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  China's Dagong credit agency rates...
  Dagong gave China's yuan-denominated debt an "AA-plus" rating with a stable outlook -- higher than Moody's "A1" and S&P's "A-plus" -- due to its rapid growth and relatively low debt. China's foreign currency rating was "AAA" in Dagong's report. In terms of domestic currency-denominated debt, Norway, Denmark, Luxemburg, Switzerland, Singapore, Australia and New Zealand received the top rating of AAA. Canada, the Netherlands and Germany received "AA-plus" rating. Japan received an "AA-minus" rating, according to Dagong's report. Dagong said it hopes to "break the monopoly" of Moody's, Standard & Poors and Fitch, whose reputation was tainted by their high ratings to mortgage-related investments that led to the global financial crisis..... Wu Hong, who led a task force to study credit rating and national security in China, said it has become a trend for other countries to set up their own credit rating agencies and reject the currently unfair international rating system controlled by Western companies. "This means a historic opportunity for China to participate in making the new rules of international ratings," Wu said, adding China still has a long way to go to increase its own influence in the credit rating system. Also, Western rating agencies fail to give China full credit for its economic strength, thus boosting China's borrowing costs, Wu noted..... www.china.org.cn Dagong show: China hammers US credit rating - A report from America's biggest foreign creditor is the <b>...</b>
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  China, US differ on further rise of...
  Obama, Hu differ on further rise of yuan The United States and China have differed on further appreciation of the Chinese currency after China's financial authorities allowed the yuan to move more flexibly against the dollar. US President Barack Obama and Chinese President Hu Jintao met in the Canadian city of Toronto on Saturday. Obama praised China's decision a week ago to let the yuan fluctuate again, lifting its policy to virtually peg the currency at an undervalued rate to the dollar. But Obama stressed that China needs to implement a more flexible policy on the yuan as the currency has risen only 0.53 percent for the past week. Obama expressed hope that the yuan would rise further against the dollar. President Hu said China is expanding its imports from the US in a positive manner. He urged the US government to gradually ease restrictions on US high-tech exports to China, which China believes have caused the imbalance in bilateral trade. On the sinking of a South Korean ship allegedly by a North Korean attack, Obama called for China's support for the UN Security Council in its dealings with the North. But the Chinese side maintained its hesitation on taking a firm stance against North Korea. 2010/06/27 16:35(JST) (JST: UTC+9hrs.)
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  China stresses gradual RMB exchange...
  english.cntv.cn
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  Kathy Lien in Aus: Chinese Yuan app...
  Kathy Lien, director of currency research with GFT in New York, interview in Australia..... "we're going to see additional gains in the Australian dollar..." www.abc.net.au www.gftforex.com www.kathylien.com China, Australia and Euro www.kathylien.com June 24 (Bloomberg) -- Kathy Lien, director of currency research at online currency trader GFT Forex, talks with Bloomberg's Haslinda Amin about the European debt crisis and the outlook for the euro. Lien, speaking from Sydney, also discusses the appointment of Julia Gillard as Australia's prime minister and its implications for the nation's currency, China's yuan policy, and the outlook for the New Zealand and Canadian dollars. Lien spoke before Gillard was sworn in as prime minister www.youtube.com "Moon Shadow Legend" - Jinshan moon.xoyo.com newgame.duowan.com