Wednesday, March 19, 2014
China's commerce ministry spokesman said on Tuesday that people should not hype the recent downward movement in the value of the Renminbi, or the yuan, against the U.S. dollar.
Foreign direct investment (FDI) into China increased 10.4 percent year on year in the first two months of 2014, the government said Tuesday, while the country's outbound investment slumped.
Tuesday, March 18, 2014
China's yuan weakened against the dollar on Monday after the central bank doubled the trading band for the currency, which the United States has long insisted is undervalued.
Monday, March 17, 2014
Chinese e-commerce giant Alibaba Group said Sunday that it will go public on a U.S. stock exchange in a move analysts say might raise up to US$15 billion in the year's biggest initial public offering.
Sunday, March 16, 2014
Weibo Corp., the Chinese microblogging service often compared with Twitter, filed Friday for a U.S. stock offering seeking to raise US$500 million.
China announced on Saturday a modest easing of exchange rate controls that have been criticized by Washington and other trading partners, adding to a flurry of reform initiatives aimed at making its slowing economy more efficient.
Friday, March 14, 2014
China's industrial production rose at its slowest pace in five years and other key indicators showed surprising weakness, data showed Thursday, raising alarm bells over the world's second-largest economy as Premier Li Keqiang outlined “serious challenges” ahead.
Chinese Premier Li Keqiang signaled on Thursday that Beijing was willing to accept some debt defaults in the world's second-largest economy as it struggles to clean up its multi-trillion-dollar “shadow banking” sector.
Japanese electronics giant Panasonic said Thursday it would give employees sent to China a wage premium to account for the country's hazardous air pollution, in a possible first for an international company.
Wednesday, March 12, 2014
Companies including Internet giants Alibaba and Tencent have been picked to set up China's first five privately owned banks, the industry's chief regulator said Tuesday.