PBOC drains $45.3b of liquidity from money market in March
2011-04-01 09:31:12
During its last open market operation for March on Thursday, the People's Bank of China (PBOC) took 297 billion yuan ($45.3 billion) of liquidity out from China's banking system, the first monthly net tightening since September 2010.
Baidu to shut e-commerce platform
2011-04-01 09:26:43
Baidu Inc, China's largest search engine, will shut its online e-commerce store, Youa, and migrate its users to other platforms, it said on Thursday.
Nations discuss monetary reform
2011-04-01 09:15:17
The reform of the international monetary system (IMS) is a necessary requirement to promote the world's trade and capital flow, but it will be a long and complicated process, said China's Vice-Premier Wang Qishan on Thursday.
Buildings fall with blast demolition
2011-03-31 16:48:06
Directional blasts demolish two buildings in Ningbo's downtown area at 5: 30 am on March 31, in Zhejiang province. The 11-storey and 21-storey buildings were demolished for the construction of Ningbo's subway line 1.
Ningxia to hike minimum pay by 25%
2011-03-31 15:18:43
Northwest China's Ningxia Hui autonomous region Thursday announced it will increase its minimum wages, currently the lowest in the country, by 24.9 percent on average starting April.
Currency stabilization becomes key topic
2011-03-31 14:10:20
Stabilization of major currencies need to be addressed prior to broadening the role of the Special Drawing Right (SDR), Nobel laureate Robert Mundell told China Daily on Thursday.
Exports to China essential for US economy
2011-03-31 13:52:55
China was one of the fastest growing markets for US manufactured and agricultural goods produced across the nation, according to a report released by the US-China Business Council (USCBC) on Wednesday.
CIC to train its focus on the emerging markets
2011-03-31 11:07:32
China Investment Corp (CIC), the country's $300 billion sovereign wealth fund, will increase its portfolio in the emerging markets this year, and has achieved a good gain from several real estate deals, a senior official said on Wednesday.
ICBC reduces local government loans
2011-03-31 11:05:25
Industrial and Commercial Bank of China (ICBC) Ltd, China's largest bank by market value, said on Wednesday that loans to local governments have been reduced and that it will continue to expand abroad by setting up four more branches.
CSRC signs MOU with Israeli counterpart
2011-03-31 11:04:33
Securities regulators of China and Israel on Tuesday signed a memorandum of understanding on supervision cooperation in securities futures, according to a statement Xinhua received from the China Securities Regulatory Commission (CSRC) on Wednesday.
China COSCO halts nuke power study
2011-03-31 10:45:27
China COSCO Holdings Co Ltd, the country's biggest shipping conglomerate by market value, said it has suspended its research into nuclear power as an alternative energy to replace fuel oil in vessels after Japan's nuclear incident.
China Telecom rings changes
2011-03-31 10:36:01
China Telecommunications Corporation (China Telecom) said on Wednesday that its mobile subscriber numbers have reached 100 million, making the company the world's biggest carrier of a CDMA (code division multiple access) network.