Forex hike suggests influx of ‘hot money’

BEIJING – China’s foreign exchange reserves rose by a faster-than-expected 30.3 percent year-on-year by the end of June to reach $3.2 trillion, a possible indicator of an increasing inflow of “hot money”, analysts said. The…

Canadian FM Baird to make first visit to China

Canada’s Foreign Affairs Minister John Baird will travel to China this weekend for the first official visit since assuming the portfolio following the Conservative Party’s victory in the May 2 federal election. During his stay…

Protection of human rights gets big boost

BEIJING – Chinese officials have hailed the country’s improvements in curbing forced confessions and other illegal means of obtaining testimony as examples of the country’s achievements in protecting human rights. Xiong Xuanguo, vice-president of the…

Sang wins big victory in compensation battle

NEW YORK – Former Chinese gymnast Sang Lan, who was paralyzed in a fall at the 1998 Goodwill Games in New York, scored a major victory on Monday after reaching an agreement with three insurance…

Senior CPC official starts visit to UAE

He Guoqiang, a senior official of the Communist Party of China (CPC), arrived here on Tuesday evening, kicking off an official visit to the United Arab Emirates (UAE). He plans to meet with UAE Vice…

China’s debts hit 28t yuan

China’s government debts totaled about 28 trillion yuan by the end of 2010, accounting for 71 percent of the GDP, the Beijing Times reported Tuesday Citing a report released by Standard Chartered Bank, the newspaper…

China concepts stocks will survive: Analyst

Stocks of Chinese companies that traded overseas will survive the accounting scandal and shorting crisis, an analyst told chinadaily.com.cn in Beijing on Sunday. The analyst,surnamed Li, said in a salon held in Peking University that…

Imported vehicles become more popular in China

The China Passenger Car Association (CPCA) said the sales of imported vehicles this year in China will be more than 1 million, the Beijing Business Today reported on Tuesday. Rao Da, CPCA’s vice general secretary,…