Language of Money papers over Rio Tinto tensions Australia has rolled out the proverbial red carpet for visiting Chinese leadership signing billion dollar agreements on mutual Trade and Investment.China will invest in Australia’s resource and transportation sector making it easier for resources to be exported to China.The Chinese speaking Australian PM reportedly entertained the visiting […]
China is planning to increase control of rare earth minerals mined in its territory after cracking down on illegal exports of these minerals.These minerals form an essential part of new Green Equipment used in Wind Energy,Batteries,Electric Vehicles,LEDs and Solar Energy.China has more than 95% of the world’s deposits of these rare earth minerals.It plans to […]
China’s Central Bank had released a statement on Yuan Reform seeking to defuse international pressure.The statement which rambled about recovery,BOP,world macro situation,yuan history had a brief line about proceeding with currency reform.Even this one line had the US and IMF praising China for moving ahead to correct the yuan’s depreciated value against the US Dollar.I […]
China and US Tensions increasing on Currency Valuation The US Senate and President Obama have been increasing pressure on the Chinese Government to revalue the yuan and let it move towards a market determined rate.China’s yuan peg to the dollar has been one of the main factors around which the debate of global imbalances has […]
Toshiba aims to Double Nuclear Exports in next 5 years Toshiba the No.2 players in the Nuclear Equipment markets is planning a major investment to double its sales of nuclear reactors to overseas markets.Areva,Toshiba-Westinghouse and GE-Hitachi are the Three Major Companies in the Global Nuclear Energy Equipment Market.GE-Hitachi is trailing in marketshare due to a […]
Labor shortage and improved opportunities for workers driving up wages China’s massive manufacturing base near the Eastern coast has been driven by cheap migrant labor from the western part of China.Most of the world’s major MNCs have set up manufacturing plants s in China taking advantage of the low labor costs and government support as […]