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The Chinese Yuan Has Hit Its Highest Level Since 1993
Sept. 28 (Bloomberg) -- The yuan climbed to a 19-year high on speculation China will step up efforts to arrest a seven- quarter slowdown in the world’s second-largest economy. The currency had its...
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The Most Important Leadership Transition In The World Will Happen On November 8
The 18th National Congress, which marks the leadership transition in China, has been set for November 8, according to Chinese state news agency Xinhua. From Xinhua: The congress is a very important...
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Zhang Ziyi To Take Chinese Rumor Website To Court Next Week
Today has been a huge day for Chinese news (perhaps not a coincidence, as many in mainland China are currently traveling for holidays). But if we ignore the Bo Xilai/Party Conference news for a...
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China Made Two Very Bullish Decisions Last Night
Two big headlines crossed from China this morning: 1) China announced a schedule for its leadership transition and 2) the Communist Party of China booted disgraced former leader Bo Xilai. "Simply put,...
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Check Out The Stunning Two-Page Ad China Daily Took Out In The New York Times
Chinese state-owned newspaper China Daily has this two page advert in today's New York Times. Titled "Diaoyu Islands Belong to China", the article appears in the center of the New York Times' A...
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What Mitt Romney's Tax Returns Say About His Investments In Chinese Companies
HONG KONG — Shortly after the release of Mitt Romney’s tax returns, critics pointed out an apparent contradiction between his tough-on-China rhetoric and several of his investments. This summer,...
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Colombia's Largest Energy Exporter Sees No Slowdown In China
Skeptics of China's GDP data often look to alternative indicators from outside the country for more reliable reads on the economy. One excellent proxy for economic activity is energy demand. The CEO...
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Why Two Chinese Telecom Companies Have A Few Congressmen Completely Freaked...
Cisco Systems has ended a sales partnership with ZTE Corp. after an internal investigation into charges that the company sold Cisco networking gear to Iran, according to Reuters. This comes at the...
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Three Reasons China's Students Are Desperate To Study In America
China's students are becoming a big factor in US colleges — according to one figure, 157,588 Chinese nationals studied in U.S. colleges in 2011, a 23% increase from the year before, and parents are...
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Yum Beats On Earnings And Sees 'Dramatically Improved' Margins In China (YUM)
Yum! reported adjusted earnings of $0.99 per share, against expectations of $0.97 per share. And the company saw margins improve "dramatically" on the quarter. Revenue of $3.57 billion however missed...
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China Slowdown Leads To 1,500 Job Losses At US Engine Company — Stock Tanking
This is exactly what you don't want to see. A major industrial company announcing a slowdown due to China and layoffs in the US. The company is Cummins Engine. The stock is off over 6% after hours,...
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KISSINGER: Xi Jinping Will Massively Reform China
The Washington Post has a great piece on comments former secretary of state Henry Kissinger made while on a panel at the Woodrow Wilson Center. During the panel Kissinger discussed his views on all...
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RICHARD RUSSELL: Here's How China Plans To Take Over The World
Richard Russell, author of the Dow Theory Letters, thinks he's figured out how China will climb to the top of the world. He spoke with Eric King of King World News: As the dollar declines in...
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Two Companies Gave Very Different Takes On The Chinese Economy (NKE, YUM, AA)
It's interesting that US earnings season starts off with Alcoa and YUM because both of those companies are seen as important bellwethers for global growth, and China in particular. Obviously Alcoa is...
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Is This Taiwanese Export Chart The Asia Green Shoot That Everyone's Been...
Is this a nascent sign of re-acceleration in Asia/China? Morgan Stanley's Sharon Lam observes a tickup in Taiwanese exports: Taiwan's exports increased quite significantly, by 10.4% YoY, in September...
View ArticleChina Rolls Out New Set Of Subsidies For Imports And Car Purchases
The Chinese government seems to be ready to roll out some support for the economy, which we can probably call it as fine-tuning. China may announce new round of subsidies programme on auto purchases...
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China 'Snubs' Japan At IMF And World Bank Meeting
China's delegation to the annual meetings of the IMF and the World Bank in Tokyo will not be led by its most senior finance officials, in what looked like a deliberate snub of Japan. According to...
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Forget Those Little Islands: Real Chinese Nationalists Claim Okinawa
In a glass case at Beijing's Imperial College, an 18th century book with a yellowed title page in bold, black characters is evidence -- some Chinese say -- that a swathe of modern-day Japan belongs to...
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3 Signs Of Life In The Chinese Economy
There are signs of new life in the Chinese economy. 1. As we noted earlier, Taiwanese exports spiked 10% in September, much bigger than expected. 2. Reuters reports that September port traffic in...
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On Wall Street Trading Desks, This Is What They're Chatting About Right Now...
What are the big topics of conversation? Michael Block of Phoenix Partners Group sends along the big stories. Romney leads in RCP polls now. He is sending centrists a message on Roe v Wade and other...
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