China’s trade surplus increased to $11.4 billion in April after posting an unusual trade deficit for the first quarter of 2011, which is likely to give U.S. officials more leverage as they try to pressure the world’s second largest economy to allow its currency to appreciate at a faster pace. Officials from the United States [...]
The Yuan strengthened for the seventh week in a row, breaking through the 6.5 per dollar level for the first time since 1993, prompting speculation that the central bank will let it appreciate in order to ease inflation which is now growing at its fastest rate in two years. China’s currency policy was expected to [...]
Discussion about human rights is a recurring issue between the United States and China, but activists charge that little has come of any dialogue in the past and are pushing for the U.S. to “give teeth” in the new talks that started in Beijing on Wednesday. The U.S. is likely to pressure the Chinese government [...]
Beijing, in an effort to reduce China’s exposure to U.S. government debt, will provide between $100 and $200 billion to the Chinese sovereign investment fund China Investment Corp. (CIC). One person familiar with the issue said “there has been bureaucratic bickering for a year. It has been difficult to resolve.” CIC had $110 bn available [...]
Finalization of an agreement between China and Thailand to jointly develop a standard gauge rail line between Nong Khai and Bangkok are on hold until after mid-year elections. Nong Khai is in the northeast of Thailand and is known as the gateway to Laos. The upcoming mid-term elections are the reason agreement on rail project [...]
The United State Treasury’s monthly Treasury International Capital report shows that while China reduced its net holdings of U.S Treasuries by $600 million to $1.154 trillion in February it is still the biggest foreign holder. Japan was the second biggest holder of U.S Treasuries in February and remains a net buyer, increasing its holdings to [...]
Consumer price inflation (CPI) in China increased to 5.4% for the year ending in March, higher than the 5.2% expected by economists and the fastest increase since July, 2008. Meanwhile the world’s second largest economy saw the growth of its gross domestic product (GDP) ease slightly, increasing 9.7 percent in the first three months of [...]
Data from the General Administration of Customs (GAC) shows that China posted a trade deficit of $1.02 billion for the first three months of the year, the country’s first trade deficit in seven years. China, now the fastest growing economy in the world, is working towards re-balancing its economy and boosting domestic demand. At [...]
Xie Yong won the award for “Coldest Beauty” at the naked ski party held at the Tianchi International Ski Resort in Urumqi, Xinjiang, in the western province of China. Yong, one of hundreds of brave participants at the annual fancy dress (and undress) skiing party, wore only a snowflake for her costume. Zhang Romin, [...]
Another controversy surrounds China as three of its children have been confirmed dead and 35 other people are sick because of allegedly drinking milk which is tainted with nitrite in the northwestern part of Gansu. This was affirmed by the Xinhua news agency. The affected children are said to be under 14 and are currently [...]
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