finance

The exchange rate against the US dollar is currently at an appropriate level but could fluctuate in the future, Yi Gang, vice-governor of the central bank and head of the State Administration of Foreign Exchange, said on Sunday. "In the future, as markets fluctuate and labor ...
China's pace in internationalizing its currency remains "unchanged" despite calls on the country to quicken the process, central bank chief Zhou Xiaochuan said. Yuan internationalization would see the currency play a greater role in world trade and become a globally accepted ...
The risk of a surge in "hot money" is one of the reasons why China is unlikely to allow foreign companies to make yuan investments this year, even though a feasibility study was completed last year, said an unnamed source with the Ministry of Commerce (MOC). "The ministry looked ...
The People's Bank of China (PBOC), or the central bank, said on Tuesday that it has implemented "dynamically differentiated required reserve ratios" among 40 local banks with low capital adequacy ratios (CAR) and which witnessed rampant growth in lending since January. A PBOC ...
The capital will adopt temporary measures to restrict vehicles registered outside Beijing from using the city's roads from Monday to ensure smooth traffic flow during the upcoming two sessions of the country's top legislature and political advisory body. Traffic authorities in ...
The capital will adopt temporary measures to restrict vehicles registered outside Beijing from using the city's roads from Monday to ensure smooth traffic flow during the upcoming two sessions of the country's top legislature and political advisory body. Traffic authorities in ...
The unrest in the Middle East triggered by the Western-led military action on Saturday coupled wit the uncertainties of Japan's ongoing nuclear crisis are set to cast more clouds over the global financial market, triggering more controversy over challenges facing China's economy. ...
China can sustain economic growth of at least 8 percent annually for the next 20 years, which means its economic scale could double that of the United States in terms of purchasing power parity, said the chief economist of the World bank. Justin Yifu Lin, chief economist and ...
China's central bank committed again to prioritizing price control in its policy considerations. The monetary policy committee of the People's Bank of China held its quarterly meeting for 2011 in Beijing recently, pledging to closely follow the situation and impact of the ...
As of now, the price of No. 98 gasoline has increased to 8.44 yuan per liter, which is higher than the current price of gasoline in the United States, and reached the medium level in the world, according to China Business News on March 28. Recently, Sinopec issued the annual ...
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 ...
Food security has always been a vital issue for China. And given its population of 1.3 billion, it is even more important today. Most of the debates on the problem concentrate on whether the rate of increase of farm products can catch up with the country's population growth. And ...
BEIJING - A new old-age pension for China's rural senior citizens is giving them economic independence. Long Chengde, 69, from Quzhou County in North China's Hebei province smiles as he holds a gray deposit book. In 2010, Long and his wife received 1,320 yuan (about $200), or 55 ...
Chinese fur coat dealer Sun Yanchun celebrated his happiest day in two years last week, when he heard that the ruble and the yuan could be directly traded. Sun is from Xinji, a town in North China's Hebei province, which is also a leather and fur manufacturing hub that exports ...
By Mao Lijun (China Daily) Updated: 2007-06-22 08:31 China Insurance Regulatory Commission (CIRC) has been criticized for increasing auto insurance rates in a draft measure announced on June 15. The Measures on Floating Premium Rates for Compulsory Vehicle Liability Insurance ...
By Dong Zhixin (chinadaily.com.cn) Updated: 2007-06-13 17:36 China's currency hit a new high against the American dollar on Wednesday amid rising and raucous calls in the United States' congress to increase the value of the yuan more quickly. Before trading started on Wednesday ...
(Reuters) Updated: 2007-06-11 14:50 China should contain the pace of yuan appreciation within a bearable range because a big rise would aggravate the country's overcapacity problem, a prominent economist said in comments published on Monday. The yuan has now gained a further 5.7 ...
By Xin Zhiming (China Daily) Updated: 2007-08-14 08:39 China yesterday scrapped rules requiring companies to convert part of their current-account foreign exchange holdings into the yuan. Companies used to be allowed to retain foreign exchange equivalent to 80 percent of their ...
(Xinhua) BEIJING -- The People's Bank of China (PBOC) announced Thursday it might use a variety of measures, including bank and treasury bond issues and reserve requirement ratios, to control the country's "severe" liquidity problem. A PBOC report gave no details about the extent ...
China will raise the one-year deposit interest rate by 27 basis points to 4.14 percent and the lending rate by 18 basis points to 7.47 percent as of December 21, the central bank said Thursday. This is the sixth time for China to raise the benchmark interest rates this year. ...
Page 107 of 158 |< << 103 104 105 106 107 108 109 110 111 >> >|
China's reform leading group holds first meeting
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
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
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China cuts retail oil prices
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
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
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
Super car club in commercial drive
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
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 leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Stars 'Big Three' fall short of title in 1st year
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 star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...