China may refrain from stepping up its monetary stimulus or increasing spending because measures now in place are sufficient to support growth, the International Monetary Fund’s top official in the nation said. Authorities will probably maintain the “status quo” after already shifting their monetary stance to a “more neutral or accommodating one” and may...
BEIJING (Reuters) – China’s economic growth will likely pick up in the second half of 2012 as a raft of policies rolled out to boost economic activity gain traction, the Ministry of Industry and Information Technology said on Wednesday. However, the ministry warned the world’s No 2 economy still faces severe challenges at home...
BEIJING (Reuters) – China will abide by the outcome of an ongoing World Trade Organisation (WTO) investigation into its policies for the rare earths sector, but will continue to tighten regulation of the industry, an industry ministry spokesman said on Wednesday. The WTO confirmed on Monday that it would establish a panel to look...
By Lucy Hornby BEIJING (Reuters) – China’s economy is set for a soft landing even as global headwinds increase, the International Monetary Fund said in a report on Wednesday that urged further reform and currency appreciation to rebalance growth and reduce risks. The report said economic reforms so far had substantially reduced external imbalances,...
By Lucy Hornby BEIJING (Reuters) – The International Monetary Fund said the Chinese yuan was only “moderately undervalued” against a basket of currencies in an annual assessment released on Wednesday, suggesting a lessening of international pressure on Beijing over its foreign exchange and trade policies. The IMF’s new stance on the yuan’s value –...
As Mr. Donilon met with Hu Jintao, China’s president, in the imposing Fujian Room of the Great Hall of the People on Tuesday, Mitt Romney was accusing President Obama of being soft on Beijing. For its part, the Obama campaign argues that Mr. Romney supported outsourcing jobs to other countries while running Bain Capital....
By Ian Ransom LONDON (Reuters) – China’s table-topping gold medal haul at the Beijing Olympics cemented its claim as a sporting superpower but the red-clad army of 396 athletes march into London with little swagger as they renew their battle for supremacy with the United States. China swelled with pride as their 51 titles...
China’s sovereign wealth fund said it will invest with a longer-term focus after it posted a 4.3 percent loss on its overseas holdings last year because of declines in global commodity prices. Net income at the $482.2 billion fund, with a resources- heavy portfolio, fell to $48.4 billion in the year ended Dec. 31,...
By Lee Chyen Yee and Melanie Lee HONG KONG/SHANGHAI (Reuters) – Apple Inc’s disappointing China sales suggest that its customers will not always wait for the next iPhone when rivals such as Samsung have plenty of flashy new models available now, analysts and resellers said on Wednesday. China is Apple’s second-largest market, and its...
By Chris Oliver, MarketWatch As wages for physical laborers, such as these stone cutters in southeastern China, rise sharply, margins are coming under pressure for Chinese firms and their foreign customers. This, along with foreign-exchange movements and new environmental policies, is impacting China’s trade with the world. HONG KONG (MarketWatch) — There was a...
