The expected double-digit growth for a fifth consecutive year did not necessarily mean the Chinese economy was free from disturbance. A glance through the media catchwords of 2007 may offer a rough idea about the critical issues China has been facing over the past year.      "Sound and fast"     To guide national economic development, the Central Economic Work Conference called for a "fast...

The presented article is intended for those who just turned their eyes toward FOREX. Beginning traders who are still learning the basics of the foreign exchange market may also find something of interest here. While experienced traders won’t gain anything worth their time reading this article. Basically there are 4 steps which can be defined as “must do“ for those who wish to start trading...

First what is Forex: The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily, dealing in currencies. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another. The Forex, or foreign currency exchange, is all about money....

Just because you may be stuck in dollars and feel like being in a canoe full of holes and without a paddle, does not make you an unwise investor. To have bought a house that does not appreciate in value, or in fact is doing the opposite at the moment, does not make you an unwise investor either. To be a victim of temporary derailment due to a veritable cocktail of various negative circumstances, none of which can be of permanent nature,...

We come face to face with our local money every day. The time will come when some of us will need to make or receive a payment in a foreign currency.   To jump this hurdle, we go to the bank to handle the currency exchange, or to a number of foreign currency exchange companies we can find on the internet, who will invariably quote far better rates of exchange. Believe me they will, they could not exist if they did not offer a better deal....

The Chinese government would further allow the market to determine the RMB exchange rate and more flexibility to the RMB band, Chinese Premier Wen Jiabao said Wednesday. Wen made the remarks during a speech at the fourth EU-China Business Summit held here, which attracted about 500 entrepreneurs from China and the European Union (EU). However, the premier also emphasized China would improve the RMB exchange rate regime "in a proactive,...

China's currency, the renminbi (RMB), hit a new high against the U.S. dollar on Thursday breaking the 7.36 mark. The central parity rate stood at 7.3568 yuan against one dollar, the Chinese Foreign Exchange Trading System said. It was the 78th occasion this year that the yuan had reached a new high against the greenback. The yuan climbed 79 basis points from its previous trading of 7.3647 yuan against one dollar. As of Thursday,...