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Yuan Hits New Record High of 6.6229 per USD

The Chinese currency, the yuan, strengthened Thursday to a record 6.6229 per U.S. dollar, after 10 consecutive days of gains. The central parity rate of the currency, also known as the renminbi (RMB), was set 18 basis points stronger than Wednesday's 6.6247. The previous record ...

China's Yuan Strengthens 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 Stocks Fall after New 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, ...

Air China, China Eastern Q3 Profits Rise on Domestic Demand, Stronger Yuan

Air China Ltd. and China Eastern Airlines Corp., China's biggest and third-largest carriers by market value, both reported record quarterly profit growth on the back of robust growth in domestic air travel and a strong yuan. Air China said late Thursday its third quarter net ...

China suppliers of beauty products expand by tapping emerging markets

China suppliers of beauty and cosmetic products are expanding their reach by tapping new markets and using natural, organic and mineral ingredients. This is according to Global Sources' (Nasdaq: GSOL) China Sourcing Report: Beauty & Cosmetics. The Report, which covers makeup for ...

No New Measures to Halt Dollar's Fall: Brazilian Minister

Brazilian Finance Minister Guido Mantega said Wednesday that no further measures were necessary to halt the fall of the U.S. dollar against the Brazilian real. Mantega said the value of the Brazilian real is now at a reasonable level, with the exchange rate closing at 1.726 reais ...

China's PMI of Manufacturing Sector Rises to 55.2 Pct in Nov

The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 55.2 percent in November, up 0.5 percentage points from October, the China Federation of Logistics and Purchasing (CFLP) said Wednesday. The figure marked an increase for the fourth consecutive month and ...

Local Currency Settlement between China, Russia Lowers Risks

Local currency settlement between China and Russia will help banks and enterprises in both nations reduce costs and exchange rate risks, Ma Delun, deputy governor with the People's Bank of China, said Monday. China started to allow the yuan to trade against the Russian ruble on ...

Seafood sector rides on growing Chinese market

More overseas seafood producers and supplies are eyeing the Chinese market, following its growth in the past few years. "This year, China's international seafood trade will be worth more than $17 billion. It will likely overtake the United States and become the world's largest ...

Mainland May Open Interbank Bond Market to HK Insurers

Authorities on the mainland are now studying plans to potentially allow Hong Kong insurers to invest in its interbank bond market, on top of possibly allowing mainland companies to issue yuan-denominated bonds in Hong Kong. The move comes as part of the push to internationalize ...

China Central Bank Highlights Stable Prices

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 ...

Crude Prices Break Below 88 Dollars a Barrel

Crude prices Friday broke below 88 U.S. dollars a barrel as China raised bank reserve requirement and positive economic data lifted dollar. China's central bank on Friday raised bank reserve requirement by 50 basis points for the third time in a month to counter inflation. ...

China Puts More Grain Reserve on Market

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 ...

E-Savings Bonds Snubbed by Chinese Investors

Fearing the possibility of new rounds of interest hikes in the near future, Chinese buyers have turned a cold shoulder towards the new electronic savings bonds on the first day of their issuance, the "Shenyang Evening News" reported. The new electronic savings bonds, issued by ...

Chinese Shares Drop as Investors Turn Cautious ahead of Thursday Inflation Data Release

Chinese stocks fell Wednesday as investors turned cautious ahead of Thursday's release of October inflation data. The benchmark Shanghai Composite Index dropped 0.63 percent, or 19.64 points, to close at 3,115.36. The Shenzhen Component Index lost a mere 0.06 percent, or 8.61 ...

China top competitor for how long?

Despite the many challenges facing China's manufacturing industry, the country will remain king of manufacturing competitiveness over the next five years, consulting firm Deloitte said in a recent report. Backed by a relatively abundant pool of unskilled and skilled talent, China ...

Solar cell makers feel euro's pinch

Chinese solar cell makers are striving to find ways to diversify sales after the export-oriented industry suffered huge losses from the depreciation of the euro. Despite continued revenue growth, solar cell makers' profits have shrunk significantly due to volatile currency ...

Vuvuzela sounds clarion call for China's manufacturers

At the South Africa World Cup, the ubiquitous buzzing of vuvuzelas has triggered complaints from both players and television audiences -- despite their widespread popularity. While the vuvuzela is widely seen as a South African tradition, few people know that 90 percent of the ...

China's Yuan Weakens to 6.6441 Per USD

The central parity rate of renminbi, or China's currency yuan, weakened to 6.6441 per U.S. dollar Tuesday from Friday's 6.6303, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the inter-bank foreign exchange ...

Machinery sector may cool in step with economy

China's machinery industry has rebounded during the first half of this year, but the momentum is likely to slow as the country's economy cools. The machinery industry has grown by 37 percent during the first six months of 2010, with a total output value of 6.59 trillion yuan, ...
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China stocks close higher over liquidity injection
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China slams Japan's NHK governor's denial of Nanjing massacre
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world

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industry

Super car club in commercial drive
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China's banks must evolve or perish
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