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Basket of Currencies Revealed
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| The governor of China's central bank revealed yesterday the basket of currencies used to determine the value of the yuan. The currencies were chosen in accordance to their share of China's foreign trade, foreign debt and foreign direct investment. |
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Central Bank Opens 2nd HQ in Shanghai
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| The People's Bank of China opened its second headquarters in Shanghai Wednesday. The Shanghai headquarters are designed to enhance the bank's ability to regulate the country's financial market and provide better service. |
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Eleven Held for Mine Flood, 1st Body Recovered
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| Eleven people held responsible for the colliery flooding that trapped at least 123 miners in Guangdong have been apprehended by local police and the first body was recovered yesterday. |
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Four Chinese Airlines Buy 42 Boeing Planes
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| Four Chinese airlines signed purchasing contracts Monday for 42 Boeing 787 aircraft worth US$5.04 billion. The contracts show good promise for future bilateral economic and trade cooperation, said an official from the National Development and Reform Commission. |
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Europe's Second Biggest Bank Might Buy into Bank of China
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| The Royal Bank of Scotland is "almost certain" to become a strategic investor in the Bank of China, the Economic Information Daily reported on Monday. |
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China Are East Asian Soccer Champs
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| China beat North Korea 2-0 in Daegu on Sunday to win the East Asian Football Federation Championship. This is the first time China has won the title since the tournament was launched in 1990. Japan clinched second place, North Korea and South Korea came in third and forth respectively. |
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Baidu Makes Dazzling Wall Street Debut
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| China's leading Internet search engine Baidu.com made a dazzling Wall Street debut on Friday with its shares more than quadrupled. That represented the biggest one-day gain since the final days of the dot-com bubble when IPOs regularly soared. |
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Six-Party Talks to Resume After Three-week Recess
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| All the six parties to the fourth round of the Korean nuclear talks agreed to take a recess and resume the talks in the week that begins on Aug. 29, said Wu Dawei, the Chinese delegation head, at a press conference on Sunday morning. |
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Multinationals Willing to Invest in Xinjiang
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| Representatives of 28 multinationals ranking world's top 500 gathered in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, to discuss the economic cooperation with Xinjiang and central Asian countries. |
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Typhoon Matsa Batters East China
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| Typhoon Matsa has been wrecking havoc in east China after its landing at Zhejiang Province early Saturday morning. In Shanghai, all flights have been suspended due to strong wind and a work shed collapsed in the rainstorms, leaving one worker dead and two injured.
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