Although the global financial crisis has not directly impacted upon domestic and overseas lenders in China, they are raising their liquidity, capital adequacy, and provisions for bad or doubtful loans.
Tags: bank, central-bank, exports, Financial, loan
China will take comprehensive measures next year to ensure a stable textile export growth, the Ministry of Commerce (MOFCOM) said on Sunday.
Since the country’s textile export faces complex situation amid a world economy slowdown and financial turmoil, the country should try to provide its textile industry with a sound external trade environment, said a senior [...]
China’s yuan headed for its smallest monthly gain in more than a year on speculation the government will aim to keep the currency trading within a narrow range to support exports and combat an economic slowdown.
The yuan’s exchange rate is not the cause of the U.S. trade deficit, Chinese Foreign Ministry Spokeswoman Jiang Yu said [...]
China fended off U.S. presidential candidate Barack Obama’s criticisms of its currency policies and trade surplus, while stressing that it wants to work with whoever wins the White House. Democratic contender Obama said in a letter released on Wednesday that China’s yawning trade surplus with the United States is “directly related to its manipulation of [...]
The turmoil in global financial market has drugged the world’s economy down. The changes of external economic environment has affect China’s two-way trade. Gao Hucheng (thereafter referred to as Gao), vice commerce minister, accepted an interview on Oct. 28, during which he talked freely on latest development of China’s foreign trade.
A 25.2 percent year-on-year increase [...]
The weaker external demand and tighter credit control at home have slowed the growth in Shanghai’s trade by 3.6 percentage points from a year ago to 20.5 percent in the first three quarters, the Shanghai Statistics Bureau said yesterday.
The city’s exports expanded 23 percent to 127.9 billion U.S. dollars through last month, a fall of [...]
