Finance & Economics

SWF

China Joins Hands with Major SWFs to Set Ground Ru...

China has reversed its initial reluctant and joined the International Monetary Fund (IMF)brokered voluntary code of conduct for sovereign wealth funds (SWFs).

Lin Li, Zuo Maohong | 2008-09-05

TAXES

A 150-billion-yuan VAT Reform

A value-added tax (VAT) reform under consideration may cause 150-billion yuan revenue loss to the Chinese government, but it could also stimulate the economy.

Xi Si | 2008-09-03

CREDIT

Short-term Bills to Ease Credit Crunch for SMEs

China's central bank policymakers have recently begun discussing a pilot project to give select small-to-medium sized businesses the ability to float bills through Chinese banks.

Wang Yu, Hu Zhongbin | 2008-09-03

LAW

Bank of China Denies Terrorist Ties

After a lawsuit was filed against it in the US, Bank of China has denied accusations that it transferred millions of dollars to terrorist groups.

Zuo Maohong | 2008-08-27

MACROECONOMY

Brewing China's Economic Stimulus Plan

The EO has learned from several government sources that an expansionary formula was under study in case Chinese economic growth slipped further.

Xi Si | 2008-08-27

FOREIGN TRADE

China Overtakes US in Japanese Export

China has replaced the US to become Japan's biggest export destination, latest statistics shows; and China's trade surplus against Japan is narrowing for the past years.

Zuo Maohong | 2008-08-22

HOT MONEY

Signs of Hot Money Retreating from China

Slower growth for China's foreign exchange reserves and money supply have led market observers to believe that hot money has started retreating from the country.

Zhang Yong | 2008-08-22