10 January, 2016 by The TZ Newswire Staff Comments Off on China will find it tough to achieve over 6.5 percent growth over 2016-2020: state adviser
China will find it tough to achieve over 6.5 percent growth over 2016-2020: state adviser
China will face great difficulty in achieving economic growth above 6.5 percent over the 2016-2020 period due to slowing global demand and rising labor costs at home, the China Securities Journal quotes a top state adviser as saying. Li Wei, president of the State Council’s Development Research Centre, made the comments at a conference over the weekend, the newspaper reported on Monday. “In the last 30 years of reforms and opening up, China’s gross domestic product has posted annual growth of around 10 percent.
10 January, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Drugmakers jack up prices despite government pressure
The Wall Street Journal: Drugmakers jack up prices despite government pressure
Drugmakers didn’t let up on price increases with the start of a new year, demonstrating the industry’s pricing power in the face of mounting criticisms of prescription costs in the U.S.
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10 January, 2016 by The TZ Newswire Staff Comments Off on Shanghai opens down 2.5%, Shenzhen sheds 3.3%
Shanghai opens down 2.5%, Shenzhen sheds 3.3%
Chinese markets opened negative, with the Shanghai composite down 2.5 percent, having lost all of its 2015 gains last week.
10 January, 2016 by The TZ Newswire Staff Comments Off on Asia investors face a week packed with rates, data
Asia investors face a week packed with rates, data
Investors are watching China’s every move, as well as a string of interest rate decisions and data points due in the coming days.
10 January, 2016 by The TZ Newswire Staff Comments Off on China stockmarket opening indications – Shanghai Comp to open down 1.7%
China stockmarket opening indications – Shanghai Comp to open down 1.7%
The People’s Bank of China has fixed the yuan mid-point
barely changed from Friday’s level
Now for the stock market opening
– Pre-market indications show the Shanghai Comp to open down 1.7%
Meanwhile in HK, the Hang Seng is set to open down 2.2%
10 January, 2016 by The TZ Newswire Staff Comments Off on People’s Bank of China (PBOC) sets yuan mid point reference rate 6.5626
People’s Bank of China (PBOC) sets yuan mid point reference rate 6.5626
USD/CNY mid-point for today 6.5626
– Friday’s close was 6.5938
– Friday’s mid point was set at 6.5636
Barely changed from Friday’s mid point
I think need to read
10 January, 2016 by The TZ Newswire Staff Comments Off on OCBC expects PBOC yuan mid point around 6.5830, Nomura is around 6.5869
OCBC expects PBOC yuan mid point around 6.5830, Nomura is around 6.5869
OCBC says CFETS will try to anchor the yuan index around 100
Friday’s official close for USD/CNY was 6.5888
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