A personal envoy to North Korea's leader indicated Kim Jung Un was open to restarting nuclear disarmament talks, a move that came as China's leader delivered a blunt message to Pyongyang to return to the negotiating table, Chinese state-run media reported Friday.
Reported by CNN.com 1 hour ago.
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Report: China calls on North Korea to enter nuclear talks
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China: Dyke Fall Boy Rescued From River
A young boy tumbles from a dyke into fast-flowing water and has to be rescued by fire crews in southwest China.
Reported by Sky News 3 hours ago.
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China Yuchai Int'l President Benny Goh To Resign
SINGAPUR (dpa-AFX) - China Yuchai International Limited (CYD) announced that Benny Goh will be resigning from his positions as President and director of the company to pursue other opportunities, ...
Reported by FinanzNachrichten.de 3 hours ago.
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China Wealth Fund Appoints ICBC Executive to Key Post
China's massive sovereign wealth-fund named a longtime senior executive at China's largest bank as the head of its supervisory board.
Reported by Wall Street Journal 3 hours ago.
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Berlin tells EU it opposes solar anti-dumping action vs China: government source
BERLIN (Reuters) - Germany's economy ministry has officially told the European Commission it does not back the imposition of punitive import duties on solar panels from China, a government source told Reuters on Monday.
Reported by Reuters 3 hours ago.
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China President Says Relations with US at Critical Juncture
Chinese President Xi Jinping says Beijing's relationship with Washington is at a "critical juncture" to build on past successes and open up new dimensions for the future. The statement came at a meeting in Beijing Monday with U.S. National Security Advisor Tom Donilon, who is in China to lay the groundwork for a summit between Mr. Xi and U.S. President Barack Obama next week in the U.S.. Donilon told the Chinese president that the summit will be an important opportunity for the ...
Reported by VOA News 3 hours ago.
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Xi Says U.S.-China Ties at 'Critical Juncture'
China's President Xi Jinping said relations with the U.S. were at a "critical juncture" during a meeting Monday with White House National Security Adviser Tom Donilon, ahead of a summit with U.S. President Barack Obama.
Reported by Wall Street Journal 2 hours ago.
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China-US relationship at critical juncture: Xi
The relationship between Beijing and Washington is at a "critical juncture", China's President Xi Jinping told a senior advisor to Barack Obama Monday ahead of meetings with the US leader next week.
Reported by Bangkok Post 2 hours ago.
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China retaliates despite calls to end trade row with EU
According to French newspaper Les Echo, China has launched a dumping probe against European chemical firms. The move follows EU punitive tariffs on China solar panels in an ongoing trade dispute.
Reported by Deutsche Welle 2 hours ago.
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No new H7N9 cases in China for second week: government
May 27, 2013 7:38 PM
BEIJING (AFP) - No new human cases of the deadly H7N9 bird flu strain were recorded in China for the second week in a row, national health authorities said on Monday, suggesting the outbreak has slowed.
Reported by Straits Times 2 hours ago.
BEIJING (AFP) - No new human cases of the deadly H7N9 bird flu strain were recorded in China for the second week in a row, national health authorities said on Monday, suggesting the outbreak has slowed.
Reported by Straits Times 2 hours ago.
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Merkel, Li urge dialogue to defuse EU-China trade spats
Berlin (AFP) May 26, 2013German Chancellor Angela Merkel and China's Premier Li Keqiang urged Sunday for talks to avert brewing trade spats between Beijing and the EU, warning that protectionist measures would hurt both sides. Merkel said Germany would use the next six months to press for "as many as possible" discussions to be held on resolving the disputes over Chinese telecom products and solar panels to avoid it Reported by Solar Daily 2 hours ago.
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Swiss-China trade deal a symbol amid spats with EU
Berne, Switzerland (AFP) May 26, 2013
Applauded by Switzerland's business sector, the country's free-trade deal with China is heavy with symbolism, coming as Beijing locks horns with the European Union in a raft of commercial disputes. The staunchly non-EU Swiss inked a preliminary accord Friday during Chinese Premier Li Keqiang's first visit to Europe since taking the helm in March's once-in-a-decade power transfer. The fin Reported by Energy Daily 2 hours ago.
Applauded by Switzerland's business sector, the country's free-trade deal with China is heavy with symbolism, coming as Beijing locks horns with the European Union in a raft of commercial disputes. The staunchly non-EU Swiss inked a preliminary accord Friday during Chinese Premier Li Keqiang's first visit to Europe since taking the helm in March's once-in-a-decade power transfer. The fin Reported by Energy Daily 2 hours ago.
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Merkel pledges to avert EU-China trade war
Berlin (AFP) May 26, 2013German Chancellor Angela Merkel pledged Sunday to take steps to avoid a brewing trade war between China and the EU during a first visit by China's new premier to Germany, with both leaders calling for dialogue. Germany will push in the next six months for discussions on resolving the disputes between Brussels and Beijing over Chinese telecom products and solar panels to avoid it ending in mu Reported by Energy Daily 2 hours ago.
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Automotive Magnesium Alloy And Printing Ink Industry: Global And China Market Trends, Strategic Analysis, Growth, Size, Share and Forecast 2012 to 2015 Research Report
ResearchMoz.us include new market research report"Global And China Automotive Magnesium Alloy And Printing Ink Industry 2012-2015" to its huge collection of research reports.
Albany, NY (PRWEB) May 27, 2013
Researchmoz presents this most up-to-date research on Global And China Automotive Magnesium Alloy And Printing Ink Industry 2012-2015. The report focuses primarily on quantitative market metrics in order to characterize the growth and evolution of the Automotive Magnesium Alloy And Printing Ink Industry.
Automotive Magnesium Alloy Industry:
Global automotive magnesium alloy industry in recent years is getting out of the shadow of the financial crisis and magnesium price skyrocketing, both production and consumption have been restored. Favorable factors such as the rapid recovery of American and Japanese automobile industry, the upgrading of product structure of China’s automotive industry, international magnesium-aluminum price ratio back to less than 1.3, and the lightweight of vehicle all have provided impetus for the rebound of automotive magnesium alloy market. In 2012, the global automotive magnesium alloy consumption reached 214,000 tons, a year-on-year increase of 4.9%. During this period, China with rich magnesium resources and a huge automotive industry has become a hot spot for investments in the industry.
View Full Report With TOC@ http://www.researchmoz.us/global-and-china-automotive-magnesium-alloy-industry-report-2012-2015-report.html
After 2008, affected by the increased tax rate of magnesium alloy exports as well as the rapid development of automobile industry, China’s automotive magnesium alloy industry showed contrarian growth against the financial crisis worldwide, thus changing the previous situation that domestic magnesium alloy auto parts mainly relied on imports. In 2012 China’s capacity of magnesium alloy auto parts reached 47,000 tons/a, and the demand over the corresponding period was 45,000 tons, a basic balance between supply and demand. However, as a great number of automotive magnesium alloy producers in China are the new entrants with weak technical reserves and products concentrated in the middle and low ends, high-end automotive magnesium alloys still depend on imports.
In nowadays China, joint venture branded vehicles occupy the main medium- and high-end market, which is precisely the most important consumer market for automotive magnesium alloy. These automakers are extremely concerned about the supply quality and stability of automotive magnesium alloy, which is also the basic literacy that some new manufacturers lack. For these reasons, magnesium alloy parts used in joint venture branded vehicles are often provided by regular suppliers, which increasingly becomes an obstacle to the development of new entrants. Moreover, products of Chinese firms are mostly concentrated in magnesium alloy wheel, steering wheel and other several products, with relatively single variety and narrow coverage, which to some extent also limits their development.
Buy a copy of this report@ http://www.researchmoz.us/sample/checkout.php?rep_id=168249&type=S
Printing Ink Industry
Driven by the thriving printing industry, recent years have seen upward mobility in global printing ink industry. North America, Japan and Western Europe have kept the position as the world’s major printing ink producers and consumers, with the respective consumption in 2012 making up 23%, 19% and 18%. However, Europe and Americas’ growing saturated trend in the printing ink market means they are now losing out to Asian regions such as China and India. Presently, many transnational industrial magnates have accelerated their business sprawl in these emerging markets, including DIC, Flint, Toyo Ink, Sataka INX, Siegwerk, and Huber which had established branches in China as of late 2012. In 2012, both Sataka INX and DIC announced to build their own new printing ink factories in India.
View Full Report With TOC@ http://www.researchmoz.us/sample/checkout.php?rep_id=168250&type=S
In recent years, the printing ink industry of China also has seen rapid development. In 2005-2012, its printing ink output witnessed a great surge to 784,700 tons, with the CAGR of 14.59%. Moreover, China printing ink industry has forged three main industrial belts - the Pearl River Delta industrial belt centering on Guangdong, the Yangtze River Delta industrial belt surrounding Shanghai and Zhejiang, and the circum-Bohai-sea industrial belt around Beijing, Tianjin and Liaoning, with the combined output in 2012 standing at 66.76%. Nevertheless, China is yet to become a strong country in the printing ink industry and, foreign brands occupy a lion’s share of 70%. There are only a few domestic flagship counterparts, including Guangdong Sky Dragon Printing Ink Group, Letong Chemical Co., Ltd, Suzhou Kingswood Printing Ink, etc.
Due to the stagnant economic development worldwide, China printing ink industry has slowed down its advance. However, given the status quo and downstream demand market, the CAGR of output in China printing ink industry is expected to realize around 14% in 2013-2015. And offset printing ink is projected to see the highest demand in China in upcoming three years, despite overall mild development, while package printing ink will still see the greatest growth potential, in particular when it comes to the development of gravure ink. Meanwhile, with lifting environmental protection standard targeting the printing ink industry, the demand for environmental-friendly printing ink, for example flexo printing ink, is growing.
Buy a copy of this report@ http://www.researchmoz.us/sample/checkout.php?rep_id=168250&type=S
The report highlights:
Status Quo, Competition Pattern and Development Outlook of Global Printing Ink Industry;
Status Quo, Demand & Supply, Import & Export, Influence of Upstream and Downstream Industries and Prediction of China Printing Ink Industry;
Operation, Printing Ink Business and Business in China of 6 Global Printing Ink Enterprises Including DIC and Flink;
Operation, Printing Ink Business and Prediction of 8 Chinese Industrial Players Including Guangdong Sky Dragon Printing Ink Group, Suzhou Kingswood Printing Ink and Letong Chemical Co., Ltd.
About Us:
ResearchMoz (http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. We provide the market context, competitor insight and future trends needed for strategic planning.
For More Information Kindly Contact:
Email: sales(at)researchmoz(dot)us
Visit@ http://technoviamarketresearchreports.blogspot.com/ Reported by PRWeb 2 hours ago.
Albany, NY (PRWEB) May 27, 2013
Researchmoz presents this most up-to-date research on Global And China Automotive Magnesium Alloy And Printing Ink Industry 2012-2015. The report focuses primarily on quantitative market metrics in order to characterize the growth and evolution of the Automotive Magnesium Alloy And Printing Ink Industry.
Automotive Magnesium Alloy Industry:
Global automotive magnesium alloy industry in recent years is getting out of the shadow of the financial crisis and magnesium price skyrocketing, both production and consumption have been restored. Favorable factors such as the rapid recovery of American and Japanese automobile industry, the upgrading of product structure of China’s automotive industry, international magnesium-aluminum price ratio back to less than 1.3, and the lightweight of vehicle all have provided impetus for the rebound of automotive magnesium alloy market. In 2012, the global automotive magnesium alloy consumption reached 214,000 tons, a year-on-year increase of 4.9%. During this period, China with rich magnesium resources and a huge automotive industry has become a hot spot for investments in the industry.
View Full Report With TOC@ http://www.researchmoz.us/global-and-china-automotive-magnesium-alloy-industry-report-2012-2015-report.html
After 2008, affected by the increased tax rate of magnesium alloy exports as well as the rapid development of automobile industry, China’s automotive magnesium alloy industry showed contrarian growth against the financial crisis worldwide, thus changing the previous situation that domestic magnesium alloy auto parts mainly relied on imports. In 2012 China’s capacity of magnesium alloy auto parts reached 47,000 tons/a, and the demand over the corresponding period was 45,000 tons, a basic balance between supply and demand. However, as a great number of automotive magnesium alloy producers in China are the new entrants with weak technical reserves and products concentrated in the middle and low ends, high-end automotive magnesium alloys still depend on imports.
In nowadays China, joint venture branded vehicles occupy the main medium- and high-end market, which is precisely the most important consumer market for automotive magnesium alloy. These automakers are extremely concerned about the supply quality and stability of automotive magnesium alloy, which is also the basic literacy that some new manufacturers lack. For these reasons, magnesium alloy parts used in joint venture branded vehicles are often provided by regular suppliers, which increasingly becomes an obstacle to the development of new entrants. Moreover, products of Chinese firms are mostly concentrated in magnesium alloy wheel, steering wheel and other several products, with relatively single variety and narrow coverage, which to some extent also limits their development.
Buy a copy of this report@ http://www.researchmoz.us/sample/checkout.php?rep_id=168249&type=S
Printing Ink Industry
Driven by the thriving printing industry, recent years have seen upward mobility in global printing ink industry. North America, Japan and Western Europe have kept the position as the world’s major printing ink producers and consumers, with the respective consumption in 2012 making up 23%, 19% and 18%. However, Europe and Americas’ growing saturated trend in the printing ink market means they are now losing out to Asian regions such as China and India. Presently, many transnational industrial magnates have accelerated their business sprawl in these emerging markets, including DIC, Flint, Toyo Ink, Sataka INX, Siegwerk, and Huber which had established branches in China as of late 2012. In 2012, both Sataka INX and DIC announced to build their own new printing ink factories in India.
View Full Report With TOC@ http://www.researchmoz.us/sample/checkout.php?rep_id=168250&type=S
In recent years, the printing ink industry of China also has seen rapid development. In 2005-2012, its printing ink output witnessed a great surge to 784,700 tons, with the CAGR of 14.59%. Moreover, China printing ink industry has forged three main industrial belts - the Pearl River Delta industrial belt centering on Guangdong, the Yangtze River Delta industrial belt surrounding Shanghai and Zhejiang, and the circum-Bohai-sea industrial belt around Beijing, Tianjin and Liaoning, with the combined output in 2012 standing at 66.76%. Nevertheless, China is yet to become a strong country in the printing ink industry and, foreign brands occupy a lion’s share of 70%. There are only a few domestic flagship counterparts, including Guangdong Sky Dragon Printing Ink Group, Letong Chemical Co., Ltd, Suzhou Kingswood Printing Ink, etc.
Due to the stagnant economic development worldwide, China printing ink industry has slowed down its advance. However, given the status quo and downstream demand market, the CAGR of output in China printing ink industry is expected to realize around 14% in 2013-2015. And offset printing ink is projected to see the highest demand in China in upcoming three years, despite overall mild development, while package printing ink will still see the greatest growth potential, in particular when it comes to the development of gravure ink. Meanwhile, with lifting environmental protection standard targeting the printing ink industry, the demand for environmental-friendly printing ink, for example flexo printing ink, is growing.
Buy a copy of this report@ http://www.researchmoz.us/sample/checkout.php?rep_id=168250&type=S
The report highlights:
Status Quo, Competition Pattern and Development Outlook of Global Printing Ink Industry;
Status Quo, Demand & Supply, Import & Export, Influence of Upstream and Downstream Industries and Prediction of China Printing Ink Industry;
Operation, Printing Ink Business and Business in China of 6 Global Printing Ink Enterprises Including DIC and Flink;
Operation, Printing Ink Business and Prediction of 8 Chinese Industrial Players Including Guangdong Sky Dragon Printing Ink Group, Suzhou Kingswood Printing Ink and Letong Chemical Co., Ltd.
About Us:
ResearchMoz (http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. We provide the market context, competitor insight and future trends needed for strategic planning.
For More Information Kindly Contact:
Email: sales(at)researchmoz(dot)us
Visit@ http://technoviamarketresearchreports.blogspot.com/ Reported by PRWeb 2 hours ago.
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US, China set the stage for Obama-Xi summit
An upcoming summit with President Barack Obama comes at a "critical juncture" in relations between China and the U.S.,...
Reported by Deseret News 2 hours ago.
↧
South Korean president to visit China in June
South Korean President Park Geun- hye will visit China at the end of June in what would be her second overseas trip since taking office in February, Foreign Minister Yun Byung-se said Monday.
Reported by IndiaVision 2 hours ago.
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Russia, Greece, Turkey, Other Central Banks Buy Gold; China’s PBOC Buying?
From GoldCore
*Russia, Greece, Turkey, Other Central Banks Buy Gold; China’s PBOC Buying?*
Today is a national holiday in the United Kingdom and the USA.
Friday’s AM fix was USD 1,385.25, EUR 1,068.95 and GBP 917.81 per ounce.
Gold climbed $5 on Friday and closed at $1,390.25/oz in London and silver closed at 22.482 in NY.
Gold rose 0.45% this morning in quiet European trading with UK and U.S. markets closed for holidays. Silver, platinum and palladium also advanced this morning.
Gold’s gains come on the back of the best week in a month last week when gold rose 2%.
Gold is being supported by continued diversification from central banks and signs of increased physical demand which is countering continued outflows in ETF holdings.
*Gold Price (Nominal) and Central Bank Net Buying/ Selling (1971-2013)*
Russia, Greece, Turkey, Kazakhstan and Azerbaijan expanded their gold reserves for a seventh straight month in April, buying bullion to diversify foreign exchange reserves due to concerns about the dollar and the euro.
Russia’s steady increase in its gold reserves saw its holdings, the seventh-largest by country, climb another 8.4 metric tons to 990 tons, taking gains this year to 3.4% after expanding by 8.5% in 2012, International Monetary Fund data show.
Kazakhstan’s reserves grew 2.6 tons to 125.5 tons, taking the increase to 8.9% this year after a 41% expansion in 2012, data on the website showed.
Turkey’s holdings rose 18.2 tons to 427.1 tons in April, increasing for a 10th month as it accepted gold in its reserve requirements from commercial banks.
Belarus’s holdings expanded for a seventh month as did Azerbaijan’s.
Interestingly, Greece’s gold holdings climbed for a fourth month, according to the IMF data.
This could be a sign of rising economic nationalism in Greece or that the Greek central bank realises that if Greece leaves the euro and is forced back onto the drachma that gold reserves will offer a modicum of protection. Only a modicum, because Greece’s gold reserves remain miniscule especially considering the scale of their debts.
*IMF Greece Gold Reserves, Quarterly 01Jan1956-27May2013, in Mill Fin Troy Oz*
Central banks are buying gold as an overall strategy of forex portfolio diversification and the recent price drop will not deter them from a long term policy of diversification into gold.
Central bank reserve managers are conservative rather than speculative and will ignore the day to day noise and price predictions emanating from certain banks in favour of passive allocations to gold as part of their foreign exchange diversification strategy.
*IMF World Gold Reserves, Monthly 31Mar2007-31Mar2013, in Mill Fin Troy Oz*
While not driven by price, some central banks may have made the most of the lower prices by increasing their holdings by more than they would have if prices had risen in value.
The long term trend for central banks to increase gold reserves remains intact and will support gold.
Central banks bought 534.6 tons of gold last year, the most since 1964, and may add as much as 550 tons in 2013, the World Gold Council estimates. While central-bank purchases fell 5.2 percent in the three months through March, they totaled more than 100 tons for the seventh straight quarter, according to council data.
*IMF China Gold Reserves, Quarterly 01Jan1977-27May2013, in Mill Fin Troy Oz*
China’s foreign currency reserves have surged more than 700% since 2004 and are now enough to buy every central bank’s official gold supply - twice.
China’s foreign reserves surpassed the value of all official bullion holdings in January 2004 and rose to $3.3 trillion at the end of 2012 and are at $3.4 trillion today.
The price of gold has failed to keep pace with the surge in the value of Chinese and global foreign exchange holdings. Gold has increased just 54% in the last 5 years and 250% since 2004, with the registered volume little changed, according to data based on International Monetary Fund and World Gold Council figures.
*China’s Foreign Exchange Reserves vs Gold Monthly (2004-2013)*
By comparison, China’s reserves rose 721% from 2004 through 2012, while the combined total among Brazil, Russia and India rose about 400% to $1.1 trillion.
Continuing diversification into gold from the huge foreign exchange reserves by the People’s Bank of China and other central banks is a primary pillar which will support gold and should contribute to higher prices in the coming years.
We are confident that the PBOC is quietly accumulating gold and we expect another announcement from the PBOC, possibly this year, when they again disclose to the market that they drastically increased their gold reserves – possibly from 1,054 tonnes to between 2,000 and 3,000 tonnes.
*NEWS*
Central Banks Boosted Gold Holdings in April – Wall Street Journal
Gold Advances as Central Bank Purchases Counter Decline in ETPs - Bloomberg
Gold firm as stocks slip, dollar weakens versus yen - Reuters
Gold Bets Reach Five-Year Low With Prices Whipsawed – Business Week Reported by Zero Hedge 1 hour ago.
*Russia, Greece, Turkey, Other Central Banks Buy Gold; China’s PBOC Buying?*
Today is a national holiday in the United Kingdom and the USA.
Friday’s AM fix was USD 1,385.25, EUR 1,068.95 and GBP 917.81 per ounce.
Gold climbed $5 on Friday and closed at $1,390.25/oz in London and silver closed at 22.482 in NY.
Gold rose 0.45% this morning in quiet European trading with UK and U.S. markets closed for holidays. Silver, platinum and palladium also advanced this morning.
Gold’s gains come on the back of the best week in a month last week when gold rose 2%.
Gold is being supported by continued diversification from central banks and signs of increased physical demand which is countering continued outflows in ETF holdings.
*Gold Price (Nominal) and Central Bank Net Buying/ Selling (1971-2013)*
Russia, Greece, Turkey, Kazakhstan and Azerbaijan expanded their gold reserves for a seventh straight month in April, buying bullion to diversify foreign exchange reserves due to concerns about the dollar and the euro.
Russia’s steady increase in its gold reserves saw its holdings, the seventh-largest by country, climb another 8.4 metric tons to 990 tons, taking gains this year to 3.4% after expanding by 8.5% in 2012, International Monetary Fund data show.
Kazakhstan’s reserves grew 2.6 tons to 125.5 tons, taking the increase to 8.9% this year after a 41% expansion in 2012, data on the website showed.
Turkey’s holdings rose 18.2 tons to 427.1 tons in April, increasing for a 10th month as it accepted gold in its reserve requirements from commercial banks.
Belarus’s holdings expanded for a seventh month as did Azerbaijan’s.
Interestingly, Greece’s gold holdings climbed for a fourth month, according to the IMF data.
This could be a sign of rising economic nationalism in Greece or that the Greek central bank realises that if Greece leaves the euro and is forced back onto the drachma that gold reserves will offer a modicum of protection. Only a modicum, because Greece’s gold reserves remain miniscule especially considering the scale of their debts.
*IMF Greece Gold Reserves, Quarterly 01Jan1956-27May2013, in Mill Fin Troy Oz*
Central banks are buying gold as an overall strategy of forex portfolio diversification and the recent price drop will not deter them from a long term policy of diversification into gold.
Central bank reserve managers are conservative rather than speculative and will ignore the day to day noise and price predictions emanating from certain banks in favour of passive allocations to gold as part of their foreign exchange diversification strategy.
*IMF World Gold Reserves, Monthly 31Mar2007-31Mar2013, in Mill Fin Troy Oz*
While not driven by price, some central banks may have made the most of the lower prices by increasing their holdings by more than they would have if prices had risen in value.
The long term trend for central banks to increase gold reserves remains intact and will support gold.
Central banks bought 534.6 tons of gold last year, the most since 1964, and may add as much as 550 tons in 2013, the World Gold Council estimates. While central-bank purchases fell 5.2 percent in the three months through March, they totaled more than 100 tons for the seventh straight quarter, according to council data.
*IMF China Gold Reserves, Quarterly 01Jan1977-27May2013, in Mill Fin Troy Oz*
China’s foreign currency reserves have surged more than 700% since 2004 and are now enough to buy every central bank’s official gold supply - twice.
China’s foreign reserves surpassed the value of all official bullion holdings in January 2004 and rose to $3.3 trillion at the end of 2012 and are at $3.4 trillion today.
The price of gold has failed to keep pace with the surge in the value of Chinese and global foreign exchange holdings. Gold has increased just 54% in the last 5 years and 250% since 2004, with the registered volume little changed, according to data based on International Monetary Fund and World Gold Council figures.
*China’s Foreign Exchange Reserves vs Gold Monthly (2004-2013)*
By comparison, China’s reserves rose 721% from 2004 through 2012, while the combined total among Brazil, Russia and India rose about 400% to $1.1 trillion.
Continuing diversification into gold from the huge foreign exchange reserves by the People’s Bank of China and other central banks is a primary pillar which will support gold and should contribute to higher prices in the coming years.
We are confident that the PBOC is quietly accumulating gold and we expect another announcement from the PBOC, possibly this year, when they again disclose to the market that they drastically increased their gold reserves – possibly from 1,054 tonnes to between 2,000 and 3,000 tonnes.
*NEWS*
Central Banks Boosted Gold Holdings in April – Wall Street Journal
Gold Advances as Central Bank Purchases Counter Decline in ETPs - Bloomberg
Gold firm as stocks slip, dollar weakens versus yen - Reuters
Gold Bets Reach Five-Year Low With Prices Whipsawed – Business Week Reported by Zero Hedge 1 hour ago.
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US, China Search for New Model of Relations
U.S. National Security Advisor Tom Donilon is holding talks with Chinese officials in Beijing in preparation for an upcoming meeting between the two countries' presidents. As differences grow between the United States and China, they are searching for a new model for relations. During their meetings Monday, U.S. and Chinese officials stressed their hope that the informal early June talks between President Barack Obama and China’s new leader Xi Jinping will help the two sides ...
Reported by VOA News 16 minutes ago.
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Mudslinging in China's Heavy-Machinery Sector
Digging for dirt on China's machinery sector can be productive, especially when the economy's stuck in the mud.
Reported by Wall Street Journal 38 minutes ago.
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CHINA ANIMAL HEALTHCARE LTD.: (1) PROPOSED VOLUNTARY DELISTING OF CHINA ANIMAL HEALTHCARE LTD. FROM THE OFFICIAL LIST OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
Miscellaneous* Asterisks denote mandatory informationName of Announcer *CHINA ANIMAL HEALTHCARE LTD.Company Registration No.28986Announcement submitted on behalf ofCHINA ANIMAL HEALTHCARE LTD.Annou...
Reported by FinanzNachrichten.de 16 minutes ago.
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