European central bank keeps key rate at 1%
The European Central Bank on Thursday kept its key rate at 1%. "On the basis of its regular economic and monetary analyses, the Governing Council decided to leave the key ECB interest rates unchanged, " Jean-Claude Trichet, president of the ECB said
World Bank upgrades growth forecast to 8.4%
The World Bank yesterday revised upwards its forecast for China's growth this year - from 7.2 percent to 8.4 percent - and projected a slightly faster pace of expansion in the coming year.
Economy/Industry
Sales of China's supply and marketing cooperatives up 11% in 9 months
The combined sales volume of China's supply and marketing cooperatives rose 11 percent year on year to 826.04 billion yuan (121 billion U.S. dollars) nationwide in the first nine months this year, a senior official told Xinhua Thursday.
Chinese shares open higher Friday, 11/06
Chinese shares opened higher Friday, with the benchmark Shanghai Composite Index up 0.67 percent to open at 3,176.14 points.
European central bank keeps key rate at 1%
The European Central Bank on Thursday kept its key rate at 1%. "On the basis of its regular economic and monetary analyses, the Governing Council decided to leave the key ECB interest rates unchanged, " Jean-Claude Trichet, president of the ECB said
U.S. sets preliminary penalties on Chinese wire decking
The U.S. Commerce Department said on Tuesday that it has set preliminary countervailing duties (CVD) on imports of steel wire decking from China, a move that might escalate trade disputes between the two countries.
How to handle global economic imbalances
Regardless of whether we admit it or not, the financial crisis is deeply related to global economic imbalances. Currently, the world seems to have weathered the crisis and people envisage a new, post-crisis world order. If global imbalances are to be blamed for the crisis, then it is of little significance...
Chinese (嶄猟井)
