Foreign exchange market has been in turmoil over the past few days because interest rates on China’s worried about the potential for emergency assistance, the Bank of Ireland and the growing uncertainty of the Fed, in its view that the second round of the quantitative easing program would not buy, such as as many of the bonds are expected to jointly crack down on market sentiment.

Wednesday China’s State Council meeting stressed the need to curb soaring prices, and timely to take effective measures to further strengthen the outside world that China’s further rate hike expectations.

U.S. interest rates may consider the issue of China is not welcomed, but the dollar bulls are very happy to hear this news. The United States Government, if the Chinese Government to make greater efforts to tighten monetary policy decisions, it means two things: the pace will slow global economic recovery and reduce the possibility of RMB appreciation. A result of which any of them are not good for the U.S. economy.

The light of China’s economic growth prospects may displease the U.S. administration, but the dollar bulls will probably smile. And China as global growth is expected to be lowered growth expectations, investor risk appetite may be down, thereby enabling the high-risk currencies and the Australian dollar, Canadian dollar and other commodity currencies in the cold, while the dollar and other currencies will be favored hedge. Reduce the possibility of faster appreciation of the dollar will also boost, because when China’s central bank began to exchange rate fluctuations for more stringent restrictions, the dollar tends to benefit from it.

However, it was thought that the dollar demand may be short-lived, the end of November the United States account for a large number of hedge funds has brought a temporary settlement of U.S. dollar demand. Some U.S. exporters may be in the December 31 U.S. dollars before the end of the fiscal year hedging demand. These two factors support the dollar continued to rise without a position, even if short-term U.S. dollar sold off so the possibility seems to be reduced.

If the dollar rally is the result of quantitative easing concerns about the second round of the sky or in vain, it will be sustained dollar rally as a lack of solid foundation. Second-tier countries in the euro area under unknown circumstances, which may be obtained into the dollar area interbank lending market, while also assessing investment targets among others.

But parts of those dollars will eventually re-allocated to other assets and currency, so this will be a negative factor in the dollar.

In the United States to avoid weakening their economies into the process, slowing the pace of global economic recovery is the most the U.S. government does not want to see the scene. Although the Federal Reserve (Fed) announced the further implementation of the scale of 6,000 million U.S. dollars for the quantitative easing policy, but this is still not enough to improve market confidence in the U.S. economic recovery. U.S. global economic slowdown will decrease the possibility of an economic rebound, while the Fed is more likely to be forced in the implementation of the quantitative easing policy more generous.

At the same time, based on China rate hike speculation heating up, means that the government will allow faster appreciation may be reduced. In recent weeks, China’s central bank has allowed the yuan rose to its highest level in 17 years, but now it seems the further sharp appreciation of the renminbi might be likely to decline. This is for the U.S. manufacturing industry is bad news. U.S. manufacturers had expected further appreciation of the yuan to boost the competitiveness of U.S. exports.

China has repeatedly raised commercial banks by deposit reserve ratio to curb credit, but with little success. Recent data show that China October inflation rate in September rose 4.4% to 3.6%. Rising rate of inflation is largely due to rising food prices, which makes difficult problems facing Chinese policymakers.

High inflation will not only bring the risk of political instability, but also in negative real deposit rate of return of the circumstances, high inflation will stimulate Chinese savers were more speculative.

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Been seriously underestimated the farm may be the main target of future investment.

 In 2010, China’s investment in financial derivatives after the summit, the international investment guru Jim  Interview, regardless of whether the U.S. Treasury or the global stock markets, the prospects for the future will become bleak, but is a little-known agricultural products may give investors surprises.

 According to its introduction, a key agricultural products to be optimistic that the price of its long period of doldrums.  Such as sugar prices and the decline in the 70′s almost 75% compared to other species such as the price of coffee and orange juice can be considered historically cheap.  U.S. coffee site in 1994 and 1997, once reached 270 cents / lb or more high, while the U.S. disc orange juice less than the current price of 140 cents and 200 cents in 2006 falls far short of the nearby high.

 ”I prefer not produce, but I tend to focus on some very depressed asset prices, such as natural gas prices were low for now.” Rogers said.

 He pointed out that do not suggest that investors are now more than agricultural products, agricultural products today is that prices have been compressed to a very low position, which, rice and sugar are two typical products to be underestimated.

 But do any of agricultural products should have a more reasonable investment channels in order to finance leveraged to borrow money for participation in commodity trading, Rogers seems very cautious. In his eyes, the biggest problem is that financial leverage, even if you spotted a trend in the operation of a commodity, in this way to borrow money to invest, there is still a great risk of bankruptcy.

Meanwhile, his years of investment experience also shows that doing more difficulty and risk of a commodity to be much less than short, and do get more and more significant long-term profitability, especially of agricultural products.  Because any commodity has its value, even if short-term decline in commodity prices, the decrease in space will be paused before the 0:00 and will never see a negative price situation, but rising commodity space is theoretically infinite.

 Rogers, for example, about 10 o’clock in the intervention price of one commodity, if short, sharp drop of the asset, even if held for 10 years, up to 10 points is the proceeds received, this is the direction in view of the situation. However, if done in a relatively low multiple, long-term asset prices might be the increase of 100% or even 1000%.  Seen in this light, short an asset, not as long-term profitability do more.

 However, both do more or short, in addition to agricultural products, the Rogers seems to refer to the current investment in stock and uninteresting.  He admitted that since 2008, 10 to 11 months, has not invested any Chinese company’s shares or A shares of the relevant product.  This has nothing to do with China itself, as he currently does not invest in any country’s stock market or index products.

Pricing for the ABC debate, as the “Agricultural Bank of China Ltd. initial public offering of A shares results of the preliminary inquiry and issue prices range announcement,” the release stopped short.

28, the night ABC show in the Shanghai Stock Exchange announcement disclosed, A shares issued to finalize the price range is 2.52-2.68 yuan / share. Learned that ABC will be issued to secure the ceiling.

Notice show, A share price range corresponds to the level of the 2009 price-earnings ratio, such as earnings per share in 2009 net profit attributable to parent company divided by the owner before the number of shares issued in this calculation, for 11.28 times to 12.00 times. This method, the projected 2010 level of 8.21 times price-earnings ratio to 8.73 times.

It is understood, H shares than A shares price range for the 2.88-3.48 Hong Kong dollars / share. Aspects of H shares will be officially available for sale on the 30th, while the A shares offline subscription in time for July 1.

Agricultural Bank of China, a syndicate official said, the Agricultural Bank and the underwriters under the A share initial inquiry with the situation pre-road show, combined with the ongoing management of H shares of the international road shows and the International Placing book-building situation, taking full account of ABC fundamentals, the banking industry and comparable company valuations and market conditions and other factors, the final baked the Agricultural Bank of China in this price range.

The source pointed out that capital markets in relatively less uncertain environment, despite the enthusiastic pursuit of domestic and foreign investors, ABC finally abandoned the high priced, opting instead for a more cautious the price range to Quebaoshangxian distribution and stability of the market outlook Biao Xian Jiao Wei . 2.68 yuan / share the ceiling price corresponding to the Agricultural Bank in 2010 PB (book value, or price / earnings per share of net assets) is about 1.6 times higher than ICBC, CCB, 10% of the current PB discount. The prices are lower than previous market rumors, was also lower than the initial price of 2.7 yuan central inquiry.

It is reported that the preliminary inquiry, there were 91 inquiries object management object 244 to attend a preliminary inquiry Placing Price. Which provide an effective offer (refer to the declared value of not less than this price range lower limit 2.52 yuan / share) for placing a total of 214 objects, the corresponding purchase quantity, and for the 59,505,800,000 shares.

According to calculations, if the upper limit of the Agricultural Bank in accordance with the price range of pricing, and A shares, H shares are in full exercise of the over-allotment option, A share issue will reach 25.57 billion shares, H shares will be expanded to 29.22 billion shares, raising ABC funds will be more than 150 billion yuan, the size will exceed the previous record holder – the bank, a veritable “world’s largest IPO”.

ABC’s senior journalists from approaching people officer that ABC said it would issue to secure the ceiling. One brokerage analyst, said, 2.68 dollars for the price of the Agricultural Bank of China, and not expensive, he believes more than ABC pricing restrictions should be no problem. According to statistics, since 2010, Shanghai Stock Exchange-listed shares in the following limited release of only two.

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To further implement the scientific concept of development, full implementation of the “State Council Notice on Improving the Grain for Green” (Guo Fa 〔2007〕 25) spirit of the Grain for Green summed up the exchange of experience, to further unify their thinking, enhance understanding, to further enhance Grain for Green sense of responsibility and urgency, push forward the construction of the basic food grain tasks, especially the construction of the long-term livelihood of farmers to solve the problem reversed, in June 2010 18-19, National Inter-ministerial co-Grain for Green Conference and Forestry in Shaanxi Province held Shangluo Zhashui County. The meeting was in 2009 the State Council approved the establishment of the Department of Grain for Green joint conference system for the first meeting held after. Inter-ministry joint conference convener, deputy director of the National Development and Reform Commission Du Ying, deputy convener of the inter-ministerial joint conference, Zhu Lieke, deputy director of the State Forestry Administration, Ministry of the members of the joint meeting, Vice Minister Liu Ning, Ministry of Water Resources, Ministry of Agriculture, Economic and Yang Shao products division, attended the meeting, the Standing Committee of Shaanxi Provincial Party Committee, deputy governor of flood peak to be speech; the National Development and Reform Commission, Ministry of Supervision, Ministry of Finance, Ministry of Land Resources, Ministry of Water Resources, Ministry of Agriculture, the Audit Commission, the National Bureau of Statistics, National Forestry Bureau, Ministry of National Food Authority and other constituent units of the joint meeting of the Division responsible for comrades, and Mountainous Region in 25 provinces and the Xinjiang Production and Construction Corps development and reform, finance, water conservancy, agriculture and forestry bureau responsible comrades of the Commission attended the meeting. The participants visited the Grain for Green Zhashui basic food grain, follow-up industry, rural energy, ecological migration projects points provinces and autonomous regions share the counties to consolidate results of the typical experience of returning farmland to forest, the members of the Inter-Ministerial Joint Conference units were made, analysis of the situation facing the Grain for Green, deployed in 2010 and the Grain for Green for a time work.

Four-year wait for a World Cup is coming back! Full of passion and sweat in the summer, football fans all over the world gather around television sets, heavy drinking beer, shouting “goal.” Although football can not be the A share investors had to be, but give A share investors with investment opportunity. In the end what the industry from the massive global sports industry claim a share of it? And which companies can directly benefit by the World Cup, and the vulnerable in the Outperform do?

Reporter from the recently held 2010 China (Changchun) International Rail Transit and Urban Development Forum was informed that China will continue to increase investment in high-speed railway construction, plans to invest 700 billion yuan this year to accelerate the progress of the construction of high-speed railway.

Academy of Sciences Chinese Academy of Sciences of the Fifteenth General Assembly, Chinese Academy of Engineering academician Assembly Tenth 7 am grand opening in the Great Hall of the CPC Central Committee General Secretary and State President and CMC Chairman Hu Jintao pointed out that we should focus on efforts to promote technological development efforts for an early breakthrough.