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10 named globe 'dream kids'

National
2009-11-16

TEN children from around the globe, including two Chinese, have been selected as the "universal dream kids" for their bravery, environmental awareness and hunger for education. The selection is part of a global...

Overseas funds deliver higher returns

Business | Banking
2009-11-13

THE average return of funds managed by overseas institutions trading in yuan shares grew 8.12 percent last month backed by the robust growth of the stock market, an industry report said today. Their performances...

IMF looks into possible bank insurance charge for bailouts

Business | Banking
2009-11-10

THE International Monetary Fund is exploring the idea of making banks pay insurance fees to fund any future rescues in the sector, IMF Managing Director Dominique Strauss-Kahn said on Sunday. He said such a tax...

QDII funds to receive new quotas

Business | Securities
2009-10-27

CHINA has granted new quotas to domestic funds to invest in overseas securities for the first time in 17 months, reflecting the country's stepped-up effort to diversify foreign-exchange assets as the global economy...

China key to Asia: IMF

Business | Macro-economy and policy
2009-10-2

THE International Monetary Fund forecast yesterday that China will lead Asia out of economic recession with growth of 8.5 percent this year and 9 percent in 2010. In its World Economic Outlook report, the IMF cited...

Forests hailed as saviors

National
2009-9-18

THE nation has afforested land of more than 1 million mu (66,000 hectares) with money from the China Green Carbon Fund, a forest administration official said in Beijing yesterday. The fund was established in July...

Developing nations must have greater say: China

National
2009-9-16

CHINA wants the G20 summit next week to throw its support behind an increased role for developing countries in the International Monetary Fund and the World Bank, two officials said yesterday. In a briefing to...

IMF chief sees signs of early recovery

Business | Macro-economy and policy
2009-9-9

ECONOMIC recovery may come three months earlier than forecast, the head of the International Monetary Fund has said, but policy makers warned it may not last if governments reversed stimulus programs too early. "For...

China buys US$50b in IMF initial bond issue

Business | Macro-economy and policy
2009-9-4

CHINA has agreed to buy US$50 billion worth of the International Monetary Fund's first bond issue to diversify the country's foreign reserves and boost the organization's lending strength as it works to speed recovery...

Ningbo officials charged after failed investment scheme

National
2009-7-31

TWO officials in Ningbo City have been charged with taking bribes from a securities firm to have it operate the city's housing fund, an illegal scheme that resulted in the loss of more than 200 million yuan (US$29.27...