set to widen in May: A truck driver unloading containers at Longtan Port in Nanjing. [China Daily] Foreign exchange policy reform may be announced soon, say analysts BEIJING - The trade surplus for May is expected to far exceed the $1.68 billion mark of April, triggering speculation that an impending ...

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