Emerging Markets to Hold Half of Global Growth by 2025: WB
Emerging markets including China, Brazil, India, Indonesia, South Korea and Russia will contribute more than half of global growth by 2025, from the current one third, a recent World Bank study showed.
Zhu Min a Possible Candidate to Replace Kahn: Media
Zhu was both listed as a possible candidate by BBC and AP, with many anticipating emerging markets' growing voice at the IMF.
China Cut U.S. Debt Holdings for Five Consecutive Months
China cut its holdings of U.S. Treasury debt for the fifth consecutive month since last November by 9.2 billion U.S. dollars in March.
IMF Chief’s Mysterious Arrest Raises Suspicions
The abrupt arrest of Dominique Strauss-Kahn, head of the International Monetary Fund, has raised various suspicions at a critical juncture of the restructuring of debt in Greek, considering the huge stock of global forex market.
China Trade Surplus May Drop to $100Bln, Official
China’s trade surplus this year is expected to drop to 100 billion U.S. dollars, or roughly 1-1.5 percent of GDP.
China Lifted Japanese Bond Holdings by 234.5Bln Yen in March
China has become the largest overseas holder of its long-term bonds and notes, after it bought another 234.5 billion yen of long-term bonds in March.
China Vice Premier Li Calls for Global Cooperation in Curbing Inflation
Chinese Vice Premier Li Keqiang Thursday called for a reduction of disorderly global capital flows and defenses against global inflation.
8Pct of Chinese Foreign Trade to be Settled in Yuan, Says Bank Regulator
Eight percent of China’s cross-border transactions with foreign companies will be settled in the Chinese currency, the yuan or renminbi this year.
Chinese Inflation Rose 5.3Pct, New Loans Grew 17.5Pct in April
CPI grew 5.3 percent in April; PPI ups 6.8 percent and new bank lending dropped 20.8 billion yuan from March to 739.6 billion.
China April Real Exports Stronger than Expected: Economists
Exports grew 29.9 percent to 155.69 billion U.S. dollars in April while imports rose 21.8 percent to 144.26 billion, bringing a trade surplus of 11.43 billion.
China's Vice Premier Calls for Fair Trade Access into America
Chinese Vice-Premier Wang Qishan on Monday has called for a fair trade access for Chinese companies into the American market, expressing worries that economic ties may be strangled by politics.
Investment, Trade Issue to dominate China-U.S. Talks May 9-10
Topics on trade and investment will dominate the annual China-U.S. high-level talks to be opened today, analysts say.
China Mulling Stronger Yuan to Curb Inflation, Says U.S. Officials
China is mulling a stronger yuan to curb inflation, echoing the United State’s appeal to let the yuan appreciate faster.
Chinese Yuan to Overtake Pound as 3rd Currency for Trade
Chinese yuan is expected to replace the British pound sterling as the third most popular currency for trade settlement globally in the next half year.
Forex Reserves is Main Source of Excess Liquidity, Says Central Bank Vice Governor
The huge stockpile of foreign exchange reserves in China is the main source of excessive liquidity in the country, says central bank Vice-Governor Yi Gang.
China Deducts $94Bln of U.S. Long-Term Corporate Bonds Holdings
China had deducted its holdings of U.S. long-term corporate bonds including those issued by Fannie and Freddie by a significant 94 billion U.S. dollars ending June 2010.
Demise of Bin Laden Tumbles U.S. Equity, Bolsters Gold Monday
The news of Bin Laden's death has sent the U.S. equity high at Monday’s opening, but slumped as the fall of crude oil prices lead to an overall decline of energy stocks. The price of gold future hit a record high on the same day.
April HSBC PMI at 51.8, Indicating Moderate Manufacturing Growth
China's manufacturing activities are held steady in April, while factory inflation dropped to an eight-month trough.
China Vows to Advance Yuan Revaluation, Says U.S. Congressman
U.S. lawmakers were quoted as saying that they had been assured from China to let its currency continue rising against the dollar.
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