While the world debates whether China will be the world's next super-power, Chinese sweatshops keep on churning out cheap goods for the world to consume. According to the International Herald Tribune, Wal Mart is one of the biggest offenders in...
Tag - Chinese economy
China reacting to the recent policy development in Washington advised the US Congress on Thursday to stay away from a planned bill that might lead to tariffs on its exports, at the same time assuring additional reforms that would address concerns...
The US Congress last night increased pressure on the White House to enforce protectionist measures against Chinese imports after the Bush administration shown its apprehension to accuse Beijing of maneuvering its currency. Even though the...
Chinese stocks nose-dived as nervous investors dumped shares amid uncertainties about further possible governmental actions to dampen the market following a stamp tax hike. However, market recovered quickly showing no sign of cooling down of...
The US Treasury Secretary Henry Paulson, concluding a meeting with China's top level delegation, said the negotiations have produced 'tangible results' that will help build confidence in bilateral trade ties. Paulson said that the agreement...
In an unprecedented development that highlights Beijing’s yearning to strike into the private equity boom, the Chinese government has decided to invest $3 billion of its huge foreign exchange reserves to acquire a 9.9 per cent stake in...
Amid intensifying economic dispute between China and the US, China's central bank announced that it would begin allowing the country's currency to fluctuate more during each day's foreign exchange trading. However, it yet again repulsed demands...
Shrugging off repeated warnings of the China Securities Regulatory Commission that it would crack down on insider trading and share manipulation, China's main stock index shot up 0.61 percent to a record close on Monday as investors caught up in the...
As Shanghai plays host this week to the African Development Bank's annual board of governors meeting, African countries are expecting that China will employ the event to show that its growing warmth for the continent extends beyond energy and...
The US trade deficit surged unexpectedly to beat expectations in March to $63.9 billion, as higher oil prices helped drive total imports to the second highest on record, according to a government report. The Commerce Department said in its report...
Ahead of the second round of China-US Strategic Economic Dialogue, US Treasury Secretary Henry Paulson has said it will take more than a stronger Chinese currency to reduce the record trade deficit between the US and China. Speaking at a forum of...
US Treasury Secretary Henry Paulson has once again reiterated that China is not moving quickly enough on currency reform, and said he hoped high-level talks next month would deliver results. Paulson in a speech in New York said, 'They're not...
China's economy in the first quarter grew 11.1 percent from the corresponding period last year, fuelled by rapid investment and booming exports. At the same time, a series of recent monetary tightening measures taken recently seem to have...
The Chinese cabinet has recently cleared in principle a plan to manufacture the country's own large passenger airplanes. The decision to manufacture large passenger aircraft could potentially pose a great threat to the dominance of Boeing Co and...
In February, China's exports of goods surged 52 percent against last year to $82.10 billion, at the same time imports increased 13 percent to $58.34 billion, according to customs figures released yesterday. The latest data suggests that the...
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