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Copper imports may increase 25%

High copper prices will persist for many years, said Diego Hernandez, chief executive officer of Codelco. [Photo / China Daily] NEW YORK - Chinese copper imports in June may jump 25 percent compared with April as consumption and investment demand rise, said Jesse Jiang, the ...

Fears over hot money from QFLP aired

Skyscrapers in the Lujiazui financial district in Shanghai, the fist city to release a qualified foreign limited partner policy. [Photo/Agencies] BEIJING - Concerns about the inflow of so-called hot money are being raised about Shanghai's pilot scheme allowing qualified foreign ...

Banks may see revenue drop

The China Banking Regulatory Commission launched a series of measures on Tuesday to encourage specialized financial services for small and medium-sized enterprises because of financial difficulties from monetary-tightening policies by the central bank. [Photo/China Daily] Report ...

QE2's end may lower inflationary pressure

US Federal Reserve Chairman Ben Bernanke speaking recently at Georgetown University in Washington. Bernanke sent out a strong signal on Tuesday that the Fed is not planning to change its monetary policy despite weaker economic data. [Photo/Agencies] US economic recovery ...

Dollar holdings risky, SAFE official warns

The US federal budget deficit is expected to reach $1.4 trillion this year and to remain high for several years. [Photo/for China Daily] BEIJING - China should guard against risks from "excessive" holdings of US assets because Washington could pursue a policy to weaken the dollar...

China's yuan retreats to 6.4830 against USD Thursday

The Chinese currency Renminbi, or the yuan,lost 35 basis points to 6.4830 per U.S. dollar on Thursday, according to the China Foreign Exchange Trading system. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading ...

Banks may see revenue drop in China

China's commercial banks are likely to face revenue declines in the second half of this year, assuming that the central bank further tightens monetary policies to tame soaring inflation. The People's Bank of China (PBOC), the central bank, may continue to curb excessive liquidity ...

Banks May See Revenue Drop

The China Banking Regulatory Commission launched a series of measures on Tuesday to encourage specialized financial services for small and medium-sized enterprises because of financial difficulties from monetary-tightening policies by the central bank. [Photo: China Daily] China...

CBRC announces measures to aid small businesses

A company from Foshan, Guangdong province, displays its sunglasses, designed specially for drivers, at an expo of small and medium-sized enterprises in Guangzhou. [Photo/China Daily] BEIJING - The China Banking Regulatory Commission (CBRC) on Tuesday announced a series of ...

'Hometowns' battle to claim their celebrities

As Li Na ended her campaign in France to become Asia's first Grand Slam singles winner, another battle commenced at home. Li Yanping, the new champion's mother, was on a trip to her uncle's native county of Xinhua in Hunan province on Saturday when the final began in Paris. When ...

Textile industry rues cotton price volatility

The volatile price of cotton is making times harder for China's textile industry, which has already been squeezed by higher labor costs and the appreciation of the yuan. Many textile makers, especially smaller concerns, increased their stock of the raw material last year to hedge ...

Benchmark hits four-month low

FAW Car Co dropped 1 percent to 13.42 yuan ($2.07) on Thursday after the 21st Century Business Herald said China's passenger car sales decreased. [Photo / China Daily] Concern that tightening policies will hurt earnings prompt retreat SHANGHAI - Stocks on the Chinese mainland ...

China's yuan strengthens 40 basis points to hit 6.4846 per USD Friday

The Chinese currency Renminbi, or the yuan,strengthened 40 basis points to hit 6.4846 per U.S. dollar on Friday, according to the China Foreign Exchange Trading system. The yuan's central parity rate reached an all-time high of 6.4837 per U.S. dollar on Wednesday. On China's ...

China's yuan weakens 49 basis points to hit 6.4886 per USD Thursday

The Chinese currency Renminbi, or the yuan,weakened 49 basis points to hit 6.4886 per U.S. dollar on Thursday, according to the China Foreign Exchange Trading system. The yuan's central parity rate reached an all-time high of 6.4837 per U.S. dollar on Wednesday. On China's ...

Factory output slowing

Manufacturing index declines amid fears over economic growth BEIJING - The purchasing managers' index (PMI), a key gauge of manufacturing activity, hit a nine-month low in May, sparking fears that ongoing monetary tightening measures may slow economic growth. But analysts said ...

China's yuan hit a new high at 6.4837 per USD Wednesday

The Chinese currency Renminbi, or the yuan,strengthened 8 basis points to an all-time high at 6.4837 per U.S. dollar on Wednesday, according to the China Foreign Exchange Trading system. The yuan's fresh central parity rate scrapped the previous record of 6.4845 per U.S. dollar ...

Markets continue losing streak - May 30

China Vanke Co fell 1.3 percent to 7.80 yuan ($1.2) on Monday. It's Vanke's lowest close since July 21 last year. [Photo/China Daily] Investors remain jittery at prospect of new rates hikes, property taxes SHANGHAI - Stocks on the Chinese mainland stocks fell for an eighth day, ...

China's steady pace of RMB internationalization

The news that China is examining policies to allow foreign investment directly in RMB in China is a further step in internationalization of its currency. Consideration of this policy was announced by Li Bo, director of the Monetary Policy Bureau at the People's Bank of China, in ...

HSBC Survey: Chinese upbeat about retirement

Up to 67 percent of Chinese believe that they will be better off than their parents after retirement, according to a survey by HSBC. This optimistic attitude puts China in second place following India, which recorded 69 percent far exceeding developed countries. In a survey of 17...

China's yuan up 11 basis points to new high at 6.4856 per USD Tuesday

The Chinese currency Renminbi, or the yuan,strengthened 11 basis points to an all-time high at 6.4845 per U.S. dollar on Tuesday, according to the China Foreign Exchange Trading system. The yuan's fresh central parity rate scrapped the previous record of 6.4856 per U.S. dollar ...
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China's reform leading group holds first meeting
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China stocks close higher over liquidity injection
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China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
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China cuts retail oil prices
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GM China chairman to retire
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Super car club in commercial drive
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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
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Stars 'Big Three' fall short of title in 1st year
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Injured star short-track skater Wang Meng left out of China's squad for Sochi
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