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#4516
27-02-2014, 05:17 PM
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Chinese Government Intervention
China government intervened this week to weaken the CNY to reduce speculation.
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#4517
27-02-2014, 05:35 PM
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Re: Chinese Government Intervention
Quote:
__________________
=================== HURRICANE88 no moderator ethics Hurricane88 big bully organise mass zapping: http://i58.tinypic.com/2dieq7m.jpg Evidence of moderator being gangster & threatening to ban SBF member: http://www.sammyboyforum.com/showpos...postcount=2868
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#4518
27-02-2014, 05:42 PM
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Chinese Government Intervention
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This week the China government interevene to reduce speculation. Could be an one off gesture. http://finance.yahoo.com/news/china-...160648943.html SGD gain against RMB substantially this week. Can change some this week. Raffles Arcade approximately 4.81 today.
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#4519
27-02-2014, 05:48 PM
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Re: Chinese Government Intervention
Quote:
__________________
=================== HURRICANE88 no moderator ethics Hurricane88 big bully organise mass zapping: http://i58.tinypic.com/2dieq7m.jpg Evidence of moderator being gangster & threatening to ban SBF member: http://www.sammyboyforum.com/showpos...postcount=2868
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#4520
27-02-2014, 05:57 PM
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Re: Chinese Government Intervention
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maybe soon it will go down again
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#4521
27-02-2014, 05:58 PM
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Chinese Government Intervention
Quote:
Can change some this week but don't change so much. Do it in batches.  Usually Friday's rates is going to suck so change it by today. Quote:
So capitalise on this week's substantial gain against RMB. Most probably will hover around 4.7X at money changers from now until April.
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#4523
28-02-2014, 05:56 PM
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Re: Chinese RMB rates..
Now at arcade change RMB. The rate is 4.81 is the highest among others money changer
__________________
Daily pick to give 13 points away for exchange. For those keen to exchange points, minimum Power +7 Need u to post something that i can return u the points.
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#4524
28-02-2014, 09:03 PM
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Re: Chinese RMB rates..
Quote:
Don't think J8 will offer better rate than Arcade Quote:
__________________
Thank to all brothers who up my points, pls leave your nick for me to reciprocate. wan25w
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#4525
28-02-2014, 09:17 PM
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Re: Chinese RMB rates..
Quote:
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#4527
03-03-2014, 07:29 PM
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Re: Chinese RMB rates..
Arcade today pm : 4.815 (best rate)
__________________
=================== HURRICANE88 no moderator ethics Hurricane88 big bully organise mass zapping: http://i58.tinypic.com/2dieq7m.jpg Evidence of moderator being gangster & threatening to ban SBF member: http://www.sammyboyforum.com/showpos...postcount=2868
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#4528
04-03-2014, 02:31 PM
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Re: Chinese RMB rates..
Now arcade rate for RMB is 4.81
__________________
Daily pick to give 13 points away for exchange. For those keen to exchange points, minimum Power +7 Need u to post something that i can return u the points.
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#4530
06-03-2014, 01:45 PM
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Guangdong gets tough on sex trade
Report from China Daily dated 6 March 2014 :-
Guangdong gets tough on sex trade A senior Party leader from Guangdong province vowed on Wednesday to take tougher action against prostitution and crimes linked to the sex trade as the southern economic powerhouse continues its three-month crackdown on prostitution. "We will continue our investigation into the prostitution industry and strengthen our efforts to tackle the problem," said Hu Chunhua, Party chief of Guangdong. Hu made the remarks at a panel discussion during the annual session of the National People's Congress, which convened in Beijing on Wednesday. The sweeping crackdown came a day after a China Central Television report on Feb 9 exposed rampant prostitution in massage parlours and hotels in Dongguan, about 100 km from Hong Kong. As of Feb 28, more than 3,100 entertainment venues across the province have been shut down for their alleged involvement in prostitution. Among the shuttered venues, 2,147 are located in Dongguan, a city known for its large manufacturing and trade sectors but also for its underground casino resorts, bathhouses, massage parlours and backstreet brothels. "We had already planned a move to crack down on prostitution this year - like the way we fought against drugs last year. The CCTV reports of Dongguan's rampant sex trade forced us to launch the campaign earlier," Hu said. Hu said police have made 363 arrests across the province and are investigating 30 officials in Dongguan. "The government was partly responsible for the development of the sex trade in Dongguan so we introduced an accountability system to punish officials who provided protection to illegal sex activities," Hu said. Yan Xiaokang, Dongguan's deputy mayor and police chief, has been sacked and several police officers in city townships have been punished, Hu said. "Offenders, including organizers, operators and those who gained from the sex trade, will be particularly targeted in the crackdown," Hu added. Yuan Baocheng, mayor of Dongguan, declined to say on Monday how the crackdown would affect the city's economy. At last year's NPC session, Yuan said the city would not rely on the sex trade, gambling and drugs for its economic growth. "I have to say that some social problems, such as underground prostitution, the drug trade and gambling, have emerged in Dongguan along with other cities in Guangdong, following decades of rapid economic development," he said. Media reports have estimated that the sex industry has contributed about one-tenth of the city's revenue. Dongguan's economy grew by 9.8 per cent year-on-year to 550 billion yuan (S$114 billion) in 2013. Media reports have also estimated that at least 300,000 people work in the sex industry in Dongguan. China Daily could not confirm the number. "But we will never rely on such negative factors to drive economic development," Yuan said. ------ KatoeyNewsNetwork
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Re: Chinese RMB rates..
