Tag: China

• Wednesday, October 20th 2010 - 01:04 UTC

  In a surprise move China raises interest rate for the first time since 2007

  

  China has raised interest rates for the first time since 2007, as it tries to rein in inflation and dampen its red-hot real estate market. The People's Bank of China said it will raise its one-year lending rate to 5.6% from 5.31% and its one-year deposit rate to 2.5% from 2.25%.

• Wednesday, October 20th 2010 - 00:59 UTC

  China purchases 70.000 tons of Argentine soybean oil; in November 80.000 tons?

  

  China has bought at least 70,000 tons of Argentine soybean oil after Beijing decided to unlock the imports ban that had resulted in a mounting-tension conflict. The move came after China agreed to allow all products coming from Argentina to enter its ports and was reported by Oil World magazine.

• Monday, October 18th 2010 - 21:49 UTC

  China insists that reforming the Yuan “will be a gradual process”

  

  A senior IMF official tried to dampen talk of a global currency war, while China said it will stick to a gradual reform of its currency.

• Thursday, October 14th 2010 - 05:46 UTC

  China admits “currency war” spectre but responsibility is shared by G20

  

  China is trying to avoid a currency war, but issues concerning any specific currency should not be treated as part of an agenda at G20 meetings, a Chinese G20 negotiator said.

• Tuesday, October 12th 2010 - 06:59 UTC

  China resumes purchases of Argentine soy beans banned since April

  

  China’s two largest state-owned grains and oilseeds trading companies to import soybean oil from Argentina, easing restrictions imposed in April. Beijing-based Cofco Ltd., China’s biggest grain trader, and China Grain Reserves Corp. have been cleared by the commerce ministry to import soybean oil from Argentina.

• Monday, September 27th 2010 - 18:26 UTC

  China alleges ‘dumping’ and imposes 104% tariff on US chicken imports

  

  The Chinese Commerce Ministry said it would impose a 105.4% tariff on U.S. chicken exports after concluding they were unfairly priced. After a yearlong investigation, China concluded US exporters were selling chicken in China at prices that were lower than the costs of production, a practice known as product “dumping.”

• Tuesday, September 14th 2010 - 03:08 UTC

  Wide ranging trade deal brings Taiwan closer to China

  

  A historic trade deal between China and Taiwan took effect Sunday signalling improvement in relations between the two countries after they were split by a civil war over 60 years ago.

• Friday, September 10th 2010 - 04:20 UTC

  Chilean top farm lobbyist offered position as ambassador to China

  

  Luis Schmidt, former president of the National Society of Agriculture (SNA) and the Chilean Fruit Growers Association (Fedefruta), has been offered the position of the Chilean Ambassador to China.

• Wednesday, September 1st 2010 - 19:34 UTC

  Chinese sovereign fund takes control of 10% of Morgan Stanley’s

  

  The U.S. Federal Reserve Board announced it has approved the application by China Investment Corporation (CIC) to buy up to 10% of voting shares of investment giant Morgan Stanley.

• Monday, August 30th 2010 - 07:18 UTC

  China essential for Uruguay’s “international development”

  

  Uruguay pledged efforts to seek a stronger relationship with Beijing since “China is an essential factor in the international development of Uruguay”, said Vice-President Danilo Astori following an hour long meeting in Beijing with his counterpart Wu Bangguo, president of the National Assembly.