By admin on August 22, 2010
As China’s economy last week nudged Japan’s into second place in the world rankings, it was a reminder, if any was needed, of its growing importance and influence. China may be only 1/10th of Japan’s gross domestic product per capita, but there i
7 Vote(s) Read More China becomes worlds secondlargest economy
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Posted in Forex News | Tagged becomes, china, economy, secondlargest, worlds
By admin on June 21, 2010
In July 2005, Chinese officials decided to allow some flexibility in the exchange value of the renminbi, and it subsequently strengthened 21 percent against the U.S. dollar over the next three years (Figure 1). However, as uncertainty about global economic prospects spiked in the summer of 2008, the appreciation of Read More China Reintroduces Currency [...]
Posted in Forex News | Tagged china, currency, flexibility, reintroduces
By admin on June 21, 2010
The big news coming out of the weekend was China announcing that it would end its two-year peg of the Yuan to the Dollar. The exchange rate was frozen in July 2008 as the Chinese government was worried about the effect of the global recession on its exports. The end Read More China Ends Yuan [...]
Posted in Forex News | Tagged aussie, china, dollar, ends, peg, rallies, yuan
By admin on June 1, 2010
The USD is trading higher in reaction to an ECB report warning that European banks may face additional €195 billion in write-offs and China reports weak PMI, EUR trades at a fresh four-year low versus the USD in reaction to rumors of possible additional sovereign debt downgrades in Europe (France Read More USD Higher, ECB [...]
Posted in Forex News | Tagged bank, china, ecb, higher, loan, loss, pmi, usd, warning, weak
By admin on April 10, 2010
China has been a densely-populated country from ancient times. Always it depended for survival on labor-intensive rice cultivation. Cooperation was crucial for China’s existence, especially for the making and maintenance of a very complicated system of dikes and irrigation canals.
Chinese people travel less owing to many political and geographic reasons. They remain tied to their [...]
Posted in Forex News | Tagged china, estate, in, market, real, residential
By admin on March 7, 2010
Central bank signals intention to stop pegging its currency to the dollar.
Read More China ready to end dollar peg
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Posted in Forex News | Tagged china, dollar, end, peg, ready, to
