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China to push ahead financial innovations, reforms
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No short-term yuan appreciation seen
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China is not expected to allow the yuan to appreciate against the U.S. dollar in the short term, Chinese experts said.The yuan appreciation in the face of growing Chinese trade surpluses is one of the topics expected to be discussed when U.S. President Barack Obama visits China next week. The United States also wants China to encourage domestic ...
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Excerpts from a speech by World Bank President Robert B. Zoellick
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he following are excerpts from a speech prepared for delivery on Monday by World Bank Group President Robert B. Zoellick. Entitled “After the Crisis?”, the speech will be delivered at the Paul H. Nitze School of Advanced International Studies of the Johns Hopkins University, in Washington, D.C., in the lead-up to ...
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- News Source: Xinhuanet.com | 6 months agoShanghai's ambition to develop into an international shipping center. The State Council, or the Cabinet, unveiled a detailed plan at the end of April aimed at building Shanghai into a global financial center and shipping hub by 2020.
- News Source: China News | 6 months agoA modern and developed insurance industry has several practical functions for Shanghai. For instance, by the end of 2008, people aged above 60 will account for 21.6 percent of all the residents in Shanghai, mounting a challenge for the existing...
- News Source: Channel NewsAsia | 6 months agoThe high savings rate in China will help the country in its goal to turn Shanghai into an international financial hub, according to the central bank governor. He was speaking to analysts and economists who had gathered for a financial forum --...
- News Source: China News | 6 months agoFriday said China needs to modify market regulations to turn Shanghai into a global financial center. "(We) should make clear and improve from time to time our rules of the game when developing a global financial center," Zhou told a financial forum...
- News Source: China News | 6 months agoChina will push ahead with derivatives innovations and encourage domestic financial firms' investments abroad despite the global financial crisis, Deputy Central Bank Governor Su Ning said on Friday. He told reporters that the People's Bank of China...
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