China’s Foreign Ministry has said it is “ready to work” with France’s new Socialist president, François Hollande, but Beijing is viewing his election with some wariness. From AFP: Foreign ministry...
by Melissa M. Chan | Dec 6, 2011
Amid growing concerns about the economy and the collapse of the Euro, there are added worries that China’s campaign to deflate housing prices will go too far. While Beijing has eased credit policies to regulate inflation,...
by Samuel Wade | Mar 31, 2011
Authorities in Frankfurt have uncovered a €6-million Sino-German fraud operation involving the illegal reassembly of scrapped coins. €1 and €2 coins consist of two concentric parts, which are separated and shipped to China as...
by Liu Yong | Nov 28, 2007
From Wall Street Journal: Chinese and European Union leaders Wednesday agreed that trade imbalances between the two sides were unsustainable, but wrapped up talks without finding common ground on the issue of the euro’s rise against the yuan. The conclusion of the annual EU-China Summit in Beijing looks unlikely to ease pressure on the yuan […]
by Kate Zhao | Nov 27, 2007
From BBC News: The European Union (EU) is expected to pressure China to allow its currency to strengthen more quickly at a bilateral summit in China this week. The weak yuan has buoyed exports to Europe, which has seen its trade deficit with China soar. “We will have a large tour d’horizon on all matters, […]
by Kate Zhao | Nov 9, 2007
From The Financial Times: China should revalue the renminbi to boost domestic demand, remove obstacles to banking reform and cool an overheating heavy industry sector, Peter Mandelson, the European Union ‘s trade commissioner, said on Thursday. In a speech in Washington that highlighted the EU’s growing concern over China’s currency management and commercial practices, Mr […]
by Kate Zhao | Nov 8, 2007
From Washington Post: The value of the dollar fell sharply Wednesday, as did the stock market, after the Chinese government signaled that it may slow its purchases of U.S. assets. The Dow Jones industrial average plummeted 361 points, or 2.6 percent, as the dollar fell to an all-time low relative to the euro and was […]
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