The value of yuan contracted as the central parity rate of Renminbi, China's currency, was set at 6.6597 per U.S. dollar Tuesday, compared with Monday's 6.6623, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the inter-bank foreign exchange market within a daily limit of 0.5 perc...
Crude prices rose on Monday to near 89 U.S. dollars a barrel as cold weather in the United States and Europe raised the expectation on fuel demand. Europe and U.S. northeast suffered a lot from freezing weather. And cold fronts were set to continue and expected to hit central and eastern Asia. Expectations on more fuel demand boosted oil prices. A s...
BEIJING - An end-of-year survey of the most commonly used Chinese characters in 2010 by Internet forum Tianya had the term "price hike" at the very top. The list of items that elevated the term's usage is extensive: mung beans, which sold in May at double their price at harvest in October 2009; garlic, which rose 40 percent in the seven months to Novem...
BEIJING - Against a backdrop of a high trade surplus and protectionist measures targeting China strengthening, China is committed to "balancing" foreign trade through "stabilizing" exports and "boosting" imports over the next five years, the minister of commerce said. "There are uncertainties in global economic prospects (over the next five years), but ...
HONG KONG - Hong Kong's total exports of goods increased by 8.9 percent from a year earlier in October, said the Census and Statistics Department of the Hong Kong government on Thursday. In October 2010, the volume of Hong Kong's re-exports of goods increased by 9.0 percent over October 2009, while that of domestic exports increased by 5.7 percent. ...
The value of yuan contracted as the central parity rate of Renminbi, China's currency, was set at 6.6623 per U.S. dollar Monday, compared with Friday's 6.6593, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the inter-bank foreign exchange market within a daily limit of 0.5 perce...
In the period of China's 11th Five-Year Plan (2006-2010), Chinese companies have been striving to raise the added value of their products by making independent technological innovations. Li Wei, vice president of the sugar producer, Xiwang Group in eastern China's Shandong Province, told Xinhua that the market value of their product would rise 20 perc...
The Hyundai Group is on the verge of losing the deal to buy a major stake in Hyundai Engineering & Construction (E&C), with its creditors staying dubious on the group's financial status, the creditors said Friday. Creditors of Hyundai E&C seeking to cancel the deal with Hyundai Group cited its lack of ability to pay for a 34.88 percent stak...
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