The yuan is set to rise against a weak United States dollar and on China’s expected early recovery in its economic growth, a central bank adviser said in remarks published yesterday.
The US Federal Reserve’s announcement last week that it would buy US$300 billion in Treasury bonds in the next six months is aimed at shoring [...]
HONG Kong’s inflation accelerated in January as the Lunar New Year holiday prompted extra spending.
Consumer prices rose 3.1 percent from a year earlier, the government said yesterday on its Website, after gaining 2.1 percent in December. That was more than the 2.4 percent median estimate of 12 economists in a Bloomberg News survey.
Inflation has cooled [...]
Economists said China may loosen its monetary policy further to free up money to overcome the economic slowdown, and an expert at global banking giant HSBC called for unconventional measures.
Qu Hongbin, HSBC’s chief economist in China, said such measures are needed during this unconventional period. He said the government should roll out more proactive fiscal [...]
China may see its worst episode of deflation in 10 years in 2009, with CPI inflation likely to contract by more than 1% in February and PPI to decline to minus 7% by the third quarter, said Deutsche Bank.
Ma Jun, the bank’s chief economist for Greater China, said at a media briefing here that sources [...]
 China’s foreign exchange reserves rose US$417.8 billion in 2008, but it was US$44.1 billion less than the increase in 2007, the People’s Bank of China, the central bank, announced yesterday.
This is the first time China has seen a decline in the growth of its forex reserves since 1998. The forex reserves increased nearly US$45 billion [...]
Profits at China’s centrally administered state-owned enterprises were expected to fall 30 percent in 2008 from a year earlier, the first annual decline since 2002, figures from the state assets watchdog indicated yesterday.
Profits in the 142 SOE giants should total 700 billion yuan (US$103 billion) for last year, Huang Shuhe, deputy director of the State-owned [...]
