Saturday, October 16, 2010

U.S keep pressure on Beijing to appreciate its currency

There was an article on NYtimes recently, the title is " Exports of Chinese goods continued to surge in September." The author gave us a series of numbers to indicate that if Chinese foreign exchange reserves keep soaring, as well, the government control the currency not appreciating, China would suffer a terrible inflation in later years. For instance, the author cited a batch of data which from Beijing( I don't know where it's exactly from, street bar? farm? or government, but anyway~~)showed that: Chinese monthly trade surplus reached $16.9 billion in September, with exports up 25 percent and imports climbing 24 percent. And also, Chinese exchange reserves soared $194 billion in September to a record $2.65 trillion becomes the world's largest currency reserve holdings. At first, I thought the following parts of the article would be find how these money come from and tell us weather these money is good for Chinese or even globel eco. But at last, i figure out that the purpose of this article can be considered as a pressure on Beijing to appreciate its currency, which from the most popular American broadcasting department-- NY times. So i really find out the Chinese currency right now is a really serious problem not only for China itself, but all around the world.

Sunday, October 10, 2010

China’s Ban on Selling Rare Earth Minerals to Japan Continues

Chinese customs officials continued to prohibit all exports of rare earth minerals to Japan over the weekend. The reporter claims that it must be some correlation between the prohibition and the recent dispute of the two with a fishing boat captain whose vessel collided with two Japanese patrol boats on one night near islands Japan controls but China claims.
Personally, I'm quite agree with the authors' opinion. I can assume that each important economical decision must be related to a big political affair what has just happened at this era.