SHANGHAI - China's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate.
BEIJING - The remote poverty-stricken northwestern Chinese region of Ningxia plans to spend 115 billion yuan ($19 billion) over the next 17 years on new and upgraded roads, state media said on Friday, the latest effort to boost investment and support a slowing economy.
BEIJING - China plans to take a giant step toward making the yuan more convertible by extending a pilot scheme allowing the currency to be traded with few restrictions to all its free trade zones, before taking the scheme nationwide later this year.
BEIJING - The planned 2017 election for Hong Kong's top official is what most people in the Chinese territory want, Chinese Vice President Li Yuanchao said on Monday, despite demonstrations by thousands last year against the way it will be conducted.
SHANGHAI - Shanghai GM, a joint venture between General Motors and China's SAIC Motor Corp , plans to spend 100 billion yuan ($16 billion) over the next five years developing new vehicles, Shanghai GM President Wang Yongqing said on Sunday.
WASHINGTON - China does not want to bend the rules in its favor to include the yuan in the IMF's basket of major reserve currencies, the No. 2 official at the International Monetary Fund said.
WASHINGTON - Britain favors the eventual inclusion of the Chinese yuan in the International Monetary Fund's SDR basket of currencies, finance minister George Osborne said on Friday, saying it was important to include emerging powers in the world system.
BEIJING/SHANGHAI - Alibaba Group Holding Ltd and its finance affiliate accelerated a drive to be a full-fledged Chinese online financial network, with the launch on Thursday of an e-commerce tracking stock index and plans for a June start of an internet bank.
SHANGHAI/HONG KONG - Chinese investors, for the first time, used the entire 10.5 billion yuan ($1.7 billion) daily quota in a cross-border program buying Hong Kong stocks, boosting turnover under the Shanghai-Hong Kong Stock Connect to a record.
BEIJING - China should establish a national housing bank to optimize use of the country's housing provident funds, which have over 3.7 trillion yuan ($597.45 billion) at their disposal, according to an article written by an official with Ministry of Housing and Urban, Rural Construction.
The yuan charge
The Obama administration is taking China head on over the yuan. As Congress comes closer to punishing Beijing for not letting the currency strengthen more rapidly, Reuters explains the factors behind the yuan's sudden gains. Document