Word: hongbin
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Others are not so sanguine. HSBC's China economist, Qu Hongbin, worries that his country is full of manufacturers trying to hang on while waiting for overseas demand to recover. "There still is hope that we'll go back to the old days," Qu says. But "demand in the future will be lower than in the past," he says. "That means the factory owners have to face reality" - the reality of them no longer cranking out ever more widgets in a widget-weary world...
...creation of an alternative to the greenback as a global reserve currency. More recently, Beijing has signaled an intention to slowly establish its own currency, the renminbi, as a dollar alternative in international trade by providing subsidies for Chinese companies to price their exports in renminbi. One economist, Qu Hongbin of HSBC in Hong Kong, goes so far as to say that 40% to 50% of China's overall trade flows could be settled in renminbi by 2012 (though few other economists believe this will happen anywhere near that fast). This willingness to make its positions known publicly and push...
...yuan (also known as the renminbi), as a possible alternative to the dollar. There are indications that China intends to make the yuan a greater factor in international trade and investment, a development that, if successful, would have major implications for the global financial system. HSBC economist Qu Hongbin believes that the yuan could become one of the top three currencies in the world by 2012, with some $2 trillion in trade transacted in the Chinese currency each year. "The internationalization of the renminbi has become a leading item on the policy agenda" in Beijing, Qu concluded in a recent...
...JIANG HONGBIN, Chinese legislator, renewing calls to close a controversial Starbucks outlet in Beijing's Forbidden City, in a speech during China's National People's Congress...
...Starbucks must move out of the imperial palace immediately, and it can no longer be allowed to taint China's national culture." JIANG HONGBIN Chinese legislator, renewing calls for the closure of a controversial Starbucks outlet in Beijing's Forbidden City, during China's National People's Congress...