US economic slowdown seems to have finally hit China. China’s trade surplus unexpectedly experienced a sharp fall in February. This sudden fall was not expected given the 48% record growth in the country’s trade surplus in 2007. The gap between...
Tag - China
China on Monday joined a group of policy makers in expressing concern over a weakening dollar - the world's main reserve currency.
Wen Jiabao, the Chinese premier, told a business audience in Singapore that it was becoming difficult to manage...
China has made inroads into the African economy with its biggest ever acquisition on foreign soil with the state controlled Industrial & Commercial Bank of China Ltd (ICBC) agreeing to buy 20% of the share of Standard Bank Group Ltd., Africa's largest...
Michael Crichton, the author of such best-selling science fiction extravaganzas like the Jurassic Park has a quieter, less known book which bristles over with a rabid fear of all things Japanese. In the Sun Rising, Crichton talks of the Japanese...
To control money supply and curb rising prices, the People's Bank of China has raised interest rate on bank deposits by 27 basis points to 3.6%, and the lending rates by 18 basis points, to 7.02% from 6.84%, fourth time this year.
On the basis...
China's monthly inflation has accelerated to the highest level in more than 10 years as increasing food prices are continuously hurting the economy and fueling the speculation of another interest rates hike.
In a monthly report, the National...
Many are speculating that after west, it is time for Asia to lead the world. 21st century is allying with Asia and expecting it to be the next power region.
Development in major Asian regions has proved it correct. Countries like China, India,...
Amid escalating pressure and intensified lobbying against China in the US, Treasury Secretary of US, Henry Paulson once again urged China to permit its currency to appreciate faster, at the same time, also raising product-safety and environmental...
Jolted by the U.S. subprime housing market, IMF's head Rodrigo Rato has warned that global investment and growth prospects were at risk from a dramatic rise in private equity buy-outs.
There are risks associated with the recent dramatic growth in...
At the end of the high-level economic talks between Chinese and U.S. officials, the one thing that bothered President Bush most was the 'beef'. After a meeting with visiting Chinese Vice Premier Wu Yi, Bush said that he was really disappointed that...
The International Monetary Fund has assured that Asian economies will not face any substantial financial crisis amid the heavy influx of global capital.
Developing Asian economies are successfully attracting healthy foreign direct investment and...
China raised interest rates in the latest series of tightening steps aimed at keeping inflation in check and preventing the world's fourth-largest economy from overheating.
The People's Bank of China increases its benchmark one-year lending...
Rising foreign investment is ensuring China's development as it mounted 22 percent to $6.6 billion in June compared to last year.
The Ministry of Commerce asserts that China's foreign direct investment (FDI) grew 12 percent to $31.9 billion in...
China's economy is booming despite its humiliating foray into tainted food and other hazardous stuff. In the last three months, country's foreign reserve has added an overwhelming $266.3 billion, which pushed the total reserve to a record $1.33...
Finally, China acknowledges that its food items contained toxic substances, as country’s nationwide survey discloses.
Government led survey conveys that nearly one in five of the food and consumer products were found to be substandard or...
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