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Posts Tagged ‘China’s’

China’s yuan advances to 6.5883 per USD Monday
The central parity rate of yuan, the Chinese currency, Monday gained 3 points to 6.5883 against the U.S. dollar, according to the China Foreign Exchange Trading System.

Read more on People’s Daily

WRAPUP 8-Deals, currency spat accompany China’s Hu to U.S.
* Hu meets Obama on Wednesday

Read more on Reuters via Yahoo! Asia News

Asia sees opportunity as China’s lustre dims
JAKARTA: Labour costs and the value of China’s currency are sending ripples around Asia as countries jostle to woo manufacturers that are rethinking their Chinese operations, analysts and officials said. Worker unrest at foreign-owned factories and the prospect of higher wage costs are forcing some manufacturers to consider countries such as Bangladesh, India, Indonesia and Vietnam, where wages …

Read more on Business Times

China’s yuan hits new record high against USD
The central parity of the Renminbi (RMB), or China’s currency yuan, strengthened to 6.7720 per U.S. dollar on Friday, a new record high, according to the data released by the China Foreign Exchange Trading System.

Read more on People’s Daily

U.S. Delays Report On China’s Currency
Washington is postponing the release of its semi-annual report to Congress on the currency policies of China and other key trading partners. The report could declare that China is manipulating its currency. By putting off publication of the report, analysts say the U.S. is giving China room to let the yuan rise in value.

Read more on NPR

China’s Currency Stand and Japan’s Lost Decade
As calls grow louder in the U.S. for the Obama administration to pressure China over its undervalued currency, it’s good to check in with William Fung, group managing director of Li & Fung, the giant Hong Kong-based trading company that sources goods from China and other countries for companies …

Read more on BusinessWeek