For workaholics worldwide,several Asian markets opened for business Monday morning with mixed results.The Japanese Nikkei rose 1.06;Shanghai was down 0.28;Korea's KOSPI dropped 0.53;and the Thailand SET edged 0.17 higher.Australia,Singapore and Hong Kong remained closed for Boxing Day,the day after Christmas.
Gold and silver were flat in early Asian trading.
In FX trading,the Korean won rose on optimism about the global economic recovery.
Rubber was at a two week high on the U.S. demand outlook.Shanghai copper dropped for the first time in a week and Chinese rubber is expected to grow more slowly on the Chinese demand outlook.Japan's Hitachi Construction Machinery predicted Chinese first half 2012 sales would be disappointing.
Chinese President Hu Jintao met Japan's Prime Minister Yoshihiko Noda in Beijing.
Showing posts with label President Hu Jintao. Show all posts
Showing posts with label President Hu Jintao. Show all posts
Sunday, December 25, 2011
Sunday, December 11, 2011
Chinese Trade Suffers From Euro Crisis-and how this could affect you
Chinese exports are slowing down and its trade surplus is shrinking,newly released figures show.China's export growth fell to 13.8% in November-the least growth since December 2009.Its trade surplus dropped to 14.5 billion dollars,down from 17 billion in October and below the estimate. This is a result of slowing demand from China's European trading partners because of the current debt crisis,as well as a hesitant U.S. consumer from the weak employment picture.
China is observing its 10th anniversary of joining the World Trade Organisation.President Hu Jintao said China will not deliberately pursue a trade surplus.China has fulfilled its promises to the World Trade Organisation.We will work hard for a balance of payments.China has some unbalanced and unsustainable elements that have to be improved,Mr.Hu admitted,responding to European and U.S. criticism.
As for the slowdown in export growth,Chinese officials said China may continue cutting bank reserve requirements in order to stimulate growth by encouraging lending.China must keep growing at a robust pace to provide jobs for its rapidly urbanising population.
A slowdown in China could have negative implications for the many large U.S. multinational corporations,such as Ford Motor,General Motors,General Electric and Wal-Mart,who rely on China for a portion of their own growth now.A deterioration in business conditions in China may hinder the U.S. economy in consequence of globalism.
iShares Trust FTSE/Xinhua China 25 index(FXI)
China is observing its 10th anniversary of joining the World Trade Organisation.President Hu Jintao said China will not deliberately pursue a trade surplus.China has fulfilled its promises to the World Trade Organisation.We will work hard for a balance of payments.China has some unbalanced and unsustainable elements that have to be improved,Mr.Hu admitted,responding to European and U.S. criticism.
As for the slowdown in export growth,Chinese officials said China may continue cutting bank reserve requirements in order to stimulate growth by encouraging lending.China must keep growing at a robust pace to provide jobs for its rapidly urbanising population.
A slowdown in China could have negative implications for the many large U.S. multinational corporations,such as Ford Motor,General Motors,General Electric and Wal-Mart,who rely on China for a portion of their own growth now.A deterioration in business conditions in China may hinder the U.S. economy in consequence of globalism.
iShares Trust FTSE/Xinhua China 25 index(FXI)
Sunday, April 18, 2010
Staying On The Story:The Dalai Lama Appeals
The exiled Tibetan spiritual leader,the Dalai Lama,has appealed to the Chinese authorities to allow him to visit his earthquake-ravaged homeland,Qinghai Province,in order to aid the distressed populace.China's President,Hu Jintao,made an impromptu visit to the Tibetan Plateau region himself on Sunday,cutting a South American visit short.Mr.Hu encouraged rescuers,who have been dealing with harsh conditions in the remote area some 4,000 meters above sea level-or 13,000 feet-to continue their lifesaving work.We must treasure each life,he said.In a photo opportunity,Mr.Hu embraced an injured Tibetan woman lying in a field hospital.The death toll from Wednesday's quake has risen to 1706,with 256 missing,12,000 injuries and 100,000 left homeless by the magnitude 6.9 earthquake.
Red-robed Buddhist monks were still digging through the rubble with gloved hands and facemasks,while other monks lit funeral pyres for the dead.Some of their own died in the quake,as well as children.The disaster area has only one main road,but food,water and shelter are now available.Many of the victims,who are mainly ethnic Tibetans,had to spend several nights in the open in the subfreezing weather.One monk remarked bitterly that the official rescue parties were lackadaisical about the task,revealing a simmering resentment toward the Chinese Communist authorities that has boiled over from time to time since they took power in 1959.For Beijing,the earthquake is a security challenge as well as a humanitarian crisis.
It is almost certain that the Dalai Lama's request to visit Qinghai Province will be rejected.Beijing regards him as a separatist,and all attempts at negotiation have failed to this point.The Dalai Lama,a periodic guest at the White House to Beijing's consternation,insists he only wants autonomy for Tibet.He has resided in India since 1959.
Red-robed Buddhist monks were still digging through the rubble with gloved hands and facemasks,while other monks lit funeral pyres for the dead.Some of their own died in the quake,as well as children.The disaster area has only one main road,but food,water and shelter are now available.Many of the victims,who are mainly ethnic Tibetans,had to spend several nights in the open in the subfreezing weather.One monk remarked bitterly that the official rescue parties were lackadaisical about the task,revealing a simmering resentment toward the Chinese Communist authorities that has boiled over from time to time since they took power in 1959.For Beijing,the earthquake is a security challenge as well as a humanitarian crisis.
It is almost certain that the Dalai Lama's request to visit Qinghai Province will be rejected.Beijing regards him as a separatist,and all attempts at negotiation have failed to this point.The Dalai Lama,a periodic guest at the White House to Beijing's consternation,insists he only wants autonomy for Tibet.He has resided in India since 1959.
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