Tag: China

Friday, April 15th 2011 - 18:50 UTC
China’s 3 trillion USD reserves intensify debate on Yuan convertibility

China's foreign exchange reserves exceeded the mark of 3 trillion US dollars for the first time at the end of March 2011, representing an increase of 24% from a year earlier. China retains the world’s leading position in forex reserves, according to data released by the country’s central bank.
Friday, April 15th 2011 - 18:44 UTC
Top banker predicts speculative inflows will continue; China’s stats not so rosy

Speculative money continues to flow into emerging markets, including China, and the situation is likely to continue over the long term, a top executive of China's largest commercial bank said Friday.
Friday, April 15th 2011 - 05:31 UTC
China’s March inflation fastest since 2008; further tightening anticipated

Inflation in China accelerated in March to the fastest rate since 2008, despite government efforts to cool prices. Consumer prices rose by 5.4% in March compared with a year earlier, the National Bureau of Statistics said. In February, the annual figure was 4.9%.
Thursday, April 14th 2011 - 19:54 UTC
BRICS calls for new global monetary system with less reliance on the dollar

The BRICS group of emerging-market powers kept up the pressure for a revamped global monetary system that relies less on the US dollar and for a louder voice in international financial institutions.
Thursday, April 14th 2011 - 19:47 UTC
Argentine soy-oil industry diversifies markets following China’s ban

China is far from normalizing soy-oil purchases in Argentina since it has not placed new orders according to the Argentina Cooking Oil Industry Chamber, CIARA. However the industry has managed to diversify markets.
Wednesday, April 13th 2011 - 04:30 UTC
China and Brazil agree to further expand their strategic partnership

China and Brazil on Tuesday clinched a host of government agreements and economic deals in Beijing to enhance their strategic partnership as Brazilian President Dilma Rousseff paid her first state visit to China.
Tuesday, April 12th 2011 - 16:34 UTC
China opens to Brazilian pork and meat distribution hubs in six main cities

China opened its market to Brazilian pork and Brazil’s meat packer Marfrig said it would invest heavily in distribution centres in China. The announcements were made in Beijing where a numerous government and private sector delegation headed by Brazilian president Dilma Rousseff is on an official visit to China.
Tuesday, April 12th 2011 - 16:13 UTC
China to keep buying Spanish public debt and invest in financial industry

China will invest in Spain’s savings-bank industry and continue buying public debt, a Spanish government official cited Chinese Premier Wen Jiabao as telling Prime Minister Jose Luis Rodriguez Zapatero at a meeting Tuesday in Beijing.
Monday, April 11th 2011 - 21:09 UTC
Brazil aware its relation with China raises the risk of “Dutch Disease”

President Rousseff arrived in Beijing Monday to begin a state visit to China that will incorporate Thursday’s summit of BRIC leaders. However Ms Rousseff’s trip to China is symbolically important since it is her first overseas visit outside Latin America and underlines the growing importance of the Brazil/China relationship, points out Capital Economics.
Monday, April 11th 2011 - 19:49 UTC
China plans to invest 10 billion USD in soy production and processing in Brazil

China plans to invest ten billion US dollars in the production, storage and transport of soybeans in Brazil to ensure the supply of the commodity of which it is the world’s main importer, according to press reports in Beijing.