中国阐明新五年计划

BEIJING, March 21 (Xinhua) -- Chinese policymakers illustrated how to carry out the newly released 13th Five-Year Plan, showing confidence on sustained growth in the next five years at a forum. The two-day China Development Forum, which ended here on

央行降准降息支持实体经济

The People's Bank of China says the economy is still facing downward pressure. Meanwhile, the global financial market has shown major fluctuations recently. Therefore, the central bank has concluded that it's necessary to apply flexible monetary poli

美联储计划或主导G20峰会

MOSCOW, Aug. 27 (Xinhua) -- Sluggish growth and spillovers of the U.S. Federal Reserve's plan to scale back its economic stimulus are expected to feature prominently in discussions at the upcoming leaders' summit of Group of 20 or G20, said Russian o

ADB lowers China's 2012 growth prediction

BEIJING, July 12 (Xinhua) -- The Asian Development Bank (ADB) on Thursday lowered its prediction for China's economic growth to 8.2 percent in 2012 and 8.5 percent in 2013, although a bank official said a hard landing is unlikely. The ADB made the re

特朗普:强势美元“要我们的命”

Donald Trump has threatened to overturn two decades of US economic policy by questioning the strong value of the dollar, raising fears that his presidency could set off a new round of currency wars between the big economies. 唐纳德`特朗普(Donal

人民币对美元汇率中间价跌破6.5

The renminbi fell to a five-year low against the U.S. dollar on Monday after statistics indicated weaker-than-expected Chinese economic growth momentum in December. 继12月份发布了超乎预料的缓慢经济增长数据之后，本周一，人民币

Fed announces new steps to boost U.S. economy

WASHINGTON, Dec. 12 (Xinhua) -- After its final policy meeting of this year, the U.S. Federal Reserve on Wednesday announced to continue pumping money into the economy by buying assets and hold its short-term rate near zero until the unemployment rat

China Not to Actively Debase Yuan Rate

The People's Bank of China's governor Zhou Xiaochuan says the Renminbi won't be actively depreciated to regain national competitiveness. Zhou was speaking during a recent International Monetary Conference in Shanghai, when he also suggested that now

经济学人:欧元区经济:保持信心(1)

Central banking can be agonising. The effect of monetary policy on the economy is not immediate, 中央银行可能很痛苦。货币政策对经济的影响并非即刻见效， so decisions must be based on expectations for two years' time. That me

中国经济健康 潜力巨大

FRANKFURT, June 21 (Xinhua) -- The Chinese economy is healthy and has great potential for further development, a leading German economist has said. In the macroeconomic sense, the Chinese economy is still extremely healthy if one looks at the growth

耶伦:或将渐进式加息

WASHINGTON, March 27 (Xinhua) -- The U.S. Federal Reserve Chair Janet Yellen said Friday that she expected an increase in the target range for the federal funds rate to be warranted later this year, and the pace for the rate hike would likely be grad

Amid Economic Gains - New Trouble on Horizon

The U.S. Federal Reserve is staying the course on monetary policy, taking no action and leaving interest rates at historically low levels. This, despite a steady improvement in economic conditions in the U.S. and around the world. Gasoline prices are

Lagarde, Carstens shortlisted for top IMF job

WASHINGTON, June 13 (Xinhua) -- French Finance Minister Christine Lagarde and Mexican central bank governor Agustin Carstens have been shortlisted for the selection of the new managing-director of the International Monetary Fund (IMF), the fund annou

美联储近十年来首次加息

WASHINGTON, Dec. 16 (Xinhua) -- U.S. Federal Reserve on Wednesday decided to raise benchmark interest rate by 25 basis points, the first interest rate increase since 2006,marking the end of an era of extraordinary easing monetary policy. Given the co

日本削减公共债务

TOKYO, June 13 (Xinhua) -- The Japanese government on Thursday set a new goal of reducing the ratio of Japan's public debt to gross domestic product from fiscal 2021, but the feasibility of the target remained unclear amid ballooning social security

终结关于“间隔年”的三个流言

The term gap year traditionally applies to the year between high school graduation and college matriculation. For many students, the gap year is a time for adventure and personal exploration. The reasons that a student might opt for a gap year can be

China changes three central bank advisors

BEIJING, March 14 (Xinhua) -- China will change three members of the central bank's monetary policy committee, according to a circular released Wednesday by the State Council, or the Cabinet. The circular said the State Council has approved the appoi

IMF Head Upbeat After Spring Meetings

The head of the International Monetary Fund is upbeat as spring finance meetings in Washington come to a close, with more money for the lending agency to help struggling governments, especially in Europe. IMF managing director Christine Lagarde said

IMF Gets Hundreds of Billions More for Emergency Loans

Nations around the world are pledging more money for emergency loans to help member nations of the International Monetary Fund cope with any new economic crisis. The Managing Director of the International Monetary Fund, Christine Lagarde, said the me

IMF Approves New Loan for Greece

The International Monetary Fund has approved a new $36 billion loan for debt-ridden Greece, despite misgivings about the country's economic performance with a previous loan. The board of the Washington-based IMF on Thursday adopted a proposal by its