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Further appreciation of renminbi denied
The central bank yesterday denied there would be further appreciation of the Chinese currency, saying last week's 2 per cent revaluation did not mean more adjustments.
Soaring forex reserve challenges China's financial strategy
A central bank report released in Beijing recently said that China's foreign exchange reserve reached US$711 billion in June, up 51.1 percent from a year earlier. The increase in the foreign exchange over the first half of the year was US$101 billion, about US$33.7 billion more than the figure in the same period of last year.
Chinses postal business to be split into sectors
Reform of the China's postal system, which has been in the pipeline for a couple of years, was finally approved on Wednesday by the State Council, China's cabinet.
Impact of stronger yuan will be small
The revaluation of China's currency the renminbi, or yuan, will not have much impact on the country's economy, it was agreed on Friday.
San Francisco Beaches
Adding a beach to your San Francisco agenda may be a great way to slow down the frenetic pace of sightseeing and enjoy a more relaxed appreciation of San Francisco's natural beauties. Visit San Francisco Beaches for more information.
Beijing prepares Olympics security measures
Beijing police have started to build up higher standard of security policy and inspection in an effort to be well prepared for the coming Olympics Games 2008. It is getting ready for the Olympics Games highlighting the security measures after the London terrorist attacks on July 7.
Provisional measures takes in effect on Chinese textile
Chinese textile manufacturers started to export to the European Union under provisional quota allocation measures yesterday. According to management measures published by China's Ministry of Commerce (MOFCOM), quotas in 10 categories of Chinese textile products now apply to around 5,700 enterprises across China.
China have New rules for foreign investors in steel sector
Foreign investment into China's steel industry is supposed to come along with the upgrading or relocation of existing steel producers in the country. But the government will not consider new sites for foreign business expansion, the blueprint said.
Bermuda Cruise Guide
At just twenty-one square miles in size, the island of Bermuda in the Western Atlantic is one of the smaller destinations in the world to visit on a cruise ship. Only a day and a half sailing from the U.S. East Coast, a Bermuda cruise will introduce you to a tropical gem of an island that is a world away from The Bahamas and other Caribbean island communities. If you want to experience the quintessential English lifestyle set to a calypso beat, Bermuda is the place to go!
China's central bank to maintain moderate monetary policies
The People's Bank of China (PBOC), China's central bank, will take moderate monetary policies to maintain a steady growth of bank loans, promote the development of the interbank market and enhance the reform of domestic financial institutions in the second half of this year, according to a statement publicized yesterday by the bank.
China automakers gear up to go overseas
Geely and fellow Chinese upstart Chery Automotive are gearing up for expansion overseas, having seen sales of their compact cars soar in China at a time of slowing growth for bigger automakers like Volkswagen and Toyota.
Beautiful Vancouver, City of the Sea & Mountains
Vancouver is a great city to visit as one can really see how a major city can still be in very scenic surroundings. For those coming to Vancouver as the departure port of a cruise to either Hawaii or Alaska, it is highly recommended to allocate at least a full day before or after the cruise to see what the city has to offer. As I mentioned before, on a sunny day with the sea on one side and the mountains on the other, Vancouver is really hard to beat.
What You Need to Know About Portsmouth City
Life materializes to be calm and complacent and all the worries gradually peter out as one enters the beautiful seaside town- Portsmouth. Portsmouth was initially a ship building center has a rich historical past that is even reflected in the preset day life and functioning of it. Portsmouth has undergone emergence and downfalls but now it has established itself as an adorable and cherished tourist destination.
Atlantic City Option
Atlantic City is a great destination point and excellent for couples, as there new promotional advertising says; "Atlantic City is for Lovers." Las Vegas a over the last decade had concentrated on events and families. But if you want to get away from the kids, Atlantic City is the right ticket. Top name entertainers, great restaurants and outdoor shopping along the boardwalk at a wonderful 85-90 degrees, none of this 116 stuff like in Vegas.
Paris Travel Guide
Life never sleeps in the capital city of France - Paris. The City of Lovers or the City of Lights, the city of Paris is exceptional for it has not just one but a multitude of attractions that leave each and every visitor bizarre. The aura of Paris is such that the visitors are left spell bound. Paris is so rich in its exotic and prized possessions that it becomes difficult to explore the entire city within a few days.
China loosens control of insurance funds
Insurance institutions in China will soon be allowed to invest in a broader field, according to the country's insurance regulator.
China Central Bank Denies Yuan Revaluation Coming
China's central bank has denied it was planning to announce a revaluation of yuan after the Bush administration reportedly told key senators that it expects such a move.
China begins to issue US$4.2b worth of treasury bonds
China began to issue 35 billion yuan (US$4.2 billion) worth of book-entry treasury bonds as of July 15, the Ministry of Finance announced Friday.
Train to Los Mochis
The most spectacular part of the journey is between Creel and Los Mochis. This is one reason for catching the earliest and fastest train from Chihuahua. The 7:00 a.m. train known as Servicio Estrella will get you into Los Mochis just after 7:00 p.m. so that, depending on the time of year, your entire journey may be made in the light. Since the windows of the train do not lower, you will want to stake out a place between the cars at certain points along the trip to get the best photos.
Visit Pismo Beach California
Are you looking for a vacation spot where you can relax, unwind and get rid of every day stress without dying of boredom? Why not visit Pismo Beach, California? Pismo Beach is situated on the central coast of California just about midway between Los Angeles and San Francisco. You can get there by car, camper, boat, rail, bus or you can fly into San Luis Obispo County Regional Airport.
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