A Tale of Two Currency Areas
The euro was always a big gamble, a grand experiment. Historical efforts at monetary union have sometimes collapsed, and sometimes they have survived multiple crises.
Moscow Airport Blast Kills at Least 35
A suicide bomber blew himself up Monday at Domodedovo airport, killing at least 35 and wounded more than 180.
China May Hike Rates in February: Industrial Bank
China could further raise interest rate in February to combat rising inflation that is likely to send CPI to a new high.
ICBC to Acquire 80Pct Stake in Bank of East Asia Network
Industrial & Commercial Bank of China Ltd., has agreed to acquire 80 percent of stake in Bank of East Asia Ltd.’s U.S. operations, the first foray into the U.S. market.
Over $100 Bln Deals in Two Months, as Chinese Leaders Toured Overseas
More than 100 billion U.S. dollars worth of deals had been signed during Chinese leaders’ visits to the United States, Europe, India and Pakistan in the recent two months.
“China Understands a Stronger Yuan is in Its Best Interest”: U.S. Biden
China understands a stronger yuan is in its best interest though President Hu Jintao made no specific commitment to let the currency rise more rapidly.
A People's Economics
The boom in popular economics comes at a time when the general public seems to have lost faith in professional economists.
Chinese Economy Sets to grow 9.3Pct, CPI Rose 4.3Pct in 2010: Reuters Poll
GDP growth in 2011 is projected at 9.3 percent, and inflation will rise 4.3 percent ,according to Reuters poll.
China GDP Rose 10.3Pct, CPI Up 3.3Pct in 2010 – Statistical Data
China’s economy grew 10.3 percent year-on-year in 2010 while inflation rose 3.3 percent from the previous year.
China, US Wrap $45Bln Deals During Hu's State Visit – Media
China and the United States on Wednesday agreed on $45 billion in U.S. export deals, including a 19 billion deal for Boeing aircraft.
China-U.S.Joint Statement--Full Text
China and the United States on Wednesday issued a joint statement, promising to cooperate on a wide range of issues.
China Cut U.S. Treasury Holdings by 11.2Bln in Nov.
China retained the first spot of U.S. foreign holding list with 895.6 billion U.S. dollars, even after November’s reduction.
President Hu Starts Four-Day State Visit to US
Chinese President Hu Jintao arrived in the United States on Tuesday for a four-day state visit.
China Trade Surplus in 2010 Down 6.4Pct
China’s trade surplus in 2010 narrowed by 6.4 percent, largely driven by rising global commodities prices.
China Central Bank Suspends Bill Sales Against Rising Rate Hike Expectation
The suspension of central bill sales will slightly offset the negative impact caused by rising deposit reserves in banks.
Demand or Supply?
Instead of constantly trying to boost spending and potentially creating problems for the future, a more sustainable way to improve job growth is to facilitate the “re-skilling” of the unemployed, especially those who were in construction-related jobs.
Fan Gang: Gradual Appreciation Eases Inflation
Former Chinese central bank advisor suggested gradual appreciation of the yuan as one of the alternatives to ease inflation pressure.
ECB, BOE Leave Interest Rates Unchanged
The European Central Bank left rates on hold at a record low of 1 percent, which has been unchanged since 20 months ago.
Conference Board Nov. China Leading Indicator+0.7Pct
The Conference Board Leading Economic Index for China accelerated 0.5 percent in November to 155.4 (2004 = 100),suggesting continuing growth through the first half of 2011.
CNHTC Jinan Truck's Unit Involved in Qilu Bank Fraud
CNHTC Jinan Co Ltd. said on Thursday a subsidiary was involved in the Bank of Qilu's commercial paper fraud that could threaten the repayment of 500 million yuan worth of deposits.
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