Yuan Gets More Room to Float
China’s central bank will expand the daily yuan trading band against the dollar. The announcement came after first quarter economic data that China’s gross domestic product growth had slowed to 8.1%. From China...
foreign investors
FT Series: China Goes Global – Financial Times
In 2007, Chinese companies expanded overseas, as did investors. On the other side, foreign investment swarmed into the Chinese capital market. Financial Times writers summarized this year’s trend on China going global and global investors going to China. From The Financial Times: Any takeover battle or asset sale these days is certain to spur speculation […]
China Considers Law to Prevent Cheap Sale of State Assets – Thomson Financial
From Thomson Financial via Forbes.com: Chinese lawmakers are considering imposing a law to prevent state-owned assets being sold too cheaply, state press reported Sunday, legislation that is likely to tighten Beijing’s control over business. The draft law details procedures for the restructuring of state assets, including accurate audits before firms are merged or sold, the […]
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