The governor of China’s restive western region wants to boost its economy by further opening it up to external trade and investment, state media said Monday. Gov. Nur Bekri said he would promote Xinjiang’s foreign…
Category: Economy
China’s bank regulator has cracked down on off-balance-sheet lending by the country’s banks as its latest step to prevent risky lending from hurting its financial system, sources told Reuters on Monday. The China Banking Regulatory…
China has issued a new classification standard for small and medium-sized enterprises (SMEs) and introduced the concept of micro-enterprises for the first time, a move signaling more policy support to small and micro-enterprises. Companies with…
The Chinese has got away with two new nuclear reactors for Pakistan by the Nuclear Suppliers Group (NSG). At the June 23-24 plenary meeting of the 46-nation nuclear cartel in Noordwik, Netherlands, China was questioned about the two new…
BEIJING – China’s inflation is expected to reach a three-year high in June – possibly exceeding 6 percent for the first time since August, 2008 – driven by soaring food prices and living expenses, analysts…
A heavy tax burden is one of the reasons behind the high cost of living in China, some experts said while looking into why the prices of some goods are higher in China than in…
U .S. businesses are increasingly looking to China’s western hinterlands as the future source of growth and profits, with Ford, Wal-Mart and other companies planning major investment and expansions in cities such as this sprawling…
China still faces “large” inflationary pressure and the central bank will maintain a “prudent” monetary policy, the People’s Bank of China said today. “We must pay close attention to the latest international and domestic economic and…
Smaller-than-expected drops in the overnight, one-week and two-week Shanghai Interbank Offered Rates (SHIBOR) on Monday indicate that government efforts to tighten up bank liquidity are having an effect, analysts have said. The overnight, one-week and…
Hong Kong and China shares moved above their 250-day moving averages in robust turnover on Monday, on anticipation that reduced inflation pressures in the Chinese economy and favourable earnings could sustain a rally that began last week….