China on Tuesday pledged to help private companies invest abroad while guiding and regulating their investment activities. The country will strengthen macro guidance on private companies' overseas investment and help them invest in a step-by-step and focused manner, according to a statement jointly issued by 13 central government departments, including the Ministry of Commerce and [...]
The eurozone crisis is taking a toll on emerging economies as their currencies record their biggest falls against the dollar since 1998, but the yuan is well placed to appreciate, analysts said. "The recent weakness of the yuan and other currencies of emerging economies was not due to depreciation," said Cao Yuanzheng, chief economist at [...]
CHINA'S tap water is still not safe to drink despite the adoption, on Sunday, of stricter standards concerning drinking water quality, according to a Tsinghua University professor. Tap water which is tested as qualified in the plants might be polluted during the delivery process, and the nation hasn't appointed any authorities to supervise the implementation [...]
(Beijing) – The central bank injected a large amount of liquidity into banks through open market operations on July 3, as inflation eases and calls for looser monetary policies mount. The bank released 38 billion yuan and 105 billion yuan through seven-day and 14-day reverse repurchase agreements, at interest rates of 3.95 percent and 4.1 [...]
(Beijing) – China will properly handle the complaint over export controls on rare earth minerals filed with the World Trade Organization (WTO) by the United States, European Union and Japan, the Ministry of Commerce (MOC) said on June 29. On June 27, the three countries asked the WTO to set up an expert panel to [...]
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