Economics & Trade

Government misused US$1.1bn: Auditor

China's Auditor-General Li Jinhua announced that 38 central government departments misused almost US$1

China, ASEAN to lower duties

China and the Association of Southeast Asia Nations are to lower tariffs on traded industrial goods on

Is the Dragon invincible?

Fire or hot air?

Interest rates to stay relatively low

China will keep interest rates "relatively low" in order to increase consumer spending and help reduce

Manulife casts wide China net

Manulife Financial, the global life insurer, will invest about US$25.15bn to expands its presence in t

China rejects EU shoe probe

China vigorously opposes an EU anti-dumping investigation into its shoe exports, state media reported

Greenpan: No on anti-China tariffs

US Fed Chairman Alan Greenspan and Treasury Secretary John Snow on Thursday warned Congress against im

Cisco raising Mainland output

Cisco Systems, the world's biggest maker of computer networking equipment, will increase its productio

China-US textile row to WTO

China wants the textile talks with the US to be resolved through bilateral negotiations but cannot rul

China's industrial profits up 15.8%

Chinese industry roared along during the first five months of the year, earning profits of US$59.9bn,

China to limit more textile exports

In a move aimed at easing trade tensions with the US and smoothing the way for talks, China has issued

Troubling signs for Macau economy

Macau is experiencing an economic slowdown, the South China Morning Post reported, quoting statistics

Textile exports to EU rebound

Many mainland textile firms report improved business since China and the EU resolved their textile dis

Growing income gap

Income gap in the Mainland widened in the first quarter of the year, with 10% of the nation's richest

Airbus sells big to Chinese airlines

Airbus SAS is in talks to sell an undisclosed number of its biggest aircraft, A380s, to three Chinese

China's might prompts free trade queries

China's meteoric rise as a force in the global economy is prompting a rethinking of the long-held assu

EU still faces China trade woes

The EU and China will face further trade tensions unless European businesses respond swiftly to China'

China to set quota on textile exports

China will soon unveil a quota system on textile exports to European markets in accordance with the re

Intel sets up global HQs in China

Intel will establish the global headquarters of its channel product group in China, state media report

China steps up forex efforts

China is intensifying its studies on adopting a more flexible foreign exchange system to handle the "u

Rolls-Royce to supply Air China

Rolls-Royce Group Plc, the world's second-largest maker of aircraft engines, won a US$800m contract to

Guangdong trade volume up

Guangdong province, China's leading foreign trader, increased its import and export volume 16% year-on

CPI rises 2%

China's inflation rate remained at a 19-month low as May's consumer price index rose 1.8% from a year

China's trade surplus doubles

China posted a higher-than-expected US$9bn trade surplus in May, nearly doubling its trade surplus in

EU, China resolve textile row

The EU and China averted a textile trade war by striking a deal that would limit the growth in exports

China's FDI down

Foreign direct investment in China decreased a slight 0.79% in the first five months of this year, att

Chinese shoes may face EU import duties

While fighting the rising tide of Chinese textile imports, the EU warned this week it could impose imp

Chinese shoe imports up

The European Union Commission said yesterday shipments of Chinese shoes into Europe jumped nearly eigh

China's M&A to grow: PwC

China's merger and acquisition activity will continue to grow this year, fueled largely by the recent

Foreign debt up 2%

Due to rapid economic growth and the expected appreciation of the yuan, the Mainland's foreign debt to


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