Diversity is the best means of defense
Premier Wen Jiabao has been a bit naive. He thought he presented his case perfectly that the yuan is not undervalued, without understanding why Americans would fly into a temper. Nobel Prize-winning economist Paul Krugman's call for taking on China was a direct reaction from what the Chinese press called the US government-business-academic coalition against China (smacking of the so-called military-industrial complex in the Cold War era?).
China, Japan cut US holdings
WASHINGTON - China and Japan, the two biggest foreign holders of Treasuries, reduced their positions of US government debt in January as a measure of demand for American financial assets fell to a six-month low.
Deutsche Bank exec eyes ICBC gig
HONG KONG - One of Deutsche Bank AG's top executives in Asia is in discussions about joining Industrial & Commercial Bank of China Ltd (ICBC), the world's largest lender by market value, said people with knowledge of the matter.
Shares of rare earth, tungsten producers soar
SHANGHAI - Share prices of rare earth mineral and tungsten producers soared sharply on Tuesday after the government said it had stopped accepting applications for new mines in order to curb depletion of the valuable commodity.
Emerging markets may swing 20%
SINGAPORE - Antoine van Agtmael, who coined the term "emerging markets", said equities in developing nations are fairly valued and need a "breather" after last year's record rally.
Equities edge up, led by financials, tech
SHANGHAI - Mainland stocks rose the most in a week, led by financial and technology companies, on speculation recent declines were excessive given earnings growth prospects.
Delegations to help tackle trade conflicts
BEIJING - China will organize more overseas trade and investment delegations this year, in a bid to boost its imports and alleviate trade conflicts, the Ministry of Commerce said on Tuesday.
Rubber demand up on vehicle sector expansion
Beijing - China's natural rubber production growth may be little changed this year as a drought in key growing regions curbs output, said Zhu Xiuyan, president of the China Natural Rubber Association.
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