Archive for July 22nd, 2010
China Business – ECLAC warns against abrupt withdrawal of economic stimulus
Thursday, July 22nd, 2010SANTIAGO, July 21 (Xinhua) — A United Nations official warned Wednesday against the abrupt withdrawal of anti-crisis stimulus packages in Latin American and the Caribbean. “The withdrawal of fiscal programs ought not be done until there is an increase in private consumption and economic activity,” Alicia Barcena, executive secretary of the U.N. Economic Commission for [...]
China Business – Central bank may let yuan fall to support export firms
Thursday, July 22nd, 2010By Li Qiaoyi China’s central bank may allow the yuan to fall against the dollar if necessary, a central bank advisor was quoted as saying by a Japanese newspaper Wednesday. China shows no signs of a double-dip, “but now that there is flexibility in the yuan, the exchange rate of the currency will decline if [...]