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Nuclear projects continue: A model of a nuclear reactor at an exhibition in Changchun, Jilin province. China has 13 nuclear reactors in operation and 25 more in the pipeline. {Photo / China Daily] Chinese power companies press ahead with plans for new plants BEIJING - Chinese nuclear power developers are ...

Interest rates may rise in June to tame prices: China's central bank would possibly raise interest rates in early June in another policy tightening to tame rising inflation that has eroded the livelihood of many in the country. Analysts have wildly expected another 25 basic-point rise in the benchmark one-year depositing and ...

China's yuan up 42 basis points to new high at 6.4856 per USD Monday: The Chinese currency Renminbi, or the yuan,strengthened 42 basis points to an all-time high at 6.4856 per U.S. dollar on Monday, according to the China Foreign Exchange Trading system. The yuan's fresh central parity rate scrapped the previous record of 6.4898 per U.S. dollar set ...

Outsourcing expected to raise billions of yuan: Staff at a Nanjing-based animation design and manufacturing company work on computers under an outsourcing deal with a Japanese company. [Photo/China Daily] Outsourcing of backroom services expected to raise billions of yuan SHANGHAI -The morning sun breaking through the dense ...

Bocom looks to lure workers with higher pay: SHANGHAI - Bocom International Holdings Ltd, the overseas securities unit of China's fifth-largest lender, plans to hire staff from foreign rivals to help it reach a target of doubling investment banking revenue this year. Bocom International plans to add 60 bankers, including ...

U.S. says China not currency manipulator: The U.S. Treasury Department said Friday in a report that China was not manipulating its currency. "In China, since the authorities decided in June 2010 to allow the exchange rate to appreciate in response to market forces, the renminbi (RMB) has appreciated by a total of 5.1 ...

China's yuan rises 23 basis points to new high at 6.4898 per USD Friday: The Chinese currency Renminbi, or the yuan,appreciated 23 basis points to an all-time high at 6.4898 per U.S. dollar on Friday, according to the China Foreign Exchange Trading system. The yuan's fresh central parity rate scrapped the previous record of 6.4921 per U.S. dollar set ...

Stocks decline on profit-growth worries: China First Heavy Industries Co dropped 3 percent to 4.91 yuan (76 cents) on Friday. The price is a record low for the heavy-equipment maker. [Photo / China Daily] SHANGHAI - Stocks on the Chinese mainland fell on Friday, extending the benchmark index's biggest weekly drop in 11 ...

China's yuan rises 28 basis points to 6.4921 per USD Thursday: The Chinese currency Renminbi, or the yuan, continued to strengthen 28 basis points to 6.4921 per U.S. dollar on Thursday, according to the China Foreign Exchange Trading system. The yuan hit an all-time high on May 11 when the central parity rate was set at 6.4848 per U.S. ...

CICC to buy 35% of Zheshang: The investment bank may become first domestic securities firm to take control of a trust, says source BEIJING - China International Capital Corp (CICC), the nation's top-ranked investment bank last year, is set to become the first domestic securities firm to take control of a ...

Europe remains key for exporters: Workers sort frozen mushrooms for export to Europe at a factory in Rizhao, Shandong province. The European Union, the United States and Japan were China's top three trading partners in 2010. [Photo / China Daily] Report signals that the trading bloc will continue to be the main ...

China's yuan weakens 40 basis points to 6.5038 per USD Tuesday: The Chinese currency Renminbi, or the yuan, weakened 40 basis points to 6.5038 per U.S. dollar on Tuesday, extending the weakness to the second straight trading days, according to the China Foreign Exchange Trading system. The central parity of the yuan set a new high of 6.4948 ...

RRR rises stifle private sector: Economist: China has raised interest rates twice this year - its benchmark deposit rate now stands at 3.25 percent and its lending rate at 6.31 percent. [Photo / China Daily] SHANGHAI - China should rely more on adjusting the interest rate than reserve requirement ratios (RRR) to fight ...

NYSE cooperating on plan with Shanghai: The New York Stock Exchange is working with China to launch the country's international board, which will allow foreign companies to list in the Chinese mainland. The New York Stock Exchange is working with China to launch the country's international board, which will allow ...

China's yuan weakens 15 basis points to 6.4998 per USD Monday: The Chinese currency Renminbi, or the yuan, weakened 15 basis points to 6.4998 per U.S. dollar on Monday, snapping the streak of appreciation for three consecutive trading days, according to the China Foreign Exchange Trading system. It hit a new high of 6.4948 per U.S. dollar on ...

Yuan may be fully convertible in "3-5 yrs" (2): Li added the practice of cross-border yuan-denominated trade settlement will be extended throughout China this year. Li said the central bank is also working on rules to allow yuan-denominated foreign direct investment. China's foreign trade volume could hit $3.9 trillion this ...

Yuan may be fully convertible in "3-5 yrs": A senior economist has said China could achieve full convertibility of the yuan in three to five years - much sooner than previous forecasts. Xiang Songzuo, deputy director of the International Monetary Institute with Renmin University of China, told China Daily on Friday that ...

Rules may let overseas yuan return: Central Bank: Chinais drafting rules to allow overseas companies to invest in yuan on the Chinese mainland as part of efforts to boost the currency's global footing, a central bank official said yesterday in Shanghai. A small number of companies are participating in a limited trial to allow ...

China's yuan strengthens against USD Thursday: The Chinese currency Renminbi, or the yuan, Thursday strengthened against the U.S. Dollar (USD) as the central parity rate of the yuan was set at 6.5048 per USD. The yuan strengthened by 26 basis points from the previous trading day. It hit a record new high of 6.4948 per USD on ...

Tourism administration: China to lead tourism industry in five years: On the occasion of the Global Travel and Tourism Conference (WTTC), China has drawn great attention. The tourism industry in China has impressed the whole world, and China will be among the top tourism nations within the next five years, said Zhu Shanzhong, director general of ...

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China's reform leading group holds first meeting: BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...

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