China's stock market tracked the 512.76-point drop of the Dow Jones industrial average index Thursday to open 2.38 percent lower on Friday. The benchmark Shanghai Composite Index slumped 63.76 points, or 2.38 percent, to 2,620.28. The Shenzhen Component Index retreated 2.92 percent, or 348.47 points, to reach 11,585.94. ...

China's top economic planner on Thursday denied claims that it has allowed cooking oil manufacturers to raise their prices in recent months. The National Development and Reform Commission (NDRC) made the comment in response to media reports that claimed that China has allowed cooking oil companies to raise their prices in order to cover rising production costs. An official surnamed Zhou from the NDRC's pricing department said that the reports are groundless, as China has never impo ...

China may continue to institute a managed floating exchange rate regime that is tied to a basket of foreign currencies for the next eight or nine years, the China Securities Journal said Thursday. The RMB is unlikely to be floated freely in the near term as the country's economy faces internal difficulties during its reform drive and external uncertainties of the global economy, the report quoted Xia Bin, a member of the monetary policy committee of the People's Bank of China (PBOC), or t ...

Hong Kong stocks lost 938.6 points, or 4.29 percent, at 20,946.14 on Friday. ...

China's stocks tumbled more than two percent to a seven-week low following a sharp drop in the overnight U.S. stock market that triggered investor worries over a new round of global recession. The benchmark Shanghai Composite Index slumped 2.15 percent to close at 2,626.42. The Shenzhen Component Index edged down 1.95 percent to finish at 11,701.76. The shares tracked the 512.76-point drop of the Dow Jones industrial average index Thursday to open 2.38 percent lower on Friday morni ...

China's anti-dumping tax on potato starch imported from the European Union (EU) may expire on Feb. 6 next year, said the Ministry of Commerce (MOC) on Saturday. But domestic producers could request for review on ending the tax 60 days before Feb. 6 next year, said a notice on the MOC website. The anti-dumping measure, effective on Feb. 6, 2007, requires importers to pay a tax of 17 to 35 percent to Chinese customs. ...

China's Ministry of Railways will issue 20 billion yuan ($3.1 billion) of super short-term commercial papers (SCP) with a maturity of 90 days on Monday, a bond depository and settlement agency has announced. The ministry will use the funds to be raised to build railways, buy locomotives and improve liquidity, according to a note on the website of the China Central Depository and Clearing Co Ltd (CCDC). The papers will be offered by tender on the inter-bank bond market, with the China Devel ...

Hong Kong stocks dropped 537.13 points, or 2.56 percent, to open at 20,409.01 on Monday. ...

China's stock market opened 1.03 percent lower following rating agency Standard & Poor's downgrading of United States credit on Friday from AAA to AA+. ...

The Chinese currency Renminbi, or the yuan, gained 146 basis points to 6.4305 per U.S. dollar on Monday, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day. The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day. ...