Another Chinese interest rate increase in the first quarter is likely, a central bank adviser said on Wednesday, but a vice governor cautioned against raising rates too steeply for fear of luring in hot money.
State-owned Bank of China Ltd has offered yuan trading to its U.S. customers, a sign that Beijing this year may increasingly promote the use of the Chinese currency in major financial centers.
Indian budget carrier IndiGo is considering all options including an initial public offering to finance a $15.6 billion plane order with Airbus, but has made no decision yet, the firm's president said on Wednesday.
Hong Kong beat rivals Singapore and Australia to be rated the world’s freest economy for a straight seventeenth consecutive year, according to a ranking by US-based Heritage Foundation.
Android phones and other mobile devices are more vulnerable to hackers than Apple iPhones due to Google's open-source policy in apps development, according to the chief of a security firm.
State-owned Bank of China Ltd has offered yuan trading to U.S. customers, a sign that Beijing this year may increasingly promote the use of the Chinese currency in major financial centers.
China's central bank bill and government bond yields edged lower on Wednesday as easing concerns over another monetary tightening step in the coming weeks along with ample liquidity kept sentiment cautiously optimistic, traders said.
Hong Kong was rated the world's freest economy for a 17th straight year in a ranking by the U.S.-based Heritage Foundation, above rivals Singapore and Australia for the title.
China would welcome assurances its financial assets in the United States are safe, a senior diplomat said on Wednesday, ahead of President Hu Jintao's visit next week, but played down rifts between the two powers.
China shares broad common interests and goals with the U.S. on Korean peninsula issues, a senior Chinese diplomat said on Wednesday, ahead of Chinese President Hu Jintao's visit to the United States.
Europe's debt crisis does not alter the long-term strategic position of the euro in the global monetary system, an adviser to the Chinese central bank said on Wednesday.
China's giant pandas need not only bamboo, but also ancient forests to thrive in the wild, a study in western China has found.
China would welcome assurance about the security of its financial assets in the United States, a senior diplomat said on Wednesday ahead of President Hu Jintao's visit next week, while playing down rifts between the two powers.
China has caused alarm around the region and in Washington because of its ambitious military modernization program, especially with this week's announcement of a test flight of a stealth fighter.
China would welcome assurance about the security of its financial assets in the United States, a senior diplomat said on Wednesday ahead of President Hu Jintao's visit next week, while playing down rifts between the two powers.
It would be reasonable for China to raise interest rates in the first quarter because price pressure tends to be high for seasonal reasons during the opening months of the year, a central bank adviser said on Wednesday.
Aluminium output in China, the world's top producer, may be trimmed further this month as smelters in southwest Guizhou province face power cuts to offset soaring energy demand linked to freezing weather, industry sources said on Wednesday.
U.S. Defense Secretary Robert Gates played down the possibility of a rift between China's civilian leadership and its military.
Volvo Car expects China to become its biggest market as early as next year and its second home market after Sweden as the Chinese-owned automaker looks for sales to grow more than six times by 2015, a top company executive said.
American International Group Inc
accepted a $2.16 billion offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex Group, marking the beginning of the end of a over year-long process fraught with delays and political wrangling.Even before it launches the first passenger cars under its own brand at home, China's BAIC has set its sights on expansion overseas.
China told the United States on Wednesday that its first test-flight of a stealth fighter jet should not be seen as a threat, reiterating that it had no intention of challenging U.S. military might in the Pacific.
