-
Date:2011/09/16
The Chinese currency Renminbi, or the yuan, gained 81 basis points to a record high of 6.3797 per 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 ris...
-
Date:2011/09/16
China's stocks opened higher on Friday with the benchmark Shanghai Composite Index up 0.45 percent to open at 2,490.18.
The Shenzhen Component Index opened 0.53 percent higher at 10,905.59.
Source: Xinhua
-
Date:2011/09/16
The annual transaction volume of Shanghai's financial markets is expected to reach 1,000 trillion yuan ($160 trillion) by 2015, Shanghai's top financial services official said Thursday.
Transactions of Shanghai's financial markets, in...
-
Date:2011/09/15
Visiting Chinese top legislator Wu Bangguo said here Wednesday that China would work with Russia to deepen pragmatic cooperation and build a close, long-term and sustainable economic and trade relationship.
Wu, chairman of the Standing Committ...
-
Date:2011/09/16
The new import tariffs imposed by the European Union (EU) on ceramic tiles made in China will keep more than 1,000 Chinese exporters out of the European market, an expert said.
The EU placed the import tariffs on the tiles on Thursday, and Chi...
-
Date:2011/09/13
The Chinese central bank said on Sept 12 that the slower pace of money supply growth in August was within expectations and the overall money supply was in line with current steady economic growth.
In a statement on its website, a spokesma...
-
Date:2011/09/15
China might miss its target of keeping inflation below 4 percent this year, an official said on Sept 14.
The 4 percent figure was a "predictive target" instead of a "directive" one, Zhang Xiaoqiang, vice-minister of the National Development and Refo...
-
Date:2011/09/16
The volume of total exports of goods in Hong Kong rose 1 percent in July from a year ago, the city's statistic department said here on Thursday.
The volume of goods re-exports grew 1.7 percent over a year earlier, while that of domestic exports...
-
Date:2011/09/13
China should formulate policies to encourage more companies to use the yuan in the settlement of their outbound direct investment (ODI), said a central bank official.
"The scope of applications for the yuan is not much different from that of t...
-
Date:2011/09/15
The Asian Development Bank (ADB) on Sept 14 trimmed its growth estimate of China for 2011 and 2012, mainly because of the weakness of external demand and the government's efforts to cool inflation.
But economists at the ADB said...
-
Date:2011/09/16
Chinese citizens are now more willing to save rather than spend as they are less satisfied with current price levels, according to a third-quarter survey by the country's central bank.
The survey showed that nearly 83 percent of those surveyed ...
-
Date:2011/09/13
The appreciation of Chinese currency will continue to follow a gradual pace despite the upcoming push of visiting French Foreign Minister Alain Juppe for a faster speed of the renminbi's rise, economists said on Sept 12.
Juppe will visit Beijin...
-
Date:2011/09/14
China's banking regulator said on Sept 13 that the nation had established 615 rural financial institutions as of the end of June in an effort to improve rural financial services.
Among them 369 are located in central and western regio...
-
Date:2011/09/16
According to the data released by MOFCOM on September 15, China's domestic steel price had declined by 0.1% for the week ended on September 11 compared to prior week. For instance, the price for high speed wire rod with diameter of 6.5 mm and re...
-
Date:2011/09/13
People's Bank of China, the country's central bank, reiterated on Monday that stabilizing the overall price levels remained the top priority of macro-economic regulation.
Some factors that drive prices upwards had been contained but not el...
-
Date:2011/09/14
China's crude steel output fell 0.9 percent to 58.75 million tons in August from the previous month as several steel mills reduced production due to maintenance, official figures showed.
Data released by the National Bureau of Statistics (NBS) ...
-
Date:2011/09/15
China's stocks opened mixed on Thursday with the benchmark Shanghai Composite Index down 0.08 percent to open at 2,482.86.
The Shenzhen Component Index opened 0.16 percent higher at 10,839.58.
Source: Xinhua
-
Date:2011/09/13
According to the data compiled by China's customs, China's steel product exports totaled 4.19 million t in August, decreasing by 0.25 million t month over month while up 49.6% year over year. At the same time, China's overall steel pro...
-
Date:2011/09/14
China's potential purchase of Italian bonds may help diversify the world's largest foreign exchange reserves and boost investor confidence in European markets, some analysts said.
But others doubted whether China would actually go ah...
-
Date:2011/09/15
The Chinese currency Renminbi, or the yuan, gained 67 basis points to 6.3878 per 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 fall by 0....