The government has set seven per cent as the GDP target for this year.
Keeps open the option to make payments in yen or yuan in the face of sanctions
Speaking to reporters at the ongoing South Asian Diaspora Convention in Singapore, Gupta highlighted the funding deficit faced by infrastructure projects in India and the rest of the region, while the high saving rate among the Chinese was boosting the RMB deposit base in Hong Kong and Singapore, already estimated to be over $3 trillion.
Tax revenues rose 10.3 per cent year-on-year to 2.5858 trillion yuan ($410.4 billion) in the first quarter, China's Finance Ministry was quoted as saying by state run news agency Xinhua.
American search engine Google, which recently accused the Chinese government of blocking its services, has been charged with tax evasion along with three of its affiliate companies.
An economic superpower, China is marching ahead to become the world's largest economy.
In 2011, the rupee emerged as the most vulnerable Asian currency on the block. It depreciated by almost 19 per cent in 2011, while for the others depreciation was mostly in single digits. The Chinese Yuan actually appreciated in this period.
In the bustling Chinese city of Shanghai, around 132,000 people have a personal wealth of 10 million yuan ($1.54 million).
China's economic growth fell to 7.6 per cent year-on-year in the second quarter of 2012, from 8.1 percent in the first quarter, the slowest growth since first quarter of 2009.
Overseas, the US dollar hovered near a three-week low.
A painting by Chinese contemporary artist Qi Baishi was sold for $65 million, a record high price for contemporary and modern Chinese paintings and calligraphy by Beijing-based China Guardian.
'The killings are a worrisome escalation of tensions, but little is known about the immediate causes or results of the fight in Galwan and it is not possible, at this point, to assign blame'
Chinese police have mobilised one lakh-strong citizen army in Beijing with monetary rewards to gather intelligence against potential terror attacks as part of national anti-terrorism campaign, according to media reports.
Ten airport projects cost taxpayers Rs. 1.097 billion in false accounting and tax avoidance.
The Chinese President Hu Jintao was accorded a red carpet welcome by the United States after he arrived on a four-day state visit, even as lawmakers introduced a legislation against yuan manipulation.
China on Wednesday announced a 12.2 per cent increase in its defence budget taking the military spending for this year to $132 billion, far above India's $36 billion.
China is close to have one million millionaires with rapid expansion of the new rich, cashing on the booming private business in the Communist country.
The esoteric world of international finance is resonating with the clash of currencies, says
The fact that the trade and current account deficit seem to be alarmingly large (the July trade deficit was about $13 billion) adds a sense of urgency to these concerns.
Depreciating the rupee against the dollar to boost economic growth has fiscal constraints and monetary limitations
A day after the US dragged China to the World Trade Organisation, Treasury Secretary Timothy Geithner is slated to brief two key congressional committees later on Thursday on how the Obama administration plans to make Beijing provide a more-level playing field to American firms.
LePad, which is based on the Android 2.2 operating system, was launched in Shanghai with a starting price of 3,499 yuan ($533) against the iPad's $800 price tag. LePad comes in two versions that support Wifi and 3G services.
A Chinese general on Friday termed as 'flagrant provocation' United States' plans to send a nuclear-powered aircraft carrier to the Yellow Sea and said the country would retaliate if 'offended.'
Rejecting mounting US calls to allow the yuan to rise more quickly, Zhong said changing the exchange rate was not the way to fix a huge bilateral trade gap, and that it could upset the global economy.
The competitive devaluation of the Yuan and the non-tariff barriers imposed by China on the services and pharmaceutical sectors have badly hit the Indian economy. However, New Delhi might not directly push for the appreciation of the Chinese currency given the extremely high level of Indian imports as it would lead to an increase in the prices of domestic goods and services, sources said.
The high-speed rail service linking Shanghai and Nanjing, one of China's most developed economic zones was opened to passengers on Thursday.
It moved in a range of 66.9250 and 66.70 per dollar during the day
Obama met Wen on the sidelines of the United Nations General Assembly and held talks for a good two hours on a wide range of issues including the recent spat between China and Japan over their claims on the South China Sea.
The bonds will likely be simultaneously launched in major financial centres such as London, Singapore, Hong Kong, New York for a term of no less than 20 years.
At Davos on Thursday, all eyes were on China's vice-premier Li Keqiang, tipped to become the next Chinese prime minister.
Seeking to cement its close defence ties with Islamabad, China today agreed to provide four trainer aircraft and US $ 9 million to Pakistan to train its armed forces. The two countries signed agreements to implement decisions made during a meeting between Defence Minister Chaudhry Ahmad Mukhtar and his Chinese counterpart General Liang Guangile in Islamabad.
China on Monday assured the United States to reform its currency exchange regime but gave no timetable to address the key irritant in their bilateral ties.
Spot gold was substantially higher at USD 1,117.40 an ounce in early European trade.
Credit cards debt 180 days past the due repayment date stood at 7.92 billion yuan ($1.19 billion) by the end of the third quarter, up 8.5 per cent from the second quarter, the People's Bank of China said.
In a sparkling show, Sudha Singh fetched India's second gold medal in track and field events and fifth overall by winning the 3000m Steeplechase event with her personal-best timing in Guangzhou on Sunday.
India's campaign in table tennis competitions in the Asian Games came to a disappointing end on Thursday with star paddler Achanta Sharath Kamal and Anthony Amalraj bowing out in the pre-quarterfinals of the men's singles event at the Guangzhou Gymnasium.
This budget-friendly smartphone can also compete with Google Pixel 2!
More than 4,000 people have been arrested worldwide and more than $13 million seized across Asia in operations targeting illegal gambling during the Euro 2016 football tournament, Interpol said on Monday.
Equity markets across the world made handsome gains after China announced plans to make its currency, the yuan, more flexible against the dollar. China on Saturday said it would allow its currency to appreciate against the US dollar.
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