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.
The G-20's Empty Gestures
The same is likely to happen over the next few years as the US reduces its fiscal deficit and thereby shrinks its current-account deficit while China reduces its national saving and thereby shrinks its current-account surplus.
Arrogance and Authority
Around $2 billion was received by the five best-paid individuals, who were also central to creating the highly risky asset structures that brought the financial system to the edge of the abyss.
Yum Plans a Full-Control over China's Little Sheep
World's largest fast food restaurant company Yum Brands Inc. has made a preliminary offer to buy the remaining stake in the Little Sheep.
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.
Reviving a Policy Marriage
Given modern financial systems' demonstrated ability to create (and destroy) liquidity endogenously, financial and macroeconomic stability may become more difficult to achieve if monetary instruments and macroprudential tools are not used in a consistent manner.
Inflationary Pressures Won’t Depress Oil Consumption Growth in China: Official
Consumptions of refined oil products in China will continue rising in 2011, turning its back against amounting inflationary pressures.
Democracy or Finance?
Unfortunately, political disunity in the face of financial pressure always ends up being far more damaging to democracy and the economy than instinctive patriotism.
Innocent Bystanders
A better system to rebalance the world economy is as necessary as it is unlikely. All we can look forward to is the next G-20 communiqué.
China Should Import Deflation
Reconciling growth and fighting inflation is not impossible, but it does require that the government overcome its deep-seated suspicion of opening China's markets to imports.
Seven Chinese Cities Listed as "High Risk" in Latest Property Stress Tests
Seven Chinese cities, including Beijing, Shanghai, Shenzhen, Guangzhou, Chongqing, Hangzhou and Nanjing are listed as “high risk” in the latest banks’ stress test to assess a possible plunge in property prices.
Gome Launched a New E-Commerce Site
Gome’s new e-commerce website will contribute 10 percent of sales of the group within three years.
China Facing Contagious Oil Supply Strains
Gasoline and diesel supply strains have been spreading to most of China on higher price and growing demand.
Damming Capital
The new IMF framework is welcome, but countries will need the freedom to manage their capital account more than ever in the years ahead.
China Bank Regulator Orders a New Stress Test on Property Price Fall
China's banking regulator on Tuesday has ordered financial institutions to conduct a new round of stress test as developers may feel pressures over continuing tightening measures in property.
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 Targets at Annualized Wage Rise of 15Pct
Labor cost in China will continue on the rise, as the government aims at an annualized pay rise of 15 percent, and promises to double workers' wages during the 12th five-year plan that lasts from 2011 to 2015.
How Risky is the Global Economy?
Global economy is caught in a duel between healing and disruptive influences, in which it can ill afford any further intensification of the latter.
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.
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