The central bank raised the amount of money that banks must hold in reserve by 50 basis points on Sunday – the fourth hike this year – to mop up excessive liquidity and control inflation…
Category: Economy
China’s economy expanded 9.7 percent in the first quarter of 2011 from a year earlier, and 2.1 percent from the previous quarter to 9,631.1 billion yuan ($1,459.3 billion), the National Bureau of Statistics (NBS) said…
China is opening up to the world by encouraging foreign companies to invest for the first time in sectors such as education, services and fields like renewable energies. Key sectors will include high-tech, clean energy,…
China’s manufacturing expanded at a faster pace in March, suggesting resilience of the economy amid concerns that monetary tightening measures would result in an economic slowdown. The Purchasing Managers Index (PMI) of China’s manufacturing sector…
China’s banks made a net profit of 899.1 billion yuan ($137 billion) last year, up 34.5 percent from a year earlier, the fastest pace in three years, the China Banking Regulatory Commission (CBRC) said in…
China is on course to overtake the US in scientific output possibly as soon as 2013 – far earlier than expected. That is the conclusion of a major new study by the Royal Society, the…
China and the European Union (EU) launched the second phase of the EU-China Trade Project (EUCTP) in Beijing on Thursday, promising deeper trade cooperation between the two sides. According to the second phase of the…
The United States’ move to put some Chinese firms on a “notorious markets” list might hurt the companies’ reputation and China is concerned about the issue, a commerce ministry official said Sunday. Li Chenggang, head…
Chinese President Hu Jintao on Tuesday called for greater determination and efforts to achieve substantial progress in transforming the country’s mode of economic development. Hu made the remarks in a panel discussion with a delegation…
China’s holdings of long-term U. S. Treasury securities totaled 1.16 trillion U.S. dollars at the end of December 2010, according to an annual revision report released by the U.S. Treasury Department on Monday. The figure…