It's economics, not politics

2011-05-13 09:23:48

China and the United States must make the most of their economic relations and guard against politicizing economic issues, Vice-Premier Wang Qishan said on Tuesday and Wednesday in his meetings with 20 US lawmakers and Ben Bernanke.

CIC plans new-capital mechanism revamp

2011-05-13 09:17:52

China Investment Corp (CIC), the country's $300 billion sovereign wealth fund (SWF), is considering setting up a mechanism for continued new capital, as the country accumulates foreign exchange reserves, said a senior executive on Thursday.

Beijing-Shanghai high-speed rail test runs

2011-05-12 16:46:29

The Beijing-Shanghai high-speed rail line began a one-month trial operation on Wednesday, according to the Ministry of Railways.

Chinese carmakers predict sales rebound

2011-05-13 09:46:11

Auto sales in China may continue to grow slowly this year through the second quarter before rising in the second half, said Wang Dazong, president of Beijing Automotive Industry Holding Co.

Flood risks may delay inland nuclear project

2011-05-12 16:36:46

Construction of China's first inland nuclear power station might be postponed for further evaluation of flood risks as Japan's nuclear crisis has prompted calls for greater precautions, experts say.

Renren shares trade below offer price

2011-05-12 16:21:15

Shares of social China's networking site Renren have now fallen below its initial offering price of 14 US dollars, reversing all the gains it made in its market debut.

Toyota to resume production in China in June

2011-05-12 10:05:05

Toyota will resume operations in China in June, two months earlier than expected, Toyota Motor (China) Investment Co announced Wednesday.

China's Jiayuan.com falls on Nasdaq debut

2011-05-12 09:53:48

Jiayuan.com, China's biggest dating website, fell on its first day of trading at the Nasdaq stock exchange.

HK's RMB development no risk to mainland

2011-05-12 09:47:06

Renminbi business development in Hong Kong, with relatively limited renminbi deposits, will not pose risks to financial stability on the mainland, said K. C. Chan, secretary for financial services and the treasury of the city government on Wednesday.

New yuan lending 'still very high'

2011-05-12 09:00:26

China's new yuan lending in April stood at 739.6 billion yuan ($113.8 billion), 8.8 percent higher than that in March, despite frequent moves to mop up liquidity and curb inflation, according to data released by the central bank on Wednesday.

Bad debt risks in overseas trade

2011-05-12 09:35:59

Chinese enterprises should adopt stringent measures to safeguard against bad debts, as the proportion of non-performing assets is rising among companies involved in overseas trading, experts said on Wednesday.