From Reuters (link) Two top U.S. senators on Tuesday proposed legislation to force the Bush administration to get tough on China over its currency while another pair of lawmakers sidelined a bill with a similar goal. Washington and Beijing have for months been engaged in an elaborate dance over China’s reluctance to let its yuan […]
Read MoreFrom AFX via Forbes online (link) China’s securities regulator will lift a ban on new mainland share issues ‘in the near future,’ most likely within the coming month, the South China Morning Post reported, citing sources. Initial public offerings and refinancing through the Shanghai and Shenzhen markets will resume after a suspension in April 2005, […]
Read MoreFrom the Financial Times (link) The administration of President George W. Bush will face mounting pressure to take tougher action against China over the value of its currency with the introduction on Tuesday of legislation that would all but force the US Treasury to brand China as a currency manipulator. The proposal, drafted by Senator […]
Read MoreFrom the Financial Times (link) Taiwan’s government will start to open up more industries for investment in China later this year once its new, stricter supervision framework for cross-Strait economic exchanges is working, the cabinet’s most senior economic policy official said yesterday. “This will come within a few months,” said Tsai Ing-wen, vice-premier, following last […]
Read MoreFrom AFX via Forbes online (link) China’s forex reserves reached 853.7 bln usd at the end of February, unseating Japan to become the nation with the largest holdings, government data show. Japan’s reserves at end-February this year stood at 850.1 bln usd, down 1.6 bln from the end-January total. China’s reserves grew strongly last year […]
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