14 Jun '11, 10am

China restricts lending as inflation hits 5.5%: BEIJING : China said on Tuesday that its politically sensitive i...

BEIJING : China said on Tuesday that its politically sensitive inflation rate hit its highest level in nearly three years in May, prompting Beijing to order banks to increase the amount of money they keep in reserve. China has been battling to contain inflation, which jumped to 5.5 percent year-on-year in May -- far above the official annual target of 4.0 percent -- as food prices soared on power shortages and crippling droughts in some areas. It was the highest rate since July 2008, when the index rose 6.3 percent. Asian stock markets jumped on relief the closely-watched data met forecasts, as many nations in the region rely heavily on the world's second-biggest economy to help drive their own growth. The People's Bank of China said after the data release that it would increase the reserve requirement ratio by 50 basis points, effectively limiting the amount of money bank...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific/vi...

Tweets

China is still the place to be

China is still the place to be

asiaone.com 14 Jun '11, 12am

PROPERTY investors have been paying more attention to China over the last 18 months as real estate markets recover across ...

China's property sales surge: SHANGHAI - China'...

todayonline.com 14 Jun '11, 11am

SHANGHAI - China's property sales accelerated in May and investment momentum remained strong, intensifying concerns that t...

HK inflation hits 3-year high

channelnewsasia.com 21 Jun '11, 10am

HONG KONG: Hong Kong said Tuesday its inflation hit 5.2 per cent year-on-year in May, its highest level since July 2008, a...

China eases rules on banks' forex - TODAYonline

todayonline.com 13 Jun '11, 9pm

SHANGHAI - China's foreign exchange regulator said yesterday it would relax certain rules on banks' conversion of foreign ...

China says will not use force in South China Sea

channelnewsasia.com 14 Jun '11, 8am

BEIJING- China on Tuesday pledged not to resort to the use of force in the tense South China Sea, as neighbours with rival...

Pork price hits record high in China

Pork price hits record high in China

channelnewsasia.com 21 Jun '11, 5am

BEIJING: The price of pork, a staple of the Chinese diet, hit a new high in China this month due to rising costs and short...

Philippine president Aquino asks for help from US over Chinese activities in the South China Sea.

Philippine president Aquino asks for help from ...

straitstimes.com 14 Jun '11, 10am

Philippine's President Benigno Aquino III waves to photographers upon arrival at Halim Perdanakusumah airport in Jakarta, ...

(TODAY) China's stars let badminton down

todayonline.com 13 Jun '11, 9pm

Veteran shuttler Peter Gade and India's top female shuttler Saina Nehwal both believe it is the responsibility of players ...