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China to increase yuan flexibility, further open up financial markets: 2011-1-17 China will increase the flexibility of the yuan exchange rate and further push forward the opening-up of its financial markets, a senior central bank official said Friday. China will continue the reform of the yuan exchange rate mechanism and keep the rate basically ...

China's yuan strengthens against U.S. dollar Friday: 2011-2-26 BEIJING, Feb. 25 (Xinhua) -- The value of Chinese currency, the yuan, strengthened against U.S. dollars Friday. The central parity rate was set at 6.5757 per U.S. dollar on Friday, compared with 6.5795 per U.S. dollar the previous trading day, according to the China ...

China's yuan advances 55 basis points to 6.5800 per USD Thursday: 2011-2-21 The Chinese currency, or the yuan, on Thursday gained 55 basis points to 6.5800 per U.S. dollar from Wednesday, according to the China Foreign Exchange Trading System. China's central bank announced on June 19 last year that it would further reform the yuan exchange ...

China raises bank reserve requirement ratio to curb lending and inflation: 2011-2-21 The People's Bank of China (PBOC), the central bank, announced Friday that it would increase the bank reserve requirement ratio of 50 basis points beginning Feb. 24. The hike, the second this year and the eighth since the beginning of last year, is the latest move to ...

China to push forward exchange rate reform prudently: 2011-3-1 BEIJING - Chinese Premier Wen Jiabao said Sunday the country will push forward the yuan's exchange rate reform in a prudent and gradual manner to ensure social stability. He reiterated the principle that China should reform its currency exchange mechanism independently, ...

More U.S. companies eye China's domestic market: survey: 2011-3-2 GUANGZHOU, March 1 (Xinhua) -- More U.S. businesses seek expansion in China to cash in on the expanding domestic market, rather than seeing China as only a processing and export hub, a survey showed Tuesday. About three-fourths of over 400 member companies surveyed by ...

Wen reiterates yuan's gradual climb: 2011-3-2 BEIJING, March 1 (Xinhuanet) -- The yuan inched up against the U.S. dollar Monday after Premier Wen Jiabao reiterated the government's commitment to stick to a gradual rise of the currency. The yuan ended at 6.5716 against the greenback yesterday, up 0.05 percent from ...

China sees sharp rise in funds outstanding for foreign exchange in January: 2011-3-3 BEIJING, March 2 (Xinhua) -- China' s funds outstanding for foreign exchange (FOFE) rose to 23.08 trillion yuan (3.51 trillion U.S. dollars) at the end of January, up 24.39 percent or 501.65 billion yuan from December, according to the People's Bank of China, or the ...

Tariff cut 'to boost imports': 2011-3-4 SHANGHAI - Import tariffs will be reduced on a range of products and red tape involved in import application procedures will be further cut, to "maintain balanced trade", a senior official told China Daily. "We will launch a series of measures to stimulate imports this ...

Trade surplus 'to decrease more' in 2011: 2011-3-8 Targeted imports will rise while export growth set to slow down BEIJING - The trade surplus will decrease further this year and may even go into deficit for a few months, Minister of Commerce Chen Deming said on Monday. This will be due to increased imports of high-tech ...

China's yuan weakens 36 basis points to 6.5687 per U.S. dollar Tuesday: 2011-3-8 BEIJING, March 8 (Xinhua) -- The Chinese currency, or the yuan, on Tuesday weakened 36 basis points to 6.5687 per U.S. dollar from the previous trading day, according to the China Foreign Exchange Trading System. The central parity rate of the yuan, or RMB, hit a record ...

China's yuan advances to new high: 2011-3-23 BEIJING - The Chinese currency, or the yuan, on Tuesday strengthened 40 basis points to a new high of 6.5592 per US dollar from Monday. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day. The ...

China's yuan sets new high against USD Friday: 2011-4-1 BEIJING, April 1 (Xinhua) -- The Chinese currency, or the yuan, on Friday gained 37 basis points from Thursday to a record high of 6.5527 per U.S. dollar. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each ...

China's central bank stresses management of liquidity, social financing: 2011-3-29 BEIJING, March 28 (Xinhua) -- 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 ...

China's yuan weaker against USD Monday: 2011-3-28 BEIJING, March 28 (Xinhua) -- The Chinese currency, or the yuan, on Monday weakened 38 basis points to 6.5618 per U.S. dollar from Friday. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day. The ...

China's yuan advances to new high against U.S. dollar Thursday: 2011-4-7 BEIJING, April 7 (Xinhua) -- The Chinese currency Renminbi (RMB), or the yuan, on Thursday gained 40 basis points, from Wednesday to a record high of 6.5456 per U.S. dollar. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central ...

GDP "to slow this year": 2011-1-26 The country's gross domestic product (GDP) growth is expected to retreat to 9.8 percent this year, with inflation likely to be under control at 3.7 percent, a government think tank said on Saturday. "Tighter credit and a higher economic growth base in 2010 will drag ...

China Cotton Market Daily(21 Feb 2011): 2011-2-22 CCF Price 2/21 CCF RMB price for type 329: 31885yuan/mt, +95yuan/mt 2/18 Cotlook A: 233.50cent/lb, +7.00cent/lb International cotton market On Friday Cotton futures fell from a record on speculation that the global crop will increase, replenishing a deficit that led ...

Rising cotton prices, yuan hurt textiles sector: 2011-2-25 BEIJING - Soaring cotton prices in China, together with appreciation of the yuan, have put tremendous pressure on the textile and clothing industry and may lead to further industrial consolidation, analysts said on Thursday. September-delivery cotton traded on the ...

China Knitting Industry Overview of the 11th FYP and Forecast on 2011: 2011-3-15 Operating performance of China's knitting industry during the 11th Five-Year Plan (11th FYP) maintained a growing momentum as a whole. The international markets of China s knitted textiles and apparel kept recovering. Exported value by the end of the 11th Five-Year Plan ...

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