BEIJING (Reuters) – China must maintain a reasonable investment growth to spur the world’s second-largest economy and stand up to the headwinds from global economic uncertainties, Premier Wen Jiabao said in remarks published on the government’s website on Tuesday. Wen made the comments in meetings with economists in banks and businesses to discuss current...
PHNOM PENH — Senior Southeast Asian officials are pursuing a long-term solution to competing claims for the South China Sea this week. Analysts say the effort marks a key step if countries in the 10-member Association of Southeast Asian Nations want to resolve the territorial impasse in the near future. However, many roadblocks remain....
BEIJING (Xinhua) — China will slash the benchmark retail price for gasoline by 420 yuan (66.46 U.S. dollars) per tonne and the price for diesel by 400 yuan per tonne starting from Wednesday, the country’s top economic planner announced Tuesday. The decreases, equivalent to 0.31 yuan per liter and 0.34 yuan per liter, respectively,...
By Kevin Yao BEIJING (Reuters) – China’s June trade data on Tuesday stoked anxiety about the strength of domestic demand in the world’s second biggest economy as imports rose at only half the pace expected, signaling a need for Beijing to do more to bolster growth. Officials singled out the debt crisis in the...
By Jason Subler SHANGHAI (Reuters) – Wang Zhenghua employs a simple philosophy for surviving as a private airline in China’s state-dominated aviation sector. “You have to take it a bit slowly, rather than being too aggressive and making enemies everywhere,” says Wang, founder and chairman of Shanghai-based Spring Airlines, of the approach that has...
China’s consumer price index (CPI), a main gauge of inflation, is expected to rise as high as 6.2 percent, a three-year new high, in June. The inflation is driven by high raising food prices and living expenses. (Image credit: Getty Images via @daylife) China’s consumer inflation eased significantly to 2.2% in June from 3.0%...
