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Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

March 14, 2012

Have The Globalists Invaded China?

It's difficult to gauge what China's views on the Globalists are and if they are managing to prevent the Globalists from infiltrating their country. As the Chinese economy grows and demand for its capacity to manufacture goods increases, the biggest problem the Chinese will face is not the threat from environmental disaster or the looming economic collapse of Europe, it's the invasion of the Globalists.

The implementation of the New World Order is the main priority of the Globalists. The United States of America, Europe and Australia have all succumb to the lure of the Globalists. Corruption in banks, major corporations and government has dismembered the United States, European and Australian economies. However, the fastest developing economy in the world (China) is apparently resisting the temptation of the Globalists. Sadly, this won't last for long and the Globalists have already began their efforts to invade China.

Do not be fooled in thinking that the Globalists haven't already invaded China and commenced infiltrating their private and public institutions. In fact, over the last 10 years in China, the presence of the Globalists and Elite has been growing at a steady pace.

Recently, one of the world's most powerful Globalists George Soros, invested $40 million in the $2.8 billion IPO of a Chinese Jewellery company called Chow Tai Fook Jewellery Group Ltd, according to a report from Forbes. The Chow Tai Fook Jewellery Group Ltd listed on the Hong Kong Stock Exchange reportedly on December 15. Surprisingly, the Chow Tai Fook Jewellery company is valued more than Tiffany's.

Another Globalist, Warren Buffett, invested in PetroChina Company Limited. It was rumoured that shortly after, he sold his stake in PetroChina Company Limited and profited around 3.5 billion US Dollars. In 2008, during the month of October, he also invested in an automotive organisation through the purchase of around 10% of the organisations value of which totalled around 230 million USD.

Bill Gates, one of the world's most wealthy Globalists is now in talks with the Chinese Government to invest in nuclear power through an organisation called TerraPower. TerraPower is a subsidiary of Myhrvold's, and the company is building nuclear traveling wave reactor technology, which apparently is a relatively new type of small nuclear reactor design that can use the waste byproduct of the enrichment process, or waste uranium, for fuel. It is not yet known how much of an investment Bill Gate's will make, however what is known is that the funding will be provided thought the Bill & Melinda Gates Foundation.

Obtaining information about investment in China is difficult and the Chinese are usually reluctant to divulge any commercially sensitive information that they perceive could harm their interests. The Globalists need china and their plans of invading China via economic manipulation have already begun.

What the Chinese Government and its citizen need to be aware of is that these Globalists will stop at nothing to take over their banks, corporations and government. Thankfully, the Globalists are struggling to enter China, but as China continues its rapid expansion globally and becomes the new world superpower, resistance to the Globalists lies will become more and more difficult.

Will the Chinese fall for the Globalists like the Americans, Europeans and Australians did?

Welcome to The Globalists Report, Have you ever wondered why millions and millions of people around the world are talking about the New World Order? Well, it's because the Globalists have been publicly telling us that they are preparing the World for the introduction of the New World Order for more than 50 years.


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November 12, 2011

China to Claim the Moon as Their High Ground - Of Course They'll Try

Who owns the Moon? If you said; Nobody! Then you'd be absolutely correct and thus, you could advance to; "Astronomy for $800 Bob!" Just as putting a flag at the bottom of the North Pole under the ice doesn't give a nation dibs on that land, neither does putting a flag on the moon. Now then, what if someone, or some country established a Moon base, colony, or started setting up housing, could they claim that territory, crater, or area? Perhaps, and yet, what government could rightfully grant the deed to that property? Good question.

Some believe that China wants to claim the Moon for itself, right after it takes Taiwan and the South China Sea perhaps? Anyway, there was an interesting and scary article posted to Space Review Online recently, written by Jeff Foust titled; "Fear of a Chinese Moon," appropriately on Halloween October 31, 2011. The article had a quote from Robert Bigelow stating; "I think nothing else the Chinese could possibly do in the next 15 years would cause as great a benefit for China" as claiming the Moon."

Okay so you are laughing now right, well don't because it would be right in-line with how China operates. And Robert Bigelow ought to know, as he owns the company that makes those inflatable space station habitats. Still the article points out that; "he's using the platform he has as one of the nation's leading space entrepreneurs to broadcast a warning about an unusual, even quixotic, threat to America's space ambitions: that China will, in effect, seize the Moon."

Well, nothing like putting the fear of god and a challenge out to the American Entrepreneurs to get with the program or relinquish that bygone opportunity to Red China, a Red Moon that is. Happy Halloween I say, that would be a cold-day in October indeed. Still, you think it couldn't happen? And what if it did, what if China claimed the Moon for herself along with its riches of diamonds, and Rare-Earth-Elements REEs, or rather AMEs Abundant Moon Elements? I dare to ask the question because Sci Fi authors have long since asked the questions in their many novels and movies. What if?

It only stands to reason that China might attempt to do this, as I am certain the Russians, or even our own nation, or at least some in our nation may have wanted to do previously. There is a lot of advantages to having a large solid platform like the moon available for a country's needs, wants, or even military ambitions, still, I am not going to make any conclusions here, as this article is merely to get you to think.

Lance Winslow has launched a new provocative series of eBooks on Future Concepts. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank; http://www.worldthinktank.net/


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August 21, 2011

China Is Said to Be Surpassing the US in Innovation - Baloney

The Chinese control their media, and they love to purport nationalistic propaganda. However, folks in the United States reading their information should take it all with a grain of salt. Indeed, we've all heard quite a bit about how China is going to surpass the United States militarily, economically, educationally, and eventually dominate all industries and technologies. Often the articles we read in the mainstream media, and the international press say that China is surpassing the US and innovation, invention, and new concepts. To this I say; baloney.

In the Wall Street on August 18, 2011 there was an article by Nathan Hodge titled; "China Debuts a Drone at Robotics Show," but the picture accompanying the article shows nothing more than a radio controlled quad-copter, the kind that kids here in Junior High School science classes are playing around with these days. Any difference, oh sure, better sensors, designed and innovated in the US, just like the quad-copter which you can buy off the shelf at Wal-Mart just put in the AA batteries.

The photo did show a sleek body, kind of cool but really, that's just the thin plastic body, and we know they have lots of injection plastic molding companies there, and really that design too could have easily been ripped off from the US. The article stated;

"China made its debut this week at the world's largest robotics tradeshow when a Shinzhen-based firm showcased its F50, a small drone with a high definition video camera that a company brochure billed as a tool for monitoring protests. The relatively small, short range drone, about the size of a pizza pan, in the drone market underscores the ever increasing international competition in the market for unmanned aerial vehicles and military robots."

The number of scientific research papers published in the last five years in China is up substantially, it is truly amazing, until you read some of them. Apparently, after "simple" peer review it seems that 45% of them contain errors, mistakes, cheating, bogus data, plagiarism, and many just defy logic, physics, and are nothing more than creative writing projects. China's students at the lower levels show higher math scores than US students, but when you pit Asian American students against Chinese students they are statistically practically equal.

The Chinese have filed record number of patents in recent years as well, however on closer scrutiny we see most of those patents are nonsensical, and less-than-innovative at least by US standards. There is not much creativity there. Nothing to impressed with, and yes, occasionally there is a diamond in the rough, but usually it is borrowed technology or ripped off proprietary information. Okay so, maybe I am being too hard on the Chinese, as there is a small percentage of decent patents being filed, but they are far and few between really.

Luckily for China, even with all this mediocrity, they have the massive numbers of people, even if only a few of these innovations are legitimate or revolutionary they certainly have some amount of promise on the innovative front, but they aren't off to a very good start, and they are hardly challenging us presently in any major way. In the future, surely they will grow up, get with the program, and perhaps be able to compete with us head-to-head. However, I doubt if that will be for a couple more decades. So if we are wise we have plenty of time to upgrade our own society, way of thinking, and push the boundaries of the unknown.

We have the right mindset, the right culture, and the right attitude to remain the world's greatest nation ever created for 100 more years, if we will walk our own talk. And I must say we are not doing so shabby as it is. Still, that doesn't mean there isn't work to do or we should rest on our laurels. There is more to conquer in the future, yes, there surely is. But if we are going to use China as a measuring bar that would be a silly mistake, and we would have to backtrack pretty far to do it. Indeed I hope you will please consider all this and think on it.

Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank. Lance Winslow believes writing 24,500 articles by August 24th or 25th will be difficult because all the letters on his keyboard are now worn off now..


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November 30, 2010

Wikileaks row: China wants Korean reunification, officials confirm - The Guardian

 Night dancing in Kim Il-Sung Square, Pyongyang, North Korea. The Guardian revealed today that senior figures in Beijing told their South Korean counterparts China was leaning towards acceptance of reunification. Photograph: Dan Chung
China supports the "independent and peaceful reunification of the Korean peninsula" and cannot afford to give the North Korean regime the impression it has a blank cheque to act any way it wants, Chinese officials based in Europe said today.
The officials, who asked not to be identified, spoke after the Guardian revealed that senior figures in Beijing, exasperated with North Korea behaving like a "spoiled child", had told their South Korean counterparts that China was leaning towards acceptance of reunification under Seoul's control.
China's moves to distance itself from the North Korean regime were revealed in the latest tranche of leaked US embassy cables obtained by Wikileaks and published yesterday by the Guardian and four international newspapers.
One Chinese official said today reunification was not going to happen overnight and China's first priority was to calm down the situation, restart a dialogue, and maintain stability in the region. But Beijing had always backed peaceful reunification as a longer term goal.
The officials admitted to a sense of frustration in Beijing over North Korea's recent actions, including its nuclear and missile tests – which China opposed – and last week's lethal artillery bombardment of a South Korean island.
A general discussion was continuing about the direction of North Korea policy, another official said. North Korea produced strong feelings among the Chinese leadership and public, and China had to be careful. Beijing wanted to maintain its friendship with Pyongyang. But it did not want to be led by the nose.
The officials expressed optimism that talks between the North and its regional interlocutors, South Korea, China and Japan, could be successfully restarted, despite Washington's dismissal of China's proposal as "PR activity".
South Korea might be tempted to indulge in tit-for-tat actions against the North, one official said. But a new war on the peninsula was unimaginable; it would be devastating for the two Koreas and for the region as a whole. Therefore China was trying to provide a steadying hand. If the current tense situation was allowed to escalate, North Korea was capable of taking radical actions.
The officials said the Chinese government was talking to the North on a regular basis; there were many channels that could be used. But the North was a proud nation and China could not ultimately control it, they said. Beijing told the North's leaders what it thought – but sometimes they behaved irrationally.
"We do not have an effective way to influence them. Sometimes when we try it only makes things worse," a senior Chinese diplomat said.
Referring to last week's artillery attack, the diplomat said it could be part of what North Korean leaders described was their strategy of "setting a fire under the Americans" in order to get their attention and win concessions.
There was growing evidence the Chinese public was running out of patience with the North's behaviour and this influenced the Chinese leadership's thinking, the diplomat said, adding that, in short, there was a limit to China's patience.
Officials described the Wikileaks disclosure of secret and classified US embassy cables relating to the Korean question as mischievous. When reading the diplomatic reports, they said, it was essential to distinguish between the personal opinions of those quoted and official government policy.
The Chinese foreign ministry spokesman noted the Wikileaks reports and urged the US to "appropriately resolve related issues" before declining further comment.
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November 20, 2010

Bernanke Blames China For Currency Policies - Forbes

When Ben Bernanke talks, the world stops to listen. Early Friday morning, the Fed chairman spoke at a European Central Banking Conference in Frankfurt, where he defended his policy of quantitative easing and accused China and other emerging markets for undervaluing their currencies and causing global imbalances. Bernanke also called for more fiscal stimulus but for being mindful of the deficit.
Bernanke seemed to lay blame for the so-called "currency wars" on China and other fast-growing emerging economies. "Currency undervaluation by surplus countries is inhibiting needed international adjustment and creating spillover effects that would not exist if exchange rates better reflected market fundamentals," said Bernanke in Frankfurt on Friday.
Speaking to Europe's central bankers, the chairman of the Federal Reserve attributed the large capital inflows experienced by emerging economies to their foreign exchange policy, which he considered to be incompletely adjusted. Investors, in part seeking "return differentials that favor emerging markets" are actually being drawn by "additional returns [from] expected exchange rate appreciation," said Bernanke.
China was a clear target in Bernanke's speech. The Chinese, along with finance ministers from countries such as Germany and Brazil, have accused the U.S. of deliberately depreciating its currency to the detriment of the global recovery. The policy of reserve accumulation, which is the means by which surplus countries manipulate their currency, grew to "six times their level a decade ago" to over $5 trillion. "China holds about half of the total reserves," countered Bernanke.
The bearded academic also denied that his institution's second round of long-term asset purchases, dubbed QE2, was responsible for the weakening of the dollar. "Much of the decline over the summer in the foreign exchange value of the dollar reflected an unwinding of the increase in the dollar's value in the spring associated with the European sovereign debt crisis," noted Bernanke. The depreciation of the greenback is due to "changes in investor risk aversion" and the "underlying strength and stability that the U.S. economy has exhibited over the years," he said.
Bernanke asked emerging economies to allow exchange rates to be set by market forces to "reflect market fundamentals." This would in turn "shift demand from surplus to deficit countries."
"The international monetary system has a structural flaw: it lacks a mechanism, market based or otherwise, to induce needed adjustment by surplus countries, which can result in persistent imbalances," repeated Bernanke, making no reference to deficit countries, the other side of the imbalance.
Quantitative easing has come to be the term by which the Fed's easing has been referred to in the U.S. The chairman considered the usage "inappropriate" as quantitative easing, he says, "typically refers to policies that seek to have effects by changing the quantity of bank reserves, a channel which seems relatively weak." He contrasted it with the actual policy, by which "securities purchases work by affecting the yields on the acquired securities and, via substitution effects in investors; portfolios, on a wider range of assets."
Bernanke was joined in a panel by IMF boss Dominique Strauss-Kahn, European Central Bank president Claude Trichet, and Brazilian central bank president Henrique Meirelles.
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November 16, 2010

42 killed, 90 injured in China fire - CNN

The 28-story building was under renovation when it went up in flames, according to Xinhua.NEW: Death toll jumps, according to state mediaNEW: Residents tell media that renovation workers threw cigarette butts in hallsThe building is home to 150 familiesOfficials do not know the cause of the fireiReporter Karl Loo lives near the building and was there about a half-hour after the fire started. See his dramatic video from the scene.
Beijing, China (CNN) -- A fire at a high-rise building in Shanghai killed at least 42 people and injured more than 90 on Monday, China's state media said.
The 28-story building was under renovation when it went up in flames, the Xinhua news agency said.
Witnesses said a scaffolding caught fire, and flames then spread to the building.
Firefighters rescued more than 100 residents from the burning building. The building houses 150 families, the news agency said.
"I can smell the smoke and police have pushed onlookers farther away," said Peijin Chen, a freelance photographer who lives across the street from the building. "I saw people taken out and put on stretchers."
Officials do not yet know the cause of the fire. But local media reports quoted residents as saying fire prevention measures had been lax since renovations began a month ago, and that workers frequently threw their cigarette butts into the hallways.
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November 10, 2010

Cameron warning over China trade - BBC News


10 November 2010 Last updated at 11:56 GMT David Cameron at Peking University David Cameron said that China's economic power gave it economic and political "responsibilities" UK Prime Minister David Cameron has stepped into the row over "currency wars" with a warning that China should act to correct its trade imbalance.

In a speech at Peking University, he said that China's export success was a potential threat to other economies.

China's huge trade surplus is in part attributed to the weakness of the yuan, which helps the country's exporters.

But ahead of the G20 summit, China's President Hu Jintao said countries must "face their own problems".

Latest figures show that China's trade surplus rose to $27bn (£17bn) in October, despite rapid economic growth in the country starting to cool.

Critics blame Beijing for keeping the yuan artificially low, which helps boost exports and has led to China building up massive amounts of foreign reserves.

Mr Cameron, who is leading a trade mission to the country, said he wanted "to make the positive case for the world to see China's rise as an opportunity, not a threat".

'Responsibilities'

He said China can play a leading role in dealing with economic problems as the world emerges from recession.

But China's increasing economic muscle has given it "responsibilities" both economically and politically, said the prime minister.

In an apparent reference to the low valuation of the yuan, Mr Cameron said: "The truth is that some countries with current account surpluses have been saving too much while others like mine with deficits have been saving too little.

"And the result has been a dangerous tidal wave of money going from one side of the globe to another.

"We need a more balanced pattern of global demand and supply, a more balanced pattern of global saving and investment."

Critics, especially in the US, have called for tariffs on Chinese imports unless the yuan is allowed to appreciate.

It is feared that other countries will rush to allow currency devaluation to also make their exports more competitive.

The issue will be a key topic at the G20 summit in South Korea on Thursday and Friday.

Interference

However, in an interview with China's official Xinhua news agency, President Hu Jintao told countries to "face their own problems" rather than casting blame.

Separately, China's vice foreign minister Cui Tiankai rejected foreign interference in what Beijing regards as an internal matter.

"The recent crisis was certainly not caused by China's currency," he said in an interview.

An he warned that the summit should not descend into a row about currencies. If either side "chooses a confrontational approach, I think everybody will come out as losers", he said.

Meanwhile in London, Mervyn King, the governor of the Bank of England, also called for co-operation, not confrontation, at the summit.

"I hope that at the G20... we will get a co-operative message rather than some of those that we have been getting in the last few days and weeks."

But he said that the G20 must agree to let current account imbalances unwind, rather than impose targets and policy instruments.

This, he said, was in the collective interest.

"Unless we recognise that... then we will face a situation where more and more countries will resort to policy instruments that in the end will be damaging to everyone. It is that serious."


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November 8, 2010

GLOBAL ECONOMY-Obama fires back after China slates Fed's QE2 - Reuters


* Obama says U.S. low-growth or no-growth danger to world

* China says U.S being irresponsible over QE

* Russia says G20 should have been consulted ahead of QE

* G20 meets in Seoul Nov. 11, 12

By Patricia Zengerle and Krittivas Mukherjee

NEW DELHI, Nov 8 (Reuters) - U.S. President Barack Obama defended the Federal Reserve's policy of printing dollars on Monday during a trip to India, after Chinese officials stepped up criticism ahead of this week's Group of 20 meeting.

The G20 summit has been pitched as a chance for leaders of the countries that account for 85 percent of world output to prevent "currency wars" from spreading to become a rush to protectionism that could imperil the global recovery. [nSGE6A703T]

It has been overshadowed by disagreements over the U.S. Federal Reserve's quantitative easing (QE) policy under which it will print money to buy $600 billion of government bonds, a move that could depress the dollar and cause a potentially destabilising flow of money into emerging economies.

"I will say that the Fed's mandate, my mandate, is to grow our economy. And that's not just good for the United States, that's good for the world as a whole," Obama said.

"And the worst thing that could happen to the world economy, not just ours, is if we end up being stuck with no growth or very limited growth," he said. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

For more stories on G20 issues [ID:nTOE69K01G]

SCENARIOS-Can G20 make FX, trade progress [ID:nSGE6A703T]

Graphics

- Surging capital inflows: r.reuters.com/hep83q

- G20 economies (interactive):link.reuters.com/men39p Basel III: reshaping the rules: r.reuters.com/zys68p ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

The U.S. has frequently criticised China, saying it deliberately undervalues its currency to boost exports.

*We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.

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October 31, 2010

China bids farewell to successful Shanghai World Expo - Xinhua


by Xinhua writers Wu Chen, Liu Jie and Xu Xiaoqing

SHANGHAI, Oct. 31 (Xinhua) -- China staged a series of performances, parades and forums here Sunday to celebrate the end of the Shanghai World Expo, which International Exhibitions Bureau (BIE) President Jean-Pierre Lafon called an "astounding success."

The first of its kind staged in a developing country, the event attracted 246 participating countries and international organizations and 73 million visitors. Both figures are records in the history of expos, the first of which was held in London in 1851.

On an area of 5.28 square kilometers, the Expo Site has become a global village where people can not only see rare cultural treasures from around the world -- the bronze chariot and horse sculpture from China's Warring States period, the statue of Athena from Greece and French impressionist masterpieces, for example -- but also get a taste of the diversity of the world's cultures through more than 20,000 cultural events.

The gala is eyed in China as another event of national splendor after the 2008 Beijing Olympic Games showcased China's status as an economic and political power to the world.

It is also a milestone in both economic and social terms, bringing attention to the future of the planet, which is battling with poverty, war, pollution and energy shortages.

Chinese Premier Wen Jiabao declared the closure of the Expo at a ceremony Sunday evening. Before that, he said at the Summit Forum on the sidelines of the Expo the success of the Expo has boosted China's confidence and resolve to pursue reform and opening up.

"The Expo has brought together the Chinese people wishing to learn more about the world and foreign friends wishing to know more about China. Thanks to the Expo, they have forged a strong bond of friendship," said the Premier.


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October 29, 2010

China, Japan ties strained over islands at summit - Reuters


Japan's Prime Minister Naoto Kan (R) walks past China's Premier Wen Jiabao as Asian leaders get ready for a gala dinner during the 17th ASEAN Summit in Hanoi October 29, 2010.

Credit: Reuters/Damir Sagolj

By James Pomfret and Yoko Kubota


HANOI | Fri Oct 29, 2010 11:02am EDT


HANOI (Reuters) - Japan Prime Minister Naoto Kan and Chinese Premier Wen Jiabao will not hold a one-on-one meeting intended to mend ties at an Asian summit as Chinese anger flared over an over-lapping claim in the resource-rich East China Sea.


China lambasted Japan on Friday for raising the issue of disputed islands in the sea and a Japanese cabinet secretary later said Beijing had torpedoed a slated meeting between the two premiers at the last minute, though its pursuit of strategic and beneficial ties remained unchanged.


"I cannot say there won't be any impact (on relations)," said Japanese deputy chief cabinet secretary Tetsuro Fukuyama when asked about the setback. "But what is essential is a calm response," he told reporters.


Ties between China and Japan deteriorated last month with the detention of a Chinese fishing boat captain by the Japanese coast guard after their boats collided near the disputed isles.


The two sides had taken steps to mend ties and speculation swirled over whether Wen and Kan would hold bilateral talks on the sidelines of the Asia-Pacific summit in Hanoi.


Japan said China's decision to scrap the talks was based on a "misunderstanding" over a media report that Beijing had agreed to resume negotiations with Japan on the exploration for oil and gas fields in the East China Sea.


China, however, put a different spin on the geo-political row, saying Japan had "inflamed" the East China Sea issue and disseminated information violating China's territorial claims.


"Their actions have damaged the atmosphere," Chinese Foreign Ministry official Hu Zhengyue told reporters in Hanoi, referring to Japan's raising of the Diaoyu islands in ministerial talks at the summit. "They are responsible for everything."


Japan calls the islands the Senkakus.


Both leaders appeared stiff and avoided eye contact when they lined up for photographs with other leaders during the day.


In a sign of the diplomatic shadow-play, Japanese Foreign Minister Seiji Maehara earlier told reporters after a meeting with his Chinese counterpart, Yang Jiechi, that talks had been held in a "very good atmosphere."


The flareup over the islands is the latest in a string of rows to strain ties between the neighbors.


Both governments are extremely wary of public opinion in their countries where age-old suspicion runs deep, partly from Japan's wartime occupation of parts of China.


Anti-Japan protests broke out in several Chinese cities in recent days, while in Japan, Kyodo news agency reported that suspicious containers of red liquid were sent to the Chinese embassy and consulates.


RARE EARTHS


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October 21, 2010

Surprise Interest Rate Move by China Roils Markets - New York Times


The move had an immediate effect on markets worldwide, sending stocks lower on exchanges in Europe and the United States as investors weighed the effect on China’s continued economic growth and its ability to serve as an engine for a global recovery. The major Wall Street stock indexes were down sharply.

Oil prices, also sensitive to the world economic outlook, fell by more than 2 percent.

In its announcement, the Chinese central bank said that effective immediately, it would raise the benchmark one-year lending and deposit rates by 0.25 percentage points. Deposit rates will rise to 2.25 percent, and a key lending rate will climb to 5.56 percent.

The move is the latest indication that China is struggling to fight stubborn inflation, soaring housing prices and an overly buoyant economy that is pumping out exports and resulting in the accumulation of huge amounts of foreign exchange reserves.

Analysts said they were surprised by the decision, because a bank official had suggested just days ago that no rate increase was needed. Still, late Tuesday the bank announced the first rate increase here since 2007. Analysts said it was one of the strongest signals yet that Beijing is having difficulty managing the country’s growth.

But some analysts doubts the move is strong enough to slow things down here.

“This move is symbolically huge, as it is the first rate hike for this cycle,” Dong Tao, a Hong Kong based economist at Credit Suisse wrote in an e-mail after the decision late Tuesday. “Yet it may only have limited impact on the real economy because overall rates are still at excessively low level. This move probably will dampen sentiment in the property sector and equity market in the short run. However, we think excess liquidity will still prevail, if this is just a one-off rate hike.”

In Washington, the Federal Reserve declined to comment, in keeping with its policy of not remarking on the actions of other central banks.

The decision to raise the rates came after a surge in bank lending in September, reports of higher property prices last month and indications that inflation may have risen sharply in September, after a big jump in August.

Some economists believe that China should raise the value of its currency as a way to fight inflation by making imports cheaper. But the government worries that allowing its currency, the renminbi, to appreciate too quickly could create dislocations in the nation’s huge exports sector, which employs tens of millions of migrant workers.

So China is trying to use other measures that could slow growth, tame lending and encourage consumers to save more money.

While many countries are struggling to find growth, China has been one of the prime engines of global growth.

A powerful economic stimulus package and aggressive lending by state-run banks had helped China recover from the global financial crisis that hit in late 2008. But heady economic growth and large infrastructure and building programs seemed to put too much fire in the economy. And so since early this year the government has been trying to moderate growth and restrain inflation, which has pushed up food prices and created social anxieties.

Beijing is also trying to slow the flow of “hot money,” or speculative investments, entering as investors try to speculate on the anticipation of a strengthening Chinese currency.

Strong exports and speculative capital are flooding the country with foreign money and pumping extra money into the economy. And signals that the Federal Reserve will pump more money into the United States economy is leading to fears that some of this money will flow into China and create even more problems with inflation and asset prices.

Sewell Chan contributed reporting from Washington.


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