China Business News
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In a news conference following an annual parliament session today, Premier Wen Jiabao said that China will increase efforts to reform its currency program, in order to allow the yuan to float more freely. Noting that in the Hong Kong market non-deliverable forwards (NDFs) had begun to fluctuate both ways, Wen said that this is an indication that the yuan may be near a balanced level. He went on to offer his assurance that authorities will step-up exchange rate reforms.
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March 29, 2012 — Proper school bus design and maintenance, sound driver qualifications and continual training, a regulatory framework are key factors for a safer school transport. Read More »
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China Business News
Parties Who Purchase Structured Settlements There are a lot of companies and corporations that will purchase structured settlements not only in Canada and the United States wherein such… Hong Kong’s foreign currency reserve assets reached $281.7 billion by the end of October, 2011, up $4.1 billion compared to the end of September, the Hong Kong Monetary… China’s Ministry of Railways said Monday that reports about it hoping to get 800 billion yuan ($126.56 billion) from the government to fund its railway projects were untrue.
China Briefing
This article includes complimentary downloads of the complete USCBC report and a copy of the China Business Handbook Mar. 29 – The U.S.-China Business Council has just issued a report detailing the rise of U.S. exports to China, which have passed the US$100 billion milestone for the first time. According to the report, American exports to China reached a record US$103.9 billion in 2011, with 30 U.S. states now counting China among their top three export markets. As a buyer of U.S. goods, China ranks behind only Canada and Mexico—two immediate neighbors with whom the United States has a regional free-trade agreement.
From Politics & Policy From Companies Rometty Managed Masters Snub With Class, Unlike Augusta National Two women college presidents, joined by a former colleague, denounced Augusta National Golf Club for snubbing IBM CEO Virginia Rometty at the Masters Golf Tournament. She handled the whole affair with dignity. From Global Markets
IBTimes
I don't think Mike Daisey has had any impact on China's labor situation, and I don't expect his current troubles to have an impact either. Ma calls himself a musical Waldo, showing up in unexpected places; others describe him as a giant sponge who absorbs a myriad of influences.
Caijing
21cbh
China’s booming property market is a false prosperity, with strong demand for property created by the wealthy elite. Consumption will overtake investment as the main driver of China’s economic growth in 2012 for the first time in more than a decade, local media reported on Thursday, citing a report by the Ministry of Commerce's research institute. China Construction Bank Corp., (CCB, 601939.SH, 0939.HK), the world’s second-biggest lender by market value, announced its full-year net profit rose 25.5 percent to 169.3 billion yuan (26.9 billion U.S. dollars) in 2011, equivalent 400 million yuan per day. China Minsheng Banking Corporation Ltd. (600016.SH, 1988.HK), the nation’s first non-state lender, said on Monday it would suspend trading of its shares for 1 day to conduct a share placement in Hong Kong.
ChinaFinancial Markets
Welcome back to China Financial Markets. We had trouble with our old host and had to set up a new one. In doing so, however, we lost most of my postings since last August along with the comments. I will be able to set up the posts again, but the comments are probably lost forever, which is a real pity because the comments have made this blog a whole lot more interesting.
Data from over 100 sources as well as proprietary data on key industries. All organized, translated and updated weekly covering city and provincial economies and 10 of China's leading industries.
China Perspective
Song Hongbing says China should push currency integration across Asia, learning from Germany, which gave up the deutschmark but got control of Europe and the euro.
Economic Observer
Founded in 1995, EIN News is an international leader in real-time news tracking and digital information services. Our systems continuously scan the web, indexing news from thousands of worldwide sources. The data is then filtered and organized into news streams. The process is supervised by a team of professional news editors.
Inside China Today
Copyright © 2012 PMR. All rights reserved. PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets.
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China Venture News
© kevindooley The following are some of the leading venture capital firms in the US. Redpoint Ventures is a top venture capital firm that focuses on investments in early stage technology companies. This venture capital firms' portfolio includes leaders in Broadband Infrastructure, Enterprise Software and Cloud Computing, Interactive Media, Content & Advertising, Consumer Internet Services & Applications, and so on. One of the other top venture capital firms is U.S. Venture Partners (USVP), a venture capital investment firm that focuses on investments in various segments, such as semiconductors, storage, wireless, Internet 2.0, etc.China's consumer prices will likely fall in the second half of the year, trimming growth of the consumer price index (CPI) to 4 percent by the year's end, the Bank of Communications said in a report Thursday. US pork exports will jump 23 percent or more this year because of surging demand and prices in China, the world's top consumer, according to Brett Stuart, the co-founder of farm-industry researcher Global AgriTrends. Private enterprises in Zhejiang province, especially small and mid-sized enterprises (SMEs), are speeding up their migration to listed status, said Ernst &Young (E&Y), a leading global tax and transaction service provider. Hong Kong's liquefied petroleum gas (LPG) ceiling prices at LPG stations will range from 4.44 HK dollars (0.57 U.S. dollars) to 4.86 HK dollars per liter in August, down 25 to 26 cents per liter, the city's Electrical and Mechanical Services Department said here on Thursday.