China's Cabinet promised Wednesday to step up efforts to reverse a steep slowdown in the world's second-largest economy and said it would encourage private investment in energy and other state-dominated industries. Chinese leaders have gradually eased controls imposed over the past two years to cool an overheated economy and inflation. But some analysts warn [...]
Yuan traders are reconsidering a widely-held assumption that the currency would appreciate 2-3 percent this year as an unexpected worsening of global economic conditions and a slowdown in China drives investors toward safer havens. A debt crisis in the euro zone has of late developed into a political problem as well, with risk aversion [...]
A European envoy held out a possible compromise in a fight with China over carbon emissions charges on airlines, saying Wednesday that Europe might alter its system if Beijing helps negotiate global regulations. China, India, the United States and Russia oppose the European Union charges that took effect Jan. 1. Beijing has barred its [...]
China is rolling out sweeping brokerage reforms to nurture future global investment banks that officials hope could eventually compete with the likes of Goldman Sachs and Morgan Stanley, a regulatory document showed. The China Securities Regulatory Commission wants to allow domestic brokerages, which now get most of their money from trading stocks and underwriting [...]
Iranian President Mahmoud Ahmadinejad will visit China in June for a security summit and discuss his country's disputed nuclear programme with Chinese President Hu Jintao, a senior diplomat said on Wednesday, criticising new sanctions aimed at Iran. Ahmadinejad will be attending the Shanghai Cooperation Organisation (SCO) meeting hosted by Beijing in June, China's Vice [...]
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