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YUANWARD and UPWARD Replies |
rffrydr
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 Posted: Wed Nov 02, 2011 10:33 pm Post subject: |
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| Quote: | | The yuan advanced 0.12 percent to 6.3494 Shanghai, the biggest increase in a week, as China’s central bank set a record daily reference rate and signaled before the G-20 summit it will increase moves in the exchange rate. The government remains open to increased flexibility of the yuan, Zhang Tao, director general of the international department of the People’s Bank of China, said yesterday. |
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rffrydr
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| Posted: Thu Sep 08, 2011 6:15 am Post subject: |
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Fully convertible by 2015 with London vetted as trading center--that's big news.
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rffrydr
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| Posted: Wed Aug 10, 2011 10:50 pm Post subject: |
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Taking the bit, Yuan pushed to new highs....Bernanke's bluff is starting to bite.
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rffrydr
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| Posted: Fri Apr 29, 2011 6:22 am Post subject: |
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Back to '08: rising yuan as inflation-fighter legitimizes US appeaser. Li Ki Shing's underperforming REIT shows most speculative inflows that can be long are already long.
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rffrydr
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| Posted: Wed Apr 20, 2011 7:31 am Post subject: |
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These two go together:
· About 7% of China’s foreign trade was done in yuan up from 0.5% a year ago.
· China’s National Radio said that China aims to double worker wages by the end of 2015 via an annual increase of 15%.
There won't be a robust bond market 'til capital controls come off. What are the odds? That will be the limiting factor on Yuan appreciation and probably make this trade verrrrrrry slowwwww.
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rffrydr
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| Posted: Wed Dec 22, 2010 8:36 am Post subject: |
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That other Weimar. Provocative. And playing out before us.
Yet, an yuan tied to gold is a dollar tied to gold so the argument is self-defeating. A yuan behind a wall is just a yuan behind a wall....are we on to one grand "separate but equal" experiment?
http://seekingalpha.com/article/232243-remember-the-gold-yuan-of-1949-beijing-does
Don't agree with this but the market seems to. The ultimate yuan-demoniated hard asset is not gold or rice, it's the american consumer's dollar. A savings culture will only underscore this.
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rffrydr
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| Posted: Tue Nov 30, 2010 9:21 am Post subject: |
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That other currency crisis:
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rffrydr
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| Posted: Fri Nov 19, 2010 8:56 am Post subject: |
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Bernanke's chart shown in Frankfurt tempering the outflows hysteria:
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rffrydr
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rffrydr
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| Posted: Wed Oct 13, 2010 11:20 am Post subject: |
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Took the hit from Norway with the Nobel this week, despite sending a personal delegation to make a deal "Norway couldn't refuse." In the award speech they said that sign of mature economy is ability to take criticism.
Small country, big impact on self-image IMHO.
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HenryTo
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rffrydr
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HenryTo
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rffrydr
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| Posted: Tue Aug 31, 2010 6:43 am Post subject: |
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The new normal:
http://www.cnbc.com/id/38930936
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rffrydr
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| Posted: Fri Aug 20, 2010 6:39 pm Post subject: |
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Some more window dressing courtesy MacDonalds :
McDonald’s’ renminbi bonds
Published: August 20 2010 09:38 | Last updated: August 20 2010 16:03
| Quote: | Do you want irony with that? An American icon of capitalism has just raised funds from a cluster of banks in the consumerist enclave of Hong Kong – in the People’s Currency (that’s the English for renminbi).
McDonald’s’ debut renminbi bond is hardly super-sized: Rmb200m ($29m) is equivalent to one-twentieth of shareholders’ dividends last quarter. It is an event, all the same. Twenty years after opening its first outlet in Shenzhen, the Illinois-based fast-food chain has become the world’s first non-Chinese company to raise funds in renminbi. The deal comes after a flurry of Chinese government moves to assist the settlement of renminbi-denominated trade, and days after the People’s Bank of China announced a scheme to allow overseas central banks and commercial lenders to start investing their renminbi funds in the country’s interbank bond market. The pace of the liberalisation of China’s capital account, always assumed to be a painstaking, multi-decade affair, is beginning to pick up. |
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