ICBC is the world biggest bank by market value
Two of China’s biggest banks have reported big increases in profits for the first half of the year.
Industrial & Commercial Bank of China, currently the world’s biggest bank, said net… more...
Investment in some factories has slowed but demand for Chinese-made goods remains high
Chinese industrial growth slowed again in July, adding to data suggesting that the country’s economy is cooling.
Factory output… more...
There have been calls for China to allow the yuan to strengthen
China has allowed the publication of an International Monetary Fund (IMF) staff report for the first time since 2006.
China had previously… more...
China has experienced rapid economic growth in the last 20 years
China has overtaken the United States to become the world’s top energy consumer for the first time, a new report says.
Provisional figures from the… more...
Angela Merkel called for closer ties during her meeting with the China
The Chinese Premier, Wen Jiabao, has said that China will continue to invest in European markets, despite the debt
The pace of growth in the world’s third-largest economy slowed in the second quarter, official figures show.
China’s economy grew by 10.3% in the three months to June, down from 11.9% in the first quarter, but still well above the government’s 8% target.
The slowdown comes as the impact fades of an unprecedented expansion in bank lending ordered by Beijing last year.
The government has also… more...
NEW YORK – Taiwan’s information minister says a trade agreement with China signed two weeks ago is a giant step forward in overcoming the country’s economic isolation, building trade, and speeding the integration of Asia.
Johnny Chi-Chen Chiang said the government now plans to hold talks with Taiwan’s other trading partners in a push to become more integrated into the global economy.
He told a luncheon Tuesday sponsored… more...
China
China’s frothy property market may have peaked after a government clampdown on speculators, new data has shown.
Property prices across 70 cities fell 0.1% in June compared with May - the first monthly fall since February 2009.
Meanwhile, separate trade figures released at the weekend showed exports surging… more...
BEIJING (Reuters) – China’s high economic growth and expectations of a stronger yuan are luring global speculative funds into its stock and property markets, a senior foreign exchange regulator said in remarks published on Monday.
Deng Xianhong, vice head of the State Administration of Foreign Exchange, said China must step up efforts to reform exchange rate policies and let the market play a fundamental role in deciding the value… more...
BEIJING – China said Friday its economy rebounded even more strongly from the global slump last year than previously thought, raising its official growth estimate from 8.7 percent to 9.1 percent.
The latest figure showed the strength of China’s stimulus-fueled rebound but set a high standard that might make this year’s growth look weaker by comparison amid concerns economic growth is slowing.
The earlier 2009 growth figure of… more...