finance

The fluctuation range of China's currency exchange rate can be further broadened to help curb rising inflation, Li Daokui, a member of the monetary policy committee of the People's Bank of China, said at a forum on Saturday. "The rapid price rises that the country faces are ...
China's top economic planner said on Friday that the country released 8.5 million tonnes of state-reserved grain and cooking oil from November 23 to 26 to ensure market supply meets the demand and to stabilize prices. A total of 25.5 million tonnes of state-stockpiled grain and ...
China's central bank has been keeping a close watch on prices, market liquidity and economic growth and has taken "responsive measures" in accordance with market changes, Ma Delun, deputy governor of the People's Bank of China, said Monday. Such measures included an interest rate ...
China will gradually shift to a tighter monetary policy next year and it needs to slow money-supply growth, Reuters reported, citing a central bank adviser's remarks published in the China Securities Journal on Dec 3. Li Daokui, who sits on the monetary policy committee of the ...
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 ...
In order to steer credit growth back to normal, the central bank has adopted a range of policy tools including open market operations and increases in the reserve requirement ratio and interests rates. China s monetary policy measures have showed effective results so far, Du ...
China's central bank said Friday that it would increase the bank reserve requirement ratio by 50 basis points from December 20. It was the sixth such move this year to combat accelerating inflation, as China's consumer price index (CPI), a main gauge of inflation, hit 4.4 percent ...
China vowed on Sunday to increase efforts to combat inflation while maintaining "stable and relatively fast" economic growth, as consumer inflation hit a 28-month high of 5.1 percent in November. "The priority is to actively and properly handle the relations between maintaining ...
China's central bank governor, Zhou Xiaochuan, said Friday that the country would promote liberalization of interest rates during the next five years. China will make "obvious progress" in interest-rate liberalization during the 12th Five-Year Plan period, which runs from 2011 to ...
The Chinese yuan has made an ice-breaking step for its trading outside China after Russia recently started direct trading of the Chinese currency with the ruble. First of all, the direct convertibility would undoubtedly become a significant part of the Russia-China relationship ...
China's foreign trade is expected to hit a historic high this year, yet the nation's exporters are likely to come up against more trade barriers as the world economy struggles to stage a bullish recovery. The nation's foreign trade rebounded sharply this year from the recession ...
China's central bank said that the country would promote liberalization of interest rates during the next five years. China will make "obvious progress" in interest-rate liberalization during the 12th Five-Year Plan period, which runs from 2011 to 2015, said the People's Bank of ...
Chinese economy is showing signs of a "soft landing" and it is likely the Chinese government will be able to keep inflation at a "reasonable" level next year, China Banking Regulatory Commission (CBRC) said. CBRC said with the continuing effect of the government's macro control ...
BEIJING, Dec. 29 (Xinhua) -- China's gross domestic product (GDP) is predicted to grow by around 9.5 percent in 2011, 0.5 percentage points lower compared to the growth rate expected for this year, said a report issued Wednesday by the Bank of China (BOC). The report by the BOC, ...
BEIJING, Dec. 25 (Xinhua) -- China 's central bank announced Saturday that it will raise the one-year lending and deposit interest rate for the second time this year, as the government continues its battle against surging prices. The People's Bank of China (PBOC) said in a ...
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 yuan strengthened to a record high against the U.S. dollar on the first trading day of the year, to reach 6.6215 per dollar. The central parity rate of the currency, also known as the renminbi (RMB), was set 12 basis points lower than Friday's 6.6227, according to the China ...
The World Bank has decided to issue its first-ever Renminbi (RMB) yuan-denominated bond in Hong Kong, starting Friday, January 14 in a move that will help China to increase the use of its currency on global markets and in a hope to diversify investors' currency holdings and ...
The yuan strengthened to a record high against the U.S. dollar on the first trading day of the year, to reach 6.6215 per dollar. The central parity rate of the currency, also known as the renminbi (RMB), was set 12 basis points lower than Friday's 6.6227, according to the China ...
China's exports surged in January in a sign of rebounding global demand and trade surplus fell to a nine-month low, possibly easing pressure on Beijing to allow its currency to rise. China's global trade surplus fell 55 percent from a year earlier to $6.5 billion, customs data ...
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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 ...