China

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China Handed a Rosy Forecast By World Bank

China Handed a Rosy Forecast By World Bank

While acknowledging the impediments posed by burgeoning inflation, the World Bank in its quarterly estimate of Chinese economic conditions raised its growth forecast of the giant Asian economy from previous 9 per cent to a 9.5 per cent.

Do not Push China on Currency, says UK Foreign Secretary

Do not Push China on Currency, says UK Foreign Secretary

The Chinese state radio on Tuesday reported that U. K. Foreign Secretary David Miliband has warned not to pressurize China regarding the issue of currency exchange rates. This was stated two days after Premier Wen Jiabao said that external pressure on the currency was obstructing Beijing currency improvements.

Google Likely to Close its Site in China

Google Likely to Close its Site in China

The probability of Google closing its China site Google. cn, in view of the rising hacking and censorship in the country, are now high, the analysts at Analysys International have expressed the fear of a heavy loss in terms of technological advantages.

Google Certain to Shut Down China Search Engine

China Search Engine

On Saturday, the Financial Times reported that the world’s leading search engine, Google is now “99.9%” sure to shut its Chinese search engine after a long battle with China over censorship.

Google has decided to remain silent on this issue and refused to give any details on discussion with the Chinese Government.

China’s Central Bank Cites that Stronger Yuan Won’t Back U.S. Trade

China’s Central Bank Cites that Stronger Yuan Won’t Back U.S. Trade

China's central bank cited that a stronger yuan won't help curb the imbalance in trade between China and the U. S. after President Barack Obama repeatedly called for the Asian nation to move to a "market-oriented exchange rate."

China Hits Big on the Exports Front One More Time

China Hits Big on the Exports Front One More Time

China is rejoicing yet again, with official figures revealing that the country's exports managed to climb by 46% during the month of February. Not only has this been a good news for China, but the whole world, as the rise signifies a strong recovery in global trade after the deep slump which had been a result of the global financial crisis.

US Closely Looking at China Internet Censorship Case

China Internet Censorship Case

Reports have revealed that the United States is closely studying whether it can legally challenge the restrictions that China imposes in terms of Internet that recently ended up hurting Google and various other US companies operating across the country. On Tuesday, however, a top US trade official stressed that better result would be yielded if direct talks are carried out with Beijing.

China Southern on a high in Hong Kong on $1.6 Billion Share Sale

China Southern on a high in Hong Kong on $1.6 Billion Share Sale

China Southern Airlines Co., the nation's biggest carrier, reported a rise to the biggest levels since June 2008 in Hong Kong trading following the announcement of plans to sell at least 10.75 billion Yuan ($1.6 billion) of new shares to pare debts.

China's Heaving Auto Sales Continue in February

China's Heaving Auto Sales Continue in February

On Tuesday, an industry group reported that in February, auto sales in China accelerated 55% compared to last year's sales.

Unaltered Dollar-Yuan Rate of Central Parity, Both Currencies Leveled

Unaltered Dollar-Yuan Rate of Central Parity, Both Currencies Leveled

Following the unaltered central rate of parity for Dollar and Yaun China's currency leveled up to U. S. Dollar this afternoon. At around 0930 GMT, the Dollar was at CNY6.8263 for the over-the-counter market and was slightly low than it was on Monday. It operated between CNY6.8262 and CNY6.8267.

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