China, the top holder of U.S. Treasury bonds, urged the United States Tuesday to adopt responsible measures after ratings agency Standard & Poor's cut the outlook on U.S. sovereign debt to negative.
In 2005, with Chile negotiating a Free Trade Agreement with China, the United States became increasingly worried over China’s influence in the area, according to a confidential cable released last week by Wikileaks.
China raised banks' required reserves for the fourth time this year, extending the fight against excessive liquidity and stubbornly high inflation in the world's second-largest economy.
China's top customs authority announced Friday that trade with the other four BRICS nations surged by 45.8% to reach 59.9 billion US dollars in the first quarter of this year.
China's foreign exchange reserves exceeded the mark of 3 trillion US dollars for the first time at the end of March 2011, representing an increase of 24% from a year earlier. China retains the world’s leading position in forex reserves, according to data released by the country’s central bank.
Speculative money continues to flow into emerging markets, including China, and the situation is likely to continue over the long term, a top executive of China's largest commercial bank said Friday.
Inflation in China accelerated in March to the fastest rate since 2008, despite government efforts to cool prices. Consumer prices rose by 5.4% in March compared with a year earlier, the National Bureau of Statistics said. In February, the annual figure was 4.9%.
The BRICS group of emerging-market powers kept up the pressure for a revamped global monetary system that relies less on the US dollar and for a louder voice in international financial institutions.
China is far from normalizing soy-oil purchases in Argentina since it has not placed new orders according to the Argentina Cooking Oil Industry Chamber, CIARA. However the industry has managed to diversify markets.
China and Brazil on Tuesday clinched a host of government agreements and economic deals in Beijing to enhance their strategic partnership as Brazilian President Dilma Rousseff paid her first state visit to China.