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China stock index futures open lower Wednesday: China's stock index futures opened lower Wednesday. The contract for settlement in February 2011, the most actively traded, opened 8.6 points lower at 3,077.6. The March 2011 contract opened 9.8 points lower at 3,101.2 and the contract for settlement in June 2011 rose 5.6 points ...

Investors bet on tighter policy controls: China's faster-than-estimated economic growth has raised investors' speculation that the monetary authority will boost borrowing costs. Their tightening concerns dragged the Shanghai Composite Index down 2.7 percent last week. Friday's 1.4 percent rebound saved the gauge from the ...

China unveils new moves to push for yuan's global reach: China announced on Thursday that the nation's qualified businesses and banks could settle their overseas direct investment in yuan, a move that could expand the Chinese currency's global reach and ease excessive liquidity domestically. The People's Bank of China (PBOC), or the ...

China revises up 2009 GDP growth rate to 9.2%: The growth rate of China's gross domestic product (GDP) in 2009 has been modified up to 9.2 percent from the previous 9.1 percent, the National Bureau of Statistics (NBS) announced Tuesday. After the revision, China's GDP at current value was 34.0903 trillion yuan ($5.15 trillion...

US, China economic relationship benefits both nations: The economic relationship between the United States and China "provides tremendous benefits" to both nations, US Treasury Secretary Tim Geithner said on Wednesday. "China presents enormous economic opportunities for the United States and for the world," said Geithner at the Johns ...

China to attract overseas talent to aid economic restructuring: China will attract overseas experts in equipment manufacturing and emerging industries this year to help its economic restructuring process, officials said Tuesday. The country would also recruit overseas talent who could help in the technological upgrading of enterprises, the ...

China's yuan strengthens at 6.6216 per USD Tuesday: The value of Chinese currency, the yuan, strengthened as the central parity rate was set at 6.6216 yuan per U.S. dollar Tuesday, compared with the 6.6349 on Monday, according to the China Foreign Exchange Trading system. The central parity rate of the currency, also known as the ...

U.S. Stocks start 2011 at new highs: U.S. stocks ended at new highs in more than two years on Monday, the first trading day of 2011, as investors were feeling more optimistic about the outlook of the U. S. economy. Wall Street wrapped up the year of 2010 with solid gains. The Dow Jones industrial average jumped 11 ...

Rate reforms can tame inflation: China should hasten the liberalization of its interest rate market to rein in accelerating inflation in the world's second-biggest economy, Reuters reported Wednesday, citing a senior Chinese central bank official. According to the report, Sheng Songcheng, the head of statistics ...

China's yuan sets new high against USD Thursday: The Chinese currency, or the yuan, on Thursday gained 22 basis points from Wednesday to a record high of 6.5564 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 trading day. The central parity rate ...

Wal-Mart to invset in China B2C website: five other companies have agreed to invest more than $500 million in 360buy.com, China's biggest business-to-customer (B2C) website, the Chinese company said, The New York Times reported Monday. Richard Liu, 360buy.com's chairman and chief executive officer announced the ...

China's yuan strengthens against USD for 9th consecutive day: The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6247 per U.S. dollar Wednesday, compared with Tuesday's 6.6252, according to data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the ...

Wall Street gain as investors position for quarter end: U.S. stocks rose for a second consecutive session Wednesday as investors re-allocate positions for the end of the quarter and reports showed U.S. job markets continued recovering. As the geopolitical fears were fading in the markets, investors started to re-allocate their ...

Chinese banks' net profit up 34.5%: China's banks made a net profit of 899.1 billion yuan ($137 billion) last year, up 34.5 percent from a year earlier, the fastest pace in three years, the China Banking Regulatory Commission (CBRC) said in a report released on Tuesday. Net interest margin contributed 66 percent to ...

Foreign firms seek expansion into China, even as "super national treatment" ends: Observers may still worry that China is losing its attractiveness for inbound investment after it abolished preferential policies for foreign firms. However, with a profitable 2010, foreign entrepreneurs are already beginning to explore deeper into China's vast market. Yu Jinsong...

China's yuan higher against U.S. dollar Friday: The Chinese currency, or the yuan, on Friday strengthened 45 basis points to 6.5580 per U.S. dollar from Thursday. 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 central parity rate of the RMB ...

U.S. expert sees new business opportunities in China: The rising of a new middle class in China is a trend which will continue and that has brought new opportunities for American business, says a U.S. expert on China here Tuesday. Stanley Rosen, director of East Asian Studies Center at the University of Southern California (USC), ...

China's yuan weaker against USD Monday: 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 central parity rate of the RMB against ...

China's yuan weakens against U.S. dollar Wednesday: The Chinese currency, or the yuan, on Wednesday weakened 9 basis points to 6.5601 per U.S. dollar from Tuesday. 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 central parity rate of the RMB against ...

Xinjiang to boost inbound investment: China's Xinjiang Uygur autonomous region will allow lower-level economic planning agencies in the region to approve foreign investments of up to $100 million, local authorities said Monday. Xinjiang's prefecture and municipal-level development and reform commissions and state...

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Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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