China, Brazil forge currency swap deal

Jun 22, 2012
With consumer demand still sluggish in the U.S. and Europe, China is looking elsewhere for new customers to places like Brazil. In fact, this week China and Brazil agreed to a landmark deal that avoids using the U.S. dollar.
Posted In: reserve currency, China, brazil, yuan

The Street of Eternal Happiness: The Tailor

Jun 21, 2012
Meet Master Chu Hongsheng on the first stop of our year-long series profiling the people who make their living on Changle Road, or the Street of Eternal Happiness, which bisects Shanghai.
Posted In: Shanghai, qipoa, clothes, dress, China

China to ask for environmental funding at Rio summit

Jun 15, 2012
Next week world leaders will meet for the U.N. Conference on Sustainable Development to figure out how to improve the well-being of people around the world without wrecking the planet in the process.
Posted In: China, renewable energy, United Nations

IMF says Chinese currency a little stronger

Jun 12, 2012
But experts say the yuan is still substantially undervalued against the U.S. dollar. And the change won't mean much improvement in the persistent U.S.-China trade imbalance.
Posted In: China, yuan, IMF

Exports in China double market expectations

Jun 11, 2012
Amidst the slew of gloomy economic indicators from China over the weekend there was one bright spot: May's overseas shipments from China are up more than 15 percent over last year.
Posted In: China, export, import export

China's interest rate cut shows concern about slowdown

Jun 7, 2012
China today dropped its key interest rate by a quarter percent -- the first cut since 2008. The move shows the Chinese government is becoming concerned about the new evidence of a slowdown in the global economy.
Posted In: China

Central bank of China lowers interest rate

Jun 7, 2012
China's central bank this morning surprised global markets by cutting interest rates for the first time since 2008 in an effort to stimulate the slowing economy.
Posted In: China, interest rates, stimulus

Putin visits China to discuss partnership

Jun 5, 2012
Russia's President Putin is in China today to meet with Chinese President Hu Jintao about oil, natural gas, and a potential economic investment partnership.
Posted In: Russia, China, natural gas, Vladimir Putin

China orders foreign embassies not to monitor pollution

Jun 5, 2012
Today top Chinese officials ordered foreign embassies to stop reporting air pollution levels in China, saying the monitoring by foreigners is illegal.
Posted In: China, pollution, Twitter

Fears of global slowdown sink markets

Jun 4, 2012
Stocks are down all over the world this morning as investors have their first chance to react to the Labor Department's May jobs report that came out on Friday. But the negative market sentiment isn't just about jobs.
Posted In: emerging markets, China, Europe debt crisis, spain