Yesterday's U.S. interest rate adjustment narrows the scope for China to balance currency stability with economic growth. The U.S. Federal Reserve raised the benchmark interest rate by 25 basis points on Wednesday, the first increase ...
Tags: U.S.Rate, China's Policy
The Hong Kong Monetary Authority raised its base rate from 0.5 percent to 0.75 percent on Thursday, following the U.S. Federal Reserve's lead overnight and raising concerns of capital outflows from the region. The Hong Kong dollar's peg ...
Tags: Hong Kong dollar, U.S.dollar, U.S.Fed
China once again urged the United States to ratify the International Monetary Fund (IMF)'s 2010 quota and governance reform plan, which will grant emerging countries greater say in the institution, as soon as possible. According to media ...
China has granted a 50 billion yuan (7.8 billion U.S. dollars) investment quota to Thailand under the Renminbi Qualified Foreign Institutional Investor (RQFII) pilot program, China's central bank said Thursday. The decision, part of ...
Tags: RQFII, financial cooperation
Chinese Premier Li Keqiang (R) and Russian Prime Minister Dmitry Medvedev meet the press after the 20th China-Russia Prime Ministers' Regular Meeting in Beijing, capital of China, Dec. 17, 2015. [Photo: Xinhua] China and Russia signed ...
Tags: oil, gas, financial cooperation
The European Commission has cleared commodities trading group Trafigura's minority holding in Belgium-based zinc and lead producer Nyrstar. In November, Trafigura told the EC its minority 20.02% stake in Nyrstar -- held through its ...
Tags: Nyrstar, Zinc, lead metal
The announced merger between petrochemical giants Dow Chemical and DuPont will have a significant impact on the low-density polyethylene market and could be just the beginning of large-scale consolidations, an industry consultant said ...
Tags: Dow Chemical, DuPont, polyethylene, LDPE
China's bluechip-tracking Hushen 300 index changes its sample on Monday to include more growth stocks. [Photo: tooopen.com] China's bluechip-tracking Hushen 300 index changed its sample on Monday to include more growth stocks. While ...
Tags: stocks, Hushen 300 Index
The Communist Party of China (CPC) Central Committee has held a meeting to solicit opinions from non-communist persons on the country's economic work, according to a statement released on Monday. While presiding over the meeting, which ...
The Communist Party of China (CPC) on Monday unveiled its major economic tasks for 2016, the first year of the country's 13th Five-year Plan. To reduce housing inventories, more migrant rural workers should be issued with urban-residency ...
Tags: Economic Tasks, economic development, social development
The Chinese mainland made around 104 billion U.S. dollars in non-financial investment in overseas markets in the first 11 months of 2015, up 16 percent year on year, an official of the Ministry of Commerce (MOC) said on Tuesday. Outbound ...
South Korea's financial regulator on Wednesday approved the banking operations of China Everbright Bank, a unit of the state-owned Everbright Group. The Financial Services Commission (FSC) said in a statement that it gave a nod to ...
Tags: Everbright Bank, foreign banks
Call it a tale of two sectors -- China's slipping manufacturing and flourishing service sector have defined the country's economy. The Chinese economy is undergoing heavy restructuring as it slowed to a six-year low of 6.9 percent in the ...
Tags: economy, service sector, manufacturing
China's central bank projected its baseline forecast for 2016 growth at 6.8 percent on Wednesday, expecting the number of positive factors to gradually increase despite downward pressure on the economy. The rate is slightly lower than the ...
Tags: Central Bank, economy
China's annual economic growth could be between 6.6 percent and 6.8 percent next year, with employment and consumer prices remaining stable, a government think tank forecast on Wednesday. However, with growing downward pressure due to ...
Tags: economic growth, GDP