BEIJING Wuswusq Reported- China's balance of payments recorded a surplus in the first quarter of 2011. Nevertheless, the amount of surplus is down 18 percent from the same period last year.
China's trade balance, which could affect world trade, reaching USD29, 8 billion in the first three months of this year. This was revealed by the State Administration for Foreign Exchange (SAFE), China said in a statement, as quoted by AFP on Tuesday (24/05/2011).
This figure is markedly lower when compared to the fourth quarter of last year which amounted to USD102, 1 billion. While direct investment into the country's second largest economy in the world reached USD42, 6 billion in the first quarter compared to the previous $ 39, 1 billion.
In 2010, China's current account surplus jumped 17 percent to USD305, 4 billion, where the demand from the United States (U.S.) and Europe toward China, rebounded after the global financial crisis.
While the increasing demand for Chinese goods to encourage growth. This means China's central bank, must work harder to control the value of the yuan and to stem the flood of liquidity, which has fueled inflation.(Wuswusq)
SINGAPORE Newsecoinfo Reported- Asian stocks slid amid signs of slowing U.S. economic recovery, and this pushed global stocks and oil prices lower than the previous day.
As quoted by Reuters on Tuesday (05/17/2011), the Nikkei average (N225) slumped more than three percent during the last three sessions, and is in line with the weakening of other risky assets. Another factor is that investors expected the U.S. Federal Reserve's stimulus program that could be completed at the end of June.
Sendoro Nikkei fell 0.44 percent, while the Topix (TOPX) fell 0.64 percent. As for Indekx MSCL's Asia-Pacific stocks outside Japan (MIAPJ0000PUS) fell 0.21 percent, and it extended the decline from two weeks ago. But there are several markets, including in Singapore closed for a holiday.
The decline in Asian stocks following Wall Street is, the Hang Seng Index fell 34.46 points (0.15 percent) to the level 22926.17. Seoul index fell 6.38 points (0.30 percent) to a level of 2097.80. Straits Times Index fell 27.20 points (0.86 percent) to a level of 3136.48.
However, this decrease is not the result of the arrest of the IMF boss Dominique Strauss-Kahn over alleged rape trial. Indeed, the negative sentiment in political circles of France and the IMF, but has no effect at all on the Asian market.
Meanwhile, Wall Street apparently did not hold strong negative market sentiment, the results led the Nasdaq stock exchange the United States into the red zone.
This weakening in hatched by Nasdaq which slipped quite sharply by 46.16 points (1.63 percent) to a level of 2782.31, while the Dow Jones industrial average closed down 47.38 points (0.38 percent) to the level 12548.37 and the broader Standard & Poor's 500 index also fell 8.30 points (0.62 percent) to as low as 1329.47 In trading on Monday (Newsecoinfo)
WASHINGTON Newsecoinfo Reported - In 2025 the coming six major countries namely Brazil, China, India, Indonesia, South Korea, and Russia will enter the global growth and the international monetary system. Therefore, trade seprtinya no longer dominated by the single currency (USD).
It is revealed from the World Bank press release received by Legal Tuesday (05/17/2011). World Bank says, the shift map of the economy managed to push the growth in low-income countries through cross-border commercial and financial transactions.
This positive response by the Global Development Horizons 2011 multipolarity. He said, will form a new global economy, a group of developing economies. Economic groups will grow an average 4.7 percent per year between 2011 and 2025.
"rapid rise in developing countries has encouraged a shift, where economic growth centers distributed across the developed and developing countries," said World Bank chief economist who is also senior vice president for development economics Justin Lin Yifu.
Meanwhile middle class is expected to grow by 2.3 percent in the same period, but will remain prominent in the global economy in Europe, Japan, the United States. In addition, all predicted to play a central role in the problem of fuel. "That's really a multipolar world," he added.
He also estimates that, if the emerging market (developing countries) and the growth of multinational companies into force in reshaping the global industry, with investments growing rapidly. (Newsecoinfo)
BEIJING Wuswusq Reported- China's balance of payments recorded a surplus in the first quarter of 2011. Nevertheless, the amount of surplus is down 18 percent from the same period last year.