Word: factoring
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...Beijing's leaders may also see China's own currency, the 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...
Some psychologists argue that universal PPD screening misses the point because the greatest risk factor for postpartum depression is not giving birth, in fact, but previous depression. Women develop depression at the same rate whether or not they have given birth, according to Stony Brook University psychology professor Marci Lobel. "Women who have been healthy all their lives, who haven't suffered lots of anxiety and depressive symptoms, are unlikely to have problems in the postpartum period - not even close to likely," says Michael O'Hara, a University of Iowa professor of psychology. Further, say experts, while pregnancy hormones...
...large factor in the regional silence, according to local analysts, is trade. "There are other political and economic interests and challenges," says Hala Mustafa, editor-in-chief of Egypt's government-affiliated Al-Ahram Quarterly Democracy Review. China has a significant economic presence in the Middle East, particularly where it fills the gaps left by U.S. sanctions. According to U.S. government statistics, China is both Iran and Sudan's biggest trade partner, and either the main or secondary source of imports for most of the other countries in the region. (Read "How Iran Might Beat Future Sanctions: The China Card...
...analysts still skeptical of China's recovery story, major questions hung over the announcement today. One concerns long-standing doubts about the reliability of government economic data - what one U.S. hedge-fund manager calls "the Beijing fudge factor." In the first quarter of this year, Beijing reported 6.1% GDP growth, but electricity consumption overall in the country appeared to decline. How a country the size of China could grow by 6% yet use less electricity was puzzling. And in the first six months of this year, overall rail-freight traffic declined in China. Again, how that squares with accelerating growth...
...today's report also offered some reassurance that perhaps the fudge factor isn't that big an issue. Electricity generation snapped back sharply in the second quarter, statistics show. Some analysts believe the drop late last year and early in 2009 was consistent with an economy in which heavy users of power, such as steel and aluminum factories, were slashing production is response to weakened global demand. Now, China's aggressive government spending has refired the furnaces...