|
You are here : Home >> Currency Street >> Report |
|
|
| |
China to maintain yuan exchange rate |
| |
|
|
| |
BEIJING (Commodity Online) : China’s commerce ministry said country is to maintain basic stability and continuity in the economic policies and yuan exchange rate to ensure a foreseeable prospect for its businesses.
Minister of Commerce Chen Deming made the remarks Sunday at the Canton Fair, an important barometer of China's foreign trade.
24-Hour Online Forex Trading. Start with FREE practice account
In the following months, China would maintain stability of the macro-economic policies, stick to the proactive fiscal policy and moderately easy monetary policy, Chen said.
Meanwhile, the yuan exchange rate should also maintain relatively stable so that domestic manufacturers and exporters can better predict and adjust to the market, Chen added.
Chen said the number of participants to the fair and the trade volume showed China's foreign trade was recovering, but uncertainties remained.
Chen urged Chinese enterprises to enhance their competitiveness with better quality and lower cost by technological upgrading and restructuring. "Next year, our focus will be on the quality of export products," he said.
"Enhancing competitiveness with better product quality and brand-building is also an effective way of avoiding trade protectionism," Chen added.
In the previous three quarters this year, 19 countries and regions have launched 88 trade remedy investigations against Chinese goods, totaling $10.2 billion.
"In addition to the recovering export, China's import is also on the rise, contributing significantly to the recovery of the world economy," Chen said.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Technical Calls |
|
| |
Gold can touch $1,225 per ounce by next week |
| |
What Eric is saying here also lies in the shortening of the steps in the stair step gold action. At new highs, such as now, this formation is a rare set up suggesting an exponential rise.
Rev. Doug, who is no slouch when it comes to gold, anticipat |
 |
| |
Gold price will double $1,150: Jim Rogers |
| |
The most bullish investor on gold these days seems to be the global commodities investor Jim Rogers. Rogers, based in Singapore, and a big investor in the Chinese commodities market says, gold price should double the current $1,150 per ounce level. |
|
| |
Gold price to average $1,140: Barclays Capital |
| |
Barclays Capital says gold prices will average $1,140 per ounce in 2010, says Barclays Capital. "We expect prices to maintain their upward momentum through to at least the first half of 2010, where we expect prices to average $1,140 in the second qu |
|
|
More> |
|
|
|
|
|
| |
|
| |
Crude oil futures continued to trade down in mid London trade Friday as the US dollar strengthened against the major currencies apart from a dip in the global equities. |
 |
| |
|
| |
Gold futures fell in negative zone as dollar gathered some strength in mid London trades. Dollar typically strengthens when there are less data releases from US. |
|
| |
|
| |
MCX Comdex was up by 2.35% to 2694.17. MCX Energy was down by 0.22% to 2651.55, MCX Metal was up by 3.70% to 3226.02 and MCX Agri was up by 4.84% to 2255.10. |
|
|
More> |
|
|
|
|
|
| 
FeedBurner
