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Share Trade with US to rise as strain eases
2017-4-14 13:02
Trump statement that Beijing does not manipulate its currency boosts ties China is willing to push forward the development of more balanced economic and trade ties with the United States, the Foreign Ministry said on Thursday in response to US President Donald Trump's decision to not label China as a currency manipulator. "We have no intention to stimulate exports by devaluing the currency, and there is no basis for a continuous devaluation of the renminbi," ministry spokesman Lu Kang said ...
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Share China's consumer inflation steady amid firming economy
2017-4-13 14:18
BEIJING - China's consumer inflation grew mildly in March, as stable prices reinforced the view that the world's second largest economy is firming up. The Consumer Price Index (CPI), a main gauge of inflation, grew 0.9 percent year on year in March, the National Bureau of Statistics (NBS) announced Wednesday. The growth rate, almost on par with market expectations, quickened from an increase of 0.8 percent in February. On a monthly basis, the CPI declined 0.3 percent. The NBS attributed the ...
410 views|0 comments
Share Incoming HK chief 's election 'deserved'
2017-4-12 13:12
President says Lam matches Beijing's 'longtime standard' for leader of SAR Beijing will not waiver in the principle of "one country, two systems" in Hong Kong and will fully support the newly appointed chief executive of the Hong Kong Special Administrative Region and her government to govern according to law, President Xi Jinping said on Tuesday. Xi made the remark when meeting Lam Cheng Yuet-ngor-who will take office as the fifth-term chief executive of the SAR on July 1-at the Zhongn ...
426 views|0 comments
Share Xi invigorates partnership with Finland
2017-4-6 11:15
Innovative Nordic nation seen as key economic ally China and Finland signed a number of documents on Wednesday to boost cooperation in such areas as innovation, panda research and judicial communication during President Xi Jinping's state visit to the Nordic country. After the talks between Xi and his Finnish counterpart Sauli Niinisto, the two presidents announced they would build a future-oriented, new-type cooperative partnership. The two leaders also agreed to strengthen political tr ...
2269 views|2 comments Popularity 3
Share Bank of China's overseas arms boost profit
2017-4-1 15:38
Bank of China, the country's fourth largest lender by assets, has reported an after-tax profit of 184.1 billion ($26.7 billion) yuan for 2016, up slightly from the previous year. In a statement released on Friday, bank chairman Tian Guoli said that the bank will continue to maintain its leading status in the process of globalization as the country's most internationalized bank. Bank president Chen Siqing, said at a press briefing in Beijing on Friday, that the bank will step up its financing ...
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Share BOC's overseas lending outgrows domestic loans
2017-4-1 13:51
Bank to up foreign branches' profit contribution from 30% to 40% Bank of China Ltd's overseas corporate loan growth surpassed domestic corporate loan growth in 2016 for the first time, signaling a new stage of internationalization, according to senior executives of the bank. Huang Danggui, general manager of BOC's corporate banking department, said at a media briefing on Tuesday that overseas corporate loan growth benefited from a solid branch layout and a sound client base in 51 countrie ...
374 views|0 comments
Share IMF data report for the first time includes RMB
2017-4-1 09:00
For the first time the International Monetary Fund Friday separately identified holdings in the Chinese currency – the renminbi (RMB) or yuan - in its quarterly data on the currency composition of official foreign exchange reserves for the quarter ended December 2016. COFER is a database managed by the IMF's Statistics Department, containing end-of-period quarterly data of reporting countries or jurisdictions. With the separate identification of reserves in RMB, eight currencies are now disti ...
227 views|0 comments
Share China's March inflation forecast at 0.8%
2017-3-31 14:37
BEIJING - China's consumer price index (CPI) is expected to grow by about 0.8 percent in March from the same month of 2016, the Bank of Communications said Thursday. The official CPI in March, a main gauge of inflation, is due to be released by the National Bureau of Statistics (NBS) on April 12. A drop in vegetable, egg and poultry product prices may drag down the March CPI, as food prices account for nearly one-third of the prices used, according to the bank's report. The growth of food pr ...
274 views|0 comments
Share UPS adds six new stations to key Euro-China container transport
2017-3-30 15:14
United States logistics delivery giant UPS announced on Tuesday that it would add six more stations to its multimodal container rail service between Europe and China, saying it was responding to rising demand for goods deliveries along the route and that railway freight services had proved more cost efficient than other solutions. UPS said it made the decision as Chinese small and medium-sized enterprises pushed to sell their products globally and the Chinese manufacturing industry continued i ...
313 views|0 comments
Share Road starts here - New Zealand to catch the 'Belt and Road' train
2017-3-29 14:30
WELLINGTON — To many in New Zealand, the Oceanian state looks like an isolated outpost with economic powerhouses far, far away in another hemisphere. It's at the end of a trail that snakes through Southeast Asia before a three-hour flight from Australia lands you in one of its handful of international airports. Small wonder that the China-proposed Belt and Road Initiative, a massive economic and trade project for common development and prosperity in countries along its routes in Europe, Afri ...
330 views|0 comments Popularity 1
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    • Trade with US to rise as strain eases 2017-4-15 06:24

      President Trump has backed down in his statements because he was wisely oriented to it, after all it does not pay to enter into a stalemate with China, but China has a very favorable currency environment with the stability of the RMB, proportionally devalued against the dollar.
      Soon the Chinese economy will not be as dependent on exports as it is today, so its currency may be more valued, meanwhile China is dictating currency rules around the world, and the United States can do little about it for a variety of reasons, Among them the huge American debt to the Chinese.

    • Xi invigorates partnership with Finland 2017-4-13 15:21

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