The total size of the CMIM is 120 billion U.S. dollars with the contribution portion between ASEAN and the Plus Three countries at20 percent versus 80 percent. China and Japan will each contribute 38.4 billion U.S. dollars to the pool, while South Korea will contribute 19.2 billion dollars.

Why the United States and China Are Not Ready to Upgrade Ties.

Tangshan Renren Information Service Company (TRISC) Wednesday said Baidu had "monopolized the Chinese search engine market", demanding more than 1.1 million yuan (160,000 U.S. dollars) in compensation after one of its subsidiary websites was blacklisted.

Prices for copper, that most utilitarian of metals, are now nearing six-month highs, but investors who are hopeful this signifies an uptick in demand and is an early indicator of a global economic recovery should take caution -- China and its state run corporations are big buyers and they like to hoard for the long-term, skeptics say.

U.S. Treasury Secretary Timothy Geithner refrained from labeling China as a currency manipulator, backtracking from an assertion he made during his confirmation hearings in January.

China’s gross domestic product, battered by collapsing exports, grew at the slowest pace in almost 10 years, probably marking the low point for the world’s third-biggest economy.

The government is expected to announce on Thursday gross domestic product growth in the first quarter of 6-7 per cent.

Industrial and Commercial Bank of China, the world’s largest lender by market capitalisation, is now the biggest by deposits as well.