Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Outlook

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Outlook

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Outlook FOREX CNY= closed up 0.019 at 6.581. Volume was 11% above average (neutral) and Bollinger Bands were 39% wider than normal. Open High Low Close Volume___ 6.578 6.582 6.574 6.581 2,418 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period […]

Energy Cooperation the Key Link to Russia-China Economic Tie-up

Energy Cooperation the Key Link to Russia-China Economic Tie-up

Energy Cooperation the Key Link to Russia-China Economic Tie-up Energy cooperation has become the ‘backbone” of the Russia-China economic partnership, as bi-lateral interaction is expected to speed up in all economic fields. Russian Deputy Prime Minister Arkady Dvorkovich expressed the confidence that bi-lateral economic cooperation would continue to grow steadily in various fields. “China is […]

Donald Trump, “Illegal Immigrants Get Better Care Than Our Veterans”

Donald Trump, “Illegal Immigrants Get Better Care Than Our Veterans”

Donald Trump, “Illegal Immigrants Get Better Care Than Our Veterans” Donald Trump in a Memorial Day weekend speech pressed his message on Veterans, saying that his administration would take care of them and correct a situation in which “illegal immigrants are taken care of by this country better than our Veterans.” Speaking at the annual […]

Wanda City Opening to Rival to Shanghai Disney (NYSE:DIS)

Wanda City Opening to Rival to Shanghai Disney (NYSE:DIS)

Wanda City Opening to Rival to Shanghai Disney (NYSE:DIS) $DIS China’s Wanda Group on Saturday opened a RMB 40-B (US$6.1-B) theme park in the eastern city of Nanchang, capital of Jiangxi Province. Wanda Cultural Tourism City (Wanda City), is the latest rival to Shanghai Disney (NYSE:DIS) opening to the public in June. At the opening […]

China’s Exporters Implement “Plan B” Against Headwinds

China’s Exporters Implement “Plan B” Against Headwinds

China’s Exporters Implement “Plan B” Against Headwinds China’s exporters are turning to an “alternative plan” aka Plan B, to underpin exports as foreign trade continued to be affected by weak demand, experts said Monday. “Plan B” involves manufacturing high-tech and innovative products amid ongoing supply-side structural reform to replace labor-intensive products, according to an article […]

China to Triple Spending on Tourism

China to Triple Spending on Tourism

China to Triple Spending on Tourism China’s spending in the tourism sector is likely to 3X by Y 2020, to RMB 3-T (US$460-B). China invested more than RMB 1-T in the tourism sector last year, an increase of 42% from one year earlier, Li Jinzao, head of China National Tourism Administration, said at the ongoing […]

China’s Economy Seeing Stable Growth in 2016

China’s Economy Seeing Stable Growth in 2016

China’s Economy Seeing Stable Growth in 2016 Recent figures have shown that the Chinese economy has generally seen stable growth with deepening supply-side structural reforms, an official from the National Bureau of Statistics said Monday. Meanwhile, measures have been taken to expand total demand in the 1st 4 months of this year, contributing to economic […]

China Funding Upgrading of Manufacturing Sector

China Funding Upgrading of Manufacturing Sector

China Funding Upgrading of Manufacturing Sector China will support 10 Key manufacturing projects in reconstructing and upgrading the sector until Y 2018, a notice by the National Development and Reform Commission (NDRC) said Wednesday. The projects will aim to keep growth of value-added industrial output in the manufacturing industry above 7%. Corporate investment in upgrades […]

China: Online Growth in “Fast-Expanding Market” Mode

China: Online Growth in “Fast-Expanding Market” Mode

China: Online Growth in “Fast-Expanding Market” Mode $BABA China’s online market with rapid development is at the “take-off” stage, corresponding to the “Fast-Expanding Market” (FEM) model. This is the main conclusion in the article “Fast-Expanding ‘Online’ Markets in South Korea and China: Are They Worth Pursuing?” published by Associate Professor Adrian T H Kuah and Dr. […]

China: Asia’s Most Attractive Consumer Market

China: Asia’s Most Attractive Consumer Market

China: Asia’s Most Attractive Consumer Market China was the most promising consumer market in Asia in Y 2015, and will probably remain so in the next 4 years, according to a report released Thursday. “Even as China’s economy slows and its population ages, it appears set to remain the most attractive Asian market for retailers […]

US Grain Traders Ban Unapproved GMO Grains

US Grain Traders Ban Unapproved GMO Grains

US Grain Traders Ban Unapproved GMO Grains $AGM, $BAYRY, $DOW, $MON, $BG, $SYT Across the US grain belt, top agricultural commodities handlers have banned GMO (genetically modified) crops that are not approved in all major overseas markets, shaking up a decades-old system that used the world’s biggest exporting country as a launchpad for new seeds […]

China: Supply-side Reforms to Help Expand the Economy

China: Supply-side Reforms to Help Expand the Economy

China: Supply-side Reforms to Help Expand the Economy China’s supply-side reform will unlock new sources of growth to help the economy fend off downward pressures amid a fading global economic recovery, Swiss bank UBS said. China’s economy expanded 6.7% Y-Y in Q-1, slowing further from the previous Quarter. Despite the downward trend, the government is […]

Expect China and Japan to Establish Solid Bi-Lateral Tie-up

Expect China and Japan to Establish Solid Bi-Lateral Tie-up

Expect China and Japan to Establish Solid Bi-lateral Tie-up Senior Communist Party of China (CPC) official Liu Yunshan Friday hoped that Japan could have a correct view of China’s development and send out positive signals on bi-lateral ties. Liu, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made […]

China’s Wanda Pictures Gets Investment From Puji and Jupai

China’s Wanda Pictures Gets Investment From Puji and Jupai

China’s Wanda Pictures Gets Investment From Puji and Jupai The 2 companies are looking to “capitalize on the burgeoning global media and entertainment industry as well as other high-growth sector companies that have cross-border attraction in China and the United States,” they said in a statement Monday Chinese conglomerate Dalian Wanda Group’s Wanda Pictures business […]

China Bans Key Apple (NASDAQ:AAPL) Service, Growth Dampened

China Bans Key Apple (NASDAQ:AAPL) Service, Growth Dampened

China Bans Key Apple (NASDAQ:AAPL) Service, Growth Dampened China’s blocking of Apple mobile entertainment services in presents fresh challenges for the giant tech company as it prepares to report its 1st-ever fall in iPhone sales. specifically Apple movies and book store were shut down by the government. The news on Thursday that Apple’s online book and […]

FoMoCo (NYSE:F) says, “No interest in a Tie-up With Fiat-Chrysler

FoMoCo (NYSE:F) says, “No interest in a Tie-up With Fiat-Chrysler

FoMoCo (NYSE:F) says, “No interest in a Tie-up With Fiat-Chrysler $F, $FCAU Ford Motor Co (NYSE:F) is not interested in a tie-up with Fiat Chrysler Automobiles NV (NYSE:FCAU), CEO Mark Fields said Saturday, when asked about FCA head Sergio Marchionne’s remark that Ford could be a potential merger candidate. “I can’t speak to what Sergio […]

Money Managers “Dumping” US Treasuries For Equities

Money Managers “Dumping” US Treasuries For Equities

Money Managers “Dumping” US Treasuries For Equities $DIA, $SPY, $QQQ, $VXX Money managers are dumping Treasury ETFs (exchange-traded funds) as a revival in equity and commodity prices curbs demand for the somewhat safer US debt. Treasury ETF net redemption’s have reached $2.9-B so far in April, on top of $4.8-B pulled out in March, according […]

China Continuing To Upgrade It Foreign Trade

China Continuing To Upgrade It Foreign Trade

China Continuing To Upgrade It Foreign Trade China will continue to transform and upgrade its foreign trade in accordance with World Trade Organization (WTO) rules, an official from the Ministry of Commerce (MOC) said. The statement, published on the MOC website, was made by an official in charge of the MOC’s department of treaty and […]

EU Hopes To Sell More Agro-products To China

EU Hopes To Sell More Agro-products To China

EU Hopes To Sell More Agro-products To China The European Union (EU) hopes to export more agro-products to China, a senior EU official said Friday ahead of a trade promotion trip to China. China is a crucial market for EU agro-products and has seen considerable growth in recent years, EU Commissioner for Agriculture and Rural […]

Chinese Grand Prix 2016 Preview

Chinese Grand Prix 2016 Preview

Chinese Grand Prix 2016 Preview F1 makes its 1st visit of the season  to east Asia this weekend for the 2016 Chinese Grand Prix. This will be the 13th running of the event, 1st held in Y 2004, and the last long-distance Grand Prix til June. Nico Rosberg won his 1st-ever GP at the Shanghai International Circuit in […]

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