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China's PICC Group plans to list within 5 yrs

China's PICC Group, the country's top non-life insurer, plans to list within five years and double the group's revenue in that period with total assets exceeding 1.5 trillion yuan, a newspaper reported on Thursday.

China 7-day repo rate up 194 bps on money squeeze

China's benchmark short-term money market rate spiked 194 basis points on Thursday, heading for its biggest single-day rise in history, hit by cash calls for the payment to meet the official increase in bank reserve requirement ratios (RRR) and the coming Lunar New Year.

China ends year with fast growth, slower inflation

China finished 2010 with a bang, its growth soaring past expectations while inflation slowed just a touch, numbers that could prod the government to ratchet up its easy-does-it approach to tightening.
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Obama presses China's Hu on currency, rights

President Barack Obama pressed Chinese President Hu Jintao on Wednesday to let the value of China's currency rise and delivered a stern message on U.S. concerns over Beijing's human rights record.

Hu concedes China needs human rights improvements

Chinese President Hu Jintao, asked a second time about human rights at a Washington news conference, said a lot still needs to be done in China on rights while insisting enormous progress has been made.

China winter weather latest developments

Harsh winter weather across parts of China could disrupt transport and strain energy supplies. Here is a summary of major weather developments and their impact.

China says 5 more years of U.S.-Sino panda diplomacy

China is extending its so-called panda diplomacy agreement with the United States, letting giant pandas stay at the Washington national zoo for another five years, a Chinese conservation official said on Wednesday.

In China, Obama sees growing U.S. market

President Barack Obama on Wednesday highlighted ways in which China is changing its policies that are likely to boost sales to the third largest U.S. trading partner.
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GE says China deals to bring $2 billion in sales

Five deals that General Electric Co signed with Chinese partners this week will generate more than $2 billion of revenue over the next decade for the U.S. conglomerate, including about $1 billion of exports from the United States, GE said on Wednesday.
Traders work on the floor of the New York Stock Exchange

Stocks slide on weak bank profits

Stocks sold off as disappointing results from Goldman Sachs (NYSE: GS) dragged down the financial services sector, as the indices endured their worst one-day price drop since November.

China, U.S. agree to healthcare partnership

While Chinese President Hu Jintao is being entertained by U.S. President Barack Obama, and the U.S. House of Representatives votes to repeal the Obama administration’s healthcare reform law, both U.S. healthcare and Sino-American relations are the main components today of a less highly publicized event.
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U.S. and China reach $45 billion in export deals

The United States and China reached agreement on export deals worth $45 billion including a major contract with Boeing, the White House said on Wednesday at the formal start of Chinese President Hu Jintao's state visit.

Will Hu Jintao take up Obama's offer this time?

As Chinese President Hu Jintao meets U.S. President Barack Obama during his visit to the U.S., a key question is if he will take up Obama's offer to play a more active role on the world stage.
Boeing 787 aircraft

China to purchase 200 Boeing aircraft

The government of China government has placed an order for 200 Boeing planes, according to senior U.S. government officials, as part of a $45-billion export deal with China.
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Obama, Hu remarks at official arrival ceremony (FULL TEXT)

The following is the text released by the White House of remarks by U.S. President Barack Obama and Chinese President Hu Jintao on the morning of January 19, 2011 at the South Lawn of the White House at the official arrival ceremony. Neither president took questions.

Gold gains for third day; platinum at 30-month high

Gold rallied for a third consecutive session on Wednesday, boosted by broad weakness in the dollar and robust Asian consumer demand, while anticipation of more resilient global growth took platinum to 30-month highs.
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Ericsson faces margin squeeze as sales improve

Is Ericsson's glass half full or half empty? The Sweden-based telecom gear maker is at last enjoying the benefits of an upturn in demand, but much of the growth could come from less profitable areas.
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Cargill to spin off its majority stake in Mosaic

Agribusiness giant Cargill Inc plans to spin off its $24 billion majority stake in Mosaic Co , a move that could eventually lead to a takeover of Mosaic, the world's second-largest fertilizer producer.
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Apple's bright view outshines Jobs's plight

Apple Inc landed blockbuster results and a strong outlook on dazzling sales of the iPhone and iPad, reassuring investors that visionary CEO Steve Jobs's medical leave will have no impact on growth.

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