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| Friday, September 05, 2008 23:51:03 |
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November 10, 2007
-China’s inflation probably increased in October as food prices continued to rise. While many believe that China’s inflation will be short-lived the central bank is taking no chances and over the weekend raised the reserve ratio requirement in all banks by 0.5 percentage points to 13.5%, which is the ninth time this year the ratio has been raise...
November 08, 2007
Comments from Cheng Siwei, vice chairman of the National People's Congress, on Wednesday that the world’s fourth-largest economy would reduce its holdings of US dollar assets contributed to falling stock markets in Asia Thursday, the Financial Times reported. The dollar tumbled to a record low against the euro and a basket of major currencies overn...
-The Shanghai Composite Index tumbled 271.76 points, its worst decline in four months. The decline was led by oil and property stocks who have been battered by rising oil prices and slowing demand in the housing sector. In a sign that China’s housing sector is finally starting to slow VanKe China’s largest property developer reported that p...
November 07, 2007
-China is to diversify its currency reserves into "stronger currencies" according to Cheng Siwei, vice chairman of the National People's Congress. Considering how badly beat up the dollar has been, its probably not such a bad idea. -Following the success of many of China’s largest banks Everbright Bank will go public after a government ...
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