Chinese economy to grow 9.6 percent this year and 9.1 percent in 2011, according to the Asian Development Bank report Tuesday.
HSBC China PMI rose by more than 3 points in September from July, indicating that Chinese manufacturing is regaining its vigor.
Large-scale industrial companies in China have posted a 55 percent year-on-year increase in net profit during the January ~ August period this year.
Any sanction measures against China will result in a chain effect that will cause losses to not only China and the United States, but also East Asian countries.
The national interbank loan transfers will help lenders to better handle risks and promote the liberalization of interest rates.
The Chinese economy is bound to depression by 2013, according to several economists’ forecast today at an economic forum.
Chinese Premier Wen Jiabao denied possibilities for Chinese currency, the yuan or renminbi, to appreciate drastically despite pressures from the U.S. congress members.
The IMF is likely to raise the membership quota of China to 6 percent from 3.9 percent now, putting in line with Japan.
Foreign exchange purchases by Chinese banks rose in August, hitting a four-month high, suggesting that inflows of speculative “hot money” are returning to China.
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