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US: China not manipulating currency

WASHINGTON -- China is not manipulating its currency to gain unfair trade advantage, the US Treasury Department said Wednesday in a semiannual report to Congress. "Treasury concluded that neither China nor any other major trading partner of the US met the requirements for ...

China to tighten monetary policy in 2008

China will shift its monetary policy "from prudent to tight" in 2008, to prevent its economy from overheating and to try to contain accelerating inflation, according to the three-day 2007 Central Economic Work Conference concluded on Wednesday. The conference, an annual event ...

China, EU set up joint panels on trade, RMB

China and the European Union (EU) Wednesday agreed to set up two separate high-level dialogue mechanisms on trade and finance to address disputes over trade imbalances and the exchange rate reform of the renminbi. Premier Wen Jiabao, Jose Socrates, prime minister of Portugal - ...

PBOC vows to tame inflation expectation

China's central bank has pledged to tame consumers' inflation expectations as the Consumer Price Index (CPI) rebounded to match the highest level in 11 years. "We will make full use of the price tools in macro control to keep consumers' inflation expectations at a stable level," ...

China's currency on fast track of gaining value

China's currency, the renminbi, has embarked on a fast track of appreciation due to the combined impact of domestic inflation and a weakening greenback. The People's Bank of China (PBoC) set the yuan central parity rate at 7.1452 against the US dollar on Wednesday, marking the ...

Economic challenges 'will be met'

Senior monetary and financial officials said yesterday that the country is capable of charting economic growth along a stable and sustainable path despite unprecedented challenges. Macroeconomic regulation and monetary policy are the main tasks facing the nation, Yi Gang, the ...

BOC: China's economic growth to slow down in 2008

BEIJING -- China's economic growth is estimated to be 10.5 percent in 2008, slightly lower than in 2007, a report released by Bank of China said on Thursday. Inflation pressures would still exist in 2008, but would gradually flatten over the year, said the report. The annual ...

December CPI likely to slow down

(Xinhua) BEIJING -- Chinese analysts have brushed aside the possibility of an immediate interest rate hike, predicting a slowdown in inflation for the month of December, a figure which is yet to be released by the statistics authorities. In its latest report, Shenyin Wanguo ...

Yuan climbs most since China ended dollar link

The Chinese yuan climbed 219 basis points to break the 7.32 and 7.31 mark Thursday, with the central parity rate at record 7.3079 to the US dollar, according to the Chinese Foreign Exchange Trading System. It is the biggest rise of the Chinese currency since China ended yuan's ...

ADB: China's economy to grow 10% in 2008

China's economic growth will moderate to about 10 percent this year and 9.8 percent in 2009, the Asian Development Bank (ADB) said in a report on Wednesday. The bank said it made the forecast on the back of "an expected tighter domestic monetary policy and weaker external demand"...

Tight monetary policy to stay - banker

(Agencies) China's money and credit growth will slow this year as the central bank implements a battery of tightening measures to achieve its primary goal of taming inflation, a senior central bank official said on Sunday. Yi Gang, vice governor of the People's Bank of China , ...

S&P: China banks largely unaffected by subprime

China's banks will remain largely unaffected by the US subprime crisis, although provisioning levels need to rise to adequately meet any fallout from the next downcycle in credit, said Ryan Tsang, senior director at Standard & Poor's. Speaking at a teleconference, Tsang said that ...

Report: Economic growth likely slows to 10.4% this year

China's economy is forecast to grow at a slower annual rate of 10.4 percent in 2008 because of a deteriorating external environment and domestic tightening policy, a research report said. The gross domestic product (GDP) in the world's fastest-growing major economy expanded 11.9 ...

New forex rules seek to balance capital flow

China's revised foreign exchange rules, announced last week, have been taken as an enhanced effort to curb speculative capital inflow, but analysts said they mainly aimed to balance capital outflow and inflow and fill the loopholes in the previous forex regime. The new rules, ...

China market believed to have huge potential for foreign insurers

LONDON, Sept. 30 (Xinhua) -- With rapid development, China's insurance market has huge potential for foreign insurers, says Gerry Grimstone, chairman of Standard Life, the largest savings and pensions company in Britain. "China is a very exciting market. I am a great enthusiast ...

Chinese octogenarians grows by 1m annually

BEIJING - The number of Chinese in their 80s or older neared 19 million at the end of last year and will grow by an additional 1 million annually, according to a report released on Tuesday by the Office of China National Committee on Aging. The aged population, referring to ...

XJTLU Top 10 News, 2010

0diggsdigg The University s Brand and Marketing office recorded every step of the University's development in the past year. In retrospect, we sincerely wish the 2010 top ten news of the University shall refresh our passion and momentum for her further development. 1. XJTLU ...

The signing ceremony for the overseas student recruitment agency

The signing ceremony for the overseas student recruitment agency A signing ceremony for the overseas recruitment office of our university was held on November 14th. Present on the ceremony included Mr. Hu Jun, president of our university, Mr. Jia Yimin, vice president of our ...

Wang Ruijie, Secretary of Monetary Authority of Singapore Visited Lingnan College

Wang Ruijie, Secretary of Monetary Authority of Singapore Visited Lingnan College May 5th, Wang Ruijie, Secretary of Monetary Authority of Singapore visited Lingnan College with his party. Professor Chen Ping, Vice-president of Lingnan College, Professor Lu Jun, Head of the ...

Communication between HongKong & Macao university students and JAC

As part of summer holiday activities of HongKong and Macao university students, YuShan Plan, with effort of JAC and Chinese Science and Technique Association, finally entered JAC passengercar production workshop, which provided a facetoface communication opportunity for HongKong ...
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china

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 ...

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market

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 ...

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industry

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 ...

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sports

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 ...
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