The panic from Russia's beleaguered currency has not yet reached the Chinese foreign exchange market, but economists are warning about a chain reaction from economic turmoil in the nation's large neighbor.
Crazy was the word Yu Wenting used to describe the past few days in Moscow as she hurried to department stores and supermarkets to purchase goods ranging from milk powder to luxury watches and jewelry on request from her friends and relatives in China.
Already poised to become the world's biggest buyer of new planes, China also wants to build a graveyard for old aircraft.
Investors are exiting commodities at the fastest pace in six years, betting a slump in prices is not over as corn, oil and gold drop close to the cost of production.
China's foreign exchange regulator said on Thursday that the country will further promote liberalization of its capital market and gradually achieve convertibility of the renminbi under the capital account.
The government is reported to have cleared the import of a type of genetically modified corn at the center of lawsuits against the Swiss seed developer Syngenta AG, a year after blocking the crop's entry.
Dark days seem to be ahead for coal producers in China, with slower economic growth and weak downstream demand set to drag sales in 2015, notwithstanding the government decision to slash export tariffs, industry sources said on Thursday.
There are clearer signs of stabilization in the property market since the central bank's interest rate cut last month, with apartment prices in fewer Chinese cities declining in November, figures released by the National Bureau of Statistics on Thursday showed.
Most Hong Kong service provide rs can expect to receive the same treatment as companies from the Chinese mainland when they start businesses in Guangdong province, according to a new agreement under the framework of the Mainland and Hong Kong Closer Economic Partnership Arrangement signed on Thursday.
Domestic solar panel producers are looking to emerging markets to offset mounting difficulty in the United States, where they fear they may be entirely squeezed out by a new ruling on dumping duties.
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Raymond Zhou
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Chen Weihua
