China Financial News Headlines

November 20, 2008

Foreigners see China

Filed under: financial news — Tags: , , , — Zoe @ 9:42 am -0600

Singapore official: Singapore and China have a huge potential for cooperation in Shandong Province
Singapore Ministry of Trade and Industry Minister Li Yixian said on the 20th, between Singapore and Shandong Province of the economic and trade cooperation havs a long way to go, and there are many potential business opportunities which need to explore.

FDA on a grand scale so the West China joint for supervision of the China market?
Although it is early winter season, but at the Beijing Guanghua Road, the former site of the U.S. embassy are still crowded at this time. On this day, the U.S. Food and Drug Administration (FDA), its Beijing office opened a formal ribbon-cutting ceremony, and followed by two days, FDA offices in Guangzhou and Shanghai will be opened one after another.

Argentina Newspaper: “2008″ is called “in China”
Argentina’s “the nation” on November 16 published an article that there are several reasons which can be proved “in .” First of all, “8″ is ’s lucky number, and in 2008 will be the awakening of Chinese history and achievements of the year and remain in the memory of people, and these historical achievements, including the first Chinese astronaut to walk in space and successfully held Beijing Summer Olympic Games. Rat is a year full of opportunities.

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Hu Jintao visited Peru

Filed under: financial news — Tags: , — Zoe @ 9:19 am -0600

President Hu Jintao talks with Peruvian President Garcia
President on the 19th in Lima with Peruvian President Garcia held a meeting-talk. The two sides on the development of pragmatic cooperation in various fields reached an important consensus and jointly announced a free trade agreement negotiations with the successful completion then the two countries formally established a strategic partnership.

People’s Republic of China and the Republic of Peru joint press (full text)
Invited by the President of the Republic of , Alan Garcia Perez, President of the People’s Republic of in 2008 Nov. 19-21 would go on a state visit to the Republic of .

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Bonds and gold

Filed under: financial news — Tags: , — Zoe @ 9:10 am -0600

The credit risk of Warren Buffett’s company sharply rose and was close to junk bonds
Fearing miscalculation in gambling of the index, the last two months which he is in charge of, Berkshire Hathaway’s credit default swaps (CDS) points nearly doubled. Berkshire currently has the top AAA bond rating, but the CDS market has shown that Berkshire’s default risk is almost the same as Baa3 enterprise-class in Moody’s rating.

Rumor: China will buy 4000 tons of gold foreign exchange reserves, but the central bank said it was not ture
According to Hongkong’s media report, in order to prevent the U.S. government 700 billion U.S. dollars of rescue package leding to the depreciation of the dollar and exchange rate fluctuations, may buy more foreign exchange reserves of .

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