Archive for the ‘China Economy’ category
China, U.S. underscore value of high-level dialogue to bilateral ties
U.S. Treasury Secretary Timothy Geithner, U.S. Secretary of State Hillary Clinton, Chinese Vice Premier Wang Qishan and Chinese State Councilor Dai Bingguo (L to R) attend a press conference of the second round of China-U.S. Strategic and Economic Dialogues in Beijing May 25, 2010. (Xinhua/Zhang Duo) by Chen Jipeng, Ye Shuhong BEIJING, May 25 (Xinhua) [...]
Chinese president meets Clinton, Geithner after high-level dialogues
Chinese President Hu Jintao (R) shakes hands with U.S. Secretary of State Hillary Clinton in Beijing May 25, 2010. Hu met with Hillary Clinton and U.S. Treasury Secretary Timothy Geithner on Tuesday after the two-day second round of China-U.S. Strategic and Economic Dialogues concluded. (Xinhua/Rao Aimin) BEIJING, May 25 (Xinhua) — Chinese President Hu Jintao [...]
HP’s quarterly results beat expectations
SAN FRANCISCO, Nov. 22 (Xinhua) — Hewlett-Packard Co. (HP) on Monday reported increases of sales and profit in its most recent quarter, both better than analysts had expected. HP’s revenue reached 33.3 billion U.S. dollars in the company’s 2010 fiscal fourth quarter ended on Oct. 31, up 8 percent from the same period a year [...]
China’s consumer inflation to rise 3.8% in Q4: think tank
BEIJING, Nov. 19 (Xinhua) — China’s consumer price index (CPI), the main gauge of inflation, will rise 3.8 percent in the fourth quarter, the State Information Center (SIC) forecast Friday. In a report in China Securities Journal, the SIC, a National Development and Reform Commission (NDRC) think tank, said the whole-year CPI is likely to [...]
China announces to raise banks’ reserve requirement ratio by 50 basis points
BEIJING, Nov. 19 (Xinhua) — China’s central bank Friday ordered banks to set aside an additional 0.5 percent of their deposits from Nov. 29, the fifth such hike this year and the second increase this month. The People’s Bank of China said the move was aimed at “enhancing liquidity management and moderately regulating credit supply.” [...]
Chinese president leaves Japan for home after APEC meeting
YOKOHAMA, Japan, Nov. 14 (Xinhua) — Chinese President Hu Jintao left Yokohama, Japan, on Sunday for home after attending the 18th Economic Leaders’ Meeting of the Asia-Pacific Economic Cooperation (APEC). With the theme of “Change and Action,” this year’s Economic Leaders’ Meeting discussed the issues of regional economic integration, a growth strategy for the Asia-Pacific [...]
Chinese, French presidents vow to boost bilateral ties
Chinese President Hu Jintao (R front) shakes hands with French President Nicolas Sarkozy (L front) in Paris, France, Nov. 4, 2010. Hu Jintao held talks with Nicolas Sarkozy in Paris on Thursday. (Xinhua/Lan Hongguang) PARIS, Nov. 4 (Xinhua) — Chinese President Hu Jintao and his French counterpart Nicolas Sarkozy on Thursday vowed to boost the [...]
Irish central bank head expects Ireland to take EU/IMF loan
DUBLIN, NOV. 18 (Xinhua) — Irish Central Bank Governor Patrick Honohan on Thursday said he expected the Irish government would have to accept a financial bail-out, as EU and IMF negotiators arrived here for talks. In an interview with Irish state broadcaster RTE, Honohan said he expected the Irish government to accept a loan of [...]
Chinese shares close slightly higher Monday as banks rebound
BEIJING, Nov. 15 (Xinhua) — Chinese shares closed slightly higher Monday from an almost 15-month low the previous trading day, as banks rebounded. The benchmark Shanghai Composite Index was up 0.97 percent, or 28.98 points, to close at 3,014.41. The Shenzhen Component Index rose 0.64 percent, or 81.55 points, to end at 12,808.09. Combined turnover [...]
China completes laying of tracks for world’s longest high-speed rail line
Graphic shows China’s Beijing-Shanghai high speed railway line completed track laying on Nov. 15, 2010. (Xinhua/Zhang Liyun) BEIJING, Nov. 15 (Xinhua) — The laying of tracks for the high-speed railway connecting Beijing and Shanghai, China’s two most important cities, was completed Monday morning, in the latest milestone in the construction of the world’s longest high-speed [...]