Tag: China

• 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.

• Monday, May 9th 2011 - 00:53 UTC

  Two-day strategic and economic dialogue between US and China

  

  Top US and Chinese officials will be meeting for two days in Washington, starting this Monday. The heads of 16 US government agencies and representatives from 20 Chinese government departments will discuss the most difficult issues in a complex, interdependent relationship.

• Friday, May 6th 2011 - 02:14 UTC

  Iron-ore price doubles in a year; Brazil Vale’s profits soar to 6.8bn in first

  

  Brazil’s Vale, the world’s largest iron ore producer, posted a record quarterly profit as mineral prices and sales of metals including copper and nickel surged. Net income increased to 6.83 billion USD from 1.6 billion, in the year-ago period, Vale announced Thursday in a regulatory filing.

• Monday, May 2nd 2011 - 00:21 UTC

  China’s manufacturing slows down in April, according to official data

  

  China's manufacturing growth slowed in April, according to official figures. The country's purchasing managers' index (PMI), which is designed to provide a snapshot of conditions in the manufacturing sector, fell to 52.9 in April, from 53.4 in March.

• Saturday, April 30th 2011 - 09:48 UTC

  To help contain inflation, China allows appreciation of the Yuan

  

  China's currency, the Yuan, strengthened past a key level against the US dollar on Friday, as part of wider efforts to contain inflation on the mainland. The Yuan broke past 6.50 against the dollar, a level not seen since 1993.

• Tuesday, April 26th 2011 - 16:50 UTC

  Human rights situation in the US according to China and reported by Fidel

  

  The Cuban revolution leader Fidel Castro in his latest ‘Reflections’ column “The brutal and turbulent North” writes about China’s report on human rights in the United States, which is basically a counter report on Washington’s annual document on the human rights situation in each of the world’s countries.

• Tuesday, April 26th 2011 - 02:44 UTC

  China becomes the largest market for premium luxury Jaguar Land Rover

  

  Jaguar Land Rover expects China to become its largest market in the next few years, according to Bob Grace, president of Jaguar Land Rover China, who said that the company aims to sell over 40,000 vehicles in China this year, which will be a significant growth of 54% over last year's 26,000 units.

• Thursday, April 21st 2011 - 06:41 UTC

  China further opens its market to Brazilian beef, chicken and now pork

  

  China opened its market significantly for Brazilian beef and chicken said Brazil’s Agriculture minister Wagner Rossi on his return from a week long visit to China with a business delegation headed by President Dilma Rousseff.