Written by BEIJING—U.S. Commerce Secretary Gary Locke stepped up criticism of China’s moves to limit access by foreign companies to its massive government procurement market, even though it isn’t clear whether the U.S. has any legal means to force China to back down. READ MORE »
Posts tagged China
Yen Is Near Highest Since 2001 Against Euro on Slowing Growth
The yen traded near the strongest level in more than eight years against the euro as signs economies in the U.S. and China are slowing boosted demand for safer assets. READ MORE »
U.S. recovery slowdown a ‘concern’: Carney
Bank of Canada governor Mark Carney said Friday the slowdown in the U.S. recovery is of “some concern” to the central bank and whatever unfolds will have a “significant” impact on this country’s economy. READ MORE »
Imports surge in China
China’s imports leapt in August, boding well for a strengthening of domestic demand in an economy that has become a major driver of global growth. READ MORE »
World Bank Increases Voting Rights for China
The World Bank announced its passage on Sunday of what it calls a “historic” package of reforms at the end of key meetings of global finance leaders. The package includes a massive increase in capital for the institution, its first in 20 years, and an increase in voting rights of China and other developing and emerging nations. READ MORE »