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China central bank highlights stable prices: The People's Bank of China, or the central bank, will make further efforts to maintain prices stable after China's inflation rate hit a 28-month high, according to reports. The central bank will analyze global economic developments and balance the relations between stable and ...

Wen: We are beating inflation: BEIJING - The government will be able to keep inflation in check, Premier Wen Jiabao said on Sunday, after the central bank raised interest rates for a second time in just over two months. The central bank raised one-year lending and deposit interest rates by 25 basis points on ...

World's Workshop Heads to Inland China: On the green northern rim of Guangdong, beyond the mountains and into the land-locked region of Ganzhou in Jiangxi province, LED factory owner Kong Xiangzhong is one of the new breed of industrialists who have staked a future away from the cluttered expensive coastal manufacturin...

Medical coverage expands: Hong Kong and Macao residents in Xiamen will be granted access to the city s public medical insurance system for the period as of July. Variable insurance premium rates will be applicable to Hong Kong and Macao residents, depending on their length of residence in the city. The ...

Bankers Awareness of Economic Downside Risks Heightened and Banking Business Index Rebounded: The attached file is in PDF format. You must have the Acrobat Reader installed to open the file. attachment BankersAwarenessofEconomicDownsideRisksHeightenedandBankingBusinessIndexRebounded.pdf

Bernanke: Economy faces 'numerous difficulties': The central bank Wednesday set the yuan's mid-point against the US dollar at 6.8128, with the Chinese currency hitting a new post-revaluation high for a fifth straight day. WASHINGTON - Federal Reserve Chairman Ben Bernanke told Congress Tuesday the fragile economy is facing ...

Chinese economy to achieve more balanced growth this year: China will keep its fast economic growth in a more balanced way this year thanks to policy adjustments, a top Chinese banking executive said on Wednesday. "I think China is doing very well... and I would see China will even have a better year this year," Min Zhu, group executive ...

Share buys overseas get the nod: Mainland residents will, for the first time, be allowed to directly invest in overseas securities under a pilot program to be launched in the northern port city of Tianjin. Investors can use their foreign exchange or purchase foreign currency to open an account with Bank of China...

Excess liquidity surpasses central bank's expectations: BEIJING -- A senior researcher with the Chinese Academy of Social Sciences (CASS) on Sunday said the latest reserve requirement ratio hike has revealed that China's excess liquidity has risen beyond the expectations of the central bank. Peng Xingyun, of the CASS Institute of ...

Chinese yuan hits new high against US dollar: BEIJING - China's currency, the yuan, hit a new high against the US dollar on Tuesday to break the 7.38 mark. The central parity rate stood at 7.3797 yuan against one dollar, according to the Chinese Foreign Exchange Trading System. It was the 76th occasion this year that the ...

Central bank deliberates interest rate rise: The central bank is under pressure to raise interest rates to combat price increases, but the international economic situation could influence its decision, an adviser to the bank said Thursday. "Interest rates in China are relatively low but prices are relatively high," Fan Gang...

Declining dollar lifts yuan to record high: The gloomy prospect of the US economy has weakened the greenback. In contrast, the yuan has risen about 7 percent this year, more than the margin for the whole of last year. Exporters and manufacturers, especially the smaller ones, are groaning under pressure created by the ...

China to begin yuan-settlement trials: The yuan will be used in transactions with neighboring trade partners as part of a pilot project - in what could be the first step on the road to making it an international currency. The yuan will be allowed to be used for settlement between the Pearl and Yangtze river delta ...

China cuts interest rates to bolster economy: China's central bank has rolled out the fifth interest rate cut in four months - in its latest attempt to shore up investment and boost the economy. The People's Bank of China lowered the benchmark one-year lending and deposit rates by 0.27 percentage point to 5.31 percent and 2...

China set to show the way forward: Economists and financial experts from China expect currency realignment, international liquidity and fiscal stimulus issues to dominate the deliberations at the G20 summit in Washington on November 15. The government and many economists agree that maintaining stable growth is key ...

All cities and counties in Zhejiang established pension system for urban and rural residents: All cities and counties in Zhejiang have established pension system for urban and rural residents, and are fully implementing it on a provincial scale. Up to now, there have been more than 560 million pensioners among the province's urban and rural residents. The elderly above ...

All Cities and Counties in Zhejiang Established Pension System for Urban and Rural Residents: All cities and counties in Zhejiang have established pension system for urban and rural residents, and are fully implementing it on a provincial scale. Up to now, there have been more than 560 million pensioners among the province's urban and rural residents. The elderly above ...

Mundell Talks about Economic Situation in Nanjing: On the evening of October 30th, Robert Mundell, "the Father of the Euro" and the recipient of the Nobel Memorial Prize in Economics said in Nanjing that world economy has bottomed out and the stage will last for a long time, bringing new unbalance among countries. Mr. Mundell ...

Another American Insurance Company Sets up Office in Nanjing: The huge insurance market of Jiangsu is like a magnet that keeps attracting insurance companies o come for market shares. After the spring festival, Zhejiang based Zheshang Property and Casulaty Insurance Company Ltd. and Northeast China based Aeon Life Insurance Company Ltd. ...

The Working Conference on the New-type Rural Social Endowment Insurance was held in Jiangsu: The Provincial CPC Committee and the Provincial Government of Jiangsu attach great importance to the implementation of new-type rural social endowment insurance, and it is an important policy to benefit agriculture, rural areas and farmers which was formulated by the Party ...

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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: BEIJING, Jan. 21 (Xinhua) -- Chinese shares rose on Tuesday after the ...

China slams Japan's NHK governor's denial of Nanjing massacre: BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

world

market

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: TORONTO, Jan. 24 (Xinhua) -- Canada's main stock index fell sharply on ...

GM China chairman to retire: CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

company

industry

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: As China's traditional banks raise interest rates to claw back lost ...

Chinese leader calls for more marine power: Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

trade

sports

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 Olympic champion Wang Meng has been ruled out of the 139...

Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

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