China- Impact of China on the global business scene

 Parties Who Purchase Structured Settlements There are a lot of companies and corporations that will purchase structured settlements not only in Canada and the United States wherein such payment scheme was initially introduced as well as employed, but also in China as well as other Asian countries around the globe wherein the practice of compensation [...]

Germany Economy Minister Philipp Roesler said on Monday the country’s gold reserves with the central bank cannot be touched, adding his voice to opposition to an idea reportedly discussed at the G20 summit of using reserves to boost euro zone bailout funds. “German gold reserves must remain untouchable,” Roesler, who is head of the Free [...]

Kazakhstan plans to begin construction of a third gold refinery next year to process an expected increase in volumes of the precious metal, the country’s Industry Ministry said on Monday. State miner Tau-Ken Samruk will run the refinery, which will have capacity to produce 25 tonnes of bullion per year and could cost up to [...]

Archipelago Resources (LON:AR.) today declared the start of full production at its 95 per cent owned Toka Tindung gold mine in Indonesia. The mine is now achieving the targeted 1.5 million tonne per annum production rate. This means that the mine is expected to produce at least 60,000 ounces of gold this year, it explained. [...]

Current gold prices are too high to sustain, and high prices will also hamper investment abroad, an executive of China’s largest gold producer by output, Zijin Mining Group Co. , said Sunday. “The gold prices currently are unreasonable,” Lan Fusheng, vice chairman of Zijin Mining, said in an interview with Dow Jones Newswires. “Prices have [...]

Among the basics for the Chinese market: Know who your regulators are

Chairman Mao Zedong’s Red Flag limousine is making a comeback after a $280 million overhaul, seeking to regain its standing as the ride of Chinese leaders from Volkswagen AG’s Audi.

The search for higher yields may undermine the country's banking system

Though they account for less than 3 percent of Spain’s immigrants, Chinese make up nearly 23 percent of the country’s foreign-born entrepreneurs

Myanmar's cheap labor, abundant mineral wealth, and agricultural promise could finally be tapped if Washington decides upcoming elections are fair

In a recent announcement while visiting Jiangsu province, China's Minister of Commerce Chen Deming noted that with nineteen percent of the global population residing in China, the country should account for up to fifteen percent of world trade. China's current global trade volume accounts for just over ten percent of the total. Chen further pointed out that in light of widespread economic difficulties, China's stable growth makes a positive contribution toward global economic recovery. Moreover, with trade surplus accounting for 2.8 percent of the national gross domestic product thus far this year, China's trade is more balanced than it was in 2011.

During a recent visit to Germany, where he attended the Hanover Trade Fair, China's Premier Wen Jiabao made it known at the Germany-China business forum that his government is aiming for bilateral trade to increase by 50 percent by 2015. In 2011, trade between the two countries totaled ?144 billion ($190 billion) with Germany accounting for roughly a third of the trade China conducts with the 27 member nations of the European Union.

At a recent forum in Beijing, China's Assistant Foreign Minister Le Yucheng noted that the United States and China have the responsibility, as well as the ability and wisdom, to forge a relationship characterized by sound interaction and what he termed as "win-win cooperation". Acknowledging the ongoing difficulties between the two countries, Le Yucheng said that "like it or not" this new type of relationship needs to be established between the major economies. Referring to a "networked world of myriad challenges" the Assistant Foreign Minister stressed that cooperation is not a choice, it is the choice that Washington needs to make in its efforts to reconcile with China's rise as an economic power.

The fourth annual BRICS summit, to be held in New Delhi on Thursday, will cover a wide range of topics of interest to member countries ? Brazil, Russia, India, China and South Africa. One of the topics for discussion will be the idea of a multilateral bank funded by developing nations for the purpose of encouraging trade and financing projects in the developing world. This proposed initiative of establishing common institutions is seen as a step toward formalizing the BRICS grouping.

In a news conference following an annual parliament session today, Premier Wen Jiabao said that China will increase efforts to reform its currency program, in order to allow the yuan to float more freely. Noting that in the Hong Kong market non-deliverable forwards (NDFs) had begun to fluctuate both ways, Wen said that this is an indication that the yuan may be near a balanced level. He went on to offer his assurance that authorities will step-up exchange rate reforms.