Tag: China

• Friday, May 20th 2011 - 10:16 UTC

  China says new IMF chief should better represent emerging economies

  

  The new leadership of the IMF should reflect changes in the world economic order and be more representative of emerging market economies, People’s Bank of China Governor Zhou Xiaochuan said on Thursday.

• Wednesday, May 18th 2011 - 16:18 UTC

  Frozen power rates anticipate China faces worst energy shortage since 2004

  

  China has started rationing electricity to try and stave off an energy shortage that government officials say could be the worst since 2004. State-owned power generating companies are dealing with high global energy prices that have cut their profits.
  China has also banned the export of diesel, to try to meet domestic demand.

• Tuesday, May 17th 2011 - 17:39 UTC

  Brazil non automatic import licences on blankets from China and Uruguay

  

  Brazil announced it was imposing non automatic import licences on synthetic fibre blankets from Paraguay, Uruguay and China, according to an official communiqué from the Brazilian Ministry of Development, Industry and Foreign Trade released Tuesday.

• Tuesday, May 17th 2011 - 05:51 UTC

  China ready to increase trade and investments in Brazil but infrastructure lacking

  

  China moved to smooth economic relations with Brazil on Monday, saying it was open to more Brazilian exports and that Chinese firms will broaden their investments in the country.

• Monday, May 16th 2011 - 05:02 UTC

  Beijing promises more trade and investments but Argentina must respect Chinese exports

  

  China Trade Minister Chen Deming promised to further increase bilateral trade with Argentina which last year reached 13.5 billion US dollars but also asked for reciprocity regarding China’s exports.

• Monday, May 16th 2011 - 03:14 UTC

  Brazil, India current account deficits leads to ‘inevitable’ crisis warns China

  

  China will be able to avoid a financial crisis that is due to hit other developing countries over the next five to 10 years a central bank adviser was quoted as saying on Saturday.

• Monday, May 16th 2011 - 03:01 UTC

  China again hikes banks reserves requirements, fifth time this year

  

  In an attempt to cool inflation China’s Central bank raised banks’ reserve requirements for the fifth time this year. The half-point increase takes effect May 18 and will boost levels for China’s biggest lenders to a record 21%.

• Thursday, May 12th 2011 - 05:59 UTC

  China’s inflation eases in April but food costs are scaring the Communist party

  

  China's surging inflation eased slightly in April as Beijing tightened controls to cool its overheated economy. Consumer prices climbed 5.3% over a year earlier, driven by an 11.5% jump in food costs, data showed Wednesday.

• Tuesday, May 10th 2011 - 21:27 UTC

  Beijing promises a more flexible Yuan exchange rate, says US Treasury

  

  China assured the United States that it will continue moving toward a more flexible Yuan exchange rate, a US Treasury official said on Tuesday. The announcement came as the Central bank set the Yuan reference rate at the strongest level since 2005.

• Tuesday, May 10th 2011 - 21:23 UTC

  China’s trade surplus soars in April with imports less dynamic than exports

  

  China's trade surplus in April was nearly four times bigger than expected, with exports far exceeding imports. The trade surplus was 11.4 billion US dollars, according to the customs agency, whereas analysts had expected a figure of about 3 billion USD.