Exchange Rate

will take comprehensive measures to promote export China logistics and purchasing Union June 1 figures pointed out that the May National manufacturing new export orders to break through the first 50% of the expansion of the critical point, including clothing shoes, hats, chemical fiber, electrical and mechanical industries such as exports to become better, but a number of relevant associations of people told reporters,　　Actual exports will still be negative year-on-year in May.　　This reporter learned that many associations recommend the state to introduce new policies to stimulate exports, such as the Iron and steel Industry Association and other recommendations, step, the high-end products of the export tax rebate rate increased to 17%. From China Logistics and Purchasing Association ...

-Evening news report yesterday, the dollar index, measured at trade-weighted levels, fell below 74.50 per cent, its lowest level since the beginning of August 2008, with the euro decisively breaking a 1.5050 dollar peg against the dollar, and the dollar also plunged to a 16-month low against the yen. According to data released by the People's Bank of China, as at the end of September 2009, our foreign exchange reserves balance has reached 2.2726 trillion U.S. dollars. However, because the external storage structure is not disclosed, the general view of the market, in China's foreign exchange reserves, the dollar assets accounted for about 70%, the yen is about ...

Mr. Zhou, who works for a subsidiary of a large Hong Kong-funded company in Dongguan, saw what he had been puzzled about 2007 years ago: By purchasing raw materials, ordering products, and investing projects with subsidiaries, under different nominal contracts, the parent company based in Hong Kong continues to remit funds to the company's account,　　The parent company does not extract what is required for the order, even if the parent company's order product does not even produce its own company's factory. This time the renminbi is going to appreciate again. "Mr. Zhou has had experience. He judged that through the bank accounts of the mainland subsidiaries, the parent company's remittances could be taken up by RMB appreciation ...

In Pudong Zhangjiang Central Branch Road exit, there is a 700,000 square meters of planning land, around a meter high weeds surrounded by three newly built high-rise buildings, the bare steel and cement does not have any special place, but the name of the "Grand Youth" in the real estate is implanted in the Internet gene: the acceptance of bitcoin payment purchase. Bitcoin to buy a house is not a dream to enter the "Grand Youth" in the sales hall to see the face of the wall posted a notice, it said: Today Bitcoin market 1:2,100, that is, 1 Bitcoin can be used as 2100 yuan, "Sheng ...

Experts interviewed yesterday said the US statement suggested that the US could intensify trade frictions against China in the near future, but that does not change the trade structure of the two countries.　　At the same time, the trade-related issue of the renminbi is short-lived, and the US will continue to seek help from the renminbi as worries over European debt recede.　　Uibe, director of China-US Trade and Economic Research Center Weiwen said, first of all, the United States to export and exchange rates should not, the United States to open China and other countries in the market can be achieved by improving the core competitiveness of products. Chinese Academy of Social Sciences China economy ...

Xinhua News (reporter Zooying) this morning, the Audit Commission in the announcement of the "Beijing Olympic Games financial revenue and expenditure and Olympic venues construction project tracking audit Results", the audit department of Fixed Assets Investment Auditing division in charge of this announcement answered the reporter questions, in response to the Beijing Olympic Games is "the most expensive" Olympic questions The official said that according to fixed exchange rate calculation, the Beijing Olympic Committee's expenditure scale is lower than the previous Olympic Games, and the next Olympic Games budget scale is also higher than the Beijing Olympic Games.　　Therefore, the Beijing Olympics is not the most expensive Olympic Games. Problems with the trial with the correction of saving a lot of ...

Chen Deming, Commerce minister, said at a press conference yesterday that the overall situation of China's foreign trade was generally optimistic, but there were still some uncertainties. He also pointed out that China's export growth could come down this year as a result of the risk factors for the global economic recovery and the continued rise in domestic labour and raw material costs. However, with the promotion of domestic industry and the related import facilitation policy, China's import growth rate will be higher than exports.　　As a result, he predicts a further decline in China's trade surplus as a share of GDP in the future, and perhaps even a trade deficit in some months this year. In fact, this direction with the government down ...

Securities Times Zhong In recent days to create a new stage, the mainland shares yesterday a small correction, and Hong Kong shares continue to be in the 18,000 point mark on the consolidation, the Hang Seng AH shares premium index continued to rebound.　　In the A+h shares, A shares continue to go up and down less, while the H-shares are mostly continued weak, yesterday close prices (all consider the exchange rate factor) AH price upside down shares only Anhui conch (00914.HK) one.　　Industry insiders said that at present, the H-shares and a-share price gap is narrowing, the shares in contrast to the H-share premium from the full positive only one step away. Overflow ...

Yesterday, Wen Jiabao and European Union leaders attended the closing ceremony of China-EU business summit. Xinhua News agency, China's Central European summit yesterday criticized Trade protection unfairly forcing the renminbi to appreciate trade protection is actually restricting the Chinese development focus China-EU summit Chinese premier Wen Jiabao said November 30 that some countries now demand a revaluation of the renminbi, on the other hand, the introduction of a variety of trade protectionism in China　　, which is unfair and in fact restricts China's development. Wen Jiabao, after the 12th meeting of China-EU leaders, with the EU rotating presidency of the Swedish Prime Minister ...

Absrtact: Today, Sony released its financial results for the third quarter of fiscal year 2014 (October 1, 2014 to December 31, 2014), its sales revenue reached 21.139 billion U.S. dollars, an increase of 6.1% per cent, operating profit of 1.474 billion U.S. dollars, compared to the increase of 760 million U.S. dollars. It is noteworthy that, today, the company released the third quarter of fiscal year 2014 (October 1, 2014 to December 31, 2014) earnings, its sales revenue of 21.139 billion U.S. dollars, the year-on-year growth of 6.1%; operating profit 1 ...

After the Hong Kong stock market regained its 18,000-point mark last week to break the five-poor spell, Markets said it had an opportunity to continue to climb up this week. The hot money is still in Hong Kong treasure hunt, last week, the deal continued to match, combined with U.S. stocks on the Friday end of the city suddenly pumped high.　　The closing price of blue-chip ADR (US pre-stock), today as the first trading day of June, is a big opportunity to red. The index rose 2,651 points or 17% in May, imposing a rainbow. Stocks in Friday also ended the last trading day in May, and the buying all emerged within half an hour before the close of the market, making the three indices-the Dow 、...

This newspaper Guangzhou Electric (reporter Shost Wang Yu) Commerce Minister Chen Deming 1st toured the China foreign Trade "barometer" and "vane" of the Canton Fair.　　In an interview with reporters, he said that the current situation of China's foreign trade in the overall stability of the recovery phase, to a good development trend, but there are still many uncertainties, the future of China's relevant economic policies and the renminbi exchange rate will continue to maintain overall stability, to the stability of the expectations of enterprises. In the day after the interview, Chen Deming said, from the current Canton Fair situation, China's foreign trade has a steady rebound momentum, but also to see, the current ...

China News agency, Beijing, March 10 (Xinhua Zhao Jianhua Liu Yuying) on the February surge in China's exports, the Chinese Ministry of Commerce, the former deputy minister Wei suspected that this is temporary, not normal.　　"Significant replenishment of overseas importers has led to growth in Chinese exports," he said.　　China's exports surged 45.7% per cent year-on-year in February, according to Chinese customs 10th, even as China's exports grew by 8.2% compared with the February 2008 before the financial crisis, when exports grew strongly. In Beijing, the National Political Consultative Committee of the third session of the Gap, as members of the CPPCC ...

such as inflation seriously recommended the opening of small deposits Pauling newspaper Beijing, March 7 (reporter Tian Junyong) deputy chairman of the National People's Congress, the former vice president of the People's Bank of China Xiaoling today in response to this reporter asked questions, deposit reserve ratio there is room for adjustment. Xiaoling said the space for reserve ratio increases depends on whether the increase in reserve ratio will make a big impact on commercial banks financially. "At present, the deposit reserve ratio of large banks is 19.5%, even if reached 20%, means that commercial banks absorb 100 yuan, but also can be used to lend 80 yuan, so I think to ...

On the eve of Mr Obama's visit to China, Lin Yifu, the first Chinese to be the World Bank's chief economist, fully elaborated on his position on the revaluation of the renminbi and resolutely opposed the push to let the renminbi appreciate to restore the balance of the world economy.　　In a speech to the University of Hong Kong in Monday, Lin said the appreciation of the renminbi could not help rebalance the global economy, but would hamper the global recovery, the Wall Street Journal reported. Earlier, the seven industrialized countries (G7) said excessive exchange rate volatility would have adverse consequences and urged China and Asian emerging markets to allow their currencies to appreciate. Including Europe ...

U.S. Treasury Secretary Timothy Geithner will begin his visit to China on May 31, and will meet with Chinese President Hu Jintao and Premier Wen Jiabao, who are expected to discuss the U.S. budget deficit and China's investment in US Treasury bills, but are not expected to raise the currency issue. According to Taiwan's "Central Society" 28th, Mr. Geithner's visit will be his first visit to China after his tenure as finance minister.　　U.S. Treasury officials point out that he will also discuss with Chinese officials the issue of reducing emissions, in addition to the interests of U.S. companies. The report said that when the U.S. Senate reviewed Geithner's nomination this January, he had ...

China Eastern Airlines acquisition of the event progress yesterday, St Eastern Airlines and St on the opening of the trading, trading volume is 98 hands and 61 hands. The plan is consistent with the outside world, Oriental Airlines Co., Ltd. (hereinafter referred to as "Eastern Airlines") yesterday announcement, will be replaced by the merger of Shanghai Airlines Co., Ltd. (hereinafter referred to as "airlines"), the proportion of 1:1.3. Upon completion of the merger, the company will terminate the listing and cancellation of legal personality, but can still retain its independent brand operations. After the merger of the new Eastern Airlines will surpass China International Aviation Co., Ltd. to become the second largest airline, fleet size Super ...

Interview the Ministry of Commerce "official report" participant Guo Lichen Foreign Trade "10 multiplier" strategy how to produce?　　What changes will be brought about?　　Yesterday, just from the Canton Fair "national Transformation of Foreign Trade Development Mode report" returned to the scene of the Ministry of Commerce International Trade and Economic Cooperation, Dean Jianguo as "post-crisis era of China's foreign Trade Development Strategy," one of the subjects, accepted the "first financial daily" interview and "strategy" to interpret. The Ministry of Commerce's International Trade and Economic Cooperation Institute 18th released the "Post-Crisis era of China's foreign Trade Development Strategy Study" report, the "official report" to mention ...

Dollar assets have been a big play in China's vast foreign-exchange reserves, and fears of shrinking reserves have persisted as the dollar weakened.　　However, such concerns have suddenly intensified. The dollar fell sharply after nearly 3 weeks of narrow fluctuations in the external reserve: November 26, The dollar index, measured at trade-weighted levels, fell below 74.50 per cent, its lowest level since the beginning of August 2008, with the euro decisively breaking a 1.5050 dollar peg against the dollar and a sharp decline in the dollar against the yen, hitting a 16-month low. The trend of this accelerated devaluation of the dollar is not ...

Absrtact: Quanzhou Foreign trade shows steady growth situation Zi Zhongping said that this year Quanzhou overall foreign trade situation is relatively good, and presents a stable growth situation. January-August Our city foreign trade export 74.42 billion yuan, growth 19.5%, the trade surplus is 21.95 billion yuan; August month exports 11.08 billion yuan, the growth Quanzhou foreign trade assumes the steady growth situation Zi Zhongping said, this year Quanzhou overall foreign trade situation is relatively good, and presents the steady growth situation. January-August Our city foreign trade exports 74.42 billion yuan, the growth 19.5%, the trade surplus is 21.95 billion yuan; August month exports 11.08 billion ...