China Charity Federation, a leading charity organization in the country, raised about 4.64 billion yuan ($679.4 million) worth of donations in goods and money last year. President of the organization Fan Baojun said Tuesday the donations included 4.26 billion yuan worth of goods and 375 million yuan. Fan said some of the donations were used to upgrade t...
The volume of Hong Kong's goods exports in November 2009 rose by 1.4 percent year-on-year, while import volume rose 7.4 percent, local statistical authorities said Tuesday. The prices of goods exports rose 0.5 percent. The prices of re-exports rose 0.7 percent, while those of domestic exports fell 1.2 percent, according to the Census and Statistic...
The $453 billion increase in China's foreign exchange reserves last year partly reflected currency valuation effects and was not solely due to inflows of "hot money", the State Administration of Foreign Exchange (SAFE) said yesterday. The foreign exchange regulator also refuted media reports that there could have been hot money inflows of nearly $167 bil...
China Financial Futures Exchange (CFFEX) yesterday announced revised trading rules for stock index futures, which investors are expected to begin trading in April. The revision raises the minimum trading margin for index futures from 10 percent to 12 percent and reduces the single-day maximum holding of futures contracts to 100 from 600, which was previou...
The World Trade Organization (WTO) on Tuesday established an expert panel to investigate and rule whether punitive US tariffs on Chinese-made tires breach WTO regulations. The panel was established at a meeting of the WTO's Dispute Settlement Body (DSB), at which China reiterated its position that the US tariffs "run short of factual bases and breached t...
The World Trade Organization (WTO) on Tuesday established an expert panel to investigate and rule whether punitive US tariffs on Chinese-made tires breach WTO regulations. The panel was established at a meeting of the WTO's Dispute Settlement Body (DSB), at which China reiterated its position that the US tariffs "run short of factual bases and breached t...
Premier Wen Jiabao said Tuesday the acceleration of the adjustment of China's development pattern while maintaining steady and fast economic growth must run through all the government's work this year. The government should incorporate speeding up the transformation of the development mode into maintaining steady and relatively fast economic development...
China attracted a total of $48.7 billion of "hot money" in December, the largest amount in eight months, according to China International Capital Corp (CICC). The nation's foreign-exchange reserves rose $10 billion last month, the smallest increase since November 2008, according to central bank data released on Jan 15. The slower growth reflects adjustme...
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