Chinese c.bank sets yuan mid-point at 6.8591

SHANGHAI, June 30 (Reuters) - The central bank set the
mid-point of the yuan's exchange rate
against the dollar on Monday at the highest level since the
Chinese currency was revalued in July 2005. Mid-point 6.8591 http://www.reuters.com/article/marketsNews/idINECB00053020080630?rpc=611

June 30 (Bloomberg) -- The yuan headed for a 12th quarterly gain on speculation the central bank will allow the currency to strengthen to stem inflation close to a more than decade high....

http://www.bloomberg.com/apps/news?pid=20601089&sid=aafBAy1FAMYM&refer=china

SHANGHAI, June 30 (Reuters) - The Chinese central bank
guided the yuan to break above the 6.86 level against the dollar
on Monday for the first time since its July 2005 revaluation, in
response to the U.S. currency's weakness on global markets. The yuan also rose slightly in offshore non-deliverable
forwards, but implied 12-month yuan appreciation against the
dollar remained close to the middle of the 6-7 percent range
that has been established in the last few weeks....http://www.reuters.com/article/marketsNews/idINSHA21152920080630?rpc=611

SHANGHAI, July 1 (Reuters) - The central bank set the
mid-point of the yuan's exchange rate
against the dollar on Tuesday as follows. Mid-point 6.8608 http://www.reuters.com/article/marketsNews/idINECB00053120080701?rpc=611

PARIS, June 30 (Reuters) - French President Nicolas Sarkozy will decide early next week whether to attend the opening ceremony of the Olympic Games and it will depend on how talks go between Beijing and the Dalai Lama's envoys, he said on Monday....

http://www.reuters.com/article/marketsNews/idCNL3046469820080630?rpc=611

Not posting, I'll try taging it here:

RUB / CNY

http://www.bloomberg.com/apps/news?pid=20601095&sid=a1pGpNlZg9II&refer=east_europe

Widened Ruble Would Be a `Revaluation,' Danske Says (Update1)

July 1 (Bloomberg) -- Widening the ruble's trading band by 10 percent against a dollar-euro basket would probably send the currency higher as record oil prices lure investors to Russian assets, according to Danske Bank A/S.

This ``would almost certainly drive the ruble 5 percent stronger right away and thus be a de facto revaluation,

http://www.bloomberg.com/apps/news?pid=20601089&sid=aZ7eYN90dXDc&refer=china

Yuan Little Changed on Signs China Seeks to Deter Currency Bets


July 1 (Bloomberg) -- The yuan was little changed on speculation the central bank will seek to deter speculators betting on the currency's one-way appreciation.

etc, etc, etc,

a currency analyst in Beijing at China Citic Bank Co., a unit of China's biggest state investment company. ``China has to strengthen its currency at a steady pace to curb imported inflation.''

BEIJING (AFP) - Hundreds of shoe makers in southern China have closed down this year as profits slumped due to the rising yuan, higher costs and a weakening demand overseas, industry insiders said Tuesday.....

http://asia.news.yahoo.com/080701/afp/080701161308business.html

KINSHASA, July 1 (Reuters) - The IMF said on Tuesday it needed to evaluate the impact on Democratic Republic of Congo's economy of a huge recent Chinese loan and investment deal before it could conclude a formal accord with the African state...
http://www.reuters.com/article/marketsNews/idINL0120754320080701?rpc=611

July 1 (Bloomberg) -- The yuan was little changed on speculation the central bank will seek to deter speculators betting on the currency's one-way appreciation....

http://www.bloomberg.com/apps/news?pid=20601089&sid=aZ7eYN90dXDc&refer=china

Source: Xinhua | 2008-7-2

CHINA'S economy might continue to decelerate as a result of slower industrial output growth and weakening overseas demand, according to a posting on the Website of the National Bureau of Statistics.

The deputy head of the bureau, Xie Hongguang, said uncertainties over China's economic growth still existed. "We should raise our awareness and pay more attention to economic problems," he wrote....

http://www.shanghaidaily.com/sp/article/2008/200807/20080702/article_365304.htm

SHANGHAI, July 2 (Reuters) - The central bank set the
mid-point of the yuan's exchange rate
against the dollar on Wednesday as follows. Mid-point 6.8621 http://www.reuters.com/article/marketsNews/idINBJD00032420080702?rpc=611

SHANGHAI, July 3 (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
was revalued in July 2005. Mid-point 6.8529 http://www.reuters.com/article/marketsNews/idINECB00053320080703?rpc=611

BEIJING, July 2 (Reuters) - China on Wednesday tightened the administration of its capital controls in a move aimed at deterring speculative inflows of foreign currency betting that the yuan will keep rising.
In an announcement on its website, the State Administration of Foreign Exchange (SAFE) said exporters would be required from July 14 to park their export revenues in temporary verification accounts so officials can check that invoices are backed by genuine trade transactions and are not being padded....

http://www.reuters.com/article/marketsNews/idINPEK33871820080703?rpc=611

Prime Minister Yasuo Fukuda has decided to attend the opening ceremony of the Beijing Olympic Games on Aug. 8, government sources said Thursday.....

http://asia.news.yahoo.com/080703/kyodo/d91m4kro0.html

TAIPEI, July 3 (Reuters) - Taiwan and China, political rivals for six decades, will launch direct weekend charter flights on Friday, potentially letting millions of tourists visit the island in a historic move heralding a further warming of relations....

http://www.reuters.com/article/marketsNews/idINTP26374620080703?rpc=611

SHANGHAI, July 3 (Reuters) - China's yuan fell against the dollar in the offshore non-deliverable forwards market on Thursday, despite global dollar weakness, after Beijing announced fresh steps to tighten capital controls....

http://www.reuters.com/article/marketsNews/idINSHA26961220080703?rpc=611

By VOA News
03 July 2008

China says it is prepared to discuss moderate goals to combat climate change at next week's summit of leaders from the world's eight leading industrialized nations....

http://www.voanews.com/english/2008-07-03-voa12.cfm

Source: Xinhua | 2008-7-4 |

STEPPING up the battle against "hot money" flowing into and out of China, three government departments will link internal electronic systems from July 14 to check foreign exchange receipts and export settlements, the State Administration of Foreign Exchange said yesterday.

SAFE said it would conduct the checks with the other two departments — the Ministry of Commerce and the General Administration of Customs (GAC). With the new online checks, regulators will be able to compare enterprises' forex receipts and settlements with their exported goods reported to GAC. After a trial period, the new mechanism will formally operate from August 4....

http://www.shanghaidaily.com/sp/article/2008/200807/20080704/article_365606.htm

2008-7-4 |

The currency closed at 6.8510 per greenback at 5:30pm in Shanghai, the strongest since the end of the dollar link...

http://www.shanghaidaily.com/sp/article/2008/200807/20080704/article_365587.htm

China has shown that it can act by raising domestic fuel prices, but will Beijing be able to tackle an even thornier issue: cheap subsidized grain? After oil, grain could be the next big price risk for China. The government shifted the focus of its agricultural subsidies from protecting farmers' incomes to shielding its 1.3 billion consumers from inflation when food prices surged last year. Beijing tried to restrict exports and promote imports. Good harvests and restrictions in the last four...

http://www.iht.com/articles/2008/07/02/business/col03.php

Friday July 4, 4:55 AM

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Friday July 4, 4:55 AM LEAD: Bush to attend Beijing Olympics opening ceremonies (Kyodo) _ (EDS: ADDING DETAILS) President George W. Bush will attend the opening ceremonies of the Olympic Games in Beijing in August, the White House announced Thursday. "The president and Mrs. Bush will attend the opening ceremonies of the Summer Olympic Games on Aug. 8," White House Press Secretary Dana Perino said in a statement.... http://asia.news.yahoo.com/080703/kyodo/d91mjqv00.html

July 4 (Bloomberg) -- Liu Shaoyong, chairman of China Southern Airlines Co., is piloting a Chinese tourist flight to Taiwan today, ending a six-decade ban that's deprived the island of visitors from its closest neighbor.....

http://www.bloomberg.com/apps/news?pid=20601089&sid=atVWD5dx6Zkc&refer=china