CHINA

China shares open down after bank reserve hike

China's key stock index opened down 0.7 percent on Monday, with banking and property stocks slipping, after the People's Bank of China announced a rise in lenders' required reserves for the fourth time in just over two months.

Chinese president upbeat on eve of U.S. summit

Chinese President Hu Jintao will meet U.S. President Barack Obama in Washington this week for a summit. The two leaders are expected to discuss a wide range of issues including global trade and currency valuations.
More news

Li Ning says Q4 store sales growth at 3.6 pct

Li Ning Group Ltd (2331.HK) said on Monday that same-store sales growth of its L-Ning brand products increased 3.6 percent in the fourth quarter and about 3.9 percent for the full year.

Shanghai eyes foreign firm listings, cross-border trade

Shanghai hopes to encourage foreign companies to raise capital through stock and bond issuance in Shanghai this year, Mayor Han Zheng said on Sunday, while also confirming the city plans a trial property tax during 2011.

Freezing rain, snow may derail China holiday travel

Rain, snow and ice are forecast through Friday in many parts of China and could disrupt travel plans for millions who aim to get on the road ahead of the Lunar New Year holidays, state media reported on Sunday.

China's Hu upbeat, but resists US yuan concerns

Chinese President Hu Jintao urged an end to a zero sum Cold War relationship with the United States and proposed new cooperation, but resisted U.S. arguments about why China should let its currency strengthen.
IBTimes Logo

Dampening the U.S.-China fireworks

Chinese President Hu Jintao's visit to Washington this week may be the calm after the storm when it comes to economic relations between the world's two biggest economies.

Travel Picks: Top 10 budget boutique hotels

Budget travel and staying at boutique hotels don't have to be mutually exclusive with a little research. Online boutique travel brand Mr & Mrs Smith (www.mrandmrssmith.com) selects 10 top boutique hotels around the world which won't cost the earth. All double rooms from less than $240. Reuters has not endorsed this list:
IBTimes Logo

China's Hu upbeat in interview on eve of U.S. summit

Chinese President Hu Jintao called on Sunday for an end to zero sum Cold War behavior and suggested new cooperation with the United States in areas like energy, infrastructure development, aviation and space.
IBTimes Logo

OPEC ready to act but not due to speculators: report

OPEC is ready to act to address supply shortages in the oil market but not to counter price moves caused by speculation, Secretary General Abdullah al-Badri told an Austrian newspaper. The group is monitoring the situation closely, and OPEC will intervene to stabilize the market if the market is imbalanced. OPEC will not intervene because of speculators, he told Wirtschaftsblatt in excerpts of...

China's economy grew 10.1 pct in 2010 -official

The Chinese economy grew around 10.1 percent last year, the deputy head of China's top economic planning agency told Reuters on Saturday, which amounts to the fastest pace of annual growth in three years.

China has little choice but to buy US$ -CIC exec

China should not worry about being too heavily invested in the dollar and U.S. government debt, because its dependence is not unique in a world with few alternatives, a senior official at China's sovereign fund said.

U.S.-China summit must deliver real results - Clinton

U.S.-China relations are at a critical juncture and a summit between their leaders next week must produce real action, on real issues such as trade, climate change and North Korean nuclear proliferation, U.S. Secretary of State Hillary Clinton said on Friday.

China raises bank reserves; more tightening seen

China's central bank raised lenders' required reserves on Friday for the fourth time in just over two months, stepping up the fight against inflation that it has vowed will be a top priority for the year.

U.S.-China summit must deliver real results: Clinton

U.S.-China relations are at a critical juncture and a summit between their leaders next week must produce real action, on real issues such as trade, climate change and North Korean nuclear proliferation, U.S. Secretary of State Hillary Clinton said on Friday.
IBTimes Logo

Geithner: real yuan appreciation substantial

In a sign Washington will not press China too hard for more rapid appreciation of the yuan, Treasury Secretary Timothy Geithner said on Friday the Chinese currency had already seen a substantial real rise.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.