Chinas bank loans hit a record 2.51 trillion yuan in January and more than three-quarters of the proceeds went to companies. The development comes as worries about mounting corporate debt become a pressing issue. Companies now have three ways to rais...
The deputy governor of China's central bank, Yi Gang, said in an interview with CCTV that China's foreign exchange reserve is within reasonable range. Our foreign exchange reserve increased from less than 300 billion US dollars in 2002 to 3.99 trilli...
China's yuan eased against the dollar on Wednesday after the central bank fixed a softer midpoint. The central bank set the official benchmark exchange rate at 6.5106 per dollar, easing 0.1 percent from the previous fix. In the spot market, the yuan...
The European Union countries have reached an agreement to exchange information on the tax affairs of multinational companies under new rules. The rules are aimed at stopping multinationals from avoiding paying their fair tax shares. The measures take...
The plunge of oil prices has helped reduce fuel costs and made airlines big winners. Cathay Pacific Airways said on Wednesday that its annual profit nearly doubled in 2015. The net profit of Hong Kong's biggest airline jumped 90% from the year before...
Chinese Commerce Minister Gao Hucheng says that a qualitative, rather than a quantitative goal, is more realistic for China's economy against a gloomy international economic background. Gao made the remarks in response to media concerns over why no s...
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Related stories: North Korean leader Kim Jong-Un is being quoted saying his countrys military scientists have successfully miniaturized a thermo-nuclear warhead. Kim reportedly made the comments as part of a meeting with his nuclear development staff...
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