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Chinese Currency

CALIFORNIA | LOCAL
October 22, 1997 | SOLOMON MOORE and SCOTT GLOVER, TIMES STAFF WRITERS
Three people, the victims of an apparent murder-suicide, were found shot to death Tuesday inside their home in the gated community of Porter Ranch in the northwestern San Fernando Valley, police said. The dead included a retired aerospace worker; his wife, who worked as a computer programmer; and their teenage son, according to neighbors, who said the couple had been having financial problems and were on the brink of divorce.
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CALIFORNIA | LOCAL
September 13, 1994 | LISA O'NEILL, SPECIAL TO THE TIMES
Three of four suspects arrested for allegedly hijacking a Las Vegas-bound tour bus and robbing its passengers of at least $20,000 are members of Red Door, a violent San Gabriel Valley-based gang, authorities said Monday. The suspects sport tattoos that indicate their membership in the group responsible for extortion, follow-home robberies and at least one murder, investigators said. The suspects are three men and a juvenile.
BUSINESS
July 22, 2006 | From Times Wire Services
China took action Friday to cool its sizzling economy, tightening bank credit to stop frenzied lending and letting the Chinese currency hit a new high against the dollar. The move by Beijing followed this week's announcement that the economy surged a stunning 11.3% in the second quarter, its highest rate in a decade, thanks to a construction boom and robust exports. Economists and officials worry that rapid growth could set off inflation or lead to dangerously high debt.
BUSINESS
January 25, 2012 | By David Pierson
President Obama fired a shot across China's bow during his State of the Union address Tueday, pledging to lure offshore jobs back to the U.S. and target unfair Chinese trade practices with a special enforcement unit. The response in China, however, was muted at best -- perhaps drowned out by the barrage of fireworks across the country as it continues to celebrate the weeklong Spring Festival national holiday. "What's worth noting is that Obama mentioned China five times in his State of the Union speech," wrote the Beijing-based Legal Evening News, one of the few Chinese newspapers to acknowledge the mention of China in the president's address.
BUSINESS
November 1, 2005 | Jerry Hirsch, Times Staff Writer
The calendar said Halloween, but analysts said it might as well have been April Fools' Day. On Monday a little-known Chinese company made a $450-billion offer to buy Exxon Mobil Corp., the world's largest publicly traded oil company. The company, which has a business address in New Zealand, filed papers with the Securities and Exchange Commission offering to buy Exxon for the equivalent of $70 a share in a combination of U.S. and Chinese currency. King Win Laurel Ltd.
OPINION
April 15, 2010 | By Daniel Griswold
The U.S. Treasury Department wisely delayed its semiannual report on global exchange rates so that more sensible heads can prevail before we stumble into a trade fight with China. The congressionally mandated report surveys exchange rates and other indicators of the global economy and determines whether any U.S. trading partners are guilty of "currency manipulation." Treasury Secretary Timothy F.
BUSINESS
February 28, 2001 | CHING-CHING NI, TIMES STAFF WRITER
There's so much excitement over the government's decision to let Chinese buy the same stocks as foreigners that officials had to postpone the starting date until today to let banks and securities houses prepare for the onslaught. China hopes the move will give a shot in the arm to one of the world's only Communist-run stock markets--and Asia's third largest--and pave the way for a unified stock market that would eventually be open to all investors. The government announced its plans Feb.
TRAVEL
April 2, 2006 | Arthur Frommer, Special to The Times
THE exchange rate of eight Chinese yuan to one U.S. dollar greatly undervalues the Chinese currency. But it's a bonus for travelers because it has made China a bargain. For nearly eight years, San Francisco tour operator China Focus, www.chinafocustravel.com, (800) 868-7244, has charged a winter rate of $999 for a 10-night, all-inclusive (rooms, all meals, transportation, escorted sightseeing) trip.
ENTERTAINMENT
May 29, 2011 | By Linda Mathews, Special to the Los Angeles Times
On China Henry Kissinger Penguin Press: 586 pp., $36 Henry Kissinger was awarded a Nobel Peace Prize in 1973 for negotiating the Paris peace accords that established a ceasefire in the Vietnam War and let the United States extricate itself from that quagmire. But his most enduring achievement, this massive book suggests, was in laying the groundwork for President Richard M. Nixon's historic 1972 trip to Beijing, shaping the communiqu├ęs that ultimately led to formal diplomatic relations with China and then acting as a go-between for the world's most powerful nation and its most populous for the next four decades.
BUSINESS
September 10, 2004 | Evelyn Iritani, Times Staff Writer
The Bush administration on Thursday rejected a petition by organized labor and the steel and textile industries seeking to punish China for allegedly manipulating its currency to gain unfair trade advantages. The rejection, quickly criticized by Democratic presidential candidate Sen. John F. Kerry as the "wrong direction" for U.S. trade policy, stepped up the political fighting between Kerry and President Bush over their contrasting policies on U.S.-China economic tensions.
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