China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted a slight increase.
China’s holdings fell by $32.5 billion to $867.7 billion, the Treasury reported Friday. Total foreign holdings edged up $5.8 billion to $3.96 trillion.
The drop in China’s holdings and the weak showing overall was a surprise. [...]
Posts Tagged ‘China’
China reduces US Treasury debt holdings in May
July 16th, 2010 by Financial Writer
Tags: China, economic, economists, european economy, financial crisis, interest rates, investors, us treasury
more...Yuan shot heard round the world but quiet in China
June 19th, 2010 by Financial Writer
China’s announcement that it will resume currency reform made waves globally but caused barely a ripple at home on Sunday, with major newspapers merely reprinting the central bank’s statement.
The People’s Daily, the main organ of the ruling Communist Party, put the news on its back page, while the banner headline on the website of the [...]
Tags: bank of china, central bank, China, Chinese economy, economists, european union, financial leaders, Global Economy, global financial crisis, IMF
Temasek to invest up to $300 million in AgBank IPO: source
June 14th, 2010 by Financial Writer
Singapore’s state investment fund Temasek plans to invest up to $300 million in the Agricultural Bank of China, ahead of its roughly $20 billion IPO, a source with direct knowledge of the matter said on Saturday.
Temasek’s commitment to China’s third largest bank is a positive step for the offering, though it is less than the [...]
Tags: banks, central bank, China, economy, financial, financial markets, financial system, investors, money
U.S. to Press China on Trade
May 19th, 2010 by Financial Writer
Treasury Secretary Timothy Geithner plans to press Chinese officials to improve the climate for U.S. companies trying to do business in China during a high-level dialogue in Beijing next week.
Mr. Geithner is expected to urge Chinese officials to reverse policies that limit the ability of foreign companies, including U.S. firms, to compete, and to argue [...]
Tags: businesses, China, china business, commerce department, economy, european union, financial, glo, Global Economy, investors, us economy
As China tries to rein in economy, stock exchange stumbles
May 4th, 2010 by Financial Writer
The Shanghai composite index slides 1.2% on news that the central bank will – again — hike the amount of capital banks are required to hold in reserve.
Reporting from Beijing
China’s leading stock exchange continued its long slide Tuesday, tumbling to its lowest close in seven months after the central government introduced another measure over the [...]
Tags: banks, central bank, China, economic recovery, economy, financial, Global Economy, interest rates, investors, money, stock market
China’s economy expands at torrid pace in first quarter
April 16th, 2010 by Financial Writer
The nation’s gross domestic product grows 11.9% compared with the same period a year ago. Analysts say Beijing may boost efforts to control inflation.
Reporting from Beijing
China’s economy continued its torrid growth in the first three months of the year, with gross domestic product expanding 11.9% compared with the same period a year ago, China’s National [...]
Tags: business, China, economic, economic recovery, economy, economy recovery, Global Economy, inflation, real estate
Bank Of China Picks Banks For $6B Share Sale - Source
April 13th, 2010 by Financial Writer
HONG KONG (Dow Jones)–Bank of China Ltd. (3988.HK) has picked five banks to underwrite its US$6 billion sale of Hong Kong-listed shares, a person familiar with the deal said Tuesday, moving a step closer to bulking up its capital base after an explosion in lending last year.
The person said the five banks are BOC International [...]
Tags: banks, China, Dow Jones Industrial, financial crisis, Global Economy, Global Recession, us economic, wall street
China Yuan At 6-Month High Late On Appreciation Hopes
April 8th, 2010 by Financial Writer
SHANGHAI (Dow Jones)–China’s yuan strengthened to a near six-month high against the U.S. dollar late Thursday, as a surprise meeting between U.S. Treasury Secretary Timothy Geithner and Chinese Vice Premier Wang Qishan in Beijing later in the day intensified speculation over near-term yuan appreciation.
Traders said the U.S. Treasury’s decision over the weekend to delay its [...]
Tags: China, dow jones, Global Economy, japan, us economic, wall street
Recession Speeds Shift In Balance Of Power
April 1st, 2010 by Financial Writer
The rise of China and India is redrawing geopolitical lines.
This is the fifth and last in a series of edited excerpts from Nomura’s recent report “The Ascent of Asia.”
World history has been dominated not by singular events but by processes that have gradually wrought fundamental paradigm shifts. In other words, human history, like geology and [...]
Tags: China, economy, financial crisis, india, recession, USA
China trims holdings of Treasury securities
March 15th, 2010 by Financial Writer
China retained its spot as the biggest foreign holder of U.S. Treasury debt in January even as it trimmed its holdings for a third straight month. The string of declines underscored worries that the U.S. government could face much higher interest rates to finance soaring budget deficits.
The Treasury Department said Monday that China’s holdings dipped [...]
Tags: China, chinese holdings, Debt, economic recovery, us government, us interest rates
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