China’s central bank will maintain a “prudent” monetary stance and “ensure the continuity and stability” of policy in the coming new year, said Zhou Xiaochuan.

The People’s Bank of China will maintain a “prudent” monetary stance and “ensure the continuity and stability” of policy in the coming new year, Zhou Xiaochuan, the central bank governor said in his New Year address today.

America’s design for Asian trade is inspired by the goal of containing China, and the TPP template effectively excludes it, owing to the non-trade-related conditions imposed by US lobbies.

By Jagdish Bhagwati

ConocoPhillips is facing two lawsuits in China that claim leaks from offshore oil production facilities operated by the U.S. firm’s local unit caused damages to local fishermen.

ConocoPhillips is facing two lawsuits in China—one has been accepted by a
Chinese court and the other is well underway to be accepted—that claim leaks
from offshore oil production facilities operated by the U.S. firm’s local unit
caused damages to local fishermen.

If the eurozone does not want to embrace capital controls, it has only two alternatives: make the local printing of money more difficult, or offer investment guarantees in countries that markets view as insecure.

By Hans-Werner Sinn

For the troubled economies to revive, the recent agreements on austerity must be supplemented by significant debt haircuts.

By Jim Leitner, Nuno Monteiro, and Ian Shapiro

Chinese manufactures are still struggling as both domestic and external demands continue to cool.

December’s final PMI was revised down slightly from its initial flash reading
of 49 to 48.7, but nevertheless stayed above the previous November print of 47.7
confirming that China’s pace of slowdown is stabilizing somewhat. That said,
weakening external demand is starting to bite.

Companies raised 73 billion U.S. dollars from IPOs in Shanghai, Shenzhen and Hong Kong this year, almost double the amount of money raised on the New York Stock Exchange and Nasdaq combined, according to Dealogic.

China has eclipses the United States again as the top venue for initial
public offerings despite steep stock falls.

China National Petroleum Corporation, the country’s largest oil company, has entered a deal with Afghanistan’s government to exploit the country’s oil and natural gas reserves

China National Petroleum Corporation, the country’s largest oil company, has entered a deal with Afghanistan’s government to exploit the country’s oil and natural gas reserves, the official Xinhua News Agency reported.

Chinese financial institutions are expected to extend 8 trillion yuan of new loans in 2012, Bank of China predicted.

Chinese financial institutions are expected to extend 8 trillion yuan of new loans in 2012, under relatively unchanged monetary policies, according to a Bank of China forecast.

The first half of 2012 will probably see at least two cuts in reserve requirement ratio for banks, the lender predicted, adding that chances for interest rate adjustments are slim.

Alibaba Chief Executive Jack Ma said Thursday the e-commerce group would start talks with private equity firms about possibly buying Yahoo in the coming weeks

Alibaba Chief Executive Jack Ma said Thursday the e-commerce group would start talks with private equity firms about possibly buying Yahoo in the coming weeks, the Wall Street Journal reported.