BIGCAPITAL's Blog

February 9, 2011

China Hikes Shouldn’t Slow Global Growth

Filed under: Uncategorized — bigcapital @ 1:09 am
Tags: , , , , , ,

China Hikes Shouldn’t Slow Global Growth

China has raised benchmark interest rates for the third time since October.

Unsurprisingly, rising inflationary pressures is the primary motivation behind China’s rate hike. We have been looking for another rate hike from China since they tightened in December and with prices rising due to geopolitical risks, the Lunar New Year and a recent drought in the grain producing Northeast part of the country, China did not want to take any risks, opting to preempt a further increase in inflationary pressures by raising interest rates. Given the health of the Chinese economy and the prospect of stronger global growth, we have not seen the last of China’s policy actions.

Capital Economics analysts note that they think markets are right to have taken China’s latest decision to raise interest rates in stride. The announcement has caused some jitters about the impact tightening will have on growth but these concerns should not be overplayed as the rate hikes should not do much to slow growth, they say. Aggressive monetary tightening should not be needed in China, they say.

From The Dow Jones Newswires

http://marketpin.blogspot.com/

February 08, 2011 11:29 ET (16:29 GMT)

December 20, 2010

China Business News: Shanghai’s foreign trade hits record US$34.51 bln in Nov

Filed under: Uncategorized — bigcapital @ 10:03 am
Tags: , , , , , , , , ,

China Business News: Shanghai’s foreign trade hits record US$34.51 bln in Nov

Dec. 20, 2010 (China Knowledge) – Shanghai’s import and export value grew 31.5% year on year to a record US$34.51billion in November this year, according to the latest statistics released by the Shanghai Statistics Bureau.

The city’s exports were US$17.11 billion last month, up 27.2% year on year, while its imports rose 36.1% from a year earlier to US$17.4 billion.

The export value of mechanical and electronic products increased 23.4% year on year to US$12.56 billion in November, while the import value of such products was US$9.93 billion, up 31% from the same month of last year.

The city’s exports and imports of high-tech products were US$8.17 billion and US$6 billion in the month, up 19.6% and 23.4% year on year, respectively.

Last month, Shanghai’s exports to its top three trade partners, the E.U., the U.S. and Japan, were US$3.85 billion, US$4 billion and US$1.95 billion, up 14.8%, 30.6% and 39% year on year, respectively, while imports from the three partners were US$3.29 billion, US$1.87 billion and US$2.86 billion, growing 30.1%, 22.4% and 37.1% year on year, respectively.

Source: http://marketpin.blogspot.com/

October 6, 2010

Hong Kong: Shares hit 11-month high

Filed under: Uncategorized — bigcapital @ 9:00 am
Tags: , , ,

SHARES hit an 11-month high yesterday as dealers welcomed Japan’s decision to adopt a zero per cent interest rate and announce further monetary easing measures to help the economy.

The Hang Seng Index added 20.48 points, or 0.09 per cent, to hit 22,639.14 on turnover of HK$79.69 billion its highest close since November 19.

Insurance firms rose after AIA set the price range for its initial public offering. AIA, hopes to raise up to US$17.1 billion from the IPO.

Blog at WordPress.com.