China
China world's leading emerging market...
“I’m not optimistic about the exports this year,” said Yu Jianhua, a Ministry of Commerce director general, after a press conference during the Group of 20 meetings in Toronto. “It’s essential for exporters to cut cost and keep their share in the world trade market.”
Exports climbed 17.7% from a year earlier, the first increase in 14 months, and imports jumped 55.9%,. Year-on-year comparisons are affected by declines from late 2008 as the global credit crisis deepened.
Chinese Premier Wen Jiabao said the government will cool property prices, resist pressure for the yuan to appreciate and keep inflation at “reasonable” levels.
China’s property prices climbed last month at the quickest pace since July 2008, adding to concern that record lending and inflows of money will inflate asset bubbles in the world’s fastest-growing major economy. Central bank adviser said Nov. 18 that the nation needs to be on alert for stock, real-estate and commodity bubbles as global capital flows into emerging economies.
Read more: Chinese Premier Wen Pledges to Cool China Property Prices, Resist Yuan Pressure ...
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MyForexTime Twitter Updates
28.06.10
USA Personal income increased $53.7 billion...: http://digg.com/d31VHqK?t
28.06.10
Wall Street Hiring Jumps Most Since 2008...: http://digg.com/d31VHpY?t
28.06.10
G-20 Leaders Responds to European Debt Crisis With Deficit..: http://digg.com/d31VGbb?t
28.06.10
USA Q1 2010 Personal Consumption out at 3.0%...: http://digg.com/d31VGbQ?t
28.06.10
Advanced G-20 Countries economies will aim to halve deficits by 2013 and start to stabilize their debt-to-output ratios by 2016...
28.06.10
Today morning European session start with Sweden’s household lending and trade data followed by the series of German states reporting CPI...
28.06.10
The G-20 has to bridge a gap between leaders such as German Chancellor Angela Merkel who favor budget cuts and USA President Barack Obama...
28.06.10
China’s pledge of a more flexible Yuan will reduce the China’s exports in 2010-11, adding to difficulties that include the European debt...
28.06.10
The Bank Of England's (BOE) Financial Stability Report adopted a cautious tone, noting that...
28.06.10
Real GDP -- the output of goods and services produced by labor and property located in the US, increased at an annual rate of 2.7%...
15.04.10
Bernanke reiterated that he anticipates keeping US rates low: http://digg.com/d31OWyQ?t
15.04.10
US crude oil prices rose for the first day in six as US...: http://digg.com/d31OWxx?t
09.12.09
U.S. Dollar bulls have more to hope for in the short term...: http://digg.com/d31CIlQ?t
07.12.09
We expect that OPEC will leave oil production targets unchanged following the 22 December OPEC meeting...: http://digg.com/d31C3MY?t
04.12.09
European central bank left all three policy interest rates..: http://digg.com/d31Bmq0?t
03.12.09
USA ADP national employment report showed that private sector payrolls fell by 169,000 in November,..: http://digg.com/d31Bgam?t
03.12.09
Beige Book Informal review by the Federal Reserve Banks...: http://digg.com/d31BgVw?t
02.12.09
The Gold price jumped higher last night, The gold price peaked at above USD1,200/oz....: http://digg.com/d31BbAV?t
01.12.09
U.S. Dollar clawed back some of its losses...: http://digg.com/d31BVmY?t
01.12.09
The RBA rate meeting panned out as expected, with the RBA hiking rates another 25bp for the third meeting in a row http://digg.com/d31BVeM?t
