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The central parity rate of the yuan, China's currency Renminbi (RMB), rose to a fresh high Tuesday, breaking the previous record set on Monday, according to the data released by the China Foreign Exchange Trading System. The yuan's central parity jumped 131 basis points, or 0.19 percent, to the highest level of 6.7378 per U.S. dollar Tuesday from 6.75...
Chinese investors operating in Zambia's Copperbelt and Botswana's diamond sector are expected to attend this week's mining conference in Harare, Deputy Mines Minister Gift Chimanikire said on Monday. The Zimbabwean government extended an invitation to the investors during President Robert Mugabe's visit to Shanghai, China last month and an agreement...
Construction began on the China section of the Sino-Myanmar oil and gas pipeline Friday morning in An'ning City in southwest China's Yunnan Province. CNPC, China's largest oil firm and parent company of PetroChina (PTR.NYSE; 00857.HK; 601857.SH), will build and operate the pipeline whose construction is due to finish in 2013. The Sino-Myanmar oil...
European Union (EU) trade ministers agreed Friday to launch free-trade negotiations with Malaysia. The decision was made at a regular meeting of the ministers in Brussels. The EU hopes the final agreement could open business opportunities worth billions of euros for both sides. The EU is Malaysia's fourth largest trading partner, while Malaysia is ...
European Union (EU) member states on Friday postponed a decision on whether to sign a free trade deal with South Korea due to the reservations of Italy. "At this point it is clear it is not possible to definitely and absolutely confirm that an agreement is possible," Belgium Foreign Minister Steven Vanackere told reporters after chairing a meeting with ...
The Economic Cooperation Framework Agreement (ECFA) the Chinese mainland and Taiwan signed in June took effect Sunday, after the two sides completed the relevant procedures, marking a new era for economic ties across the Taiwan Strait. The ECFA aims to establish a systematic mechanism for enhancing cross-Strait economic cooperation. Under the agreem...
Economic "rebalancing", shifting from export-driven growth to one led by domestic consumption, offers one of the best ways for China to ease trade friction with the US, the World Bank president told China Daily on Sunday. Regarding possible trade disputes between China and the US, World Bank President Robert Zoellick urged both sides to tread carefully ...
China's trade surplus narrowed to 20.03 billion U.S. dollars in August from July's 28.73 billion dollars because the growth of imports accelerated as a result of strong domestic demand. China's exports grew 34.4 percent in August from one year earlier, slowing from July's 38.1-percent surge, while imports rose 35.2 percent year on year, sharply up f...
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