Category: China
China central bank to mop up FX flows with open market ops
China will use open market operations, including purchase agreements and central bank bills, to mop up excess liquidity stemming from forex inflows, Yi Gang, deputy governor [...]
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China’s Wen leaves divided legacy
For the last decade Premier Wen Jiabao has been a constant presence in every Chinese home as state broadcasters beamed images of him treading the global stage, comforting [...]
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China criticises Android’s dominance
A Chinese government research institute hit out at Google Inc.’s GOOG +2.08 percent Android smartphone operating system, arguing that China is too reliant on the [...]
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China minister: 4G Telco licenses to be issued this year – report
China will likely issue licenses for fourth-generation wireless technology this year, the China Securities Journal reported Wednesday, citing minister of Industry and [...]
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China hikes defence budget, to spend more on internal security
China unveiled another double-digit rise in military expenditure on Tuesday, but for a third year in a row the defence budget will be exceeded by spending on domestic [...]
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China parliament targets growth, graft, well-being
China Tuesday targeted 2013 economic growth of 7.5 percent and vowed to tackle corruption and improve the quality of life as an annual parliamentary session to seal its [...]
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China eyes 2013 economic growth of 7.5pct: Premier Wen
China said it would boost fiscal spending in 2013 in a bid to deliver economic growth of 7.5 percent for the year, outgoing Premier Wen Jiabao said on Tuesday in remarks [...]
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China to surpass US as top luxury car market: study
China will overtake the United States as the world’s biggest luxury car market as early as 2016, as rising incomes and desire for status boost premium auto brands, a [...]
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Wen Jiabao opens China National People’s Congress
China’s Premier Wen Jiabao promised stable growth, anti-corruption efforts and better welfare provision as he opened an annual session of parliament. Wen, whose work [...]
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China NDRC: Target 18pct growth in fixed asset investment in 2013
China’s economic planning agency Tuesday said it aims for fixed-asset investment growth of 18 percent this year, an acceleration from last year’s target, [...]
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China’s premier admits failings, but defends image
Prime minister Wen Jiabao of China, well known for baring his emotions in public, has displayed a blend of defeatism and defensiveness as he winds down his decade in office. [...]
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Despite news on China, Dow closes on a high
Investors brushed off early anxiety about a potential slowdown in China and pushed the Dow to its highest close of the year. The Dow Jones industrial average rose 38.16 [...]
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China moves to temper growth
China set a growth target of around 7.5 percent for this year as it kicked off a meeting to finalise its leadership transition, reflecting how Beijing is turning away from [...]
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China bankers earn less than New York peers as pay drops
Investment bankers in China can say goodbye to big pay packages. Compensation for managing directors at global financial firms in China, including Morgan Stanley, JPMorgan [...]
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China February HSBC services PMI falls from four-month highs
China’s services sector cooled in February after new business receded from eight-month highs, a private survey showed on Tuesday, in line with slower factory activity [...]
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