China will maintain a basically stable yuan at a reasonable and balanced level, Chinese Premier Wen Jiabao said in a reiteration of the country's long-standing description of its exchange rate policy.
Chinese iron ore miner Lung Ming, partly owned by private equity firm Hopu and Singapore's state investor Temasek, plans to list shares in Hong Kong this year to raise up to $1 billion, sources with direct knowledge of the plan said.
The row over four Rio Tinto Ltd staff detained in China accused of spying has exposed Australia to Chinese wrath just when a Mandarin-speaking leader in Canberra had appeared to have wooed the country over.
Australia's trade minister said on Monday that Australia wants more details on the detained employees of miner Rio Tinto from China quickly, but said the case would not hurt economic relations if handled properly.
Australia's trade minister said on Monday China's detention of Rio Tinto employees would not hurt economic relations if handled properly, but said the case was a signal to everyone looking to invest in China.
Ethnic rioting in China's far western region of Xinjiang was well planned and co-ordinated to take place at more than 50 locations across the regional capital Urumqi, the official People's Daily reported Sunday.
China's online shopping rose by 18.9% over the first six months despite traditional retailing's struggle to keep their customers amid the economic downturn, state news agency Xinhua reported on Friday.
Australasian Resources Ltd (Australasian) has terminated its project agreement with China's 4th largest steelmaker, Shougang Corporation (Shougang), Australasian said on Thursday, adding that it has begun talks with other interested parties.
A group of 52 British school children and their teachers have been quarantined in Beijing after four pupils were admitted to hospital infected with the H1N1 flu virus, Britain's Foreign Office said Saturday.
Chinese police shot dead 12 Uighur rioters in Xinjiang this month, regional governor Nuer Baikeli said on Saturday, in a rare government admission of deaths inflicted by security forces.
The United States is ready to hold talks with North Korea if the conditions are right but will also press U.N. sanctions to punish Pyongyang for its nuclear and missile tests, a senior envoy for Asia said on Saturday.
The Argentine government's right of veto on any decision relating to the future of Spanish oil major Repsol's unit YPF is likely to outweigh any desire Repsol might have to free up some cash by disposing of its stake.
China, whose confidential economic data was published by media before the official announcement, would investigate the leak, National Bureau of Statistics (NBS) spokesman Li Xiaochao said on Thursday at a briefing.
Chinese officials said the people responsible for the outbreak of unrest in Urumqi (Xinjiang) on 5 July had been identified and arrest warrants will be issued soon so that the violent elements can be severely punished, the Beijing News reported on Friday.
China's mainland and Hong Kong are transferring key personnel of its central bank, State Administration of Foreign Exchanges(SAFE) and Hong Kong Money Athority (HKMA), an effort to promote the cross-border yuan trade and accelerate the process of yuan's internationalization.
U.S. administration officials Commerce Secretary Gary Locke and Energy Secretary Steven Chu concluded a four-day trip to China.
Rechargeable batteries could become the core technology for the auto industry if pure electric cars enter the mainstream -- a prospect that has carmakers racing to team up with battery makers.
China's foreign exchange reserves are surging again, which, according to the report of People's Daily Online, helps the Obama administration drag its economy out of a recession by holding a record-high US debt by the end of May.
A nascent housing market rebound and a rally in shares could trigger a new round of cash raising by Chinese developers, eager to replenish coffers to meet rising demand, spurred by Beijing's economic stimulus measures.
Nissan Motor Co., the third largest automaker in Japan, seeks to develop its own hybrid technolgy for small and midsize cars. New solar electricity generation may double in 2010, according to a specialist.
Germany has a preference for Canadian auto parts group Magna's bid for General Motors unit Opel, but the process of selecting a suitor is still open, a government spokesman said on Friday.
China Pacific Insurance, part owned by the Carlyle Group, confirmed on Friday it would relaunch a Hong Kong initial public offering which would be the world's third-largest IPO so far this year.
