finance

China should further step up social spending to push forward reforms such as health care, welfare and education to sustain its economic growth, the Organization for Economic Co-operation and Development (OECD) said in a report on Tuesday. Although China's reforms have increasingl...
Central bank governor Zhou Xiaochuan said Tuesday China's inflation rate remains "relatively low", amid ongoing debate among officials and economists on when policymakers should raise interest rates to rein in rising inflation and asset prices. The inflation rate still needs to ...
Commerce Minister Chen Deming said Saturday China's exports may need two or three years to return to the pre-crisis level, and called for the United States to loosen high-tech exports to China to bridge the trade gap. "Although China's exports have regained momentum since the ...
Investment of China's foreign exchange reserve has seen "relatively good" yields despite global economic woes, while asset safety remains the base line for the country's foreign reserve investment. "Risk prevention and management is always our priority," Yi Gang, director of the ...
China's efforts of switching economic growth pattern would help to make an overall more stable world economy, said John Hawksworth, head of macroeconomics of PriceWaterhouseCoopers (PWC), one of the world's four largest accounting firms. He told Xinhua in a recent interview that ...
An European Union top diplomat said here on Wednesday that the exchange rate was a "very complex issue" and pressure should not be put on China's currency. "Discussions should be made behind closed doors, and I'm not sure that we progress to pressurize China by taking microphones...
The People's Bank of China (PBOC), the central bank, announced Thursday it has signed an agreement with the central bank of Belarus, under which bilateral trade can be settled with the Chinese yuan or Belarussian ruble. The move would help deepen economic cooperation, and ...
Revaluation of the Chinese currency will not help solve the U.S. trade deficit problem, a renowned U.S. economist said here on Thursday. During a roundtable held in New York, Allan Meltzer, economist and professor of Political Economy at Carnegie Mellon University, told Xinhua ...
The People's Bank of China (PBOC), the central bank, announced Sunday it will raise the deposit reserve requirement ratio (RRR) for financial institutions by half a percentage point from May 10. The ratio for the rural credit cooperatives and rural banks would remain unchanged at ...
Highly effective investment in infrastructure by the Chinese government and the urbanization process in China will ensure the continuous rapid growth of the Chinese economy in the next 20 years, said a distinguished economist on Saturday. Justin Yifu Lin, chief economist and ...
Chinese Minister of Commerce Chen Deming stressed Wednesday that, especially under the current financial crisis, the exchange rate stability is the most important, which is not only a national responsibility, but also a responsibility for the world economic recovery." At a press ...
The People's Bank of China (PBC) issued 30 billion yuan ($4.39 billion) in one-year central bank bills Tuesday, 10 billion yuan ($1.46 billion) more than the previous week. The auction yield was unchanged at 1.9264 percent for an 18th consecutive week, dimming market expectations ...
China's central bank said Friday more flexibility would be allowed to guide money policies based upon changing circumstances if inflationary pressures increase during the economic recovery along with rising market confidence. The risk of higher prices may grow stronger given that ...
China's central bank said Tuesday that the yuan settlement pilot program in foreign trade has been expanded to cover the entire world. The People's Bank of China (PBOC) said it had expanded where Chinese exporters can use the Renminbi to settle trade from the original Association ...
Despite the expected year-on-year rise in China's consumer prices in June, inflationary pressures will continue to ease as the price index drops month-on-month, analysts said. The Consumer Price Index (CPI), the main measure of inflation, rose 3.1 percent year-on-year in May from ...
The yuan rose slightly against the U.S. dollar on Thursday after China's central bank vowed to make the exchange rate regime more flexible. The central parity of the RMB against the U.S. dollar stood at 6.8100 Thursday, slightly stronger than Wednesday's 6.8102, according to the ...
An investigation into this year's speculative "hot money" inflows uncovered 190 cases involving 7.35 billion U.S. dollars of funds, a senior official of the State Administration of Foreign Exchange (SAFE) said. In an undated interview with The People's Daily posted on the ...
The central parity rate of the yuan, China's currency Renminbi (RMB), stood at 6.7718 per U.S. dollar Monday, a new record high, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on June 19 that it would further the reform ...
A sharp decline in the trade surplus during the first half of 2010 indicates that China, the world's fastest-growing major economy, has significantly lifted domestic demand to drive double-digit economic growth. Such a decisive shift away from its decades-old reliance on exports ...
The value of China's currency Renminbi (RMB) strengthened against the U.S. dollar Friday as the central parity rate of the yuan was set at 6.7718 per U.S. dollar, lower than the 6.7741 Thursday, according to the data released by the China Foreign Exchange Trading System. The ...
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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 ...