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March 19, 2010

Chongqing network real-name system: Chongqing Municipality will gradually start the network real-name system

Filed under: Financial News — Tags: — sherry @ 12:42 am -0700

Chongqing network real-name system: Chongqing Municipality will gradually start the network real-name system
News on March 18, 2010: It is learned that Chongqing has nearly six million Internet users, averagely, every two people have one mobile phone, in the face of such a large social groups and information flow, Chingqing City will take actual situation as the way to strengthen management and guidance, and the subsequent introduction of network management, relevant laws and regulations clear network operation business, the legal responsibility of Internet users to gradually start the network real-name system.

City network monitoring component will also strengthen on-line inspections, increase the network QQ group, micro-blog, cell phone text messages and other illegal and criminal acts carried out the crackdown. In order to ensure public safety, the city will also speed up the pace of building video surveillance system, to the end of 2012 the total city-wide surveillance cameras will be up to 0.5 million, the complex law and order in key industries, key areas are included in video surveillance.

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March 17, 2010

RMB appreciation: The United States is the greatest oppression of appreciation of the RMB exchange rate manipulator

Filed under: Financial News — Tags: , — sherry @ 11:34 pm -0700

RMB appreciation: The United States is the greatest oppression of appreciation of the RMB exchange rate manipulator
Recently, the U.S. 130 senators wrote to the Ministry of Finance jointly demanding Obama administration to give RMB exchange rate pressure on China, there are reports that the U.S. intends to list China as a “currency manipulator.” This is really ridiculous, I believe that the U.S. is the biggest currency manipulator.

First of all, the U.S. dollar trend is always matching with the U.S. economic recovery. The U.S. dollar policy adjust adjustment is full of self-interest and unilateralism. The appreciation of the renminbi is a weapon of oppression, which forces China to open its financial market in the concessions, this is the major U.S. strategic intentions. The war for currency exchange rate has already begun.

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RMB appreciation: Ministry of Finance later this month will launch a new round of RMB revaluation pressure test

Filed under: Financial News — Tags: — sherry @ 11:23 pm -0700

RMB appreciation: Ministry of Finance later this month will launch a new round of RMB revaluation pressure test
21st Century Business Newspaper revealed that the Ministry of Finance later this month will launch a new round of RMB revaluation pressure tests, research will aim at the Guangdong, Zhejiang, Jiangsu provinces and Shanghai’s general trade, processing trade enterprises. Before that, after the Ministry of Commerce and the Public Letter Ministry of labor-intensive industries have made a corresponding test, observers have pointed out that employment instability will be the greatest threat to the yuan’s rise, only the textile industry, nine or more have the poor compression ability, once the RMB is appreciated, 25 million people will face the impact of employment.

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