CHINA

After summit pomp, China's Hu to face US lawmakers

President Hu Jintao on Thursday will try to persuade often hostile U.S. lawmakers that China is a threat-free engine of growth, after a White House summit sought to narrow rifts between the world's top two economies.

Apple criticized for lax green standards in China

Chinese green groups on Thursday accused iPhone maker Apple of failing to properly oversee its Chinese suppliers, leading to poor environmental and safety standards, and dozens of poisoned factory workers.
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Asian stocks off 2-month highs on U.S. earnings

Asian stocks retreated from two-month peaks on Thursday due to disappointing earnings from Wall Street majors, while the euro gave in to some profit taking after extending its rally overnight to a eight-week high.
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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.

China to auction 8 shale gas blocks in Q1

China will auction eight shale gas exploration blocks in the first quarter of this year, an expanded plan for China's first such auction, which was originally expected in November, a ministry official said on Thursday.

GE CEO says equal access in China crucial

General Electric Co chief executive Jeffrey Immelt said on Wednesday he wants the United States and China to open their borders for truly free trade between the world's top two economies, rather than hiding behind protectionist walls.

Obama pushes Hu on China's currency, rights

President Barack Obama urged Chinese President Hu Jintao to let the value of China's yuan currency rise and delivered a strong message on U.S. concerns over Beijing's human rights record at a summit on Wednesday.
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US, China tout $45 billion in export deals

The United States and China on Wednesday agreed on $45 billion in U.S. export deals and to give U.S. companies greater access to China's $88 billion-plus government contracts market at the start of Chinese President Hu Jintao's four-day state visit.

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.
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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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