U.S. Treasury Secretary Timothy F. Geithner pressed China on Thursday to speed reform of its state-dominated banking system, citing it as one of the chief ways the country gains an unfair trade advantage. Read more...
China took a milestone step in turning the yuan into a global currency on Saturday by doubling the size of its trading band against the dollar, pushing through a crucial reform that further liberalizes its nascent financial markets. Read more...
Los Angeles Times: China's financial system could face more reforms
BEIJING—China approved a broad package of financial reforms in Wenzhou, a city known for entrepreneurship and underground lending, in what may be a prelude to a national effort to liberalize China's creaking financial system. Read more...
U.S. exports to China have eclipsed $100 billion for the first time, with 30 states counting the country as one of their top three export markets, according to a report by the U.S. China Business Council. Read more...
BEIJING—Chinese officials are intensifying their rhetoric in favor of reforming the nation's financial sector as they look to encourage a more consumption-based economy and to give China's currency a more global role. Read more...
BEIJING — While the U.S. trade deficit with China continues to soar, a surge in U.S. exports is emerging as a bright spot in the often-troubled trade ties between the world’s largest economy and its largest foreign creditor. Read more...
BEIJING—China's premier appeared to put his stamp of approval on efforts by a new securities regulator to overhaul the nation's financial markets, an important endorsement in a country where the appetite for serious reform has retreated in recent years. Read more...
BEIJING - China should accelerate the loosening of capital controls, its central bank said, in a report outlining the path to a freely tradeable currency and more open capital markets. Read more...
BEIJING—An exclusive preview of an economic report on China, prepared by the World Bank and government insiders considered to have the ear of the nation's leaders, offers a surprising prescription: China could face an economic crisis unless it implements deep reforms, including scaling back its vast state-owned enterprises and making them operate more like commercial firms. Read more...
