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China Economy News. Service for global professionals. Constantly updated news and information about China.
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  • In Tokyo, Obama cites China's role in global economy 15 Nov 2009 07:05 GMT
    ... ...

  • Obama begins China visit with full agenda 15 Nov 2009 19:31 GMT
    ... Barack Obama kicks off his visit to China with a town-hall meeting Monday in Shanghai, ... in Shanghai, a rare chance for the Chinese people — university students in the audience ... hall meeting, he is to fly to Beijing, where he has dinners, meetings and tours ...

  • Obama pressed to make religious stand in Beijing 15 Nov 2009 13:33 GMT
    ... Obama pressed to make a stand in Beijing for religious freedom Barack Obama joins his Chinese counterpart, Hu Jintao, for photos at the ... Singapore. US PRESIDENT Barack Obama arrived in China overnight under pressure to lobby Beijing to ...

  • Exports boost Europe economy 15 Nov 2009 05:11 GMT
    ... economist By Simone Meier Gross domestic product (GDP) in the economy of the 16 nations using the euro ... economy is also gathering steam, led by China, where the manufacturing industry expanded at the fastest ...

  • In China, Obama will glimpse world's new center of gravity 15 Nov 2009 00:12 GMT
    ... President Barack Obama lands Sunday night in China's largest city, Shanghai, he'll find many of ... headquarters. He'll also be watched by educated Chinese increasingly confident about their prospects if they ... before moving on to the capital of Beijing, many Shanghainese see the global balance of ...

  • Currency Reform at Top of Obama's Agenda During China Visit 15 Nov 2009 15:32 GMT
    ... Reform at Top of Obama’s Agenda During China Visit Against the backdrop of a tentative ... Barack Obama will meet China’s leaders in Beijing this week to discuss how to improve ... the renminbi or yuan, is undervalued, giving Chinese exporters an unfair advantage. Beijing worries that ...

  • U.S. President Barack Obama arrives in China 15 Nov 2009 16:44 GMT
    ... Airport in Shanghai November 15, 2009. The Chinese characters read: "China Eastern Airlines". SHANGHAI -- U.S. President Barack ... people on Monday, before heading on to Beijing. Obama had no meetings or events scheduled ...

  • Obama embraces challenge posed by emerging China 15 Nov 2009 09:34 GMT
    ... U.S. would seek to increase cooperation with China, and also warned of the "limits" of relying ... said. Obama's trip takes him to Tokyo, Beijing, Shanghai and Seoul as well as to the ...

  • Radiance eyeing new marts in S-E Asia, China 15 Nov 2009 19:14 GMT
    ... into new destinations in Southeast Asia and China. Radiance, which manages hotel brands like Radius International, ... operates three hotels in China located in Shanghai and Jiangxi. The group's portfolio, which covers ... and is expecting better performance, as the economy improves and it adds more hotels to ...

  • China has now become the biggest risk to the world economy 15 Nov 2009 19:11 GMT
    ... China has now become the biggest risk to the world economy Far from taking over as the engine ... 6.83 to the dollar to boost exports, Beijing is dumping its unemployment abroad – "stealing American ...

  • Obama unlikely to push China hard on currency 15 Nov 2009 18:53 GMT
    ... China signal it may let currency rise could ... trading against other currencies Thursday as the Chinese government appeared to signal that it may ... more foreign products. In his visit to Beijing this week, President Barack Obama is expected ...

  • China: Low US interest rates threaten recovery 15 Nov 2009 13:32 GMT
    ... China: Low US interest rates threaten recovery Dollar ... trading against other currencies Thursday as the Chinese government appeared to signal that it may ... in China. Speaking at a conference in Beijing, Liu said the declining U.S. dollar and ...

  • China-U.S. spar over currencies ahead of Obama visit 15 Nov 2009 09:11 GMT
    ... China-U.S. spar over currencies ahead of Obama visit ... An APEC delegation official said Washington and Beijing could not agree on the wording. That ... by Washington to slap duties on various Chinese-made products and a growing drumbeat of pressure ...

  • China-U.S. discord on currencies clouds Obama visit 15 Nov 2009 11:36 GMT
    ... SINGAPORE (Reuters) - The United States and China sparred over exchange rates at a meeting ... An APEC delegation official said Washington and Beijing could not agree on the wording. That ... by Washington to slap duties on various Chinese-made products and a growing drumbeat of pressure ...

  • Obama Walks a Delicate Tightrope on His 1st Trip as President to China 15 Nov 2009 04:31 GMT
    ... on His 1st Trip as President to China Published: Saturday, November 14, 2009 at 5:14 ... Obama and China’s leaders will meet in Beijing next week to discuss how to improve ... China’s currency, the renminbi, is undervalued, giving Chinese exporters an unfair advantage. Beijing worries that ...


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Quote of the Day

"He is a black president and he understands the slavery abolition movement and Lincoln's major significance for that movement. Lincoln played an incomparable role in protecting the national unity and territorial integrity of the United States."
— Qin Gang, China's foreign ministry spokesperson

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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8263
EUR 1 = CNY 10.1730

Hong Kong Dollar:
USD 1 = HKD 7.7502
EUR 1 = HKD 11.5499

Macau Pataca:
USD 1 = MOP 7.9786
EUR 1 = MOP 11.8903

Taiwan Dollar:
USD 1 = TWD 32.1990
EUR 1 = TWD 47.9852

USD 1 = EUR 0.6710
EUR 1 = USD 1.4903

Closing Stocks:
Shanghai A: 3,343.23(0.42%)
Shenzhen A: 1,209.29(0.87%)
Hang Seng: 22,553.63(0.70%)
Taiwan Taiex: 7,665.63(-0.07%)

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