finance

The total new loans for China's small and medium-sized enterprises (SMEs) grows faster than that for big companies, as the government measures to allow easier access to financing have begun to take effect, according to a Chinese central bank official. The SMEs in the country were ...
Chinese authorities "quick, determined and effective" policy response has helped mitigate the impact on the economy and ensured that China has led the global recovery, the International Monetary Fund (IMF) said on Tuesday. "Executive Directors commended China' s proactive and ...
The People's Bank of China (PBOC), also known as the central bank, said Thursday it would maintain its moderately loose monetary policy and enhance financial supports to boost the economy's sustainable development. The bank will apply multiple monetary tools to keep an appropriat...
The country's high trade surplus will likely remain for the rest of the year as domestic demand continues to shrink from government attempts to curb the property bubble, Chinese analysts have said. Exports in July shot up 38.1 percent from the same period last year, bringing ...
China's high savings rate is expected to fall substantially in coming years as its workforce shrinks, the population ages and social security spending increases, a BIS report shows. In research published by the Bank for International Settlements (BIS) on the " myth and reality" ...
China's foreign direct investment (FDI) for July surged by 29 percent from a year earlier. The figure represents the second highest monthly growth this year and highlights the confidence of foreign businesses operating in China despite recent suggestions about a challenging ...
Visiting Chinese Premier Wen Jiabao said here Wednesday there was no basis for the drastic appreciation of the yuan, the Chinese currency. During a speech at a welcome banquet by U.S.-China friendship organizations, Wen said the issue of the yuan exchange rate was an economic one ...
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 ...
China's foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), said Tuesday it will continue to stop inflows of speculative money, or "hot money," into China and crack down on illegal foreign exchange activities. The stance was stressed again in a report ...
China's central bank has temporarily raised the reserve requirement ratio of the four major state-owned lenders and two privately-owned banks, sources told Xinhua Tuesday. Banks must keep an extra 50 basis points, or 0.5 percentage points, in reserves, to check lending, the ...
China state grain reserve released 8.6 million tonnes of grain on to the market from Nov. 29 to Dec.3 to ensure market supply and stabilize prices, said the country's top economic planner Thursday. The figure was up by 136,000 tonnes from the amount the previous week, with market ...
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 on Monday. The central bank will analyze global economic developments and balance the relations between ...
The People's Bank of China (PBOC), the country's central bank, reaffirmed Monday that it would give more prominence to stabilizing prices, and implementing a prudent monetary policy during the next year. Further, China will make its monetary policies more targeted, flexible, and ...
The Chinese currency, the yuan, strengthened to a record high against the U.S. dollar for a second consecutive day Friday, at 6.6227 per U.S. dollar on the last trading day of the year after 11 consecutive days of gains. The central parity rate of the currency, also known as the ...
China will increase the flexibility of the yuan exchange rate and further push forward the opening-up of its financial markets, a senior central bank official said Friday. China will continue the reform of the yuan exchange rate mechanism and keep the rate basically stable at a ...
The country's GDP growth rate will slow to 8.7 percent this year from 10 percent in 2010, and a key challenge in 2011 will be to ensure that anti-inflationary measures do not "significantly" reduce growth, the World Bank said on Thursday. The bank estimates that global GDP, which ...
China should be cautious of inflation and prevent the effects of excess liquidity, Fan Gang, a former advisor to the country's central bank, said Saturday. The loose credit policy of the United States is pumping money into the market and increasing expectations for the depreciati...
Business leaders considered China as the most important country for future growth as their confidence in the global economy improves, a survey showed on Tuesday. In a worldwide poll of 1,201 CEOs, China was named by 39 percent of them as the leading growth engine, followed by the ...
China's central bank said late Sunday that it would raise the priority of keeping overall price levels under control in 2011 by adopting a prudent monetary policy. "Controlling overall price levels will be higher up the agenda in 2011, while the financial system should be kept ...
Lending to China's small and medium-sized enterprises (SMEs) rose faster than loans to large enterprises last year, according to the People's Bank of China (PBOC), the central bank. Outstanding loans to small enterprises by banks and financial institutions jumped 29.3 percent ...
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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 ...