China's forex reserves drops to lowest since 2011
The world's largest currency hoard fell to USD 3.12 trillion last month, down USD 45.7 billion from September, marking the lowest level since March 2011, according to data from the People's Bank of China.
Nov 07, 2016, 22:19 PM IST
China to invest $140 billion to relocate poor citizens to more developed areas
The funds will be used mainly to construct homes, support facilities and basic public infrastructure, with the rest going to the restoration of vacated lands, state planner National Development and Reform Commision (NDRC) said in a document.
Oct 31, 2016, 16:36 PM IST
China fixes Yuan at 6-year low against US dollar
China`s central bank set the yuan`s central parity rate weaker than 6.7 to the dollar for the first time in six years Monday, the first day of trading after it joined the IMF`s "special drawing rights" reserve currency basket.
Oct 10, 2016, 11:00 AM IST
Pakistan Stock Exchange says Shanghai bourse interested in buying stake
The Pakistan Stock Exchange Ltd has received interest from the Shanghai Stock Exchange and other foreign companies about buying a stake of up to 40 percent, its managing director said on Monday.
Oct 03, 2016, 18:09 PM IST
Chinese yuan set to be inducted into IMF currency basket
China`s yuan is poised to enter the International Monetary Fund`s elite SDR basket of currencies, raising Beijing`s banknotes to the status of global reserve asset.
Sep 30, 2016, 23:51 PM IST
China's forex reserves fall $16 billion in August
China's foreign exchange reserves fell by some $16 billion dollars in August, officials said Wednesday, as the country`s central bank sold dollars to defend its currency against capital outflows.
Sep 07, 2016, 17:33 PM IST
Chinese economy facing major challenges, warns top planner
China's economy, currently on a slowdown mode, is facing challenges in investment and trade and may have to make "arduous efforts" to attain 6.5 percent to seven percent growth target for this year, China's top economic planner warned today ahead of the G20 summit.
Aug 31, 2016, 17:56 PM IST
China's top 500 firms report first revenue decline in 15 years
Among the top 500 firms, 155 reported declines in revenues in 2015, 61 more than a year ago, with many of them representing the overcapacity-plagued coal, steel, oil and chemicals industries.
Aug 28, 2016, 14:59 PM IST
Yuan posts biggest weekly gain since April ahead of G20 talks
The yuan firmed for a fourth straight day on Friday, posting its biggest weekly gain since April as China`s state-run banks were suspected of supporting the currency before Group of 20 finance officials meet this weekend in Chengdu.
Jul 22, 2016, 16:37 PM IST
Capital flows out of China slowing: Beijing
The flood of billions of dollars out of China slowed dramatically in the second quarter, official figures showed today, despite the yuan's persistent weakness making it less attractive to hold.
Jul 21, 2016, 17:28 PM IST
China to feel Brexit effects, yuan to weaken against dollar: JP Morgan
China's central bank may have to fine-tune its foreign exchange policy as its currency would weaken following Britain's decision to leave the European Union, a senior J P Morgan economist has forecast.
Jun 29, 2016, 16:48 PM IST
China cuts yuan fix in biggest downward move since devaluation
China weakened the yuan's fixing almost one percent to a five-and-half-year low against the dollar today, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
Jun 27, 2016, 10:53 AM IST
Top China paper warns of crisis risk over debt
China must turn off the taps of credit-driven growth to avoid a financial system crisis in the face of rising bad loans and other risks, the Communist Party's official mouthpiece newspaper said on Monday
May 09, 2016, 12:41 PM IST
China's mega Silk Road project hits road blocks on yuan depreciation
The Silk Road plan initiated by Chinese President Xi Jinping involved a maze of roads including the revival of ancient Silk Road connecting China and Europe through Central Asia, Bangladesh, China, India, Myanmar (BCIM), 21st Maritime Silk Road (MSR) and the USD 46 billion China, Pakistan Economic Corridor (CEPC) through the Pakistan occupied Kashmir (PoK).
May 08, 2016, 18:54 PM IST
China lowers yuan rate by most in three months
China's central bank cut its currency exchange rate against the dollar by the largest amount in three months Thursday as the greenback strengthened on improved Chinese trade data.
Apr 14, 2016, 17:06 PM IST
Profits soar at China's big three airlines
But its net profit more than doubled last year to 3.74 billion yuan (USD 575 million), it said.
Mar 31, 2016, 14:49 PM IST
China stocks flat despite yuan weakness, property curbs
China's main stock indexes were little changed on Friday morning, pointing to flat trading for the week, as a month-long, 10 percent market rebound loses momentum.
Mar 25, 2016, 12:47 PM IST
China's yuan hits strongest level against dollar so far this year
China`s yuan currency touched 6.4856 to the dollar on Thursday, its strongest level so far in 2016.
Mar 17, 2016, 15:14 PM IST
IMF sees little room for dramatic depreciation of yuan
China's central bank has devalued the yuan by 0.51 percent to 6.56 percent against the dollar, the lowest since March 2011.
Mar 12, 2016, 15:22 PM IST
China's foreign reserves plunge half a trillion dollars
China today said its foreign reserves, the world's largest, declined by about half a trillion dollars last year which largely went to its citizens and companies
Mar 06, 2016, 22:08 PM IST
