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…
Category: China
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…
Mao Mengjia gave up a career as a doctor in China because he could make more money selling medicine than prescribing it. Mao tripled his income after quitting his job at a hospital in northeastern…
Chen Bingde, Chief of the General Staff of the Chinese People’s Liberation Army (PLA), held talks with his U.S. counterpart Mike Mullen here on Monday. Mullen, chairman of the United States Joint Chiefs of Staff,…
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…
A night in old Beijing can mean dinner in an old hutong courtyard restaurant followed by a couple of hours of traditional crosstalk comedy, a famous form of northern China banter. Despite Beijing’s enormous development…
At least two people were injured in an escalator accident at a subway station in Shenzhen City, south China’s Guangdong Province, on Sunday night. “They have been sent to hospital and doctors said they were…
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…
Yang Guoding stood motionlessly by his farm, staring at the water running onto his fields from a nearby reservoir. To the 66-year-old farmer and many others living in his village, irrigation water became rare once…