Chinese shares crash for the 2nd day, central bank cuts rates

Last Updated: Tuesday, August 25, 2015, 17:28

The benchmark Shanghai Composite Index fell 7.63 per cent to 2,964.97 points, following the 8.49-per cent loss in its worst daily slump since February 2007.

China strengthens yuan rate against dollar by 0.01%

Last Updated: Monday, August 17, 2015, 08:25

The daily reference rate was set at 6.3969 yuan to $1.0, slightly stronger than Friday`s 6.3975, the China Foreign Exchange Trade System said.

Brokerages see no major trade hit on yuan fall

Last Updated: Wednesday, August 12, 2015, 17:25

Even though the rupee has been under pressure for past two trading sessions, French brokerage BNP Paribas said yuan devaluation will not have a major impact as the country's trade exposure to China is comparatively small and also due to strong balance of payments situation.

Chinese economy more sustainable now: China central bank

Last Updated: Wednesday, February 11, 2015, 08:16

China`s economy is now more sustainable and domestic consumption is steadily rising, Chinese Central Bank Vice Governor Yi Gang told a G20 meeting of finance officials earlier this week.

Renminbi appreciating gradually, says Chinese official

Last Updated: Monday, March 19, 2012, 16:28

China's currency Renminbi is gradually appreciating and the revaluation is having a positive impact on overall trade balance, an official of the Chinese central bank said Monday.

Key infrastructure projects in China hit due to cash crunch

Last Updated: Wednesday, October 19, 2011, 19:28

Periodic increase in interests rates by Chinese central bank to curb money supply has resulted in stalling of key infrastructure schemes, including high speed railway projects, due to shortage of funds, official media reported here.