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» 23/07/2009 [Company watch]
China Aoxing Pharmaceutical Corp. Receives Renewal of GMP Certification for Capsule Dosage Form of Pharmaceutical Products
» 15/03/2010 [Industry news]
Recordati S.p.A And Lee Pharmaceutical Announce Partnership For Zanidip(R) In China
» 26/10/2009 [Finance]
China Growth to Remain Fast in Fourth Quarter, Official Says
» 17/08/2009 [Industry news]
Chindex Posts Profit on Product Sales, Health Services
» 07/05/2010 [Industry news]
Hong Kong: Recall of all products manufactured by Quality Pharmaceutical Lab Ltd
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»18/04/2010 [Finance]
China likely to revalue week of May 10:

China is likely to revalue its currency early next month, possibly during the week of May 10, as the Shanghai 2010 Expo gets underway, after months of internal debate on its currency appears to be nearing consensus, according to Standard Chartered Bank.

 
China likely to revalue week of May 10: By Chris Oliver China is likely to revalue its currency early next month, possibly during the week of May 10, as the Shanghai 2010 Expo gets underway, after months of internal debate on its currency appears to be nearing consensus, according to Standard Chartered Bank. \"The hawks appear to be winning the case for a currency move, but the doves appear to be winning the argument in terms of gradualism,\" Standard Chartered said in a note released Monday, adding that the decision to revalue may already have been taken. They added that the scale and pace of the move might \"disappoint\" those expecting a repeat of the more than 2% immediate gain against the U.S. dollar seen during its previous currency regime change in July 2005. \"A much smaller and ongoing move is more likely,\" Standard Chartered said. The bank also said China would likely allow more flexibility by broadening the yuan fixings by 10 to 20 basis points per day, up from 1 to 2 basis points currently. A wider band, it said, along with gradual appreciation, would be inline with China\'s financial reforms since the 1980s.

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