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 [...]
Posts Tagged ‘China’
China trims holdings of Treasury securities
March 15th, 2010 by Financial Writer
Tags: China, chinese holdings, Debt, economic recovery, us government, us interest rates
more...China’s Central Bank Hits Brake on Hot Economy
February 13th, 2010 by Financial Writer
As most countries agonize over how to keep their barely reviving economies growing, China is already looking to slam on the brakes.
China’s central bank moved late Friday to reduce lending to companies and individuals by requiring large commercial banks to increase the amount of cash they park with the central bank. The move, which came [...]
Tags: central bank, China, economies growing, Federal Reserve, hot economy, inflation, lending
Hold your nose: garlic is best investment in China
November 27th, 2009 by Financial Writer
The price of garlic in China has nearly quadrupled since March, propelled by its very pungency to rank ahead of gold and stocks as the country’s best-performing asset this year.
The trigger for the bull run may have been the idea that the potent bulb can ward off H1N1 swine flu, Morgan Stanley economists said.
That chimes [...]
Tags: China, china business, garlic, H1N1, swine flu
Ford: China’s Geely preferred bidder for Volvo
October 28th, 2009 by Financial Writer
A group led by China’s Geely Group is the preferred bidder for Ford Motor Co.’s Volvo Cars unit, the U.S. automaker said Wednesday.
Ford said the selection signals that it is conducting “more detailed and focused negotiations” with Zhejiang Geely Group Holding Co. Ltd. about selling the Swedish automotive business.
“Ford’s objective in our discussions with Geely [...]
Tags: automaker, business, cars, China, financial, ford motor, volvo
China Ramps Up To Buy Cheap U.S. Real Estate
September 10th, 2009 by Financial Writer
China Investment Corporation, China’s $300 billion sovereign-wealth fund (SWF), is preparing to buy distressed U.S. real estate assets.
It will do so using the U.S. Treasury Department’s Public-Private Investment Program (PPIP) to fund the investments, reports the Wall Street Journal.
Meanwhile, several Chinese officials warned that Wall Street isn’t taking the recession seriously, and that much more [...]
Tags: China, economic, financial crisis, real estate, USA
A financial crisis, 10 countries, 10 solutions
July 14th, 2009 by Financial Writer
United States
GDP -1.6%
Inflation 0.2%
Unemployment 8.1%
Markets -10.7%
Gallon of gas $1.99
Interest Rates 0% to 0.25%
Challenges Home prices have plummeted since the summer of 2007, devaluing many of banks’ holdings that were backed by mortgages. To prevent further losses, banks largely stopped lending. The economic downturn that ensued led the economy to shed 4.4 [...]
Tags: brazil, China, financial crisis, germany, iceland, india, japan, mexico, rusia, UK, us
Dollar falls to 2009 low
June 1st, 2009 by Financial Writer
Risk appetite improves on U.S. stock gains, upbeat data from China and Europe.
The dollar fell to its lowest levels so far this year against both a basket of currencies and the euro Monday, as optimism that the global economy is on the road to recovery boosted riskier assets.
Commodity-related currencies including the Australian and New Zealand [...]
Tags: China, Dollar Falls, Europe, Global Economy, USA
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