finance

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 ...
Major trading partners of the United States, including China, did not manipulate their currencies to gain an unfair advantage in international trade in 2010, according to a report released by the U.S Treasury Department on Friday. "Based on the resumption of exchange rate ...
A group of U.S. congressmen Thursday proposed a bill to press China to let its currency appreciate faster, a latest move that may harm China-U.S. cooperation. Sander Levin, a ranking member of the Ways and Means Committee of the U.S. House of Representatives, introduced a ...
Related: Chinese Banks' Capital Adequacy Improves in Q4 The People's Bank of China (PBOC), the central bank, announced Friday a rise in the bank reserve requirement ratio of 50 basis points from Feb. 24. The hike, the second this year and the eighth since the beginning of last ...
The People's Bank of China (PBOC), or the central bank, said on Tuesday that it has implemented "dynamically differentiated required reserve ratios" among 40 local banks with low capital adequacy ratios (CAR) and which witnessed rampant growth in lending since January. A PBOC ...
China will continue to increase the use of its currency renminbi in cross-border trade and investment this year, says a government work report to be delivered by Premier Wen Jiabao at the annual session of the national legislature on Saturday. The country will "press ahead with ...
China's Commerce Minister Chen Deming said Monday that the country's trade surplus would narrow this year as the growth of imports was likely to soon outpace that of exports. Growth in China's foreign trade will slow this year, Chen told reporters during the annual session of the ...
Consumer inflation in China will rise by 5 percent on average in 2011 and surging international commodity prices will be a major cause of uncertainty as the country battles to contain that inflation, said a central bank adviser on Wednesday. However, accelerating the appreciation ...
The People's Bank of China (PBOC), the central bank, said Monday that the country would work to improve its prudent macro policies, boost effective liquidity management and keep financing from all sources at a reasonable level. To keep prices stable, China will strictly implement ...
The People's Bank of China (PBOC), the central bank, said Monday that the country would work to improve its prudent macro policies, boost effective liquidity management and keep financing from all sources at a reasonable level. To keep prices stable, China will strictly implement ...
An official with China's central bank said Thursday that China should strengthen liquidity management as it is still facing imbalances of international payment and excessive liquidity. Zhang Xiaohui, director of the Monetary Policy Department of the People's Bank of China (PBOC), ...
The People's Bank of China (PBOC), China's central bank, announced on Friday that it would raise the bank reserve requirement ratio (RRR) by 50 basis points starting on March 25. The hike, the third this year and the ninth since the beginning of last year, is the latest move to ...
The central government has now reduced its US Treasuries portfolio by 5.4 billion US dollars to $1.15 trillion in January. The US Treasury Department is now reporting that this is the third straight month of net selloffs, after the Chinese government's US debt holdings reached ...
An official with China's central bank said Thursday that they would steadily promote exchange rate and interest rate reforms over the coming five years, as they are key to the nation's financial system reform. Reforming the exchange rate formation mechanism of the Chinese ...
The Purchasing Managers Index (PMI) of China's non-manufacturing sector rose to 60.2 percent in March, the China Federation of Logistics and Purchasing (CFLP) said Sunday. The March index was 16.1 percentage points higher than that in February, the CFLP said in an online ...
During its last open market operation for March on Thursday, the People's Bank of China (PBOC) took 297 billion yuan (45.3 billion U.S. dollars) of liquidity out from China's banking system, the first monthly net tightening since September 2010. PBOC Thursday auctioned 26 billion ...
BEIJING, Feb. 1 (Xinhuanet) -- Thanks to improved living standards, many Chinese can now afford to travel during the Spring Festival holiday season. So where are they headed? CCTV reporter Ji Yi gives the peak at this year's tourism hotspots. If you fancy travelling during the ...
2010-12-17 Central bank chief highlights measures to 'slow down the mulitplication of money' BEIJING - People's Bank of China Governor Zhou Xiaochuan said that the nation needs to take more measures to solve its problem of liquidity-driven inflation but warned that the bank ...
2010-12-31 BEIJING - Core inflation should be considered more important than the consumer price index (CPI) when the People's Bank of China (PBOC) makes short-term monetary policy decisions, said a senior official of the central bank on Thursday. Core inflation, a measure of ...
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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 ...