Category: Economics & Trade

An economist for the People's Bank of China monetary policy advisory committee has urged greater movement in the yuan's exchange rate. Yu Yongding, also a senior economist at the Chinese Academy of Sciences, said such enforced stability sent local companies the wrong message. "We should allow a bigger band and more flexibility," he told the […]

The chief economist of the People's Bank of China is optimistic about prospects over the next two years, Reuters reported. "Inflation has slowed and investment growth has also slowed. The economy has entered a reasonable range. Growth around 9 percent is reasonable," said Tang Xu, the central bank's director-general of the research bureau, adding that […]

The United States has reported progress in talks with China on limiting Chinese clothing and textiles imports to the US, reported AP. The negotiations produced "substantial progress on a large number of issues," said David Spooner, the White House textile negotiator. With President George W Bush's visit to China later this month, both sides are […]

China expects to announce 9.5% GDP growth for the second half of 2005, but predicts a slower 8.5% to 9% rise in 2006, state media reported. Investment bank CLSA agrees, noting that its own Purchasing Managers' Index for China fell to 50.1 in October from 50.9 in September, the lowest in the year and a […]