2008 May
Politics and Economics
China's forex reserve tops 1.2 trillion USD
Xinhua, 27/05/2008
Luan Shanglin
China's foreign exchange reserve reached 1.2 trillion U.S. dollars by the end of March, up 37.36 percent from the same period last year, the People's Bank of China...
Politics and Economics
WTO forecasts trade growth slowdown in 2007
Xinhua, 27/05/2008
Feng Tao
World trade is expected to grow slower in 2007 given the prospect of weaker economic expansion in the coming year, the World Trade Organization (WTO) said on Thursday.
The...
Trade & Supply Chain
Import levy slashed to prune trade surplus
Shanghai Daily, 27/05/2008
China will raise export taxes on 142 products and cut import tariffs on 209 types of goods to pare a record trade surplus that's threatening to hurt relations with the United States and other...
Trade & Supply Chain
China offers to raise US imports at talks
Agencies, 27/05/2008
China is willing to take effective measures to address trade imbalances with the United States, a senior Chinese official said last night.
"These measures include increasing imports from the...
Politics and Economics
Zhou Says China Plans to Increase Yuan Flexibility
Bloomberg, 27/05/2008
People's Bank of China Governor Zhou Xiaochuan, under pressure from American officials and lawmakers to reduce his country's record trade surplus, said China plans to further increase...
Politics and Economics
China to raise benchmark interest rates, bank reserve requirement
27/05/2008
China will raise the one-year deposit and loan interest rates as of May 19.
It will raise banks' reserve requirement ratio by 0.5 percentage points as of June 5.
China...
Politics and Economics
OECD predicts double-digit economic growth for China
Xinhua, 27/05/2008
Song Shutao
The Chinese economy is expected to grow at rates above 10 percent over the next two years, the Organization for Economic Cooperation and Development (OECD) said Thursday.
Politics and Economics
China urges U.S. Congress not to politicize trade issue
Xinhua, 27/05/2008
Lin Li
China on Tuesday warned of reprisals if the U.S. Congress adopts a bill on China's foreign exchange rate, which raises U.S. tariffs on imports from China.
"China has...
Industry and Manufacturing
EU, China agree to liberalize textile trade in 2008
Xinhua, 27/05/2008
The European Union (EU) and China have agreed to liberalize their bilateral textile trade in 2008, it was announced Wednesday.
This was one of 12 agreements reached during the trade talks...
Politics and Economics
Yuan posts biggest daily gains in two years
China Daily, 27/05/2008
China's yuan had the biggest gain since the end of a dollar link in July 2005 as the U.S. Treasury Department prepares to release a report that may increase pressure for faster appreciation.
Politics and Economics
China not manipulating currency - US Treasury
China Daily, 27/05/2008
Despite pressure from the US Congress, the Bush administration yesterday refused to cite China as a country that manipulates its currency to gain an unfair trade advantage.
In its semi-annual...
Politics and Economics
Steel exports begin to slow down in May
China Daily, 27/05/2008
China's steel exports have started slowing down as a result of the government's control measures, according to the latest industry data.
Overseas shipment of Chinese steel...
Politics and Economics
Yuan breaks key 7.6 barrier against dollar
Xinhua, 27/05/2008
China's currency, the yuan, hit a new high on Tuesday against the US dollar, according to the Chinese Foreign Exchange Trading System.
The central parity rate of the yuan, also known as...
Industry and Manufacturing
China's textile and apparel exports expected to grow slower in 2007
27/05/2008
The National Development and Reform Commission (NDRC) has predicted that the textile and apparel export this year would top 165 billion U.S. dollars, with a year-on-year growth of 16 percent.
Industry and Manufacturing
China sees reducing iron ore supply
27/05/2008
The three leading global iron ore suppliers are reducing their supply to China to ensure strong prices ahead of negotiations to set a benchmark price for the year beginning in April 2008, the China...
Industry and Manufacturing
Textiles quota lift does not promise surging export
China Daily, 27/05/2008
The quota on Chinese textile exports to the European Union will be removed next year, a decision nailed down in meetings between the ministry of commerce of China and the trade commission of the EU...
Politics and Economics
China May Revalue Yuan by 3.5%, Societe Generale Says (Update2)
Bloomberg, 27/05/2008
By Jake Lee
China may strengthen the yuan by as much as 3.5 percent in a single day to cool the economy and appease U.S. lawmakers, said Glenn Maguire, chief Asia economist at Societe...
Politics and Economics
Yuan Rises to Highest Since End of Link in 2005 on GDP Growth
Bloomberg, 27/05/2008
By Christina Soon and Belinda Cao
The yuan rose to the highest since the end of a dollar link in July 2005 after a report showed the economy grew the most in 12 years, adding to speculation...
Industry and Manufacturing
Chinese consumer electronics market to beat competitors
02/05/2008
China’s consumer electronics market is poised to emerge as the top most market by 2011 in terms of potential, market size, and growth rate, says RNCOS.
RNCOS, a leading market research...
Politics and Economics
China's Yuan Gains, Bonds Decline on Inflation Speculation
Bloomberg, 01/05/2008
China's yuan gained by the most in a month and bonds declined on speculation inflation accelerated this month because of rising commodity prices.
China may revalue the yuan by 10 percent...
Politics and Economics
China to See `More Evident' Impact of U.S. Slowdown
Bloomberg, 01/05/2008
China's economy may be increasingly affected by the U.S. slowdown and global financial market turbulence, the National Development and Reform Commission said today in Beijing.
``The...
Industry and Manufacturing
China Food Prices to Rise More Than 10% in 2008
Bloomberg, 01/05/2008
Food prices in China, the world's most populous nation, will rise by an average 10 percent or more this year as demand outpaces farm production and record global prices boost import costs, a...
Politics and Economics
China Stocks Gain; Baoshan Steel, Bank of China Rise on Profit
Bloomberg, 01/05/2008
China stocks rose as earnings from Baoshan Iron & Steel Co. and Bank of China Ltd. helped counter concerns that government measures to curb inflation will hurt corporate profits.
Baoshan...
