China’s currency reserves are estimated at $2.45 trillion dollars. While hard data is a state secret, some information was obtained from the China Security Journal and reported by Reuters.

Roughly 65% of China’s currency reserves are in U.S. dollars, 26% in euros, 5% in pounds and 3% in yen. With such a huge sum outstanding, Chinese officials are afraid of depreciation. Hu Xiaolian, vice governor of the Peoples Bank of China, writing in China Finance said: “Once a currency’s value becomes unstable, there will be quite large depreciation risks for assets.”

Continue reading China Warns of Currency Depreciation

China Warns of Currency Depreciation originally appeared on BloggingStocks on Sat, 04 Sep 2010 09:40:00 EST. Please see our terms for use of feeds.

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China – Peoples Bank of China – Foreign exchange reserves – BloggingStocks – Asia

For the past few years, the shares of SAP (SAP) have had little direction. While the company has solid cash flows and a massive customer base, the growth ramp has stalled. Of course, SAP is not alone. Other tech giants like Cisco (CSCO), Intel (INTC) and Microsoft (MSFT) have faced the same problem.

Yet, according to Bloomberg.com, SAP thinks it can rev things up again. How? Yes, the opportunity is China.

Continue reading SAP Can Get Its Groove Back with ‘Limitless’ China?

SAP Can Get Its Groove Back with ‘Limitless’ China? originally appeared on BloggingStocks on Fri, 03 Sep 2010 11:30:00 EST. Please see our terms for use of feeds.

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Microsoft – China – Cisco Systems – BloggingStocks – Technology

Suntech Power (STP – option chain) shares are rising today after the company reported earnings this morning, posting a second-quarter loss of $174.9 million, or 97 cents per share. Excluding one-time items, STP earned 3 cents per share on revenue of $625.1 million. Analysts had forecast a profit of 3 cents per share on revenue of $618.3 million. If you think that the stock won’t fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on STP.

STP opened this morning at $9.05. So far today the stock has hit a low of $9.05 and a high of $9.38. As of 11:55, STP is trading at $9.17 up 0.18 (2.0%). The chart for STP looks neutral and S&P gives STP a neutral 3 STARS (out of 5) hold ranking.

Continue reading Suntech Power Q2 Revenue Beats Estimates

Suntech Power Q2 Revenue Beats Estimates originally appeared on BloggingStocks on Wed, 18 Aug 2010 13:20:00 EST. Please see our terms for use of feeds.

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Technical Analysis – Suntech Power – BloggingStocks – China – Business

In the race of economies, China is now number two. It passed Japan and will most likely stay there for the rest of the year. China’s economy is valued at $1.33 trillion beating Japan’s $1.28 trillion.

So, you say, what’s the big deal? The big deal is that China is now the powerhouse in the East, while the US remains the leader in the West. China can use its clout to increase trading with nearby countries in the East. The number two slot is important because China beat out the European Union, even its biggest exporter, Germany. So we can say that China has moved westward.

Continue reading China’s Economy Second Largest In World Now

China’s Economy Second Largest In World Now originally appeared on BloggingStocks on Mon, 16 Aug 2010 17:30:00 EST. Please see our terms for use of feeds.

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China – Japan – Germany – Economy of the People’s Republic of China – United States

Economic data out of China this week is suggesting a slower pace of growth for the emerging economy, and one options player is trying to capitalize on anticipated weakness in some of China’s largest companies. Bright and early Friday morning, a bearish bettor sent a long put spread across the tape on the iShares FTSE/Xinhua China 25 Index (FXI).

Specifically, the trader purchased about 11,000 contracts of FXI’s November 38 put, and simultaneously sold 11,000 contracts of the November 33 put. With FXI lingering around $40 at the time of the transaction, both of these intermediate-term puts are out of the money.

Continue reading China Bear Opts for a Long Put Spread on FXI

China Bear Opts for a Long Put Spread on FXI originally appeared on BloggingStocks on Fri, 13 Aug 2010 11:40:00 EST. Please see our terms for use of feeds.

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China – Technical Analysis – IShares – BloggingStocks – Business