CNN's Stan Grant explains what the completion of this ambitious mission means for the future of China's space program.
China plans to create a special zone to experiment with currency convertibility in Shenzhen, the city where it introduced key economic reforms three decades ago.
Iran is accepting renminbi for some of the crude oil it supplies to China, industry executives in Beijing and Kuwait and Dubai-based bankers said, partly as a consequence of US sanctions aimed at limiting Tehran's nuclear programme.
Just like rivals in a bad romantic comedy who shockingly realize they have feelings for each other, China and the United States have a complicated relationship.
China expanded the daily trading range that its currency can fluctuate against the US dollar on Saturday in an important step towards allowing the Rmb to eventually float freely.
China has almost tripled the amount of money foreign institutions can invest in its capital markets, in the latest move aimed at loosening strict capital controls and internationalizing the renminbi.
Chinese central bank officials have suggested the renminbi is no longer significantly undervalued after six years of gradual appreciation, citing the country's large trade deficit in February.
The U.S. economy appears to be gradually improving -- and the dollar is coming along for the ride. Imagine that.
European leaders have taken "substantial" steps to contain the eurozone debt crisis, but they need to build a stronger financial firewall to ensure the safety of the global economy, top finance officials said Sunday.
Dim sum bonds may sound like something on a Chinese brunch menu, but they're actually one of the hottest investments to come out of the world's second-largest economy.
U.S. VP Biden and Chinese Vice President Xi Jinping discuss how they should approach differences in human rights.
Chinese media on Wednesday played up the positives in Xi Jinping's visit to Washington, avoiding mention of U.S. criticism of human rights but broaching issues of trade and U.S. discontent with the strength of the Chinese currency.
George Osborne will sign a deal on Monday with Hong Kong aimed at helping turn the City into an offshore trading centre for the renminbi in what the chancellor sees as a vote of confidence in London.
U.S. Treasury Secretary Timothy Geithner met Chinese leaders on Wednesday with discussions expected to focus on cooperation between the world's top two economies to bolster global growth as well as possible sanctions on Iranian oil exports.
China is very likely to contribute to the eurozone's bail-out fund but the scope of its involvement will depend on European leaders satisfying some key conditions, two senior advisers to the Chinese government have told the Financial Times.
Republican presidential hopeful Mitt Romney had some harsh words for China in his 59-point jobs plan Tuesday.
The Treasury Department announced Friday it was delaying the release of a report on exchange rates that often contains subtle criticism of China's currency policies.
Prices in China continued to rise at a steady pace in September, a sign that the world's largest nation still faces significant inflation pressures even amid signs of a slowing global economy.
China and the United States are the world's two largest economies and arguably each other's most important trading partners.
For the second consecutive day after a U.S. Senate vote aimed at penalizing China for undervaluing its currency, Beijing lowered the range at which the yuan could trade against the dollar.
CNN's Eunice Yoon discusses China's currency bill and Russian PM Vladimir Putin's visit to China.
Finance ministers from the world's leading economies will focus on ways to strengthen the faltering global recovery at a meeting later this week, according to a senior U.S. Treasury official.
In a rare showing of bipartisanship, the Senate passed a bill on Tuesday targeting China's undervalued currency -- and angering Chinese officials who have warned of a "trade war."
A bill that will penalize China for allegedly manipulating its currency to gain a trade advantage is headed for a vote in the U.S. Senate Tuesday, adding pressure on China to appreciate the yuan.
Rep. John Boehner and Sen. Harry Reid discuss their views on legislation aimed against China.
A bill that will penalize China for allegedly manipulating its currency to gain a trade advantage is headed for a vote in the U.S. Senate Tuesday, adding pressure on China to appreciate the yuan.
The Senate is expected to pass a bill on Tuesday that targets China's undervalued currency -- long accused of hampering the U.S. economy by spurring global trade imbalances and economic hardship for U.S. manufacturers.
A newsflash to the legislators in Washington who suddenly want to act tough against China for currency manipulation: Have you looked in the mirror lately?
The Senate approved a bill on Thursday to target China's undervalued currency -- long accused of hampering the U.S. economy by spurring global trade imbalances and economic hardship for U.S. manufacturers.
The Senate is taking a swipe at China's undervalued currency -- long accused of hampering the U.S. economy by spurring global trade imbalances and economic hardship for U.S. manufacturers.
The US Congress is renewing a push to penalise China over its currency, potentially forcing the White House to choose between angering its Democratic base and upsetting its delicately balanced relations with Beijing.
In the late 1980s, developed nations helped bail out Latin America and other emerging markets.
China's economy is growing rapidly, but the International Monetary Fund believes it could be doing so on stronger footing, if the government were to loosen its tight grip on its currency.
Top officials from the United States and China will meet next week in Washington with hopes of improving relations amid rising bilateral tensions on human rights and China's currency.
For the first time in seven years, China reported a quarterly trade deficit, as imports soared to an all-time high.
Treasury Secretary Tim Geithner once again criticized China for keeping its currency artificially low. But he also extended an olive branch that could allow China's yuan to become even more influential in global trade.
In an unexpected development, China on Thursday reported a $7.3 billion trade deficit in February as imports soared and exports rose only slightly.
As inflation spreads across the developing world, household needs could soon be more expensive for American consumers too. Commodity prices -- from oil to steel to cotton -- are rising across the globe. While that's already being felt at U.S. gas stations, it'll soon be putting pressure on the prices Americans pay for food, appliances and clothing. Prices are rising far more rapidly in developing economies than in the United States. Retail prices in China rose nearly 5% over the past 12 months, much faster than in the United States, where consumer prices were up 1.6%.
Inflation in China has been on a tear lately, and Chinese consumers are feeling the pinch of rising food, energy and housing prices.
U.S. officials will continue to press China over the manipulation of its currency at this week's G-20 summit, a senior Treasury Department official said Tuesday.
What's the right way to play China? Perhaps no investor knows the answer to that question better than Richard Gao, who has run the $3 billion San Francisco-based Matthews China Fund since 1999.
The push to get China to allow its currency to appreciate continued Monday, with Treasury Secretary Tim Geithner raising the issue in Brazil.
It's been a remarkable recovery for China, but now the fast-growing economy is fighting runaway inflation, and experts say the country must allow its currency to appreciate to stay on course.
The European sovereign debt crisis may be off the front pages while all eyes are on Egypt, but that doesn't mean its problems are any closer to being solved.
Rep. Chris Smith calls on Pres. Obama to "be specific" with China's president over alleged human rights abuses in China.
At one point during the state visit of Chinese President Hu Jintao, U.S. President Barack Obama sounded like salesman-in-chief.
The yuan could be undervalued by as much as 35%. Or it actually could be overvalued.
Chinese President Hu Jintao arrived in the United States on Tuesday for a state visit that will include high-profile talks with President Barack Obama on trade, currency, North Korea and other issues.
Secretary of State of Hillary Clinton says talks with China are a hopeful step toward more transparency.
Chinese president Hu Jintao arrives in Washington this week at a time of American pessimism.
In what has become a sore point for other major world economies, China still exports far more goods and services than it imports.
Treasury Secretary Timothy Geithner said China's undervalued currency and dependence on exports must be addressed, both for the sake of the Chinese and global economy.
China is allowing U.S. currency traders to have a crack at its tightly controlled currency, the yuan, but analysts say the move will have more impact on international politics than markets.
Chinese President Hu Jintao, on the eve of his U.S. visit, has called the dollar-dominated international currency system a "product of the past" and said the yuan will emerge as a global currency.
Senate Democrats renewed their push to crack down on countries that manipulate their currencies, ahead of a key meeting between Chinese President Hu Jintao and U.S. President Barack Obama in Washington.
Two members of Congress circulated a letter amongst colleagues on Friday that accuses China of consistent violations of international trade law, and warns the behavior will no longer be tolerated.
Now that China's trade surplus has narrowed to just $13.1 billion, do you think that President Hu Jintao and President Obama will just spend next week's visit at the White House talking about the weather?
The trade deficit in the United States narrowed, according to the latest monthly data out Friday, though America's largest trading partner, China, still exports far more than it brings in.
China's economy, to quote the alter ego of New York Dolls frontman David Johansen, is hot hot hot.
The high standard of living most Americans enjoy could be at risk. And the looming danger is caused by two little words -- "global imbalances."
China continues to manipulate its currency and the nation's "exclusionary" trade policies have contributed to a massive deficit with the United States, a special commission said Wednesday.
Trade tensions between China and the United States dominate the headlines. But the two countries actually agree on one thing: Both Chinese and American leaders want Chinese to buy more, much more. Yet they disagree over what those consumers should buy. This struggle manifests itself in many ways, including the ongoing dispute over the value of the Chinese currency, the renminbi.
It was only last week that investors were spending all their time analyzing the outcome of the midterm elections, the Federal Reserve's quantitative easing announcement and the October jobs report.
Leaders of the G-20 nations on Friday agreed to "refrain" from all-out currency warfare, but failed to meet high expectations that they would come up with a plan to stabilize the world economy.
Accusations of currency manipulation are causing tension, and world leaders are hoping the contentious topic won't turn this week's G-20 gathering in Seoul into an all-out global brouhaha.
The Obama administration has a big goal going into this weekend's Group of 20 finance ministers' meeting in South Korea: Press China and other nations to allow currencies appreciate.
After freefalling for weeks, the U.S. dollar appears to finally be groping for a bottom.
Investors react to a interest rate hike by the People's Bank of China. CNN's Stan Grant reports.
The People's Bank of China raised its benchmark interest rates by a quarter-percentage point early Tuesday, the first hike since December 2007.
The Treasury Department has again delayed a decision to label China a "currency manipulator," even as more U.S. leaders call for efforts that would penalize China for undervaluing the yuan.
The U.S. trade gap widened to $46.3 billion in August, driven by a record-breaking deficit with its largest trading partner China.
CNN's Maggie Lake interviews Brazilian Finance Minister Guido Mantega.
In the latest sign that the Chinese could be keeping the yuan artificially undervalued, China's currency reserves jumped in the third quarter, to one of the highest levels on record.
The Financial Times reported Sunday that "global economic co-operation is in disarray and further battles in the currency war look likely after the weekend's meetings of finance ministers and central bankers end with no resolution."
China feels the need to get big global players back on its side by changing its traditional foreign policy.
Chinese Premier Wen Jiabao says his country's huge stimulus plan will continue to create economic growth, as long as inflation expectations are well-managed.
Who exactly is China's premier Wen Jiabao? CNN's Fareed Zakaria investigates.
Chinese Premier Wen Jiabao tells CNN's Fareed Zakaria that he hopes for a quick U.S. economic recovery.
The world's two biggest economies are facing off over tensions that could ignite a trade war and lead to a catastrophic split between the United States and China, says analyst Fareed Zakaria.
Lawmakers say China's currency is unfairly cheap and passed a measure Wednesday that opens the door to tariffs that aim to help U.S. companies compete.
The Chinese Ministry of Commerce announced Sunday that poultry imports from the U.S. will face steep tariffs, the latest salvo in an ongoing trade war between the two countries.
As debate over global trade heats up, the United States is considering cracking down on China's trade policies, the Treasury Secretary told lawmakers on Thursday.
The debate in Congress over China's currency policy has lawmakers lining up to defend two key economic constituents - manufacturing and agriculture - that are on different sides of the issue.
Stocks finished higher Monday as new global banking rules, upbeat economic data from China and some acquisition activity helped boost investor sentiment.
U.S. stocks looked to rally at Monday's open, as major banks gained after historic new banking reforms were not as strict as some had initially expected.
U.S. exports to China remained surprisingly resilient throughout the recession, holding steady last year while dropping nearly 20% to the rest of the world.
China's economic growth eased somewhat in the second quarter, suggesting that government efforts to slow expansion and prevent overheating are starting to be felt.
China reports its third straight quarter profits as the economy continues to show signs of slowing. CNN's John Vause reports.
CNN's Andrew Stevens talks to Harvard University professor Kenneth Rogoff about whether China's star is fading.
Growth in China is going to slow. After the country posted 11.9% growth in the GDP for the first quarter of this year compared to last, there's really no other option. For one, the sovereign debt scare in Europe, which has eroded the purchasing power of China's largest export market, will be a big knock on the economy. The Chinese government has even set their full year growth estimate at 9.1%, explicitly implying a slow down is coming. And, with the Shanghai Composite down 26.5% year to date, Chinese equity prices confirm this.
A Treasury report on foreign exchange rates has lawmakers in a tizzy about China's cheap currency.
Leaders of the world's most important economies agreed to ambitious targets for getting deficits under control, pledging to cut them in half by 2013, according to a statement made following the G-20 summit this weekend in Toronto.
The leaders of the Group of Eight global economic powers pledged Saturday to continue working together as the world "begins a fragile recovery from the greatest economic crisis in generations."
With the yuan no longer pegged to the dollar, analysts expect any appreciation of the yuan to be gradual.
CNNMoney: Stocks end lowerupdated: Mon Jun 21 2010 18:26:00
Stocks finished lower Monday, with the Dow industrials erasing a gain of as much as 143 points, as investors chose to be cautious after a recent advance and discounted China's move to strengthen its currency.
If we have learned anything in the last few years, it's that all major markets are connected. The subprime crisis in the United States -- the classic example -- roiled almost all global markets across asset classes in 2007 and 2008. This became apparent again today, when China allowed the renminbi to appreciate nearly to an all-time high against the U.S. dollar, with every indication it would continue to allow the currency to adjust closer to its market value. Stocks rose around the world in response, though only modestly.
China has finally announced a long hoped for move that will allow its currency to gradually trade higher. But there was nothing gradual about Wall Street's reaction.
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