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
The UK is paying more attention to the impact from China’s easing economy upon the global economy. China’s economic slowdown has spurred Chinese enterprises to increased overseas engagement after a long learning period, Chinese ...
China's central bank said Monday the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated. The fundamentals include a high ...
Tags: RMB, Central Bank
China's foreign exchange reserves, the world's largest, fell by US$87.2 billion in November to US$3.44 trillion, central bank data showed yesterday, the lowest level since February 2013 and the third largest monthly drop on record. ...
Tags: Forex Reserves, foreign exchange
Moderate economic growth in 2015 has become the “new norm” for the stabilizing Chinese economy. With the Chinese government introducing industry restructures, explosive economic growth has become history. Gone are the good days ...
Chinese President Xi Jinping paid a four-day state visit to Britain from Oct 20 to 23, during which the two countries signed cooperation agreements worth a combined 40 billion pounds, including Chinese investment in a British nuclear power ...
Tags: China-Britain Rapport, closer ties
2014 marked the first year of the China-Germany Economic Adviser Council (hereinafter referred to as the Council) to operate officially since its establishment. The Council focused on such five core tasks as offering advice and suggestions ...
Tags: China-Germany Trade and Economic Cooperation, enterprises
“The (Chinese) LED industry is in deep waters, and only a few manufacturers will survive in the next few years,” said several industry insiders during recent interviews with LEDinside’s editorial team in China. With the ...
Tags: LED industry, Chinese LED market
Over 100 million Chinese travel abroad every year, buying more luxury goods than any other nation. Shopping for the perfumes and designer clothes that can cost them twice as much at home is a major travel incentive. However, China’s ...
Tags: luxury goods, perfumes, designer clothes
China's surprise devaluation of the yuan on Tuesday, when the country's central bank set the official value of the renminbi about 2% weaker against the dollar, has not hit the petrochemicals complex in a significant way, industry ...
Tags: polymer, carbide PVC
The Hurun Luxury Consumer Price Index, an annual study that gauges levels of top-end individual spending in China, has contracted for the first time in eight years. The LCPI 2015 dropped 1.8 percent year-on-year, said wealth researcher ...
It is often assumed that emerging-economy living standards are bound to converge with those in developed countries. But, leaving aside some oil exporters and the city-states of Hong Kong and Singapore, only three countries and regions ...
Tags: emerging economy, financial crisis
More steps necessary to reverse trend, says government think tank China may need more time to reverse the current economic downturn than previously expected, and further measures are necessary to prevent an accelerated cooling, a leading ...
Tags: economic downturn, China economy
Financial service companies expect the pilot free trade zone in Guangdong to play a key role in fostering innovation and boost business with its close proximity to Hong Kong and Macao. The Guangdong zone, to be unveiled on Tuesday, is ...
With Chinese currency the yuan, also known as the renminbi, enjoying rising acceptance, banks and enterprises in the Gulf Arab region are seeking ways to catalyze the growing demand for conducting trade with the currency. "By the end of ...