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Exchange rates make luxury goods in Europe more attractive: Europe Beckons Chinese Shoppers Recently, the Chinese media has pointed out that the yuan's relative strengthening to the euro has lured more travelers from mainland China--mainly wealthier individuals from the prosperous urban east coast--to head to European countries in the ...

China overtakes Japan as No.2 economy: China overtakes Japan as No.2 economy From: China Daily China has overtaken Japan to become the world s second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty. Depending on how fast its exchange rate rises, ...

IMF hails China s policy response in financial crisis: IMF hails China s policy response in financial crisis From: Xinhua Chinese authorities quick, determined and effective policy response has helped mitigate the impact on the economy and ensured that China has led the global recovery, the International Monetary Fund (IMF) said on ...

SAFE: China to continue efforts to crack down on hot money inflows: SAFE: China to continue efforts to crack down on hot money inflows From: Xinhua China s foreign exchange regulator Wednesday pledged to continue efforts to manage illegal capital inflows in the second half of the year. In a statement on its website, the State Administration of ...

China announces new move to boost yuan s overseas use: China announces new move to boost yuan s overseas use The People s Bank of China (PBOC), the central bank, announced Tuesday it would allow overseas financial institutions to invest in the country s interbank bond market on a trial scheme as an effort to further promote yuan ...

Chinese premier says no basis for drastic currency appreciation: Chinese premier says no basis for drastic currency appreciation Visiting Chinese Premier Wen Jiabao said here Wednesday there was no basis for the drastic appreciation of the yuan, the Chinese currency. During a speech at a welcome banquet by U.S.-China friendship organizations, ...

China s yuan hits new high at 6.6582 against U.S. dollar Thursday: China s yuan hits new high at 6.6582 against U.S. dollar Thursday From: Xinhua The value of yuan, China s currency Renminbi, hit new high against U.S. dollar Thursday as the central parity rate of the yuan was set at 6.6582 per U.S. dollar, according to the data released by the ...

China s foreign debt breaks $500 billion mark: China s foreign debt breaks $500 billion mark China s foreign or external debt broke the $500 billion mark for the first time this year, indicating a revitalization of trade activity, according to figures released by the State Administration of Foreign Exchange Saturday. The ...

China to continue with gradual exchange rate reforms: chief currency regulator: China to continue with gradual exchange rate reforms: chief currency regulator From: Xinhua China will continue to promote gradual exchange rate reforms, even while the yuan is expected to stabilize at a reasonable level, said Yi Gang, head of the State Administration of Foreign ...

Uneven global recovery and China s contribution: Uneven global recovery and China s contribution From: Xinhua Against the backdrop of uneven recovery of the world's economies, it is necessary to show coordinated policies among developed and emerging countries, and China's influence on world economy is increasingly important, ...

China set to continue yuan exchange rate reform: president: China set to continue yuan exchange rate reform: president China will continue its yuan exchange rate reform, adhering to the principles of controllability and graduality, Chinese President Hu Jintao said on Nov. 3. Hu, due to visit France and Portugal from Nov. 4 to 7, made the ...

China s October trade surplus jumps to second highest of 2010: China s October trade surplus jumps to second highest of 2010 From: Xinhua China said Wednesday its trade surplus expanded sharply to 27.15 billion U.S. dollars in October from September's 16.88 billion U.S. dollars, making the October figure the second highest this year after ...

Import growth outpaces China s exports in October trade: Import growth outpaces China s exports in October trade China s exports rose 22.9 percent in October from a year earlier to 135.98 billion U.S. dollars, while imports increased 25.3 percent to 108.83 billion U.S. dollars, the General Administration of Customs (GAC) said last ...

China targets liquidity to cool inflation: China targets liquidity to cool inflation China's Ministry of Commerce said on Tuesday it will adopt measures and work in concert with other government agencies to cool the inflation heat prevailing in the country. "We would enhance the connection between vegetable production and ...

China to continue moderately loose monetary policy: China to continue moderately loose monetary policy From: Xinhua The People s Bank of China (PBOC), or the central bank, announced on Nov. 2 it would continue the moderately loose monetary policy and make it better-targeted and more flexible in the coming months of this year. The ...

Q4 Steel Exports Depend on Four Factors: China exported 36.24 million tons of crude steel in the first nine months of this year, an increase of 116.73 percent from a year earlier. Exports in the fourth quarter will depend on the following - Whether overseas demand will continue to grow or not? Judging from the ...

CISA Warns of Grim Export Prospects: The China Iron and Steel Association (CISA) has predicted a bleak external environment for the domestic steel industry that has been reeling from the high cost of iron ore. An additional 15 million tons of steel capacity will emerge in South Korea alone this year, which is bound ...

Baosteel's 9-month Net Profits Soar: Baosteel forecast a rise of between 170 percent and 190 percent in its net profits in the first three quarters of this year over the corresponding period of 2009, beating the previous expectation of up to 160 percent in its half-year report. The steel company attributed the surge ...

Chinas currency regulator says to promote trade ba: BEIJING, Dec. 8 (Xinhua) -- China\'s exchange rate regulator said Tuesday it would work to promote balance of payment next year by stabilizing exports while expanding imports. The promotion of balance of payment should be the fundamental of the work in 2010 in order to safeguard ...

China's move to raise bank reserve ratio draws global response: BEIJING, Jan. 13 (Xinhua) -- The decision of the People's Bank of China (PBOC), the central bank, to increase the deposit reserve requirement ratio has drawn worldwide attention and fluctuations in global markets. The PBOC decided on Tuesday to raise the deposit reserve ...

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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 ...

world

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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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industry

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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sports

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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