Wednesday March 10 - 7:00 AM

Chinese imports are soaring as of late. This is good news for the west, as it helps reduce the trade imbalance. Moreover, this, along with rising home prices on the main-land, is also likely to speed up the clock on allowing the Rebinmi to rise against the dollar. The Shanghai Composite Index closed 0.7 percent lower on concern that the central bank may raise interest rates to cool the economy. Twelve-month non-deliverable yuan forwards were little changed at 5 p.m. in Hong Kong. The contracts indicate that traders expect the yuan’s peg to the dollar will break and the currency will climb about 2.9 percent in the next year.