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China faces high risks in holding a large amount of US Treasury bonds and should be cautious about further purchases, said economists home and abroad. "China has to consider the safety of the huge amount of the US Treasuries it owns, it will do good to the nation if China could reduce it," said Yu Yongding, a former adviser to the Chinese central bank, du...
China will probably post a trade deficit in March after reporting a surprise deficit in February, as its efforts to stimulate imports take off, Commerce Minister Chen Deming said on Sunday. Economists also said the country's shrinking trade surplus and rising imports will help tighten capital liquidity, curb inflation and reduce pressures on yuan apprec...
China will strive to establish a long-term mechanism to boost domestic consumer demand in the next five years, Zhang Ping, minister of the National Development and Reform Commission (NDRC), said on Sunday. Measures to spur domestic consumer demand include boosting employment, promoting the urbanization process, readjusting income distribution system, impr...
The traditional definition of sovereign risk needs to be broadened in order to better understand and address the current financial challenges, concluded an International Monetary Fund (IMF) high-level conference in Washington on Friday. Sovereign risk, broadly, the probability that a country may not pay its debts, "has been shown to be too narrow by the g...
A total of 32 percent of Hong Kong's total exports to the Chinese mainland in 2010 were for outward processing, said the city's Census and Statistics Department on Friday. In value terms, 519.1 billion HK dollars (66.55 billion U.S. dollars) of exports to the mainland were for outward processing, representing an increase of 22 percent over 2009. A tot...
Malaysia's largest sushi restaurant chain -- Sushi Kin announced on Friday that it has temporarily stopped importing raw food from Japan for fear over possible radioactive contamination. The company's CEO Fumihiko Konishi said the company wanted to make sure that its customers consume safe food. Sushi Kin imports 23 percent of their raw food from Japa...
The trade deficit of the 17-member eurozone widened to 14.8 billion euros (20.5 billion U.S. dollars) in January, the European Union's statistics office Eurostat said Friday. The bloc saw a trade deficit of 0.5 billion euros (0.69 billion U.S. dollars) in December. Year on year, eurozone exports rose 27 percent, while imports increased 29 percent in Ja...
China's Minister of Commerce Chen Deming said here on Sunday that China hopes countries with large trade deficit with it could loose export control. Addressing the 12th China Development Forum held in Beijing from March 19 to 21, Chen said that China is willing to improve the trade structure through negotiations with countries which have large deficit wi...
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