Chinese c.bank sets yuan mid-point at 6.8567

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Chinese c.bank sets yuan mid-point at 6.8567

Post by yunowu on Sun Jul 06, 2008 10:01 pm

SHANGHAI, July 7 (Reuters) - The central bank set the
mid-point of the yuan's exchange rate
against the dollar on Monday as follows. Mid-point 6.8567 http://www.reuters.com/article/marketsNews/idINECB00053420080707?rpc=611

http://www.bloomberg.com/apps/news?pid=20601089&sid=aR94HbJlReFU&refer=china


Last edited by yunowu on Sun Jul 06, 2008 10:07 pm; edited 1 time in total

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China Drafts New Trade Regulation to Curb `Hot Money' (Update1)

Post by yunowu on Sun Jul 06, 2008 10:05 pm

July 7 (Bloomberg) -- China is drafting regulations to control cross-border payments for services to curb rising inflows of ``hot money'' betting on gains in the yuan, according to an official at the nation's currency regulator....

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYuuVck.s99c&refer=home

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HSBC Private Bank Favors Yuan, Ringgit, Rupiah, Mahendran Says

Post by yunowu on Sun Jul 06, 2008 10:09 pm

July 7 (Bloomberg) -- HSBC Private Bank, which manages $494 billion of client's assets, favors the Chinese yuan, the Malaysian ringgit and the Indonesian rupiah as rising export revenue bolsters their economies and attracts foreign investment...
http://www.bloomberg.com/apps/news?pid=20602097&sid=aAZ8pFRV7y.U&refer=world_currencies

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German Companies Eye Moving Production Back Home

Post by yunowu on Mon Jul 07, 2008 11:17 am

Globalization | 06.07.2008

German toymaker Steiff announced this week that it is relocating production to Germany from China. Experts disagree on whether this is an example of a new trend, or simply the exception to the rule...



http://www.dw-world.de/dw/article/0%2C2144%2C3462948%2C00.html

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Yuan Rises on Speculation China Allows Gains to Curb Inflation

Post by yunowu on Mon Jul 07, 2008 9:13 pm

By Aaron Pan and Judy Chen
July 8 (Bloomberg) -- The yuan rose for the first time in three days on speculation the government will allow faster gains in the currency to help curb inflation...

The yuan advanced 0.12 percent to 6.8606 per dollar as of 10:35 a.m. in Shanghai, from 6.8690 late yesterday, according to the China Foreign Exchange Trade System...

http://www.bloomberg.com/apps/news?pid=20602097&sid=atC.yxp2nmqM&refer=world_currencies

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Beijing Sweeps Fake DVDs Off the Streets Before Olympic Games

Post by yunowu on Mon Jul 07, 2008 9:14 pm

July 8 (Bloomberg) -- Beijing's government said it's cracking down on sales of pirated Hollywood movies, as the city cleans up its image ahead of next month's Olympic Games....

http://www.bloomberg.com/apps/news?pid=20601089&sid=aFEwwn2jSYUc&refer=china

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FACTBOX-The world's largest sovereign wealth funds

Post by yunowu on Mon Jul 07, 2008 9:56 pm

6. China Investment Corp, China
ASSETS: $200 billion
The fund was officially launched in September last year to manage part of China's massive foreign reserves but it had in May already taken a $3 billion stake in U.S. private equity firm Blackstone Group .
MANAGEMENT: Lou Jiwei, a former finance vice minister, is chairman of the fund.
TRANSPARENCY: Lou said he would keep lines of communication open with regulators in countries in which the fund invests as well as with international organizations...
http://asia.news.yahoo.com/080708/3/3lupn.html

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The great Beijing-Brussels disconnect

Post by yunowu on Mon Jul 07, 2008 10:04 pm

The friendship between China and the European Union looks great on paper. But just as Brussels says ties with Beijing are heading to the "next level", Europe's trade deficit with China is growing at the rate of US$23.5 million per hour and the EU looks foolish juggling incongruous China policies on behalf of its 27 member states. - Axel Berkofsky (Jul 7, '08)
http://www.atimes.com/atimes/China/JG08Ad01.html

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Yuan hits post-reval high, defies c.bank mid-point

Post by yunowu on Tue Jul 08, 2008 8:49 am

SHANGHAI, July 8 (Reuters) - The yuan hit a post-revaluation high against the dollar on Tuesday as ample dollar supply from foreign trade offset -- for the moment at least -- a low reference rate from the Chinese central bank that indicated Beijing may want to slow yuan appreciation for a while....

http://www.reuters.com/article/marketsNews/idINSHA2311520080708?rpc=611

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GM, Ford report strong China sales

Post by yunowu on Tue Jul 08, 2008 8:50 am

Tuesday July 8, 6:48 PM

General Motors and Ford reported first-half sales grew strongly in China's booming auto market Tuesday, a rare bright spot for global automakers.
GM said sales of its Buick, Chevrolet and Cadillac brands rose 12.7 percent from the first half of last year to 590,126 vehicles. Ford Motor Co. said its sales rose 21 percent from the year-earlier period to 172,411 vehicles....

http://asia.news.yahoo.com/080708/ap/d91pkdno3.html

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EU's Barroso urges China to let yuan gain vs euro

Post by yunowu on Tue Jul 08, 2008 8:51 am

TOYAKO, Japan, July 8 (Reuters) - The head of the European Union's executive said on Tuesday that he wanted China to let its currency appreciate against the single European currency....

http://www.reuters.com/article/marketsNews/idINTKM00294820080708?rpc=611

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PREVIEW-Wealth funds meet in Singapore to allay Western fears

Post by yunowu on Tue Jul 08, 2008 6:20 pm

SINGAPORE, July 8 (Reuters) - Sovereign wealth funds that control an estimated $3 trillion in assets will meet in Singapore this week to discuss a code of ethics aimed at allaying Western fears that their investments are politically motivated.
The International Monetary Fund's international working group of sovereign wealth funds (SWFs) will gather on July 9-10 to thrash out voluntary guidelines that the IMF hopes will be finalised by October this year.
Highly-secretive wealth funds, investment funds owned by national governments, have become increasingly active in buying Western assets in the past year, often armed with cash piles from soaring oil prices and trade.....

http://asia.news.yahoo.com/080708/3/3lupm.html

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China Warns French President Against Meeting Dalai Lama

Post by yunowu on Tue Jul 08, 2008 6:55 pm

By VOA News
08 July 2008

China's ambassador to France has warned French President Nicolas Sarkozy against meeting with Tibet's exiled spiritual leader, the Dalai Lama...


http://www.voanews.com/english/2008-07-08-voa65.cfm

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Chinese c.bank sets yuan mid-point at 6.8632

Post by yunowu on Tue Jul 08, 2008 7:49 pm

SHANGHAI, July 9 (Reuters) - The central bank set the
mid-point of the yuan's exchange rate
against the dollar on Wednesday as follows. Mid-point 6.8632 http://www.reuters.com/article/marketsNews/idINBJD00032820080709?rpc=611

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Study: China's Economy to Surpass US by 2035

Post by yunowu on Tue Jul 08, 2008 8:10 pm

By VOA News
08 July 2008
A new study says China's economy will surpass the United States by 2035, and double by mid-century.

The study released Tuesday by a Washington-based research institute predicts that China's economic growth is driven by domestic demand, and not exports...
http://www.voanews.com/english/2008-07-08-voa61.cfm

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Sarkozy to attend Beijing Olympics opening ceremony: reports

Post by yunowu on Tue Jul 08, 2008 9:57 pm

[quote="yunowu"]By VOA News
08 July 2008

China's ambassador to France has warned French President Nicolas Sarkozy against meeting with Tibet's exiled spiritual leader, the Dalai Lama...

(Kyodo) _ The office of French President Nicolas Sarkozy announced Wednesday that he will attend the opening ceremony of next month's Beijing Olympics, media reports said...
http://asia.news.yahoo.com/080709/kyodo/d91q2b7g1.html

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IOC tells China to deliver on promises

Post by yunowu on Tue Jul 08, 2008 10:12 pm

AGENCIES, BEIJING AND HOHHOT, CHINA
Wednesday, Jul 09, 2008, Page 1
With the Olympics just a month away, the International Olympic Committee (IOC) said yesterday it was time for China to deliver on promises made seven years ago when it was awarded the Games....

http://www.taipeitimes.com/News/front/archives/2008/07/09/2003416849

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India chases the Dragon in Sri Lanka

Post by yunowu on Wed Jul 09, 2008 9:21 am

China is steadily increasing its activities in Sri Lanka through the sale of arms and with development projects, including the building of a key port. India, fearing it is being left behind in its own neighborhood, has increased its support to the Sri Lankan armed forces. - Sudha Ramachandran (Jul 9, '08)
http://www.atimes.com/atimes/South_Asia/JG10Df03.html

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China's pollution Olympics

Post by yunowu on Wed Jul 09, 2008 9:23 am

The algal bloom threatening to disrupt Olympic sailing events in Qingdao, China, is symptomatic of the country's water-pollution problems. These have far more dangerous effects than grounding a few boats, but the latest bloom might embarrass Beijing into confronting its environmental mess. - Peter Navarro (Jul 9, '08)

http://www.atimes.com/atimes/China_Business/JG10Cb01.html

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Kazakhstan starts building gas pipeline to China

Post by yunowu on Wed Jul 09, 2008 3:12 pm

NEAR ALMATY, Kazakhstan, July 9 (Reuters) - Kazakhstan joined construction of a pan-Central Asia pipeline on Wednesday, a major project to link up Caspian Sea gas reserves with energy-hungry China....

The pipeline is the first significant independent gas link connecting the former Soviet region with eastern markets while bypassing Russia. Russian gas monopoly Gazprom (GAZP.MM: Quote, Profile, Research, Stock Buzz) is currently the main buyer of Central Asian gas....
http://www.reuters.com/article/marketsNews/idINL0939802620080709?rpc=611

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Chinese c.bank sets yuan mid-point at 6.8489

Post by yunowu on Wed Jul 09, 2008 7:50 pm

SHANGHAI, July 10 (Reuters) - The central bank set the
mid-point of the yuan's exchange rate
against the dollar on Thursday at its highest since the
currency's revaluation in July 2005. cheers cheers cheers cheers Mid-point 6.8489 http://www.reuters.com/article/marketsNews/idINECB00053620080710?rpc=611
http://www.bloomberg.com/apps/news?pid=20601089&sid=aV0SoziNjkZw&refer=china

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Yuan's Advance May Slow in Fourth Quarter, Bank of China Says

Post by yunowu on Wed Jul 09, 2008 7:56 pm

By Judy Chen
July 10 (Bloomberg) -- The yuan's gains will slow in the fourth quarter as authorities rely more on interest rates and less on currency appreciation to cool inflation, according to Bank of China Ltd., the nation's largest foreign-exchange trader....
http://www.bloomberg.com/apps/news?pid=20601089&refer=china&sid=aM_8_wmdm_3M

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Beijing flicks the safety switch

Post by yunowu on Wed Jul 09, 2008 8:10 pm

Two weeks of isolated "incidents" underscore Beijing's concerns that internal issues may prove more problematic for the Olympic Games than international threats. It is evident in the change of the official pledge of "The best Olympic Games in history" to "A safe and sound Olympics". Even achieving that may prove a formidable challenge. - Wu Zhong (Jul 8, '08)
http://www.atimes.com/atimes/China/JG09Ad01.html

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Sarkozy Welcomed, Time to Move on from Imbroglio: Hu

Post by yunowu on Wed Jul 09, 2008 10:33 pm

2008-07-10 11:53:39
President Hu Jintao Wednesday welcomed French President Nicolas Sarkozy's decision to attend the opening ceremony of the Beijing Olympics, saying that the two countries should "turn the page" on difficulties faced by the two sides in the past few months...
http://english.china.com/zh_cn/news/china/11020307/20080710/14960855.html

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UPDATE 1-IMF to discuss delayed China report - spokesman

Post by yunowu on Thu Jul 10, 2008 10:01 am

WASHINGTON, July 10 (Reuters) - The International Monetary Fund board of member countries is likely to discuss a delayed 2007 report on the Chinese economy in late August or early September, an IMF spokesman said on Thursday...
IMF Managing Director Dominique Strauss-Kahn has repeatedly said that the Chinese yuan currency is "significantly undervalued" and needs to rise faster...
http://www.reuters.com/article/marketsNews/idINN1030161920080710?rpc=611

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Re: Chinese c.bank sets yuan mid-point at 6.8567

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