China makes $1 trillion work hard
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China is creating an investment company to make better use of its $1 trillion foreign currency reserves.
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China dramatically stepped up the appreciation of its currency, allowing it to push through an important level against the dollar for the first time.
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China's central bank on Sunday poured cold water on the idea that the country's economy can decouple from the United States.
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BEIJING -- China is creating an investment company to make more profitable use of its $1 trillion in foreign currency reserves, the finance minister said Friday, in a move that could change the flow of billions of dollars in global markets.
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Business & money: International group will track $1trillion of illicit funds.
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MG Rover is about to seal a Â£1bn agreement to help build 200,000 cars a year in China.
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It could make about $160 million in the US.
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New figures show a soaring trade surplus for China, just as a US report says trade with China has cost 1.5 million US jobs since 1989.
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Child labor is a daily fact of life in China, experts say, and one that the government, preoccupied with economic growth, has traditionally turned a blind eye to.
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China needs to invest $120bn to increase badly-needed electricity supplies, a leading Chinese official says.
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BEIJING : China has decided to raise its benchmark one-year lending rate to 5.58 percent from 5.31 percent with effect Friday, the first such move in nearly a decade, the central bank said on its website.
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NINGBO, China  - The $1.5 billion, S-shaped bridge that will link Ningbo and Shanghai is graceful testimony to the huge sums that China is investing in infrastructure to keep raising the potential of the world's fourth-largest economy.
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Christine Yu of Taipei has a master's degree from Britain and experience at a multinational company in Beijing. But she has trouble paying bills in her hometown in Taiwan, squeezed by the rising cost of living.
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Rising wages on China's more prosperous eastern coast are pushing some factories inland where labor is cheap.
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China's central bank on Sunday poured  cold water on the idea that the country's economy can decouple  from the United States.
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Investment by Japanese firms hit a record in the first quarter of 2007, official data shows.
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China to pour one trillion yuan into development of oil alternative    BEIJING, Dec. 14 (Xinhua)-- China will invest over one trillion yuan (about 127 billion U.S.