Economy Live

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...

Chinese Commerce Minister Bo Xilai has recently said that China is in process to formulate a range of policies that are aimed at limiting its huge trade surplus. However, he further indicated that an overnight change in this direction is not...

The U.S. trade deficit narrowed by 3.8 percent in January to $59.1 billion as the country's exports surged to an all-time high, the Commerce Department reported on Friday. The Department of Commerce announced that total January exports of...

China has announced that it is setting up a new investment agency to gain higher returns on its foreign currency reserves of more than $1 trillion, the largest stockpile in the world. Chinese finance minister Jin Renqing said that China will...

China's national legislature initiated deliberations on a proposed corporate law that would progressively equalize corporate taxes on foreign and domestic corporations. The recent measures, including path-breaking bill on property law, have been...

The U.S. Treasury Secretary Henry Paulson has said China risks wasting trillions of dollars in resources and lost economic potential unless it rapidly opens its capital markets. He further said in a speech delivered in Shanghai that China should...