U.S. Stocks Rally as China Reaffirms Its Support for Europe

Shared by Henry

China’s commitment should bring about a short-term risk appetite sentiment in the absence of negative news from European governments.

U.S. stocks surged, with the Dow Jones Industrial Average moving back above 10,000, as China affirmed its commitment to investing in Europe, allaying concern that the debt crisis will worsen.

China’s Former Richest Man Huang Guangyu to Begin Bribery Trial

Shared by Henry

This is what you get when you do insider trading in China, and you won’t get out of this like Martha, as death sentence is not off the table…
Huang Guangyu, the founder of Hong Kong-listed Gome Electrical Appliances Holdings Ltd. a…

China says yuan appreciation expectations rising

Shared by Henry

This is another report on the possibility and probability of Yuan appreciation. I’d say it could happen this year.
BEIJING (Reuters) – China might see increased foreign exchange inflows this year as expectations of yuan appreciation…

Yuan Gains May Help China Vault Past Japan to Be No. 2 Economy

Shared by Henry

This future is clearly in the hands of China and Australia and New Zealand could benefit greatly from their association with China… With CNY on the verge of appreciation, CNY could become the new reserve currency (ok that’s a bit f…

China Raises Home Mortgage Rates

Shared by Henry

Another sign of inflation problem in China, adding more pressure to raise CNY.
China’s cabinet raised minimum mortgage rates and down payment ratios for some home purchases, saying “more forceful” steps are needed to cool specu…

China to Reform Exchange Rate on Own Needs

Shared by Henry

More of the same rhetoric. Recent chinese deficit in their trade balance number means that demand for Chinese goods in China is rising, and that means haveing a stronger Yuan will ultimately benefit China. But just to not appear “w…

China Economy Grows 11.9%, Pressuring Wen on Yuan Peg (Update1)

Shared by Henry

interesting article, definitely worth reading in my opinion.
China’s economic growth accelerated to the fastest pace in almost three years in the first quarter, adding pressure on Premier Wen Jiabao to sever the yuan’s peg to the…

China Signals Caution in Stimulus Exit Even Amid ‘Rapid’ Growth

Shared by henry

Interesting article, this could affect views on AUD and possibly bring down the bullish sentiment a notch or two.
China’s cabinet said “rapid” first-quarter growth was largely driven by stimulus spending and a comparison with a…

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