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Long march of China's currency yuan: Ge Yafang, who runs a textile company in eastern China's Jiangsu Province, always says her destiny was changed by the reform of China's exchange rate policy. Ge, president of the Black Peony Co., said the company was "forced" to shift to a technology-driven operation from its ...

China's manufacturing expands at a slower pace: China's manufacturing expanded at a slower pace for a second month in June, adding to signs that growth in the world's third-largest economy is moderating. The Purchasing Managers' Index fell to 52.1 from 53.9 in May, the Federation of Logistics and Purchasing said in an e-mailed ...

Chinese exporters ditch wounded euro for dollars: Chinese exporters who made a big push only a year ago to bill in euros are increasingly turning their backs on the wounded European currency and demanding dollars instead. By contrst, Beijing last week said a report it was reviewing the euro portion in its mountain of foreign ...

Industry Growth Rate to Slow Down in Late Half: Considering the market situation, the recovery of international market turned to clear. It might kept this tendency, but the sovereign debt crisis factor couldnot be ignored. Therefore, the export might grow in a slower speed comparing to first half. For the domestic market, with ...

Slowdown in the First-8-Months Profit Growth of the Textile Industry: Slowdown in Profit Growth According to data collected from statistics-worthy Chinese textile enterprises surveyed by National Bureau of Statistics of China, from Jan. to Aug., 2010, the total profits reached CNY128.649 billion, up 52.42 per cent y/y, 40.14 percentage points ...

Raw Material Prices Soaring Impact Canton Fair: Leading by the cotton price, almost all the textile and clothes raw material prices kept rising, which resulted in 30% price soaring of the textile and clothes goods in the 108th Canton Fair. Consequently, both the buyers and orders reduced comparing to last one. There were 56...

China: Stronger Yuan must precede rate increase, Zuo says: China should let the yuan strengthen before raising interest rates, to avoid fueling inflows of capital that may stoke inflation, government economist Zuo Chuanchang said. Raising interest rates while keeping the yuan s exchange- rate fixed would only attract more capital, Zuo, ...

Chinese economy accelerates, but risks mount: More worrisome say economists, is that property prices are rising rapidly - like a bubble. Chinese officials say the country's massive stimulus package last year worked - the economy grew nearly nine percent last year. But it may have worked too well. China has to deal with a ...

China struggles to meet 3% inflation target: Premier Wen Jiabao may struggle to keep inflation at his 2010 target of about 3 percent, after banks flooded the Chinese financial system with money to drive the nation s economic rebound. Inflation may peak at 4.4 percent during the year, according to the median forecast of 14 ...

China to expand yuan trade settlement trial: China will expand a trial scheme allowing some firms to settle trade deals in the yuan currency, as businesses seek to control exchange rate risks, an official newspaper reported on Sunday. Beijing launched the pilot programme last year allowing selected regions and countries to ...

China: Yuan poised to become reserve currency: China s yuan is destined to become a global reserve currency rivaling the dollar and the euro, as the nation s economic power increases the currency s allure, said Jim O Neill, chief economist at Goldman Sachs Group Inc. The Chinese government will eventually allow the yuan, or ...

Pressure growing on China to revalue currency: Pressure on China to allow its currency to rise in value against the dollar intensified Wednesday with a prominent economist telling Congress that the Obama administration should cite China and four other Asian economies as currency manipulators in a report due in April. C. Fred ...

China's economy booms: China posted its fastest economic growth in almost three years, quashing any doubt about its robust recovery from the global crisis. But its surprisingly strong 11.9 per cent expansion in the first quarter of this year has also stoked fears of overheating, while raising pressure ...

Taiwan dlr recovers; c.bank, Goldman fears ease: The Taiwan dollar recovered from central bank intervention in the previous session and guardedly tracked Asian assets higher as alarm over the fraud charges aimed at Goldman Sachs waned around the region, dealers said. The central bank, which limits foreign exchange fluctuations ...

China's yuan gains in Clout on World markets: A new heavyweight is flexing its muscles in the $3 trillion-a-day market for currency trading: China. Speculators, for instance, bet that other Asian currencies, especially those that are more freely traded, will rise relative to the dollar when the yuan is also allowed to. Above...

China Currency move will have mixed results in Japan: Tokyo joined Washington and others in welcoming China's decision to increase the flexibility in its currency policy over the weekend. But the close and complex interdependence between Asia's two largest economies suggests the impact could hurt, as well as help, Japan. Unlike the ...

China: Yuan forwards drop to one-month low after Bernanke says economy uncertain: Yuan forwards dropped to the weakest level in a month after Federal Reserve Chairman Ben S. Bernanke said the economic outlook is unusually uncertain, prompting investors to seek safety in the dollar. Central bankers remain prepared to take further policy actions to aid growth, ...

China Yuan has biggest monthly drop since 1994 as economy slows: The yuan had its biggest monthly loss since January 1994 after China s government sought to support economic growth and the U.S. currency rallied. The yuan declined 0.5 percent in August, trimming gains since the central bank ended a two-year dollar peg on June 19 to 0.3 percent. ...

China's Manufacturing Growth Accelerates, PMI Shows: China's manufacturing grew at a faster pace for a fourth straight month in November, indicating the economy can withstand higher interest rates as price pressures escalate. The Purchasing Managers' Index rose to 55.2 from 54.7 in October, China's logistics federation said on its ...

China s Stocks Fall as Output Growth Fuels Tightening Concern: Dec. 1 (Bloomberg) -- China's stocks fell, extending the biggest monthly drop since June, as faster-than-estimated manufacturing growth signaled the economy can withstand further increases in interest rates to contain inflation. Harbin Pharmaceutical Group Co. and Shanghai Fosun ...

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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: BEIJING, Jan. 21 (Xinhua) -- Chinese shares rose on Tuesday after the ...

China slams Japan's NHK governor's denial of Nanjing massacre: BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

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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: TORONTO, Jan. 24 (Xinhua) -- Canada's main stock index fell sharply on ...

GM China chairman to retire: CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

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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: As China's traditional banks raise interest rates to claw back lost ...

Chinese leader calls for more marine power: Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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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 Olympic champion Wang Meng has been ruled out of the 139...

Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

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