Pork prices in China have been surging for four straight weeks to the highest level since 2008, adding to inflation woes that have afflicted the world’s second-largest economy for years.
Charles Schwab Corp joined Interactive Brokers Group Inc and TD Ameritrade Thursday in taking harsher stance and restrictions over leverage positions on some Chinese stocks, Reuters reported.
Full article in Chinese: http://www.caijing.com.cn/2011-06-10/110742360.html
There are many things that the US needs to do to create sustainable growth, including improving the quality of its work force and infrastructure. Easier money is not one of them.
Chinese stocks listed in the United States are largely traded below their initial offering prices, amid recent string of accounting scandals in the sector that spooked investors.
China continues lifting holdings of Japan's long-term debt as it seeks to diversify its hefty foreign exchange reserves.
25 institutions surveyed by WIND are anticipating an average of 5.4 percent increase in CPI this month, while some predicted that the reading may hit a 34-month high of 5.5 percent.
Full article in Chinese: http://www.caijing.com.cn/2011-06-03/110736893.html
The Australian Chamber of Commerce in China urged China to lift restrictions on its financial markets in its first issue paper.
The Chinese yuan may stop rising over the next two or three years if currency continue growing at current pace, former central bank advisor Fan Gang told a forum in Hong Kong Thursday.
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