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China's costal provinces

Posted 08-31-2010 at 10:45 PM by poiloi

One typhoon and two tropical storms are forecast to land or brush past East and South China coasts on Tuesday and Wednesday.

The converging forces will bring heavy rain to the region as they move further northwest.


A woman struggles against the wind and rain in advance of tropical storm Namtheum on Tuesday in Shatian town in East China's Fujian province. [Wei Peiquan / Xinhua]

Because of the storms, all high schools, primary schools and kindergartens...
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Posted 08-02-2010 at 10:49 AM by rainy2

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Posted 08-02-2010 at 10:42 AM by rainy2

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domestic air carriers

Posted 06-21-2010 at 10:52 PM by poiloi

Airline shares surged on the Shanghai Stock Exchange on Monday, on anticipation that their US-dollar-denominated overseas debts would shrink considerably after the central bank signaled an end to the currency's peg to the dollar.

The People's Bank of China indicated during the weekend it was going to slacken a 23-month peg against the dollar, and let the yuan be more flexible.

Domestic carriers are tipped to be the biggest gainers from a stronger yuan, as all of them...
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HK equities rally

Posted 06-21-2010 at 10:50 PM by poiloi

Mainland stocks rallied the most in almost a month, led by banks, airlines and property companies, on the prospect that a stronger yuan will tame inflation and reduce the need for interest-rate increases.

"An appreciation in the yuan will reduce inflationary pressures and benefit consumption by increasing purchasing power," said Shi Bo, general manager of Shanghai Elegant Investment Co, which oversees about $278 million in assets, including a fund that was ranked first among...
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