Japan and China will start direct currency trading this week, Tokyo said Tuesday, the first time Beijing has let a major unit other than the dollar swap with the yuan.
This cronyism and profligacy leads critics to liken China to other fast-growing economies that subsequently suffered a spectacular downfall. One recent comparison is with the Asian tigers before their financial comeuppance in 1997-98. The tigers’ hig
China’s rising labor costs and a deteriorating regulatory environment are prompting almost a quarter of European Union companies to consider shifting investments to other countries, a survey showed.
Everyone has their own opinion on what will happen to the Chinese economy if Europe blows up. That ranges from a totally delusional “nothing happen” to, well…
A European envoy held out a possible compromise in a dispute with China over emissions charges on airlines.
If China Backs Its Currency with Gold, It Could Have Profound Effects for Investors … and Consumers
The evidence of a China slowdown which is somewhat worse (perhaps much worse) than what the market was expecting continues to pile up.
China can now bypass Wall Street when buying US government debt and go straight to the US Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.
At the time I first saw this dynamic in the data, when the Q1 numbers came out, I figured it would take several months to begin playing out. But the April numbers suggest it is already happening. Chovanec notes if real estate investment drops by 1
Last year, former Defense Secretary Robert Gates was greeted in Beijing by China’s experimental stealth jet buzzing over his head. Gates didn’t sweat it: He proclaimed that the J-20 wouldn’t be ready until at least 2020. Oops.
Big night for Chinese news.
Inquiring minds are reading an excellent report China Real Estate Unravels by Patrick Chovanec, a professor at Tsinghua University's School of Economics and Management in Beijing, China.
China may increase the maximum amount that a foreign financial institution can invest in the country's capital markets. Quotas are individually capped at $1 billion under the Qualified Foreign Institutional Investor scheme, the main channel for forei
But contrary to these concerns, China has continued to export a wide range of equipment including electric multiple units, urban rail vehicles, steam locomotives, large road maintenance equipment to many countries such as Russia, Australia, Brazil, I
Two months after the release of a report by the US-based Fair Labor Association (FLA) into working conditions at Foxconn plants in China, 200 company employees threatened suicide at its Wuhan facility.
If we are trying to become independent of foreign oil, then why is the Obama administration allowing the Chinese government to buy up U.S. oil and gas deposits worth billions of dollars?
The first of a new class of U.S. coastal warships will be sent to Singapore next spring for a roughly 10-month deployment, the Navy said on Wednesday, spotlighting a move that may stir China's fears of U.S. involvement in South China Sea disputes.
Al Jazeera, the satellite broadcasting network, was forced by the Chinese authorities to close its China news operations of its English-language channel, the first such action in almost 14 years and the strongest sign yet of fraying relations between
People from all walks of life, political parties, and social organizations should send representatives to form a preparatory committee for a new constitution. They will draft a new constitution that protects the rights of citizens to freely form ass
Yet, China has stepped up its reengineering of river flows in two ways: by portentously shifting its focus from internal rivers to international rivers; and by graduating from building large dams to building megadams.
In an exclusive interview, a trusted friend of Chinese dissident Chen Guangcheng told the Monitor to protect his family, the blind legal activist agreed to leave the safety of the US embassy and stay in China.
Three years ago a physically disabled Chinese man unwittingly broke the law when he shot video of a military airbase in eastern China and uploaded the footage to his website.
Chinese dissident Chen Guangcheng left the U.S. Embassy in Beijing on Wednesday "of his own volition" after six days, the Foreign Ministry said, and a senior U.S. official said he planned to stay put in China. China's Foreign Ministry denounced th
This is all about is provoking a long-term cold war conflict with China that will keep profits and power flowing into Washington’s military-security complex. Large profits flow to armaments companies. A portion of the profits reflow into campaign co
Without specifically mentioning negotiations over blind activist lawyer Chen Guangcheng, President Obama on Monday urged China to do more to improve its record on human rights issues “because we actually think China will be stronger as it opens up an
China is clamping down on social media as it grapples with a crisis over by the escape of a high-profile dissident apparently to U.S. protection.
Workers at a Chinese factory owned by the electronics manufacturer Foxconn threatened to leap from the roof of a building in Wuhan in a protest over wages and working conditions.
The People’s Bank of China last week widened the yuan’s daily trading band from 0.5 percent to 1 percent. In the short term, the Chinese central bank will continue to intervene in currency markets to ensure that no major fluctuations damage China’s s
Concerns of a slowdown in China have caused investors to grow even more cautious about Australia.