Archive for the ‘RMB’ Category
Tuesday, April 1st, 2008
The RMB is tottering on the edge of 7 to the dollar, and it seems to be getting people fairly excited. While I don't exactly know how forex markets work to everyday tourist, my parents are being quoted rates of 6 to the dollar for their upcoming trip to China. ...
Posted in RMB, economy, Bradley Gardner | No Comments »
Tuesday, March 25th, 2008
During my last trip to Beijing, my wallet was surprisingly swollen with paper money of one jiao, five jiao, and one yuan denomination. This is totally different than in Shanghai, where I get one-yuan paper money now and then, rarely see paper one-jiao notes, and can’t even remember when ...
Posted in Claire Li, RMB, trends | No Comments »
Saturday, February 2nd, 2008
A few quick sundry items:
1. I love this quote:
“The Chinese are probably the best capitalists that communism will ever have given birth to.”
That was said by one Michelle Applebaum, head of an independent steel equity research firm in Chicago, in a Feb. 2 New York Times article about Chinalco + ...
Posted in RMB, America, Eveline Chao, economy | No Comments »
Wednesday, January 30th, 2008
So the dollar is recovering, now at about parity with the Canadian dollar, and finally back under 2 pounds to the dollar. The RMB keeps on rising though, and has just broken 7.2.
BGSHARETHIS.addEntry({ title: "Currency speculation", url: "http://www.cibmagazine.com.cn/theyuanalsorises/index.php/2008/01/30/currency-speculation/" });
Posted in RMB, Bradley Gardner | No Comments »
Thursday, January 3rd, 2008
The RMB rose over 1% in value over the past 2 weeks. Which means, with the amount of money I currently got saved to send to America for student loan payments, the Chinese government just gave me about 50$.
In all seriousness though, that's a huge hike in a very short ...
Posted in RMB, Bradley Gardner | No Comments »
Thursday, December 13th, 2007
Michael Pettis has a nice piece on the US - China meetings, which I wrote about yesterday.
Yesterday I mentioned that Jim Rogers had essentially blamed the drop of the dollar on Bernanke vastly increasing dollar supply so as to stop the general downward trend of the American economy. Pettis though ...
Posted in RMB, America, economy, Bradley Gardner | No Comments »
Wednesday, December 12th, 2007
So the Americans are in town, full of their usual "let the RMB appreciate" bravado. Chen Deming, the Chinese Vice-Minister of Commerce, managed to bitch slap them though.
"(The yuan) is not the key issue. Currently my focus is more on the depreciation of the US dollar and its possible impact ...
Posted in RMB, America, economy, Bradley Gardner | No Comments »
Tuesday, December 11th, 2007
So this news is a bit old, but I just discovered that back in November Zhou Xiaochuan, the dashing governor of the PBOC, gave a speech on the philosophy of time in relation to economic theory. I'm somewhat excited because I wrote my master's thesis on the philosophy of time ...
Posted in RMB, economy, Bradley Gardner | No Comments »
Friday, November 30th, 2007
Following my post yesterday on the EU-China trade summit, which in my opinion seems to have gone smashingly, but in everyone else's opinion seems to have gone poorly, I read two more articles, from sources I take seriously, that seem to disagree with me:
The Economist (a subscription to which was ...
Posted in RMB, economy, Bradley Gardner | No Comments »
Thursday, November 29th, 2007
So the EU met with China about RMB appreciation... but I must say I'm baffled by the news coverage of it.
Yesterday Zhou Xiaochuan, the oh so dashing governor of the PBOC, met with European Central Bank President Jean-Claude Trichet; Luxembourg Prime Minister Jean-Claude Juncker, who is also chairman of the ...
Posted in RMB, economy, Bradley Gardner | 3 Comments »
