Chinese Mandarin

The U.S. economy was showing signs of “real strength”, declared President Barack Obama on Friday after the government released improving unemployment rate report. “Our economy is showing signs of real strength,” Obama said at a UPS shipping facility in Maryland. Data from the Labor Department Friday showed that the unemployment rate in March dropped to [...]

Tsingtao Brewery Co. Ltd., one of China’s leading beer makers, Thursday announced its 2010 net profit hit 1.52 billion yuan (231.8 million U.S. dollars), up 21.6 percent year on year. The company’s sales revenue rose 10.4 percent year on year to 19.6 billion yuan due to steady market expansion, the Shanghai-listed firm said in its [...]

During its last open market operation for March on Thursday, the People’s Bank of China (PBOC) took 297 billion yuan (45.3 billion U.S. dollars) of liquidity out from China’s banking system, the first monthly net tightening since September 2010. PBOC Thursday auctioned 26 billion yuan (3.97 billion U.S. dollars) of three-month bills and sold another [...]