By Chris Buckley BEIJING | Mon Feb 6, 2012 5:59am EST BEIJING (Reuters) – China on Monday barred its airlines from joining an EU scheme that could charge for carbon emissions from flights in and out of Europe, escalating a global trade row over the taxing of foreign carriers. The hardening of the dispute,...
Feb. 6 (Bloomberg) — China’s swap rate rose the most in one month on speculation the central bank will resume bill sales this week, draining funds from the financial system. The central bank asked banks to submit orders for one-year, three-month, 91- and 28-day repurchase contracts this morning, according to two traders at primary...
‘China does not accept these accusations,’ Foreign Ministry spokesman Liu Weimin said of the international criticism. ‘We believe China’s relevant position is in the fundamental interests of Syria and its people. Our goal is to let the Syrian people be free of warfare, rather than complicating the issue,’ he said. A commentary in People’s...
China’s economic expansion would be cut almost in half if Europe’s debt crisis worsens, a scenario that would warrant “significant” fiscal stimulus from the nation’s government, the International Monetary Fund said. Based on the IMF’s “downside” forecast for the global economy, China’s growth could drop by as much as 4 percentage points from the...
By Chen Aizhu BEIJING, Feb 6 (Reuters) – China will halve its crude oil imports from Iran in March compared to average monthly purchases a year ago, as a dispute over payments and prices stretches into a third month, oil industry sources involved in the deals said on Monday. China is the top buyer...
Shoppers look at boots at a department store in Shanghai during the Lunar New Year holiday period. Photographer: Qilai Shen/Bloomberg Shoppers browse sweaters in Shanghai during the Lunar New Year holiday period. Photographer: Qilai Shen/Bloomberg Shoppers look at gold jewelry and ornaments at a gold and silver shop in Shanghai during the Lunar New...
By Louis Charbonneau and Patrick Worsnip UNITED NATIONS | Sat Feb 4, 2012 6:19pm EST UNITED NATIONS (Reuters) – Russia and China vetoed on Saturday a U.N. resolution that backed an Arab plan calling on Syrian President Bashar al-Assad to quit, stalling global efforts to end his bloody crackdown on unrest after hundreds were...
The South-North Water Diversion Project is one of the country’s largest infrastructure projects since the building of the Three Gorges Dam, which involved the relocation of more than one million people. Sun Yifu, deputy water resources chief in the eastern province of Shandong — who is also involved in the programme — said his...
By Terril Yue Jones BEIJING | Sun Feb 5, 2012 10:32pm GMT BEIJING (Reuters) – Four floors up overlooking the bustle of the cavernous Joy City Mall in Beijing, diners take a break from shopping to slurp noodles and nibble on dumplings at an Ajisen restaurant. It’s an increasingly common sight: Chinese consumers turning...
BEIJING, Feb 5 (Reuters) – China’s Central Huijin Investment Co, the state parent of the country’s “Big Four” state banks, said it would cut the dividend payout ratio for three lenders to help relieve their capital strains. Huijin will cut the ratio for Industrial and Commercial Bank of China, Bank of China and China...
