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  • Global markets tumble as China raises rate 8 Jan 2010 01:58 GMT
    ... point – but the People's Bank of China's decision to boost a key interest rate ... cent this year. “You've still got the Chinese growth story,” said HSBC Securities (Canada) economist Stewart ... pace since July, 2008, and Chinese Premier Wen Jiabao has expressed concern about the rapid increase. ...

  • China's rate increase a turning point in Asian economy 8 Jan 2010 02:43 GMT
    ... point – but the People's Bank of China's decision to boost a key interest rate ... cent this year. “You've still got the Chinese growth story,” said HSBC Securities (Canada) economist Stewart ... pace since July, 2008, and Chinese Premier Wen Jiabao has expressed concern about the rapid increase. ...

  • The world in 2020: China, the U.S., the global South, and the planet 6 Jan 2010 00:24 GMT
    ... life can be discerned: the rise of China; the (relative) decline of the United States; ... on the issue of global warming without Beijing's assent. Its growing prominence was also evident ... and Copenhagen. In neither case did the Chinese side seek a “harmonious” outcome. In Beijing, ...

  • Canada a beacon in a troubled world 2 Jan 2010 09:31 GMT
    ... The timing of China's entry as a global power at the ... was remarkable. The simple yet powerful message Chinese premier Wen Jiabao delivered was Beijing will nix any international agreement harmful to ...

  • O Canada! Just What an Investor Needs 7 Jan 2010 13:07 GMT
    ... where we summarized our bullish stance on Canada and our related thesis for our largest ... somewhat comparable to Chile’s and Norway’s. Importantly, China continues to actively seek investments in companies ... While the US turned down the 2005 Chinese bid for Unocal, the Canadian government has its ...

  • Chinese Manufacturing Grows by Most Since April 2004 (Update3) 4 Jan 2010 06:41 GMT
    ... in sixth paragraph.) Jan. 4 (Bloomberg) -- Chinese manufacturing expanded by the most in five years ... economy could overheat this year. Liu Mingkang, China’s top banking regulator, said today that while ... the Ministry of Commerce said today. Premier Wen Jiabao said Dec. 27 that China will “absolutely ...

  • China buys into Canadian tar sands exploitation project 5 Jan 2010 23:27 GMT
    ... OTTAWA, Jan. 5 (UPI) -- Canada and China have signed a deal that will see ... oil is the decisive factor in the Chinese acquisition policy. The deal gives PetroChina 60 percent ...

  • China kills an Englishman 30 Dec 2009 18:04 GMT
    ... With the execution of a British subject China is revealing its fist. Reports say this ... states. The key moment came in Copenhagen: Hu Jintao set the table for the new century ... so as not to upset their new Chinese friends and patrons. It makes sense. We ...

  • China replaces Saudi Arabia in Caribbean oil storage deal 7 Jan 2010 21:40 GMT
    ... KINGSTON, Jamaica, Jan. 7 (UPI) -- China has taken over from Saudi Arabia the ... storage facility in the Caribbean that gives Beijing unprecedented access to fuel and oil markets ... Petroleum Corp., was the second oil-related regional Chinese deal to emerge within a week. Earlier ...

  • China buys into Canadian tar sands project 7 Jan 2010 06:31 GMT
    ... China buys into Canadian tar sands project disclaimer: ... disclaimer: image is for illustration purposes only Canada and China have signed a deal that ... oil is the decisive factor in the Chinese acquisition policy. The deal gives PetroChina 60 percent ...

  • Chinese buyers boost Canadian mining stocks 30 Dec 2009 10:56 GMT
    ... HOME > REGIONS > CANADA Canadian mining stocks jumped yesterday after Corriene ... Ecuador, agreed to be taken over by Chinese suitors in their country's latest bid for an ... Nonferrous Metals Group Holdings Co Ltd and China Railway Construction Corp Ltd ( ), announced ...

  • 'Chinese Warren Buffett' flees to China 7 Jan 2010 20:32 GMT
    ... A self-proclaimed 'Chinese Warren Buffett' who is wanted in Canada for running a pyramid scheme that bilked ... ($A31.53 million) from investors, has fled to China, he has told a local newspaper. Tang ...

  • INTERVIEW - BMO Capital Markets eyes China, India growth 3 Jan 2010 16:41 GMT
    ... is looking to ramp up staffing in China and India, betting its mining and energy ... bank has four offices in China, in Beijing, Guangzhou, Shanghai and Hong Kong. It has ... player, advising on six acquisition deals by Chinese companies. It kicked off its presence acting ...

  • Canada to Promote Mining Projects in China in Jan 2010 31 Dec 2009 15:40 GMT
    ... Canada to Promote Mining Projects in China in Jan 2010 NEW BRUNSWICK, Dec 31, ... COMTEX) -- Canada will come to seek Chinese investors for not less than 20 projects in ...

  • China's Three Telecom Operators Publish 3G Results 7 Jan 2010 23:59 GMT
    ... China's three major telecom operators China Mobile, China ... included in the TD-SCDMA network coverage. The Chinese telecom operator said it had invested about ... 2009, China Telecom Jiangsu and China Telecom Beijing started to release 3G mobile phone numbers ...


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"For Africa to further take off, it is very important to build up the infrastructure so that African countries can conduct intra-regional trade on a massive scale."
— Chinese Foreign Minister Yang Jiechi

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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8279
EUR 1 = CNY 9.8230

Hong Kong Dollar:
USD 1 = HKD 7.7556
EUR 1 = HKD 11.1576

Macau Pataca:
USD 1 = MOP 7.9883
EUR 1 = MOP 11.4924

Taiwan Dollar:
USD 1 = TWD 31.8700
EUR 1 = TWD 45.8498

USD 1 = EUR 0.6951
EUR 1 = USD 1.4386

Closing Stocks:
Shanghai A: 3,348.66(-1.89%)
Shenzhen A: 1,238.94(-1.93%)
Hang Seng: 22,264.82(-0.68%)
Taiwan Taiex: 8,237.42(-1.08%)

Country Info About China

Visit the World Factbook for detailed information about China.
 

This Day in History

Jan. 8

Chou En-Lai, long-time Chinese Communist leader, died at 78.
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04 January 2010
29 December 2009

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