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Yuan blame game a distraction: As the November mid-term elections in the United States approach, the Democrats and the Republicans have both found a new villain to run against. "China emerges as a scapegoat in campaign ads," as The New York Times recently put it. The China blame game is taking place amid ...

Unexpected barriers: The rise of China as a major source of foreign direct investment, a natural result of the gradual appreciation of the country's currency and its accumulation of huge foreign exchange reserves, should be a boon to a lasting global recovery. However, the unjustified hostility that ...

No winner in a currency war: Shifting public debts to other countries, blocking Chinese investments and limiting exports will affect global recovery. It seems a wise decision by the Treasury Department of the United States to hold off releasing its semi-annual report to the Senate, thus delaying a decision ...

China set to lead the rest of the economies: In the past, developing countries depended on the growth of the advanced economies. Today, they depend on the growth of China. Threats to China's growth are also threats to the developing world, the rise of Asia and the global recovery. The global financial crisis has seen Asia ...

US focus on yuan's value ignores China's experiments: Chinese monetary policy has become one of the most hotly debated issues arising from the country's phenomenal economic development. The country's economy is doubling in size every decade, and with this comes enormous change to its composition and alignment. Chinese monetary ...

Take away the firewood: The fastest rise in consumer inflation for 28 months has obviously left Chinese policymakers little room in which to maneuver. To strike at the root of accelerating inflation they must turn off the tap of liquidity quickly. China's consumer inflation surged from a two-year high ...

Yuan weakens 19 basis points to 6.6341 per USD Friday: Chinese currency, the yuan, weakened 19 basis points Friday to 6.6341 per U.S. dollar, according to the China Foreign Exchange Trading system. The central parity rate of the currency, also known as the renminbi (RMB), hit an all-time high of 6.6215 per dollar Tuesday to start ...

Yuan weakens 27 basis points to 6.6322 per USD: Chinese currency, the yuan, weakened 27 basis points Thursday to 6.6322 per U.S. dollar, according to the China Foreign Exchange Trading system. The central parity rate of the currency, also known as the renminbi (RMB), hit an all-time high of 6.6215 per dollar Tuesday to start ...

Russian oil falls below $50, Kremlin defends ruble: MOSCOW - The price of Russian oil fell below $50 per barrel on Thursday for the first time since early 2007, putting further pressure on stocks and the ruble, but the Kremlin pledged to defend the currency until oil falls to $35. Russia's main crude oil export blend Urals traded ...

China's yuan hits new record high at 6.6227 per USD: 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 ...

OCBC: Chinese economy to grow 9.1% in 2011: The Chinese economy is expected to expand by 9.1 percent in 2011, according to the latest report of Singapore's OCBC Bank, the China Business News reported Wednesday. China's gross domestic product (GDP) will rise 8.5, 8.8, 9.3 and 9.7 percent in the four quarters of 2011, ...

December CPI expected to fall below 5%: China's consumer price index (CPI), which gauges inflation, is expected to fall back below 5 percent for last December, the National Business Daily reported Tuesday, citing institutions' forecast reports. According to the latest report by Shenyin & Wanguo Securities, December s ...

Central bank targets inflation: The latest interest rate hike announced by the People's Bank of China highlighted the government's grave concern over soaring prices and its determination to contain the real estate bubble. China's central bank decided on Saturday to increase the one-year benchmark lending and ...

China's yuan hits new record high at 6.6229 per USD: After 10 consecutive days of gaining, the Chinese currency yuan, also known as the Renminbi (RMB), strengthened to a new record high at 6.6229 per U.S. dollar Thursday. After jumping 18 basis points from Wednesday's 6.6247, the central parity rate of the renminbi beat the ...

Longest losing run since July for index: Shanghai's key stock index yesterday fell for a fifth day, the longest losing streak since July, over concerns that more tightened monetary policies would be unveiled. The Shanghai Composite Index declined 1.74 percent, or 48.41 points, to 2,732.99. Turnover shrank to 96.99 ...

Reference rate increases for sixth day in row: The reference central parity rate of China's yuan was set higher for the sixth consecutive day on Tuesday while yuan forwards strengthened to a five-week high on speculation the central bank may lift interest rates further and allow faster currency gains to curb inflation. The ...

China's yuan rises against USD for 9th consecutive day: The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6247 per U.S. dollar Wednesday, compared with Tuesday's 6.6252, according to data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the ...

China's stocks fall for fifth day on Tuesday: China's stocks slid for a fifth day Tuesday as market expectations for further rate hikes from the central bank to trim down inflation stayed. The benchmark Shanghai Composite Index fell 1.66 percent, or 46.18 points, to finish at 2,735.22 points. The Shenzhen Component Index ...

China's yuan advances to 6.6252 per USD Tuesday: The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6252 per U.S. dollar Tuesday, compared with Monday's 6.6305, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on ...

China stocks fall after central bank's weekend rate hike: Chinese stocks weakened Monday after the nation's central bank hiked rates on Saturday and amid speculation further monetary policy tightening to combat inflation is in the offing. The benchmark Shanghai Composite Index fell 1.9 percent, or 53.76 points, to finish at 2,781.4, ...

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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 ...

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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...

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