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Date:2012/02/01
China's net international investment position at the end of September 2011 was positive to the tune of $1.89 trillion, the State Administration of Foreign Exchange (SAFE) announced Tuesday.
The net international investment position is the...
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Date:2012/01/20
Spring Festival has ramifications for global trade, Andrea Fenn reports from Shanghai.
With Lunar New Year just days away, most Chinese people are savoring a week of holidays, family reunions and feasting, charging up for the Year of the Dragon.
But ...
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Date:2012/01/29
The leaders of Denmark and Finland said on Friday that China has showed a willingness to contribute to global efforts to bail out debt-ridden European countries. However, a senior Chinese policy adviser said there should be preconditions.
Speaking a...
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Date:2012/02/01
In 2011, raw coal production reached 98.20 million mt in China's Heilongjiang Province, up 1.13 million mt or 1.2 percent year on year, while coal sales in the province reached 88.23 million mt, down 1.10 million mt or 1.2 percent year on year, ...
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Date:2012/01/20
China and Qatar aim at more comprehensive cooperations, including in the field of investment, visiting Chinese Premier Wen Jiabao told a press conference here on Wednesday.
Among a series of cooperative agreements reached here Wednesday between the ...
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Date:2012/01/29
Singapore Prime Minister Lee Hsien Loong on Thursday expressed optimism towards China's economic outlook in the next few years at the Davos Annual Meeting.
Speaking at a session titled "the Outlook for East Asia," Lee said he was fundamentally ...
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Date:2012/02/01
Chinese steelmaker Chongqing Iron and Steel Group (Chongqing Steel) has announced that in 2011 its crude steel output reached 6.0299 million mt, up 32.24 percent year on year, while its finished steel output totaled 5.7301 million mt, up 34.28 percen...
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Date:2012/01/19
The Chinese currency Renminbi, or the yuan, advanced 32 basis points to 6.3173 against the U.S. dollar on Thursday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or ...
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Date:2012/01/29
Attack on China's currency exchange rate is totally unfair as the renminbi, also known as yuan, has been continuously appreciating, an adviser to China's central bank said Friday.
"Renminbi exchange rate has probably caused the biggest mis...
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Date:2012/01/19
Closer trade relations with the mainland can mitigate the harm posed by the global economic slowdown to Hong Kong's highly open economy.
The downturn and slowing of trade "will surely affect the economic growth of Hong Kong, a relatively ...
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Date:2012/01/19
China's non-financial outbound direct investment (ODI) rose 1.8 percent year-on-year to $60.07 billion in 2011, the Ministry of Commerce (MOC) said Wednesday.
The figure brings China's total non-financial ODI to $322 billion as of the end ...
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Date:2012/01/16
China will construct an offshore wind farm with an installed capacity of 300 megawatts (MW) in Leting County, North China's Hebei province, making it the country's largest such project.
The feasibility report for the wind farm located near...
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Date:2012/01/19
China's economy can achieve a soft landing in 2012 despite a global economic slowdown, World Bank chief economist Justin Lin said Wednesday.
China's massive foreign exchange reserves will help the world's second-largest economy shrug ...
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Date:2012/01/19
China's latest revised submission on joining the Government Procurement Agreement (GPA) is "clearly better" than the previous one, an EU commissioner told reporters on Wednesday.
Michel Barnier, European Commissioner for Internal Market and Ser...
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Date:2012/01/16
Chinese shipbuilders in 2011 finished building more ships year-on-year, but the global economic slowdown halved their orders, according to data released by the Ministry of Industry and Information Technology (MIIT) on Friday.
China's shipbuildi...
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Date:2012/01/19
China will increase its electricity imports from Russia with the opening of a China-Russia high voltage direct current (HVDC) converter station in northeast China's Heilongjiang province, a local power company said Wednesday.
Heilongjiang...
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Date:2012/01/13
The Chinese currency Renminbi, or the yuan, gained 29 basis points to 6.3201 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall...
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Date:2012/01/17
China's retail sales rose 18.1 percent year on year in December 2011, accelerating from the 17.3 percent growth in November, the National Bureau of Statistics (NBS) said Tuesday.
Retails sales in 2011 increased 17.1 percent year on year, slower...
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Date:2012/01/13
Australia is set for an A$112 billion ($115 billion) infrastructure boom as the nation adds ports and railways to feed China and India's appetite for coal and iron ore.
The largest exporter of the key steelmaking materials will build enou...
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Date:2012/01/17
China, along with other emerging countries, has been a role model in the UN's campaign for promoting sustainable energy and providing energy for all, UN General Secretary Ban Ki-moon said Monday at the ongoing World Future Energy Summit (WFES) i...