Chinese Vice Premier and President Hu Jintao's Special Representative Wang Qishan and U.S. Treasury Secretary Henry Paulson, special envoy of President George W. Bush, Tuesday discussed the upcoming Fifth China-U.S. Strategic Economic Dialogue and bilateral cooperation. In a telephone conversation, the two sides exchanged views on enhancing bilateral cooperation, jointly coping with the ongoing ...

2 Dec 2008

Chinese equities closed mixed, with the key index down slightly, on Tuesday as investors were worried about the plunge of Wall Street and peripheral markets. The benchmark Shanghai Composite Index closed at 1,889.64 points, down 0.26 percent or 4.98 points. The smaller Shenzhen Component Index rose 0.47 percent, or 31.84 points, to close at 6,795.81. Gainers outnumbered losers by 576 to 265 in ...

2 Dec 2008

A Chinese bank employee counts stacks of hundred yuan notes at a bank in Beijing. China's currency is being scrutinised ahead of a US-China summit after it fell sharply against the dollar in what experts have said could mark a new policy shift aimed at propping up flagging exports.

2 Dec 2008

Chinese officials on Monday issued new figures for the number of children affected, saying that as many as six babies may have died and more than 300,000 were sickened.

1 Dec 2008

Dec. 2 (Bloomberg) -- KKR & Co. LP ., the private equity company of Henry Kravis and George Roberts, plans to invest $100 million in Chinese raw milk supplier Modern Farm to tap growth in an $18 billion market, two people familiar with the plan said.

1 Dec 2008

(RTTNews) - The Chinese yuan edged down to 6.8916 against the US dollar during early Asian deals on Tuesday. This set the lowest point for the yuan since June 19, 2008. On the downside, 6.937 is seen as the next target level for the Chinese currency.

1 Dec 2008