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EU Ambassador: Wrong to Publicly Pressure China to Appreciate Currency

An European Union top diplomat said here on Wednesday that the exchange rate was a "very complex issue" and pressure should not be put on China's currency. "Discussions should be made behind closed doors, and I'm not sure that we progress to pressurize China by taking microphones...

China Opposes Trade Protectionism in All Its Forms

China on Thursday voiced its support for the liberalization of global trade and opposition to trade protectionism in all its forms in order to pave the way for the economic recovery in the world at large. The statement came as Li Baodong, the permanent Chinese representative to ...

HK's Jobless Rate Falls to 4.6%

Hong Kong's unemployment rate fell to 4.6 percent in the December to February period, from 4.9 percent in the November-January quarter, the Census and Statistics Department said on Thursday. According to the department, the 4.6 percent figure was the lowest since November 2008 to ...

New Economic Zones to be Built to Enrich W China

The cities of Chengdu and Chongqing are famous for their different kinds of hot pots and there are endless arguments about which one is more delicious or spicier. It will only take 56 minutes by train for people from Chengdu to eat hot pot in Chongqing when the high-speed railway ...

China's Economic Restructuring to Benefit World Economy

The transformation of China's economic growth pattern will provide new opportunities for the world economy, a senior economist said here Sunday. As the world's third largest economy, China imports a trillion-plus U.S. dollars worth of goods every year and is becoming the largest ...

Economic Rebalance Biggest Challenge for China

China's biggest economic challenge is the need to rebalance the economy in order to achievesustainable long-term growth, says Haruhiko Kuroda, president of Asian Development Bank (ADB). "Rebalancing the economy is not only a key challenge for the whole world, but also the biggest ...

China's Premier: Increasing Domestic Demand a Long-term Strategy

Chinese Premier Wen Jiabao said here Monday that China would steadfastly stick to the practice of expanding its domestic demand, which is considered a long-term strategy. Though China had generally done well in combatting the impact of the global financial crisis, the crisis had ...

China Forecasts Q1 Inflation rate Between 2 to 2.5%

China's year-on-year inflation rate was expected to be between 2 to 2.5 percent for the first quarter this year, the country's top economic planner said here Tuesday. The consumer price index (CPI), a main gauge of inflation, would see a "moderate increase" in the first quarter, ...

Singapore, Zhejiang Seek New Frontiers in Co-op

Economic collaboration between Singapore and China's Zhejiang province received another boost as Singapore companies and Zhejiang cities inked agreements to partner each other at the sixth Singapore-Zhejiang Economic and Trade Council (SZETC) meeting here on Tuesday. At the ...

China to Issue 26 bln Yuan 10-year T-bonds

China's Ministry of Finance (MOF) announced Wednesday it would issue a batch of ten-year book-entry treasury bonds with a total par value of 26 billion yuan (3.8 billion U.S. dollars) starting on Thursday. The batch is the 7th of its kind the MOF has issued this year. The issue ...

China's 1st Int'l Co-op Platform for Low-carbon Economy Launched in Tianjin

China's first international cooperation platform for boosting low-carbon economy has been established at Tianjin Economic Development Area (TEDA) in the northern China's industrial hub. Named TEDA Eco Center, the newly established has recruited 18 senior advisors and partners, ...

Macao's GDP up 1.3% Last Year

Secretary for Economy and Finance Francis Tam Pak Yuen has announced that Macao's gross domestic product (GDP) grew 1.3 percent last year from the previous year, the local Macao Post Daily reported on Friday. Tam, who revealed the figure Thursday in a speech addressing an annual ...

China Calls for Bilateral Consultations Over Trade Friction with U.S.

China urged Thursday bilateral consultations, dialogue and communication on an equal footing in solving China-U.S. trade frictions. "We maintain that it is imperative to seek a mutually beneficial and win-win solution to some problems and frictions in the Sino-U.S. trade and ...

China has "Sufficient Labor Pool for Next 40 Years"

Although facing an aging population, China will be able to maintain its development thanks to a sufficient labor supply for at least the next 40 years, a counselor to China's Cabinet on population issues has assured. Relaxing the one-child rule in cities is not necessary to ...

Chinese Mainland, Taiwan to Hold 2nd Expert-level Talks on Economic Pact

Experts from the Chinese mainland and Taiwan will hold their second round of talks in Taipei from Wednesday to Thursday, to pave the way for a long-awaited economic deal that is expected to boost cross-Strait economic ties. The two sides had worked hard to speed up the consultati...

Macao's CPI up 2.57% in February

Macao's composite CPI (consumer price index) for February 2010 increased notably by 2.57 percent year-on-year to 103.27, according to figures released on Monday by the city's Statistics and Census Service (DSEC). Price indices of Recreation and culture, Transport, Clothing and ...

China, Belarus Agree to Begin Yuan or Ruble Settlement

The People's Bank of China (PBOC), the central bank, announced Thursday it has signed an agreement with the central bank of Belarus, under which bilateral trade can be settled with the Chinese yuan or Belarussian ruble. The move would help deepen economic cooperation, and ...

HK Retail Sales Value in February up 35.8% Year-on-year

The value of total retail sales in Hong Kong in February 2010 was provisionally estimated at 26.9 billion Hong Kong dollars, up 35.8 percent over a year earlier, according to a release by Hong Kong's Census and Statistics Department (C&SD) Tuesday. A Government spokesman says ...

China to Create Favorable Investment Environment for Foreign Firms

China will continue to deepen its opening-up policy and strive to create favorable investment environment for foreign companies, Vice Premier Wang Qishan said on Tuesday. Wang made the remarks while meeting with former French Prime Minister Jean-Pierre Raffarin, who is in Beijing ...

China's PMI of Manufacturing Sector up in March

The Purchasing Managers' Index (PMI) for China's manufacturing sector stood at 55.1 percent in March, up 3.1 percentage points from last month, the China Federation of Logistics and Purchasing (CFLP) said Thursday. It was the 13th straight month that the index was above 50 ...
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