SINGAPORE (Dow Jones)–China’s weeklong May Day holidays have come and gone without a change to the country’s currency policy, but that hasn’t stopped analysts and traders from speculating that Beijing will let the yuan rise in the coming weeks and months.
China failed to loosen its hold on the currency during national holidays last week and a special trading session Sunday, as some had expected, prompting speculators Monday to unwind their short-term bets on a near-term revaluation of the yuan.
But prices of yuan non-deliverable forwards indicate that longer-term revaluation plays are still favored and analysts are now looking to future events that might trigger action by China to let the yuan appreciate.
One-month dollar-yuan NDFs narrowed to a discount as small as 650 Monday from last week’s historic wide level of 1100, indicating that market participants view the chance of a rise in the yuan as much smaller than it was a week ago.
Related Travel Information
Explore Holidays has made its mark on the Australian travel landscape with the launch of its first-ever comprehensive domestic travel program.
The move follows the roll-out last month of a wide-ranging spread of new Asia product offering Bali , China , Hong Kong and Macau , Malaysia and Singapore as well as a combined Thailand , Vietnam and Cambodia brochure
Explore Holidays has prefaced the release of the new domestic program with the release of a four-page flyer offering a range of ‘Bargain Breaks' specials in several popular holiday destinations.
These include the Whitsunday Islands, Tropical North Queensland, Tasmania, central
BEIJING, May 9 -- China's tourism industry saw record business during the May Day holiday, also known as the golden week holiday.
Official statistics show that tourist sites across the country received 120 million people. They spent a total of 47 billion yuan, or almost six billion US dollars on their trips.
Shao Weiqi, the Chinese Minister of Tourism, attributes the good results to good tourism research and proper services at tourist sites.
"Not only in China, but also some foreign travel agencies were catching this golden
Japan's chief cabinet secretary said Monday his country plans to hold talks next month with China to repair bilateral relations.Japanese Chief Cabinet Secretary Hiroyuki Hosoda said Monday the leaders of both nations remain committed to resolving issues and disagreements, Kyodo News reported.
Hosoda told a news conference the talks are expected to begin after Japan's Golden Week holidays end May 8. He said they might be held at the foreign ministerial level, as well as the senior working level.
"Both countries will have to present ideas on how to sort out problems in order to resolve them one by one," Hosoda said.
He
Beijing May 7 -- It has been some time now since people in this country talked about the decline of tradition and custom as something that worries them. Some have even appealed to the government for help to honour our national heritage.
One appeal, which was heard from the debate in the National People's Congress earlier this year, is for the inclusion of more traditional festivals into the official holiday system. This appeal, I think, will gain more widespread support with time.
Currently, in the Chinese mainland, people take days off only
Cathay Pacific launched its Hong Kong and Asia-Pacific summer holiday packages which offer 46 convenient and flexible choices throughout Southeast Asia, USA, Canada, Australia and New Zealand.
"In response to the strong demand for holiday products to Hong Kong and the Asia-Pacific region, Cathay Pacific has drawn up 46 holiday packages specifically for the market here. The 2005 Cathay Pacific Hong Kong and Asia-Pacific Holidays give our customers a wide choice of destinations in 10 different countries across the region. In addition, there are both Economy and Business Classes options giving customers even more choice and the opportunity to customize their