U.S. president Obama is to press his counterpart to let the yuan strengthen in a series of global summits to be held in November, Reuters said quoting a senior Treasury official.
The European debt crisis could hardly hit China’s financial industry, said vice governor of ICBC.
China jailed two officials for leaking economic data, the latest in recent stepped-up efforts to crack down disclosure in linked to insider trading in the world’s third-largest equity market.
China's central province of Henan was the third to be struck by a private lending frenzy following Wenzhou, home of entrepreneurs, and northern city of Ordos
Recent economic and social developments in China fully demonstrate that growth achieved through strengthened administrative control and pouring resources into the economy is unsustainable.
China still has much to work towards a modern market economy and that will take a long time, FAN Gang said.
Risks in China’s local financing vehicles, property and the so-called “shadow banking” are controllable, said Liu Mingkang.
China supports the initiative of “Made in the World,” which has been launched by the WTO to support the exchange of projects, experiences and practical approaches in measuring and analyzing trade in valued added.
The index of real effect exchange rate of China’s currency jumped 3.77 percent in September to 125.01 from August’s 120.47, the Bank for International Settlement (BIS) said Tuesday.
Growth is slowing amidst policy tightening but the underlying strength of domestic demand should ensure a soft-landing.
A conservative estimate, based on an official survey, put the amount of private lending in Ordos at above 200 billion yuan.
Nearly 20 percent of city-level local governments have a debt ratio of over 100 percent, which, however, would not necessarily cause a proble, said Jia Kang.
Barring selective easing for small companies, the PBoC will likely hold monetary policy stable, as inflation is expected to ease only gradually in the coming months.
Premier Wen Jiabao on Friday urged “related” countries to admit China’s marketing economy status while saying that China wills strengthen financial and economic ties with major sources of its trade surplus.
Foreign investors rushed to gobble up Chinese stocks as they began boosting holdings of the exchange-traded funds (ETFs)
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