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Experts beware yuan rise as hot money risk brews2009-10-22 9:09:24
Chinese exporters should brace themselves for a steady rise in the value of the yuan while the steep hiking of asset prices looks set to continue, say analysts studying the movements of "hot money."Although the value of the yuan, China's currency, has hovered at around 6.83 to the US dollar for the past several months, analysts say the rush of international short-term speculative funds h
Trade fair sends strong signal of export upturn2009-10-21 14:31:52
An important barometer of China's foreign trade, the Canton Fair reported late Tuesday a strong rebound in foreign purchase and buyers compared with the last session in April, an encouraging sign of the country's export amid the continuing global recession.The first phase of the biannual 106th China Import and Export Fair from October 15 to 19 saw an export volume of about $15.6 billion. That's up
China shares up on optimistic prospect in economic growth2009-10-20 9:16:06
Chinese equities gained Monday, boosted by optimistic prospect in the country's economic growth, analysts said.The benchmark Shanghai Composite Index gained 61.64 points, or 2.07 percent, to end at 3,038.27. The Shenzhen Component Index rose 449.9 points, or 3.74 percent, to close at 12,483.27.Gainers outnumbered losers by 852 to 33 in Shanghai and 742 to 26 in Shenzhen. Combined tu
China's fiscal revenue up 33% in September2009-10-17 9:12:59
China's fiscal revenue rose 33 percent from a year earlier to hit 560.94 billion yuan ($82.13 billion) in September, the Ministry of Finance announced on Friday.It is the fifth month in a row that China's monthly fiscal revenue has risen year-on-year, since it rose 4.8 percent in May.The ministry said the strong rebound was based on the relatively low basis in September last year and a dom
Bloc looks to boost cross-border trade2009-10-16 8:33:07
A bloc of nations that includes China and five Eurasian countries pledged to boost cross-border trade yesterday and explore the shared use of each other's currencies.At the 8th annual prime ministers' summit in Beijing, the Shanghai Cooperation Organization (SCO) member states - China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan - broadly discussed enhancing economic ties.Though the
China appreciates India's ending trade probe into tires2009-10-13 9:24:33
China appreciates India's decision to terminate a trade investigation into Chinese-made passenger car tires, the Ministry of Commerce (MOC) said Saturday.The decision would not only help boost the steady development of bilateral trade ties, but also benefit the downstream businesses of India, the MOC said in a statement on its website.China hoped to increase exchanges and cooperation on trade issu
China, Russia set to ink slew of contracts2009-10-13 9:22:40
Nearly three-dozen deals worth more than $5.5 billion combined are expected to be signed between China and Russia during Prime Minister Vladimir Putin's visit to Beijing, possibly including a major refinery in Tianjin.The Sino-Russian contracts involve a range of industries, from energy, transportation, mining, to finance and telecom.Chinese observers hailed the deepening economic bonds between th

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