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As Asian economy was barreling ahead, downside risks including higher interest rates in advanced economies and a slowdown in exports were still worth keeping an eye on, said HSBC in a research paper released late Monday. Asia, more than ever, has received enormous flows from fixed income investors, desperate for yield they couldn't find in the United S...
SUIFENHE customs checkpoint, located in northeastern China's Heilongjiang province, on the Russian border, registered a strong year-on-year growth of 68.9 per cent in its trade value to US$1.84 billion in the first three quarters of this year, taking up 40.1 per cent of the provincial total. Exports valued $817 million while imports valued $1.02 billio...
China is likely to escape a natural gas shortage this winter as supplies from Central Asia will increase and as the country steps up imports from the spot market, China Energy News reported on Sunday. Hu Weiping, deputy director of Oil and Gas Deparment of the National Energy Amdinstration (NEA), told the paper that the government had asked China Nation...
BEIJING -- The reform of China's exchange rate regime for its currency, the renminbi (RMB), has to proceed with caution to avoid a "big shock" to the world economy, foreign experts said Monday. "There is a perfectly good reason for China to sustain the appreciation of the RMB not making a big shock," Martin Wolf, chief economics commentator at the Fina...
BEIJING - Nearly three-quarters of Chinese entrepreneurs considered the rising costs of labor and raw materials as their biggest challenge both at present and in the future, according to a survey among more than 4,000 managers. The survey, conducted by China Entrepreneurs Survey System (CESS), found that 72.5 percent of the Chinese entrepreneurs chose "...
MACAO - A senior central bank official called on Saturday for reducing reliance on international reserve currencies in trade settlements, citing risks posed by their instability. "We should enhance cooperation and reduce dependence on international reserve currencies," Jin Zhongxia, deputy director-general of the international department at the People'...
YOKOHAMA, Japan / BEIJING - Pacific rim economies pledged on Sunday to turn their dream of a vast free trade area into reality, while President Hu Jintao warned regional leaders global economic recovery was far from certain amid rising protectionism. The 21-member Asia- Pacific Economic Cooperation (APEC) group vowed to maintain the region as an engine ...
BEIJING - New-energy-related industries will be the main contributor to growth in copper consumption during the next five years, according to the International Copper Association. Meanwhile, low-carbon-related businesses, including solar and wind power generation equipment as well as electric vehicles and batteries, will contribute at least 20 percent o...
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