Tag: China

• Sunday, April 15th 2012 - 16:03 UTC

  China allows wider flotation margin for the Yuan against the US dollar

  

  China will allow the Yuan to trade in a wider daily range against the US dollar from Monday, taking another major step to further liberalise its exchange rate regime and make its currency more market oriented.

• Monday, April 9th 2012 - 15:50 UTC

  China’s inflation rebounds in March conditioning easier monetary policy

  

  China's inflation rebounded slightly in March after logging an extremely low growth in February, backing lingering uncertainty regarding the country's ability to contain price rises.

• Monday, April 9th 2012 - 15:40 UTC

  China planning 200m state of the art icebreaker for service in 2014

  

  A new icebreaker is scheduled to join Xuelong, China’s only Antarctic research vessel, in 2014, highlighting Beijing’s ambition for further exploration and scientific study in polar regions.

• Monday, April 2nd 2012 - 05:28 UTC

  China’s Sinopec buys 30% stake in Portugal’s Galp operations in Brazil

  

  Chinese oil group Sinopec officially completed a deal to buy a 30% stake in Petrogal Brasil which is responsible for oil and gas exploration and production activities of Portugal’s Galp Energia in Brazil.

• Saturday, March 24th 2012 - 08:35 UTC

  Chinese manufacturing slumps for fifth month; Euro zone shows signs of recession

  

  Chinese manufacturing slumped for a fifth month in March and the Euro zone economy is showing new signs of wilting, according to surveys revealed this week that pointed to weakening global demand.

• Thursday, March 22nd 2012 - 01:46 UTC

  China announces more purchases of soybean during the first half of the year

  

  Chinese State of Administration of Grains revealed that the world's top buyer of soybeans is on course to import 25% more in the first half of this year than the first six months of 2011, which will benefit major producers Argentina, Brazil and US.

• Monday, March 19th 2012 - 23:28 UTC

  China and IADB agree on one billion investment fund; warnings from Brazil

  

  China and the Inter-American Development Bank said on Monday they are starting a 1-billion US dollars fund to invest in Latin America, though the Asian giant’s latest push to expand its influence in the region prompted words of caution from Brazil.

• Thursday, March 15th 2012 - 14:55 UTC

  Power struggle and ideological division exposed in China’s leadership

  

  Ambitious Chinese Communist Party leadership contender Bo Xilai has been sacked from his post as head of the city of Chongqing in a dramatic move that exposes growing ideological divisions just as a new generation readies to take power.

• Thursday, March 15th 2012 - 14:29 UTC

  Wen Jibao calls for ‘urgent reform; warns against another ‘Cultural Revolution’

  

  Chinese Premier Wen Jibao made a strong pitch for political reforms in the Communist ruled country, warning that a failure to carry out structural corrections could unleash the upheaval of another Cultural Revolution.

• Tuesday, March 13th 2012 - 07:07 UTC

  India confirms ban on cotton exports; China furious makes official complaint

  

  India will keep a controversial ban on its cotton exports for now after ministers failed to agree its fate at the weekend, even after top buyer China had criticised the move, which boosted global prices.