finance

An employee counts banknotes at a China Minsheng Banking Corp branch in Nanjing, Jiangsu province.[China Daily] Editor's Note: To revalue the yuan or not? This has been one of the hottest topics for the past decade and it has become an issue not only for Chinese policymakers but ...
SHANGHAI - China's exports face "strong headwinds" in the second half of the year from policy tightening measures and the European debt crisis, reducing prospects of a rebound in the stock market, Citigroup Inc said. Investors monitor share movements at a brokerage in Ningbo, ...
The mechanism for establishing China's RMB exchange rate could be used to make the country's currency more market-oriented, and inflation might be eased with appreciation of the yuan, a leading Chinese economist told a financial forum in Beijing on Monday. Zhou Qiren, a professor ...
Final declaration calls for steps to get 'full return to growth' TORONTO - Leaders of the G20 nations and organizations arrived in Toronto with divergent agendas. But they ended their two days of discussions with the "spirit of unity" that Chinese President Hu Jintao called for ...
TORONTO - Visiting President Hu Jintao called for a "spirit of unity" from world leaders to shake off the impact of the financial crisis, as the global economy continues to face "systemic and structural" risks with its recovery still unstable. President Hu Jintao and his US ...
TORONTO - China will not bow to pressure from the outside world on revaluing the renminbi and any changes in the nation's foreign exchange will be made on China's own terms, Chinese officials heading to the G20 summit in Toronto said at a press briefing. Ma Xin (left), director...
A pedestrian walks through the entrance of the State Administration of Foreign Exchange. [Nan Shan / for China Daily] BEIJING - Europe would remain one of the major markets for China's more than $2.4 trillion foreign exchange reserves despite the continent's sovereign debt woes, ...
A man checks the scales before buying a piece of pork at a market in Beijing. Rising pork prices may be a source of uncertainty in the second half of the year. [Agencies] BEIJING - Despite the expected year-on-year rise in China's consumer prices in June, inflationary pressures ...
A Chinese culinary exhibition is held at the Shanghai Hotel earlier this year. For Shanghai, the immediate concern of hoteliers is to find beds for visitors flooding in to visit the World Expo. [China Daily] SHANGHAI: With the continuous influx of foreign visitors to China, ...
Foreign ministry says currency not to blame for American trade deficit BEIJING - China's Foreign Ministry on Monday hit back at calls by the United States for the country to soon let the yuan rise in value amid fresh pressure from US politicians for faster yuan appreciation ahead ...
BEIJING - Faster-than-expected export growth in May is unlikely to prompt the government to have a major rethink of its current policies on trade and the currency. Yao Jian, spokesman for the Ministry of Commerce, said the "stability" of China's trading policy is "paramount", ...
China's refined copper imports dropped by 4.3 percent in the first five months to 1.34 million tons.[China Daily] BEIJING - Industrial metals extended gains on Tuesday in Shanghai, amid expectations that a more flexible yuan would boost China's imports of copper and zinc. Zinc ...
Domestic consumption boost vital for strong growth momentum WASHINGTON/BEIJING - China must gradually phase out stimulus policies and focus on boosting domestic consumption to maintain its strong growth momentum amid rising inflation and the unfolding European debt crisis, senior ...
A man walks past a collage of various international currencies at a money exchange store in Hong Kong. Provided to China Daily Gradual appreciation of currency will help promote structural adjustment of export-oriented firms Editor's note: The decision by the People's Bank of ...
PBOC: No drastic fluctuation in value of the yuan BEIJING - China will be able to keep inflows of speculative capital under control even if the latest clarifications on its yuan policy trigger any influx of "hot money", a former central bank adviser has said. The People's Bank of ...
Beijing began a trial program aimed at settling cross-border trade by using the yuan on Wednesday, allowing local enterprises to cut costs and avoid exchange rate risks with their international transactions at a time when the appreciation of the yuan has become a problem for many ...
BEIJING China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty. Migrant labourers work at a construction site for a railway in Shanghai July 27, 2010. ...
Vince Cable, UK Business Secretary, has welcomed China's currency moves. [Bloomberg] FARNBOROUGH, UK - British Business Secretary Vince Cable on Monday reiterated that China is a "good trade partner", and he looks forward to visiting the nation soon. Cable's endorsement comes ...
A worker arranges tinsel and other yuletide products at the Youlide Arts and Crafts factory in Yiwu, Zhejiang province, on Nov 18. Almost 60 percent of the world's Christmas products come from China, however many manufactures are considering pulling out of the business because of ...
Photo taken on Nov 18, 2010 shows a teller counting the Renminbi at a bank in Qionghai city, South China's Hainan province. China's central bank will raise the one-year lending and deposit interests rate by 25 basis points from Dec 26, 2010, according to a statement posted on 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 ...