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Are the Interest Rate Increase and RMB Appreciation Favorable or Harmful: On October 20, the People s Bank of China(PBOC)increased the current benchmark interest rates on loans and deposits. Some are happy while others are worried upon hearing the news. It is a common view for many people that "the rich prefer interest rate increases while the poor ...

China's Yuan Eextends Rally to New High against U.S. Dollar Tuesday: The central parity rate of the yuan, China's currency Renminbi (RMB), jumped 113 basis points, or 0.17 percent, Tuesday to a new record high at 6.6997 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. Tuesday's central parity rate beat ...

Yuan Likely to Come up at Sino-EU Summit: The European Union (EU) is very likely to pressure China on currency appreciation at the upcoming Sino-EU summit in Brussels. The EU hinted in a document released at the end of a one-day summit on Thursday that currency policy was high on the list of strategic interests the EU ...

China's Yuan Hits New High at 6.6582 against U.S. Dollar Thursday: The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Thursday as the central parity rate of the yuan was set at 6.6582 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. Thursday's central parity rate beat the ...

Chinese Yuan Reaches New High at 6.6732 per U.S. Dollar Monday: The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Monday as the central parity rate of the yuan was set at 6.6732 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. Monday's central parity rate beat the ...

WB Sees Change in China's Growth Pattern: An expected global slowdown next year could hit exports, but China's consumption remains robust as it reduces dependence on external demand, the World Bank (WB) said on Wednesday. "In China we see a quite different economic growth pattern this year and last because of both ...

Air China, China Eastern Q3 Profits Rise on Domestic Demand, Stronger Yuan: Air China Ltd. and China Eastern Airlines Corp., China's biggest and third-largest carriers by market value, both reported record quarterly profit growth on the back of robust growth in domestic air travel and a strong yuan. Air China said late Thursday its third quarter net ...

China's Yuan Weakens to 6.6441 Per USD Tuesday: The central parity rate of renminbi, or China's currency yuan, weakened to 6.6441 per U.S. dollar Tuesday from Friday's 6.6303, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the inter-bank foreign exchange ...

Chinese Shares Close Mixed Thursday as Oct. CPI Exceeds Expectations: Chinese stocks ended mixed Thursday after official data showed China's consumer price index (CPI) in October surging to 4.4 percent year on year, a 25-month high. The benchmark Shanghai Composite Index rose 1.04 percent, or 32.39 points, to close at 3,147.74. The Shenzhen ...

China's Yuan Weakens to 6.6762 per USD Tuesday: The value of yuan weakened as the central parity rate of renminbi, or China's currency yuan, was set at 6.6762 per U.S. dollar Tuesday, compared with Monday's 6.6700, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to ...

China's Yuan Strengthens to 6.6553 Per USD Friday: The value of yuan strengthened slightly as the central parity rate of renminbi, or China's currency yuan, was set at 6.6553 per U.S. dollar Friday, comared with Thursday's 6.6557, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is ...

China Rolls out Measures to Fight Inflation: The State Council, China's cabinet, announced Sunday a slew of measures to rein in rising commodity prices to ease the economic pressures on the people. Local governments and departments are required to boost agricultural production and stabilize supply of agricultural products ...

China Targets Liquidity to Cool Inflation: China's Ministry of Commerce said on Tuesday it will adopt measures and work in concert with other government agencies to cool the inflation heat prevailing in the country. "We would enhance the connection between vegetable production and sales to stabilize supply and prices in ...

China's Yuan Weakens to 6.6616 per USD Wednesday: The value of yuan weakened as the central parity rate of Renminbi, China's currency, was set at 6.6616 per U.S. dollar Wednesday, compared with Tuesday's 6.6565, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float ...

China's PMI of Manufacturing Sector Rises to 55.2% in Nov.: The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 55.2 percent in November, up 0.5 percentage points from October, the China Federation of Logistics and Purchasing (CFLP) said Wednesday. The figure marked an increase for the fourth consecutive month and ...

China's Yuan Weakens to 6.6566 Per USD Wednesday: The value of yuan weakened slightly as the central parity rate of Renminbi, China's currency, was set at 6.6566 per U.S. dollar Wednesday, compared with Tuesday's 6.6531, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed ...

China's Yuan Hits New Record High at 6.6229 per USD: The Chinese currency, the yuan, strengthened Thursday to a record 6.6229 per U.S. dollar, after 10 consecutive days of gains. The central parity rate of the currency, also known as the renminbi (RMB), was set 18 basis points stronger than Wednesday's 6.6247. The previous record ...

China Raises Interest Rate Second Time This Year to Curb Inflation: China 's central bank announced Saturday that it will raise the one-year lending and deposit interest rate for the second time this year, as the government continues its battle against surging prices. The People's Bank of China (PBOC) said in a statement posted on its website ...

China's 2011 Money Supply Back to Normal Level: Central Bank Official: China will bring its overall money supply to a normal level with a range of policy tools next year as the government shifts monetary policy from "moderately loose" to "prudent", the central bank said Friday in a statement on its website, citing Deputy Governor Hu Xiaolian. Hu, a ...

China's New Yuan-denominated Loans Hit 7.95 Trln Yuan Last Year: New yuan-denominated lending in China reached 7.95 trillion yuan (about 1.2 trillion U.S. dollars) last year, the People's Bank of China (PBOC), the central bank, said Tuesday. The figure was 1.65 trillion yuan less than the 2009 level of 9.6 trillion yuan, said the bank in a ...

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