Chinese executives are reducing support for a stronger yuan

Chinese executives are reducing support for a stronger yuan, as U.S. critics easing to weaken the dollar and fueling asset bubbles in emerging market economies. Shen Wenrong, president of Jiangsu Shagang Group Co., the nation's largest private steelmaker, said China should allow only a "token" recognition while the U.S. is "printing money to fuel inflation." Ma Weihua, executive director of China Merchants Bank Co.., Said the yuan should not go "too fast" and the Federal Reserve should show more restraint after announcing plans to buy 600 billion U.S. dollars of Treasury bonds. Jingjiang Xia, general manager of Topshow Outdoor Products Co.,...

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India M & A may exceed the record 71 billion U.S. dollars this year of the agreements

India M & A in 2011 may exceed the record 71 billion U.S. dollars this year of the agreements, led by oil and gas, metals and mining companies, according to M & A bankers like Topsy Standard Chartered Plc Mateo . $ 10,700,000,000 billionaire Sunil Mittal's acquisition of mobile operators in Africa was an almost fourfold increase in acquisitions this year exceeded 2,007 offers from 69 billion. "Large Indian corporations are going through a growth phase: it is thought that there are plenty of opportunities, they think they have access to capital", 35 years old, Mathew, CEO of M & A for India, said in an interview Dec. 27. The London-based bank rose 13 places to number two among India acquisition advisers this year, its highest level. "They are taking advantage of positive sentiment...

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China may need to build more affordable housing next year

China may need to build more affordable housing next year provided 10 million units as the target can not be "sufficient" to meet national demand, according to the International Strategy and Investment Group. The Government plans to almost double the supply of affordable housing 2011 of 5.8 million units this year, as it introduces more measures to curb property speculation, Prime Minister Wen Jiabao said in a radio program on 26 December. "During the last decade, a delay of about 20 million homes have to be satisfied," said Donald Straszheim, director of Los Angeles, research in China in the ISI, which ranked first in the categories of macro and Economics survey by Institutional Investor magazine last year. Increasing the supply of housing is one of the measures China took this year to...

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Brazil raised its tariffs on toy imports from China

Brazil raised its tariffs on toy imports from China in a bid to help the South American country, manufacturers of administrative officers affected by an increase of 37 percent of the real against the yuan over the past two years. Tariffs on 14 types of toys ranging from dolls and puzzles for tricycles and electric train sets will increase to 35 percent from 20 percent until late 2011, the Chamber of Foreign Trade said in an emailed statement yesterday . The chamber said it was acting at the request of toy manufacturers to help Brazil, Äúfight, AU increased imports, 90 percent of whom come from China. The higher tariffs affect goods whose imports totaled 290 million U.S. dollars between January and November this year, according to the Ministry of Commerce. China, the Ministry of Commerce...

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Lawson CEO plans to open about 10,000 stores in China in 2020 "drinks, food and magazines"

Lawson CEO Takeshi Niinami Inc. plans to open about 10,000 stores in China in 2020, selling drinks, food and magazines. To remove it, the Tokyo-based executive is packing its bags from Shanghai. As the second largest Japanese convenience store operator plans to boost sales outlets in more than 30 times, Niinami, 51 from China, will spend a month in the country since May and in less than a year, said a press conference in Tokyo on 20 December. Lawson is also training to recruits of China in Japan to work as managers of the stores in their country of origin, where the company lags behind rival Seven & I Holdings Co. and FamilyMart Co. "To...

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