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China's currency yuan could make up more than 3 percent of global foreign exchange reserves by 2020, an official suggested on Wednesday. The yuan is not convertible for purely financial purposes, ruling it out as a reserve currency for now, but China has started to carve out a bigger international role for its money. A pilot scheme will start soon in H...
China's migrant citizens will receive free contraceptives and related services at places of their current residence, according to a new family planning regulation for migrant population. The new regulation which will take effect on October 1 stipulates that migrants can enjoy services related to family planning, award and preferential treatment which cov...
Chinese Premier Wen Jiabao on Wednesday dismissed groundless views that China and the United States - or the so-called Group of Two (G2) - will monopolize world affairs in the future. Some say that world affairs will be managed solely by China and the United States. I think that view is baseless and wrong, Wen told reporters at the end of a China-EU summi...
China Tuesday agreed to lend $10 billion to Brazil's state-owned oil giant in exchange for guaranteed oil supply from the South American country over the next decade. Brazil's Petrobras and Sinopec, China's largest refiner, agreed that the former will supply 150,000 barrels of crude oil a day to China this year and 200,000 barrels per day for nine year...
Premier Wen Jiabao is attending the 11th China-EU Summit in Prague, the Czech Republic, the Foreign Ministry said Tuesday. The summit starts Wednesday. China's top leaders' attendance at the summit shows China's sincerity and interest in pushing forward relations with the EU, ministry spokesman Ma Zhaoxu told a news briefing. He said China hopes th...
Changes to the Postal Law aims to speed up China's mail service, which can see letters to villagers in remote parts of the country take as long as a month to arrive. One of the reasons why letters have taken so long to turn up is the fact that more than 4,000 townships do not even have a post office - meaning villagers must go to neighboring townships to...
Civil societies in China and Europe must effectively use their influence in jointly combating financial crisis and other global challenges, said participants at forum held here Tuesday. The European Union (EU) and China can now play much bigger roles in terms of countering any economic and social crises, said Mario Sepi, president of the European Economic...
China is booming right across its regions, says Trade Minister Simon Crean Wednesday. Talking with local media, Crean says a booming China makes optimistic growth forecasts for the Australian economy realistic. Treasury forecasts, contained in the May 12 federal budget, predict the Australian economy will grow by 4.5 percent from 2012. China's strong...
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