The Hong Kong Special Administrative Region (HKSAR) government and the Finnish government signed an agreement for the promotion and protection of investments on Thursday in Helsinki, the HKSAR government said. Rita Lau, Secretary for Commerce and Economic Development of the HKSAR government who was currently on a visit to Finland, signed the agreement with Finnish Minister for Foreign Trade and De

The pilot scheme for cross-border trade to be settled in renminbi (RMB) between certain enterprises in five mainland cities and their trading counterparts outside the mainland marked another milestone for the renminbi business in Hong Kong, Hong Kong Monetary Authority Chief Executive Joseph Yam said on July 2. "This is a development of strategic importance," Yam wrote in his online week

In order to get to know the basic economic system at the primary stage of China's socialism, people have to grasp two essential points: one is to take public ownership as the main body and the other is to adhere to the common growth of economy belonging to diverse forms of ownership.Taking public ownership as the mainstay is a fundamental principle of socialism. In a socialist country like China,

China will build an inland regional economic zone spanning two northwestern provinces, according to a design plan released by the State Council Information Office on June 25. The Guanzhong-Tianshui Economic Zone Development Program showed a zone that would cover 79,800 square kilometers of Shaanxi and Gansu provinces. The area would be built into "a strategic highland for the country's inland

HONG KONG — China’s economy grew more slowly than usual in the first quarter, and joblessness increased, but fairly strong investment and consumer spending helped prevent falling exports from dragging down economic output even further, the government said Thursday.The New York Times China’s economic output was 6.1 percent higher in the first quarter than a year earlier, the

BEIJING -- China's State Council, or Cabinet, announced a pilot program to allow exporters and importers in five cities to settle cross-border trade deals in Renminbi, or yuan.The cities are Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan. The latter four are all in south China's Guangdong Province.Attendees at a State Council executive meeting Wednesday, presided over by Premier Wen Jiabao, ag

China said it would raise benchmark retail prices of gasoline and diesel by 290 yuan (42.46 U.S. dollars) per tonne and 180 yuan per tonne, respectively, as of midnight Tuesday. It is the second oil price adjustment this year. The National Development and Reform Commission (NDRC), China's top economic planner, cut benchmark pump prices of gasoline and diesel by 140 yuan and 160 yuan per tonne, or