China Refuses to Set Time-Table on Forex
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Chinese authorities on Saturday again declined to set out a time-table to make their currency more flexible on the world's money markets and said they had not come under international pressure to revalue the yuan.
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Congressional action on legislation  to pressure China into raising the value of its currency could  be delayed until October because of other pending issues,  congressional aides said on Tuesday.
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Chinese officials reiterated their country would move toward a flexible foreign exchange rate, but offered no new specifics on the timing in a joint statement issued on Friday after talks with high-level US officials.
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Chinese markets fall again amid fears that tough anti-inflation measures are needed to cool its surging economy.
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Forget about graphs, charts and economic forecasts. Wary investors in Asia are turning to feng shui masters to tell them which way the markets will head in the Chinese Year of the Rat.
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China's central bank sought on Friday  to soothe concerns over its first interest rate hike in nearly  a decade, saying it will not have a big impact on the economy  or the pegged yuan currency.
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Here's one China-themed stock that's not doing so well.
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Hong Kong&#39;s highest court rejected the government&#39;s request that a 67-year-old tenant be given hours instead of weeks to appeal the sale of a $2.7 billion property trust, putting its Dec. 20 trading debut in doubt.
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China promises the United States greater exchange rate flexibility, but gives no firm commitments.
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Global finance chiefs sought on Friday to put pressure on China to let its currency rise in value to ease global trade imbalances and also aimed to craft a message to soothe turbulent financial markets.
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BEIJING, Dec. 27 -- The dollar declined against the euro for the 10th week in 11 on speculation the European Central Bank (ECB) will not halt the currency&#39;s slide.
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China is to face greater competition from foreign banks as a WTO deadline to open its markets looms.
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China says its $1.3 trillion reserves have not been invested in the volatile US subprime sector.
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ESSEN, Germany  - The G7 free-market powers agreed to single out China again in repeat appeals on Saturday for flexible exchange rates, but Japan's tumbling yen escaped a similar fate despite mounting concern in Europe.
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WASHINGTON (CBS.MW) -- Chinese finance officials repeated Friday their commitment to move toward a flexible, market-based foreign exchange rate but didn&#39;t outline specific plans to do so after consultations with US economic officials Thursday.
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WASHINGTON -- The Bush administration said Tuesday that China does not meet the technical requirements of a country that is manipulating its currency to gain unfair trade advantages.
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SINGAPORE: Chinaâs reluctance to unshackle the yuan when the dollar is plumbing record lows against the euro risks sparking political tensions that could complicate the already fraught task of ironing out global economic imbalances.