(Reuters) - In two years of tough negotiations to create the new BRICS development bank, the main stumbling block was not a lack of resources or commitment, but fellow partner China.
Showing posts with label Yuan. Show all posts
Showing posts with label Yuan. Show all posts
Thursday, July 17, 2014
Sunday, March 2, 2014
China targets speculators as yuan slides again
China let its currency fall sharply again Friday, sending another clear message to speculators that the yuan is not a one-way bet.
Tuesday, June 28, 2011
Yuan Forwards Weaken as Global Slowdown Tames Inflation Outlook
Yuan forwards weakened, extending last week’s decline, as signs global economic growth is losing momentum damped China’s inflation outlook, easing appreciation pressure on the currency.
Premier Wen Jiabao said he’s confident China will keep inflation at or below 5 percent this year, although it will be difficult to meet the official target of 4 percent, according to a Radio Television Hong Kong report today. Wen also said economic growth may exceed 8 percent this year, compared with 10.3 percent in 2010, according to the report. Global commodity prices have fallen more than 8 percent in the past two weeks.
Premier Wen Jiabao said he’s confident China will keep inflation at or below 5 percent this year, although it will be difficult to meet the official target of 4 percent, according to a Radio Television Hong Kong report today. Wen also said economic growth may exceed 8 percent this year, compared with 10.3 percent in 2010, according to the report. Global commodity prices have fallen more than 8 percent in the past two weeks.
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