New falls in the value of China’s currency are threatening to cause further frictions with the rest of the world.
During May this year the renminbi fell further against the dollar than it had done in any other month since 2005, when the Chinese Government bowed to pressure ...
China’s state owned banks are being warned they could have their monopoly status broken up - for making easy money!
Wen Jiabao, the Chinese Premier, fired a warning shot at the banks accusing them of failing to do their job properly because the current rules meant they could “make money ...
The juggernaut that is the Chinese economy may be about to hit the buffers. That’s the warning from a joint report by The World Bank and China’s Development Research Centre.
China has, of course, experienced phenomenal growth, averaging 9.9 per cent since its late leader Deng Xiaoping ...