Beijing - The Chinese central bank, the People's Bank of China, on Wednesday announced a cut in its benchmark interest rates by 0.27 per cent as a spur to economic growth.

Beijing - Richer, developed nations should lead the effort against climate change and help developing nations reduce their greenhouse gas emissions, China said Wednesday.

Longtime industrialized nations have a duty because of their historic responsibility for the accumulation of greenhouse gases in the atmosphere to provide cooperation, financing and technology transfers to poorer, developing countries, China's cabinet said in the White Book, their foremost policy document on climate change.

The vice chairman of China's top economic planning body said rich nations should commit at least 0.7 per cent of their gross domestic products to help poor countries fight global warming.

Beijing - Chinese shares dropped 2.94 per cent on Wednesday despite a massive rally on Wall Street overnight.

Beijing - Richer, developed nations should lead the effort against climate change and help developing nations reduce their greenhouse gas emissions, China said Wednesday.

Longtime industrialized nations have a duty because of their historic responsibility for the accumulation of greenhouse gases in the atmosphere to provide cooperation, financing and technology transfers to poorer, developing countries, China's cabinet said in the White Book, their foremost policy document on climate change.

Beijing - Chinese shares gained 2.81 per cent on Tuesday following a strong rebound in Hong Kong.

Beijing- Mainland China's stock markets plummeted Monday by more than 6 per cent to their lowest levels in more than two years over global recession fears.

The Shanghai Composite Index dropped 116.27 points, or 6.32 per cent, to close at 1,723.35. The Shenzhen Component Index plunged 424.14 points, or 6.89 per cent to close at 5,734.81.