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The director of China's National Bureau of Statistics (NBS) has defended the revision of its gross domestic product (GDP) figures for 2007, which revealed officially for the first time that China had the third largest GDP in the world. China revised the growth rate of its GDP for 2007 to 13.0 percent from 11.9 percent after the final verification by th...
Google posted Thursday its latest financial results which saw the Internet search giant's profit down more than 68 percent in the fourth quarter of 2008 compared with a year ago. Google earned 382 million U.S. dollars or 1.21 dollars per share in the last three months in 2008, compared with net income of 1.21 billion dollars or 3.79 dollars per share ...
The China Securities Regulatory Commission (CSRC) has reportedly shortlisted about 840 executives from the US financial sector to work in China. The CSRC is on a mission to the US to recruit about 1,700 such executives, mostly ethnic Chinese, threatened by the economic crisis. The commission's team is now in Chicago after interviewing 15...
The World Economic Forum (WEF) will open its annual meeting in Davos next week with an aim to address a series of global challenges, particularly the financial and economic crisis, the organization said on Wednesday. As well as looking at the immediate crisis and ways to stabilize and relaunch the global economy, the meeting program also pinpoints a n...
China should not be blamed for any matter regarding the global financial crisis, as the country has tried its best to improve the economic situation, a European diplomat said ahead of Premier Wen Jiabao's visit to Europe next week. China's efforts to stimulate its economy are going to benefit the world as well, Serge Abou, the EU ambassador to China, t...
Over 125 varieties of products have been recalled due to possible Peanut Corporation of America ( PCA) contamination and potential high risk, the U.S. Food and Drug Administration (FDA) officials said Wednesday. All these products were made with peanut paste or peanut butter made at a Georgia-based plant of PCA, which supplies peanut butter products t...
Treasury Secretary-designate Timothy Geithner apologized Wednesday for late payment of over 34, 000 dollars in income taxes earlier the decade. These were careless mistakes. They were avoidable mistakes. Geithner told the Senate Finance Committee. But they were unintentional. I should have been more careful. I have paid what I owed, Geithner said...
Gold price surged 233 HK dollars to close at 7,888 HK dollars per tael in Hong Kong on Wednesday, according to the Bank of China (Hong Kong). The price is equivalent to 854.25 U.S. dollars a troy ounce, up 25.26 U.S. dollars at Wednesday's exchange rate of one U.S. dollar against 7.751 HK dollars. Source: Xinhua ...
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