CHINA

US Productivity Growth To Slow in 2011

The United States productivity growth will slow substantially in 2011 and could even fall below the rate in the euro area, The Conference Board reported on Monday.

Focus on US as China's Hu rejects demand for yuan's rise

Chinese President Hu Jintao, who will arrive in the U.S. on Tuesday for a state visit, rejected Washington’s demand for an appreciation of the Chinese currency, and debunked what he called was a “zero-sum Cold War mentality” while calling for broader cooperation with the U.S. on a range of issues. The focus during the three-day state visit, and beyond that, for that matter, will be on if Washington is prepared to act more sternly to make the Chinese let their currency appreciate.

China's Hu upbeat, resists U.S. pressure on yuan

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.
More news

BOC Group unit eyes $296 mln yuan-REIT spinoff -paper

Bank of China Group Investment is expected to spin off its China rental properties through a yuan-denominated REIT listing in Hong Kong, to raise more than HK$2.3 billion ($296 million), the Apple Daily reported on Monday.

Gold rebounds from sharp fall after China move

Gold rebounded slightly on Monday from a one-percent fall in the previous session, after China further tightened its monetary policy to curb inflation, and holdings in the gold-backed exchange-traded fund continued falling.

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.

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:

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.

Gold bounces higher as euro loses strength

Bullion rebounded on Friday as the euro lost strength despite better-than-forecast debt auctions by Spain and Italy, while purchases from jewellers and investors, which sent premiums for gold bars to two-year highs, offered additional support.

Pages

  • Promoted in ITunes

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.