BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Will China Surpass the U.S. as the Economic Superpower in Seven Years?]]>http://www.bloggingstocks.com/2010/06/27/will-china-surpass-the-u-s-as-the-economic-superpower-in-seven/http://www.bloggingstocks.com/2010/06/27/will-china-surpass-the-u-s-as-the-economic-superpower-in-seven/http://www.bloggingstocks.com/2010/06/27/will-china-surpass-the-u-s-as-the-economic-superpower-in-seven/#commentsFiled under: , ,

China superpower China is developing fast and, even though it has some issues with human rights, pollution and corruption, people have been speculating that it could be the next global super power.

China has a population of 1.3 billion, which is four times the U.S. population of 308 million. Simple math dictates that if four Chinese people can match one U.S. person in productivity, China will surpass the U.S. in production.

Continue reading Will China Surpass the U.S. as the Economic Superpower in Seven Years?

Will China Surpass the U.S. as the Economic Superpower in Seven Years? originally appeared on BloggingStocks on Sun, 27 Jun 2010 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>chinacurrency evaluationdollarexchange ratesfeaturedGDPinthenewspurchasing power parityrenminbiyuanSun, 27 Jun 2010 11:40:00 EST<![CDATA[China Vows Slow, Tempered Change to Exchange Rate]]>http://www.bloggingstocks.com/2010/06/20/china-vows-gradual-change-to-exchange-rate/http://www.bloggingstocks.com/2010/06/20/china-vows-gradual-change-to-exchange-rate/http://www.bloggingstocks.com/2010/06/20/china-vows-gradual-change-to-exchange-rate/#commentsFiled under: , ,

Saturday, China signaled that it would abandon its currency peg against the U.S. dollar.

Then on Sunday, China's central bank said there would be no significant appreciation in the renminbi (the currency of the People's Republic of China) against the dollar. What's interesting is that this statement came one week before the G20 meeting on Toronto.

Continue reading China Vows Slow, Tempered Change to Exchange Rate

China Vows Slow, Tempered Change to Exchange Rate originally appeared on BloggingStocks on Sun, 20 Jun 2010 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Chinacurrency policydollarexchange rateinthenewsrenminbiyuanSun, 20 Jun 2010 11:40:00 EST<![CDATA[China's Exports Rise a Whopping 46%]]>http://www.bloggingstocks.com/2010/03/10/chinas-exports-rise-a-whopping-46/http://www.bloggingstocks.com/2010/03/10/chinas-exports-rise-a-whopping-46/http://www.bloggingstocks.com/2010/03/10/chinas-exports-rise-a-whopping-46/#commentsFiled under: , ,

China's exports rose 46% in February, signaling a sharp pickup in consumer demand in the United States and Europe. China reported a $7.6 billion trade surplus for the month.

This is the third month of increases in exports and the fastest in three years. Orders from the U.S., Europe and Japan accounted for almost half of the growth.

China's imports also rose by 45% over the previous year, led by crude oil for its factories.

Continue reading China's Exports Rise a Whopping 46%

China's Exports Rise a Whopping 46% originally appeared on BloggingStocks on Wed, 10 Mar 2010 09:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>chinaexportsimportsinthenewsrenminbiWed, 10 Mar 2010 09:50:00 EST<![CDATA[China learned that yuan-dollar peg is a two-edged sword]]>http://www.bloggingstocks.com/2008/01/07/china-learned-that-yuan-dollar-peg-is-a-two-edged-sword/http://www.bloggingstocks.com/2008/01/07/china-learned-that-yuan-dollar-peg-is-a-two-edged-sword/http://www.bloggingstocks.com/2008/01/07/china-learned-that-yuan-dollar-peg-is-a-two-edged-sword/#commentsFiled under: , ,

Currency exchange China, which has kept its currency, the yuan, artificially low in order to keep the cost of its exports low and promote a domestic economic boom as its nation develops, is finding that the strategy has a negative effect: domestic inflation.

Unlike market-based currencies characteristic of the foreign exchange, China's government sets the yuan's value -- allowing it to trade in a tight band, currently at about or near 7.2730 yuan to the U.S. dollar. China argues that the yuan/dollar peg is necessary to promote economic growth and protect young, developing businesses and sectors.

And the strategy is working: China has registered +10% GDP growth for more than four years; has the world's third-largest economy, in purchasing power parity terms, behind the European Union and the United States; and has generated massive trade surpluses, particularly against the U.S.

Still, the U.S. counters that the peg keeps China's goods at artificially low prices and hence gives China's companies an artificial competitive advantage in trade. China has turned aside those and other U.S. concerns, particularly the trade deficit, arguing that if the U.S. wishes to lower its trade deficit, its citizens should save more and consume less, and the U.S. government should eliminate its budget deficit.

Continue reading China learned that yuan-dollar peg is a two-edged sword

China learned that yuan-dollar peg is a two-edged sword originally appeared on BloggingStocks on Mon, 07 Jan 2008 15:52:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AsiaChinaconsumer spendingcurrenciesdollardollar pegemerging marketsEUeuroEuropean Unionexchange rateexportsforeign exchangeglobal economyimportsinflationrenminbisavings ratetradetrade deficitU.S. GovernmentUnited StatesyenyuanMon, 07 Jan 2008 15:52:00 EST