From Bloomberg News (link) China’s government said a surge in investment that propelled first-quarter economic expansion of 10.2 percent needs “attention” and signaled it will curb lending in the world’s fastest-growing major economy. Fixed-asset investment in urban areas rose 29.8 percent in the quarter from a year earlier, statistics bureau spokesman Zheng Jingping told a […]
Read MoreFrom the Washington Post (link) When President Bush sits down with Chinese President Hu Jintao this morning in the Oval Office, some of the biggest foreign policy challenges facing the United States will be on the table, including the nuclear ambitions of Iran and North Korea. Increasingly, administration officials believe, the key to these issues […]
Read MoreFrom Xinhuanet (link) China has noticed the negative impacts brought by the huge foreign exchange reserves and is taking steps to relieve the pressure, said spokesman of the National Bureau of Statistics on Thursday. Exports of products that consume much energy and produce heavy pollution will be restricted in China, while more manufacturing equipments and […]
Read MoreFrom Bloomberg News (link) China will keep the yuan’s value “basically stable” as the country continues to transform its foreign exchange rate regime and seeks to narrow its trade gap, President Hu Jintao said. China is trying to narrow its trade surplus with the U.S. through government measures to increase domestic consumption, Hu said. Balancing […]
Read MoreFrom the Associated Press via the Boston Globe (link) The Chinese government has authorized Yale University to trade domestic stocks and bonds, making it the first foreign university granted access to the country’s tightly restricted securities market. The approval, announced this week in the state-run Shanghai Daily and confirmed Wednesday by the university, allows Yale’s […]
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