Zhu Hongren

China’s Small Businesses Face Financing Difficulty, Xinhua Says

China’s small businesses continue to face difficulty getting loans as lenders view them as risky, Xinhua News Agency reported, citing the chief engineer of the Ministry of Industry and Information Technology.

Huaneng Discount Widens as NDFs Climb: China Overnight

Huaneng Power International Inc.’s U.S.-listed stock is trading at the biggest discount in four months versus Hong Kong, where the stock surged yesterday on prospects an economic rebound will lift electricity consumption.

Yuan Forwards Climb to May High as Melco Surges

Investors increased bullish bets on China’s currency, pushing yuan forwards to a five-month high, on prospects rising industrial output will help the world’s second- biggest economy meet its growth target this year.

U.K. Economy Surges 1% as Britain Exits Recession

Britain exited a double-dip recession in the third quarter with the strongest growth in five years as Olympic ticket sales and a surge in services helped boost the rebound.

China Manufacturing Gains Signal Fourth-Quarter Rebound

China’s manufacturing expanded for the first time in three months as output and new orders climbed, adding to signs growth in the world’s second-biggest economy is rebounding after a seven-quarter slowdown.

China’s Stocks Fall to One-Week Low; Panjiang, Coal Shares Drop

China’s stocks fell, dragging the benchmark index to its lowest level in a week, after a leading gauge for the nation’s economy rose at a slower pace.

Rare Earth Won't Be Bargaining Chip, China Industry Ministry Official Says

China won’t use rare earths as a bargaining chip, said Zhu Hongren, chief engineer of the Ministry of Industry and Information Technology. Zhu said China’s rare-earth exports account for 90 percent of the world total, he said at a briefing in Beijing.

Asian Stocks Rise as Exporters Gain on China, U.S. Data

Asian stocks gained, with the regional benchmark index heading for its first advance in five days, as exporters climbed amid signs of improvement in China’s factory output and the U.S. housing market.

China’s Industrial Profits Rise for First Time in Six Months

Chinese industrial companies’ profits rose in September for the first time in six months, adding to signs economic growth is picking up following a seven- quarter slowdown.

Agribank Profit Increase Beats Estimates on Lending, Fees

Agricultural Bank of China Ltd., the nation’s third-largest lender by assets, posted a larger-than- estimated 16 percent jump in quarterly profit on higher lending and fee income and improved asset quality.

"China is still a developing economy."

- Zhu Hongren on Jun 08, 2010

China

Hong Kong

New York

Shanghai

Dollar Index Falls on Less Speculation of Fed Stimulus Pullback

Senate Immigration Authors Crafting Border Control Change

U.S. Stocks Gain to Halt Global Slide as Yen, Treasuries

IBM U.S. Job Cuts Reach at Least 1,300, Employee Group Says

Gene Patents Limited by Court in Mixed Ruling for Myriad