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Date:2011/10/17
China on Friday formally launched a pilot program that allows foreign enterprises to use the yuan to invest in the country, as part of its efforts to raise the global profile of the currency.
The People's Bank of China, the central bank, ...
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Date:2011/10/14
According to the data released by MOFCOM on October 13, China's domestic steel price had declined by 0.1% for the week ended on October 9 compared to prior week. For instance, the price for seamless steel pipe with specification of 219*7 and rou...
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Date:2011/10/13
The Chinese currency Renminbi, or the yuan, weakened 139 basis points to 6.3737 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:2011/10/12
China bought more Japanese debt than it sold for the first time since October 2010 as it sought refuge from the fiscal crises of the United States and Europe.
The country with the fastest-growing major economy bought a net 345.6 billion yen ($4.5 bi...
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Date:2011/10/13
Vice-Premier Li Keqiang called for more efforts to expand domestic demand and balance urban and rural development in a bid to facilitate the country's economic restructuring and improve the livelihoods of China's people.
Li made the remark...
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Date:2011/10/11
China warned the United States on Monday of a trade war if Congress passes a bill pressuring Beijing to appreciate the yuan. The warning came a day before US lawmakers are set to vote on the bill.
Vice-Foreign Minister Cui Tiankai reiter...
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Date:2011/10/12
The Chinese currency Renminbi, or the yuan, weakened 115 basis points to 6.3598 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading system.
In China's foreign exchange spot market, the yuan is allowed to rise o...
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Date:2011/10/13
Vice-Premier Wang Qishan on Tuesday expressed strong confidence regarding the success of Sino-Russian natural gas negotiations.
"Natural gas cooperation is one of the most important aspects of bilateral energy cooperation and China will show its utm...
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Date:2011/10/11
China will revise its resource tax system on Nov 1, with oil and natural gas producers to be assessed on the basis of value rather than volume, according to a statement on the central government's website on Monday.
The new tax system doe...
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Date:2011/10/12
Small businesses in the Pearl River Delta have gloomy profit projections for this year due to a number of factors, especially rising production costs and tightened liquidity, a survey has found.
The survey, conducted by the National School of ...
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Date:2011/10/13
China's Foreign Ministry on Wednesday morning urged the US government, Congress and communities to firmly oppose the action of pressuring Chinese renminbi exchange rate with its domestic legislation.
"China called on the US government, Congress...
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Date:2011/10/11
When thousands of protesters took to the streets from New York to other US cities last week, launching a grand "Occupy Wall Street" movement for feeling angry over economic injustice, the US Senate made an uproar by proposing a controversial bill ins...
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Date:2011/10/12
China and Russia made giant strides in energy cooperation on Tuesday by first agreeing a price for Russian oil exported through a cross-border pipeline and then announcing the approaching "final stage" of work on Russian gas exports to China.
...
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Date:2011/10/13
Construction began on Wednesday for a major solar power plant in Northwest Ningxia Hui autonomous region as part of China's efforts to accelerate the development of renewable energy.
The Hanas New Energy Group, based in Yinchuan, Ningxia, plans...
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Date:2011/10/11
Local governments at all levels are expected to face stronger obligations to protect the environment, and polluters will face much heavier fines, according to a draft proposal to amend China's decades-old Environmental Protection Law.
The...
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Date:2011/10/12
The Chinese government will launch a nationwide campaign starting Saturday to inspect the country's offshore petroleum drilling and exploration businesses to prevent future oil spills.
The joint inspection by six government departments came aft...
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Date:2011/10/13
According to the data released by CISA (China Iron and Steel Association), China's registered steelmakers contributed a daily crude steel output of 1.6397 million t in late September, up 0.16% as compared to middle September.
Meanwhile,...
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Date:2011/10/10
The Chinese currency Renminbi, or the yuan, weakened 37 basis points to 6.3586 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading system.
The yuan hit a record high of 6.3549 against the greenback on Sept. 30.
In Chin...
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Date:2011/10/11
China's stocks opened more than 2 percent higher on Tuesday after an arm of China's sovereign wealth fund bought shares in four major Chinese State-owned banks to show support.
The benchmark Shanghai Composite Index gained 2.43 percent to ...
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Date:2011/10/12
China's stocks posted a sharp rise on Wednesday on speculation of more financial support from the government to shore up the bearish market.
The Shanghai Composite Index recorded the greatest daily rally since the beginning of the year. The ind...