Unless entitlements are substantially reformed, the U.S. will likely default on its debt; not in conventional ways, but via inflation, currency devaluation and low to negative real interest rates.
China Raises Capital Adequacy Ratios on Concerns over Credit Risks
China Banking Regulatory Commission has set capital targets for the nation’s five biggest lenders above the minimum 11.5 percent ratio amid concern that credit risks may rise.
China C-Bank Advisor: $1Trl in Forex Reserves Would be Enough
Foreign exchange reserves of 1 trillion U.S. dollars would be enough for China, says central bank governor Xia Bin.
China's Foreign Reserves Excessive, Says Central Bank Governor
China’s foreign reserves, the world’s largest, have become excessive, and would flood the market with liquidity and add pressures to government’s sterilization.
Fresh Deposit Reserve Ratio Hike may Freeze 375Bln Yuan of Capital
The new hike in banks' deposit reserve ratio is estimated to freeze up to 375 billion yuan of capital in banks.
China Sees Soaring Trade Volume with Its BRICK Partners in Q1
The growth of China’s trade with other four members of BRICK, namely Brazil, India, Russia and South Africa, has outpaced that of overall foreign trade in the first quarter this year.
China GDP Ups 9.7Pct in Q1, March CPI Rose 5.4Pct
China’s economy grew 9.7 percent in the first quarter of 2011 from a year earlier, while consumer prices hit a 32-month-high of 5.4 percent in March, government data shows today.
Price Controls May Lead to Hyperinflation in China
Edible oil producers would be in more difficult straits if price controls persist.
China to Monitor Banks' Daily Loan-To-Deposit Ratio from June
Chinese commercial banks may have to report their average daily loan-to-deposit ratios on a monthly basis from June this year, as the banking regulator specifies regulation on lending activities.
Fitch Cuts China's Yuan Debt Outlook to “Negative”
Rating agency Fitch on Tuesday downgraded the outlook on China’s currency debt rating to “negative” from “stable,” and sustained the current rating at “AA-.”
IMF Says Chinese Economy to Grow 9.6Pct in 2011, 9.5Pct in 2012
Economists at the International Monetary Fund say growth in China is projected to be robust at 9.6 percent this year and 9.5 percent in 2012.
Chinese Yuan Hits New High; Pressures Remain
Chinese yuan continued its upward strength Monday despite a weaker-than-expected trade deficit data recorded in the first quarter, while pressures for yuan’s revaluation are still lingering.
China Posts First Quarterly Trade Deficits on Higher Imports
China has posted its first quarterly trade deficit in seven years, with imports rose to a new high, according to the customs data released Sunday.
The Pace of RMB's Appreciation Depends on Inflation Rate: Justin Lin
World Bank Chief Economist Justin Lin said the pace of Chinese currency’s appreciation depends on the country’s inflation situation, which will inevitably influence the government’s decision.
China Raises Fuel Prices to Rein in Consumption Growth
The ceiling for gasoline prices will rise by 500 yuan a metric ton and that for diesel price will increase by 400 yuan and the two largest oil refiners will no longer enjoy refining subsidiaries.
China Hikes Interest Rates by 25 Basis Points, Indicating Higher Infaltion
China raised the one-year rates for loan and deposit by 25 basis points from Wednesday, the second of such hikes this year, as the government stepped up efforts to curb inflation.
China PMI Rises to 53.4Pct in March, HSBC PMI 51.8
China's official Purchasing Managers Index (PMI) rose to 53.4 percent in March from 52.2 in February; HSBC PMI nudged up slightly to 51.8.
Top Monetary Official Urges a Farewell to "Negative Interest Rates" This Year
China will probably continue raising key interest rates, sending the real rates to the positive territory, China Securities Journal reported, citing a top monetary regulator.
Beijing Unveils 2011 Housing Price Targets, Among other 42 Cities
Beijing Municipal government Tuesday unveiled its long-awaited new residential property price target -- stable with a slight decline.
China Trade Deficit Could Continue into April: Morgan Stanley
The negative trade balance figures in China could continue in March, while last into April, narrowing full year’s trade surplus to 100 ~ 110 billion U.S. dollars.
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