China and Russia on Saturday agreed to a United Nations Security Council resolution authorizing 30 unarmed military observers to travel to Syria to monitor efforts to bring violence under control in Syria. Both nations vetoed previous proposals to heavily involve the UN in Syria because, they said, the proposed actions had been one-sided, and...
By Nick Edwards BEIJING (Reuters) – China’s weekend reform of its currency regime nails shut the coffin on the last remains of doubt about whether the world’s second biggest economy has successfully steered a course past a hard economic landing. Investors were questioning whether the worst sequential slowdown in China’s economy since the 2008-09...
The yuan can move as much as 1 percent against the dollar from a so-called daily fixing rate, after the central bank on April 14 announced the first widening of the band since 2007. Photographer: Nelson Ching/Bloomberg China’s doubling of the yuan trading band signals official confidence in the strength of the economy’s expansion...
BEIJING, April 15 (Xinhua) — The mainland China-based Young Men’s Christian Association (YMCA) and the Young Women’s Christian Association (YWCA) held their first national congress in Beijing on Sunday. This is the first convention for the two associations since 1949, when the People’s Republic of China was established. The first national council and chairman...
On 16 April, the 41st London book fair, one of the world’s most important publishing trade fairs, opens. This year, its “market focus” is on China, with 21 Chinese writers in attendance, selected by the British Council and approved by the Chinese government. Missing from the invitation list will be some well known exile...
SHANGHAI — Mercedes driver Nico Rosberg won the Chinese Grand Prix on Sunday for his first career Formula One victory after starting from pole position. Rosberg won by an impressive 20.6 seconds over McLaren’s Jenson Button after making just two pits stops and managing to hold off the rest of the field on worn...
Beijing has given indications that it is willing to loosen its grip slightly on the yuan China has loosened its currency controls in a move that may spur gains in the value of the yuan. From Monday, the yuan can fluctuate up to 1% in trading against the US dollar, up from the previous...
