Economy News

US declines to name China a currency manipulator

(AP)

The Obama administration is raising concern about the value of China’s currency but is declining to accuse Beijing of manipulating it…

China’s growth slows to 7.4 percent in 1Q

(AP)

China economy grew 7.4% from a year earlier in the January-March quarter, down from the previous quarter’s 7.7%…

China’s inflation edges up to 2.4 %

china-people1-nb

China’s consumer inflation edged up in March as food prices rose despite signs the world’s second-largest economy is slowing…

China to permit cross-border stock trading with HK

money-nb

China unveiled a plan to allow investors in Shanghai and Hong Kong to trade shares on each other’s exchanges…

China sets economic growth at 7.5%

li-keqiang-bao-nb

China has the capability and confidence to keep its economy functioning within the proper range, Premier Li Keqiang said…

Bank’s volunteers teach kids to save money

Seven cities in China raise minimum wage

(AP)

Seven cities in China have raised their minimum wage. The highest is approximately US$300 a month…

Japan increases sales tax

(AP)

Japan increased its sales tax from 5 percent to 8 percent on Tuesday, first time in 17 years…

Hundreds rush to Chinese bank amid bankruptcy rumors

Jiangsu-bank-nb

Hundreds of people rushed to a bank to withdraw money in China amid rumors that the bank is going bankrupt…

US sues 16 big banks that set key rate

fdic

The U.S. Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate…