Saturday, June 29, 2013
China's central bank said Friday it would “adjust” tight liquidity after a weeks-long squeeze that has rattled financial markets concerned over the impact on the world's second-largest economy, which is already slowing.
Wednesday, June 26, 2013
Chinese credit rating company Dagong launched a new venture with Russian and U.S. partners on Tuesday to challenge the dominance of the major rating agencies that were blamed for contributing to the global financial crisis.
Tuesday, June 25, 2013
More signs of distress in China's economy and rising U.S. bond yields caused a big drop in U.S. stocks on Monday.
Chinese shares slumped 5.30 percent on Monday as authorities refused to pump fresh money into the financial markets despite a growing cash crunch that is squeezing banks, dealers said.
Saturday, June 22, 2013
Russian oil giant Rosneft and Chinese state firm CNPC on Friday signed a US$270 billion deal to supply China with oil over 25 years, an agreement hailed by Russian President Vladimir Putin as “unprecedented.”
A squeeze on credit in China that is rattling world markets appeared to ease slightly as a key interbank interest rate edged lower, prompting speculation the country's central bank may have intervened to calm ravaged nerves.
Friday, June 21, 2013
China's manufacturing activity shrank again in June, HSBC said Thursday, hitting a nine-month low and adding to concerns about the strength of the world's second biggest economy.
Thursday, June 20, 2013
Chinese conglomerate Wanda Group announced Wednesday it will invest nearly US$1.6 billion to acquire British yacht maker Sunseeker and build London's tallest residential towers.
Wednesday, June 19, 2013
Chinese telecoms giant Huawei will launch a new smartphone on Tuesday to better compete with high-end rivals like Apple and Samsung overseas, a company official said.1 Comment
Saturday, June 8, 2013
China's economy will become twice as big as that of the United States and larger than both the U.S. and the EU combined within just 17 years, according to one of China's leading economists.