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Import growth outpaces China's exports in October trade: BEIJING, Nov. 10 (Xinhua) -- 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 Wednesday. Exports and imports in ...

China's yuan strengthens 123 basis points against USD: BEIJING, Sept. 2 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), strengthened 123 basis points to 6.8003 per U.S. dollar Thursday from 6.8126 per U.S. dollar Wednesday, according to the data released by the China Foreign Exchange Trading System. ...

China hikes bank reserves to ease inflation expectations: BEIJING, Nov. 10 (Xinhua) -- China's central bank moved a step further to tighten liquidity amid increasing inflation pressures as it ordered Chinese banks to set aside more reserves on Wednesday. The People' s Bank of China, or the central bank, announced it would raise the ...

China's yuan hits new high at 6.6582 against U.S. dollar Thursday: BEIJING, Oct. 14 (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 Foreign Exchange Trading System. Thursday's ...

IMF's quota reform aims at increasing global confidence: China's central bank governor: WASHINGTON, Oct. 8 (Xinhua) -- Giving emerging economies a bigger say at the International Monetary Fund (IMF) would broaden its representation and boost global confidence but it should not be linked to taking greater responsibility in the global economy, Governor of the People's ...

Chinese gov't confident of keeping inflation in check: Premier Wen: BEIJING, Dec. 26 (Xinhua) -- With a series of measures being adopted to curb price spikes, the Chinese government is confident of keeping prices at a reasonable level, Premier Wen Jiabao said Sunday morning. "Inflation expectations are more dire than inflation itself," Wen said, ...

More policies to curb inflation: BEIJING, Dec. 13 (Xinhuanet) -- 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 ...

China to shift to prudent monetary policy next year: BEIJING, Dec. 3 (Xinhua) -- China said on Friday that it will switch its monetary policy stance from relatively loose to prudent next year to tackle rising inflation and keep economic growth at sustainable pace. The Political Bureau of the Communist Party of China (CPC) Central ...

China's PMI of manufacturing sector rises to 55.2% in Nov.: BEIJING, Dec. 1 (Xinhua) -- 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 ...

China's central bank keeps watch on prices, liquidity: BEIJING, Nov. 29 (Xinhua) -- 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 ...

China targets liquidity to cool inflation: China targets liquidity to cool inflation BEIJING, Nov. 17 (Xinhuanet) -- 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 ...

China's central bank raises priority of price controls: report: BEIJING, Jan. 30 (Xinhua) -- 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 ...

China's central bank raises priority of price controls: report: BEIJING, Jan. 30 (Xinhua) -- 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 ...

Some Chinese banks stop lending as January quotas reached: report: BEIJING, Jan. 28 (Xinhua) -- Some of China's major banks have stopped lending as they have already reached their January lending quotas, the China Securities Journal reported Friday citing banking sources. "Branches of a state-owned commercial bank were notified by their head ...

China's yuan advances to 6.5876 per USD Thursday: BEIJING, Jan. 27 (Xinhua) -- The central parity rate of yuan, the Chinese currency, Thursday gained 2 points to 6.5876 against the U.S. dollar, according to the China Foreign Exchange Trading System. China's central bank announced in June 2010 it would further reform the exchange ...

China's GDP growth forecast to slow down: WB: BEIJING, Jan. 14 (Xinhuanet) --The country's GDP growth rate will slow to 8.7 percent this year from 10 percent in 2010, and a key challenge in 2011 will be to ensure that anti-inflationary measures do not "significantly" reduce growth, the World Bank said on Thursday. The bank ...

China's economy to slow on weak demand, prudent policy concerns: report: 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, ...

China's 2011 money supply back to normal level: central bank official: English.news.cn 2010-12-25 01:45:09 FeedbackPrintRSS BEIJING, Dec.24 (Xinhua) -- China will bring its overall money supply to a normal level with a range of policy tools next year as the government shifts monetary policy from "moderately loose" to "prudent", the central bank said ...

China's 2011 industrial output growth may slow to 11%: BEIJING, Jan. 24 (Xinhua) -- China's industrial output growth may slow this year, said a senior official from the Ministry of Industry and Information Technology (MIIT) Thursday. The full-year industrial added value output could rise 11 percent, down 4.7 percentage points from ...

More U.S. companies eye China's domestic market: survey: 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 the ...

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