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A s China's low currency helps drive its economic recovery, its success is sparking resentment among neighbouring countries. Full Article at Globe and Mail
Related Articles
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Oct. 29 (Bloomberg) -- Baoshan Iron & Steel Co. , China’s biggest steelmaker, posted its highest profit in four quarters on lower costs and as a government stimulus package bolstered demand from makers of automobiles and appliances. Full Article at Bloomberg.com
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SHANGHAI'S key stock index reversed earlier losses today as brokerages performed strongly. The benchmark Shanghai Composite Index added 0.33 percent to close at 3,031.33 points, after touching a low of 2,974.26 points. Full Article at Shanghai Daily
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Oct. 27 (Bloomberg) -- Yuan forwards declined as China’s central bank indicated it will seek to maintain a stable exchange rate against the U.S. dollar, which today advanced against both the euro and the yen. Bonds were little changed. Full Article at Bloomberg.com
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AFP - China will maintain a weak yuan until its export sector has recovered from the global crisis, prioritising concerns at home despite growing pressure from its major trading partners, analysts say. Full Article at France 24
Related Quotes
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It's becoming clear to the Chinese government the benefits of having a stronger currency, so I think when they do move, they'll appreciate it
SOURCE: Globe and Mail -
At the end of the day, they're going to look at what's in their interest when they make their move
SOURCE: Globe and Mail -
They are nervously watching what happens going forward. They don't want to lose any more competitiveness to Chinese exports
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Before the end of this year, we’re likely to see one more rally given strong fund flow and portfolio rebalancing
SOURCE: Bloomberg.com
