10May

Yucheng Technologies Announces Conference Call on May 15, 2012 to Discuss …

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09May

UPDATE: 5 injured in Wat Yuan fire

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Fire fighters had the blaze at the Wat Yaun community under control by late Wednesday morning, but five people had been hurt by the conflagration, reports said.

A total of 15 commercial buildings and houses were damaged.

The five people injured by the blaze were taken to hospitals nearby, the reports said.

Photo BANGKOK POST

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09May

Synear sees 1Q earnings fall 24.5% to $4.7m

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Synear Food Holdings posted a 24.5% fall in earnings in the first quarter ended March to 23.82 million yuan ($4.7 million) from a year ago as turnover fell 9% to 496.53 million yuan due to poor sales of its dumpling products.

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05May

"Calculating The Power Of Your Hard-Earned Yuan"

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There is so most #win (not to be confused with #yuan) in a following essay from today’s book of China Daily, that we usually felt compelled to post it in a entirety for 3 reasons: i) an essay like this will never seem in a US press – here a best one could get is a calculation of a miss of energy of one’s simply borrowed Charmin’; ii) it contains a phrase: “There are no lies, usually statistics” when deliberating information expelled by a China’s National Bureau of Statistics, iii) being on a front page of a paper, and addressing a subject nearby and dear to everyone: namely how most compensate Chinese workers are receiving in comprehensive and relations terms, in an try to spin a data, it confirms what everybody knows – that some-more and some-more Chinese workers are removing antsy about a usually series that matters:

Article source: http://www.zerohedge.com/news/calculating-power-your-hard-earned-yuan

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04May

VIDEO: Yuan on bulletin of China US talks

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In Beijing, a world’s dual biggest economies, a US and China, are holding their annual mercantile dialogue.

It accommodate has been overshadowed by a diagnosis of blind romantic Chen Guangcheng and other confidence issues.

Nevertheless, mercantile topics are on a agenda, with a US again lifting a emanate of a yuan’s valuation.

US policymakers have urged China to concede a banking to appreciate. They have mostly indicted Beijing to gripping a value of a banking artificially low to keep Chinese products inexpensive and give a country’s exporters an astray advantage.

Pu Yonghao, informal arch investment officer during UBS Wealth Management in Hong Kong, told a BBC’s Sharanjit Leyl, that a revaluation was already happening.

Article source: http://www.bbc.co.uk/news/business-17949744

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04May

U.S.'s Geithner says China yuan reforms promising

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“We consider the broad direction of the economic reforms that you have laid out – to move to a more market oriented exchange rate system, to expand consumption and domestic demand, to open up the Chinese economy further to foreign competition, to create a more modern financial sector – we think these are very promising reforms,” Geithner said in the Great Hall of the People.

(Reporting by Michael Martina; Writing by Ben Blanchard; Editing by Ken Wills)

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04May

US pushes China to concede yuan rise, speed reforms

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US Treasury Secretary Timothy Geithner Thursday urged China to concede a banking to strengthen serve and pull brazen economic reforms, that he pronounced were essential to a tellurian recovery.

But his comments during a start of two-day talks between a world’s dual biggest economies were overshadowed by a tellurian rights quarrel that has threatened already stretched relations.

US officials have prolonged indicted Beijing of gripping a value of a yuan artificially low to boost exports, heading to a large Chinese trade over-abundance with a United States.

Geithner pronounced China’s banking had appreciated by around 13 percent opposite a US dollar over a past dual years, though urged some-more gains.

“We cruise quite critical a importance on reforms to… continue a appreciation of a renminbi (yuan) opposite a dollar and a other vital currencies,” Geithner said.

“A stronger, some-more market-determined (yuan) will assistance strengthen China’s remodel objectives.”

He was vocalization during the

Article source: http://news.yahoo.com/us-pushes-china-allow-yuan-rise-speed-reforms-004537878.html

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04May

Chinese yuan could be clever tellurian banking amid diseased dollar, euro

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Thailand News.Net
Thursday 3rd May, 2012 (Source: The Nation)

May 3, 2012 3:18 pm Manila – China’s yuan could emerge as a clever internationalcurrency amid weaknesses in a US dollar and a euro, economists pronounced Thursday during an Asian Development Bank assembly in a Philippines.

Iwan Azis, conduct of a Manila-based bank’s Office of Regional Economic Integration, pronounced a Chinese yuan was apropos really critical as China’s economy grows.

“It is only a matter of time, it’s not a matter of approbation or no, bu… …

Read a full story during The Nation



Have your contend on this story

Article source: http://feeds.thailandnews.net/?rid=205474965&cat=7eb51d3138244bed

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03May

US urges China to concede yuan to rise, speed adult reform

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US Treasury Secretary Timothy Geithner Thursday urged China to concede a banking to conclude serve and also speed adult economic reforms, that he pronounced were essential to a tellurian recovery.

However his comments during a start of two-day talks between a world’s dual biggest economies were overshadowed by a rights quarrel that has threatened already stretched relations.

US officials have prolonged indicted Beijing of gripping a value of a yuan artificially low to boost exports, heading to a large Chinese trade over-abundance with a United States.

Geithner pronounced China’s banking had appreciated by around 13 percent opposite a US dollar over a past dual years, though urged some-more gains.

“A stronger, some-more market-determined renminbi (yuan) will assistance strengthen China’s remodel objectives of relocating to aloft value-added production, reforming a financial complement and enlivening domestic demand,” Geithner said.

He was vocalization during a annual Strategic and Economic Dialogue, that has been upstaged

Article source: http://news.yahoo.com/us-urges-china-allow-currency-appreciate-033020238--finance.html

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03May

U.S.'s Geithner repeats call for stronger yuan

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Geithner’s comments came after China took a miracle step final month of widening a yuan’s trade rope to let a banking arise or tumble 1 percent on any day from a bound mid-point, compared with a prior plus/minus 0.5 percent.

Geithner pronounced he welcomed Beijing’s efforts so far, adding “a stronger, some-more market-determined renminbi will assistance strengthen China’s remodel objectives of relocating to aloft value-added production, reforming a financial complement and enlivening domestic demand.

“It will yield China a autonomy and coherence to respond to destiny changes in expansion and inflation.”

Geithner, who is in Beijing with U.S. Secretary of State Hillary Clinton for annual talks that risk being overshadowed by U.S. insurance of a Chinese dissident, pronounced China needs to be some-more open to private domestic and unfamiliar competition.

Article source: http://uk.ibtimes.com/articles/336455/20120503/us-geithner-repeats-call-for-stronger-yuan.htm

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