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Cross-border yuan trade settlement may expand nationwide

China is making more aggressive steps to make its currency more international. The Securities Daily reported on Tuesday that a wider use of the yuan in foreign trade is being planned and could be announced as soon as April. "All the 11 provinces and cities that are not on the ...

Hong Kong's jobless rate falls to 4% on economic growth

Hong Kong's seasonally adjusted jobless rate fell to 4 percent in October to December from 4.1 percent in September to November, helped by the sustained economic growth and job gains, the Census and Statistics Department of Hong Kong government announced on Tuesday (Jan 18). The ...

The 108th Canton Fair opens

The 108th Session of China Import and Export Fair, also known as Canton Fair opens in Guangzhou's Pazhou complex on October 15th. Exporters attend the fair with both joys and worries. The organizers raised the rental fee to ensure that low-value-added exporters would not dominate ...

Profit down for Christmas exporters

Wang Yuanyuan Although overseas orders for Christmas ornaments increased by about 30 percent this year, many Shenzhen manufacturers were not happy because of a fall in profits. According to ornaments manufacturers, factors such as sharp increases in the cost of materials and ...

Shenzhen sees record monthly exports in Nov.

Shenzhen exports reached a record high of US$22.73 billion in November, a year-on-year 41.6 percent growth, according to Shenzhen Customs on December 14. It was the first time the city had seen a monthly export volume exceeding US$20 billion. Driven by record exports in November, ...

Senior executive confident of grain supply, relieving public worries about inflation

Chinese leading grain, cooking oil and food enterprise COFCO on Thursday tried to ease public concerns over inflation, saying China is able to stabilize grain prices this year thanks to "substantial reserves." The message by Ning Gaoning, chairman of COFCO, came after soaring ...

Hong Kong people leave mainland over high costs

Some Hong Kong citizens who had moved to Guangdong Province due to its cheaper living costs are now returning as prices and the yuan rise. During the Spring Festival, more Hong Kong citizens were seen heading south at major border crossings along with Guangdong natives, who ...

Foreign firms in S. China cut investment, move inland-survey

The latest American Chamber of Commerce special report on the state of business in South China found budgeted investment by hundreds of its members would fall to $8.6 billion this year, from around $9.5 billion last year. The cutbacks were attributed to a redirection of foreign ...

City faces shortage of labor

Shenzhen had been facing a labor shortfall of over 250,000 in the wake of the Spring Festival, according to Chinese-language media reports. Around 70 percent of the city s labor-intensive enterprises suffered a labor shortage, especially in a dire demand for general workers, ...

Premier Wen Reaffirms Chinese Positions on Global Issues

BRUSSELS, Oct. 6 (Xinhua) -- Visiting Premier Wen Jiabao has elaborated Chinese positions and perspectives on various issues, including the world economic recovery, at the eighth Asia-Europe Meeting (ASEM) and other occasions. At the two-day summit which concluded here Tuesday, ...

China's Yuan Advances to 6.6371 per USD Friday

BEIJING, Dec. 24 (Xinhua) -- The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6371 per U.S. dollar Friday, compared with Thursday's 6.6466, according to the data released by the China Foreign Exchange Trading System. At present, the ...

Senior Chinese Official Calls for Enhanced Trade, Economic Cooperation with EU

BEIJING, Dec. 29 (Xinhua) -- A senior official from China's Ministry of Commerce called for enhanced trade and economic cooperation between China and the European Union (EU), prior to Chinese Vice Premier Li Keqiang's upcoming visit to three EU nations. In a recent interview with ...

Foreign Media React Positively to President Hu Interview

BEIJING, Jan. 18 (Xinhua) -- Major foreign media have been positive in their coverage of Chinese President Hu Jintao's recent interview with two U.S. newspapers. On the eve of his state visit to the United States, Hu answered questions concerning major domestic and international ...

Chinese Premier Seeks Opinions on Gov't Work Report, Economic Blueprint

BEIJING, Feb.11 (Xinhua) -- Representatives from different sectors have given feedback on drafts of the government work report and China's economic and social development blueprint for the next five years, the State Council, China's cabinet, said Friday. Premier Wen Jiabao ...

Chen Run'er Urges to Improve Management Service for Rural Migrant Workers

Secretary of the CPC Changsha Municipal Committee Chen Run'er presided over a standing committee meeting on Dec.5 to explore ways of improving management services for rural migrant workers. Priorities should be given to implementing the policies and regulations issued by the CPC ...

240 million USD was concluded at the 108th Canton Fair

240 million USD was concluded at the 108th Canton Fair 2010-11-17 14:08:12 113 enterprises of our city attended the 108th Canton Fair, which run from October 15 to November 4. The transaction of these exhibitors participating totaled 240 million dollars, up 2.2% compared with the ...

China Nov. exports down 2.2% in first fall since June 2001

From: Date:2008.12.10 Today View/Total View: 2/2 China's exports totaled 115 billion U.S. dollars last month, down 2.2 percent year-on-year in the first monthly decline since June 2001, the General Administration of Customs (GAC) said on Wednesday. The previous decline, a much ...

China to continue easy monetary policy

Source: CCTV.com 02-24-2009 10:55 The Chinese government will continue its "moderately easy" monetary policy in 2009, and give top priority to stable economic growth. The People's Bank of China made the statement in an report on fourth-quarter monetary policy. The Chinese ...

Analysts still expect yuan to appreciate

Source: China Daily 12-04-2008 08:47 The yuan's steep fall this week does not signal a major shift in China's foreign exchange policy, and the long-term trend of yuan appreciation will not change, analysts said. But it should not appreciate too fast as to make it unaffordable for ...

China's foreign trade growth to expand

China could record trade deficits in some months this year, as import growth outpaces that of exports. Commerce Minister Chen Deming, says it will help balance trade. Commerce Minister Chen Deming told a press conference today that China's exports will see a mild increase this ...
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Super car club in commercial drive
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China's banks must evolve or perish
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