The price of pork, a staple of the Chinese diet, hit a new high in China this month due to rising costs and short supply, state media said on Tuesday, amid persistent concerns about soaring…
Category: Economy
China will link local officials’ performance appraisals to the level of debt held by local governments, state media reported Monday, an apparent move to cap borrowing and address worries that possible defaults could damage China’s economy….
China is close to clinching a top-level post at the International Monetary Fund, sources familiar with the situation said Wednesday after the IMF’s new chief pledged to give more power to emerging economies. IMF sources…
China’s June inflation rate of 6.4 percent may be the peak this inflationary cycle as price increases are slowing on a month-on-month basis, according to Citic Securities Co. Consumer prices may rise about 6 percent…
China’s stocks fell for the third time in four days on concern slumping U.S. jobs growth, Europe’s worsening debt crisis and faster Chinese inflation may hurt the global economic recovery. Industrial & Commercial Bank of…
The Chinese currency Renminbi, or the yuan, weakens four basis points to 6.4709 per U.S. dollar on Monday, according to the China Foreign Exchange Trading system. In China’s foreign exchange spot market, the yuan is…
Chinese imports grew at the slowest pace in 20 months in June, government data showed Sunday, providing further evidence of the broad effect of monetary tightening on the economy. The slowing rate of imports in…
China will invest over 1.5 trillion yuan ($232 billion) in the aviation industry in the next five years and will push consolidation among airlines to hone their international competitiveness, the official Shanghai Securities News reported on…
A new zone in which the marine economy will be promoted has been announced for the nation’s largest archipelago, signaling another phase in China’s development. The establishment of the Zhoushan Archipelago New Area is a…
Financial Secretary of Hong Kong John Tsang said Friday that innovation and technology development will be crucial to make the Pearl River Delta (PRD) Region one of the world’s most competitive regions by the year…