The G20 has come and gone without any further calls on China to revalue and indeed without any further clues from the Chinese themselves. This could well mean that we are days away from an announcement. Wednesday update: the problems in Europe are grist to the Chinese ‘mill’ of uncertainty over the global recovery, thereby providing justification (if any is wanted) for further delay. This is one of the reasons why the G20 went out of its way to urge a rapid resolution of the Greek crisis.

China Wind Power International Corp. is an Ontario-based company that indirectly holds the exclusive rights for wind energy development in the Du Mon County of Heilongjiang Province in China. The Company is currently building a 546-megawatt (MW) wind farm in five phases, which it plans to complete by the fourth quarter of 2014. Phase 1 of the project consists of 34 turbines with a capacity of 49 MW, and began commercial production in December 2009. The approximate $71 million cost was financed with 26% equity and 74% debt. Phase 2, with capacity of 49.5 MW, is expected to be completed by the end of the second quarter of 2010. China Wind Power’s longer-term goal is to expand its capacity to 1,150 MW.

It seems clear that the surprise revaluation of the Singapore dollar was partly intended by the MAS as a nudge to China to do the same with the renminbi. This is quite helpful as the artificially low renminbi causes trouble far beyond Sino-American relations. However, the imminence of a move by the Chinese is causing problems for the Japanese as for some reason the yen is being bid up in sympathy. In fact, the global jitters on Friday resulted in euro and pound weakness and dollar and yen strength.

(HOUSTON) March 29 – Chinese conglomerate Zhejiang Geely Holding Group announced on Sunday that it will purchase Ford Motor's (NYSE: F) Volvo unit for $1.8 billion, a move that qualifies as China's clearest sign to date that the world's largest country is not content to merely be the world's largest auto market by number of cars on the road.

No significant data was released last week but the authorities are clearly worried about inflation, including house prices. They also seem to be using a ‘good cop, bad cop’ approach to dealing with the rising chorus of criticism from US politicians on their exchange rate policy. They are probably mildly encouraged by the rows developing amongst US economists (one has suggested that a baseball bat be taken to one of his ‘eminent’ critics) as to why the renminbi is undervalued: Chinese manipulation or US profligacy and a related neglect of the deficit. Meanwhile, the Obama Administration is probably quite happy about complaining senators whilst continuing to talk warmly and calmly of Sino-US relations, reflecting the reality that both sides need each other and a face-saving deal will be reached.

Although Washington has been complaining mightily about China stealing American jobs, the evidence is quite compelling that the Chinese bear little blame. While U.S. firms struggle to find capital, foreign investment into China is recovering at a healthy rate. China attracted $14.02 billion of foreign direct investment in the first two months of this year, up 4.9% from a year ago. Although China did experience a slump in foreign direct investment (FDI) during the height of the global financial crisis, that trend has definitely been put into reverse.

The political temperature is rising sharply in Beijing and Washington in a war of words over the value of the yuan. This is a battle that has been brewing since 2003, with U.S. lawmakers arguing that China has gained an unfair trade advantage by artificially depressing the value of the yuan. The war of words escalated sharply over the weekend and it continues to grow hotter.

You could almost hear the sound of the sky falling as journalists around the world hit their keyboards pronounced judgment on the latest inflation figures from China. Consumer prices rose by 2.7 percent in February, the most in 16 months. That exceeded the expectations of professional prognosticators by about 0.2 percent. Bloomberg quickly declared that, “China’s accelerating inflation has started to erode household savings, threatening to spur purchases of property and stocks and fuel asset-price pressures.”  Other news sources and analysts jumped in with predictions that China will be forced to raise interest rates to prevent a property price bubble and runaway inflation.

We’re sticking with the old saying “the trend is your friend” as we wait for Chinese investors to get over a bad case of nerves. Shanghai's stock market has now dropped to a five-week low, breaching below the 3,000-point mark. Sources in China and the U.S. agree about the reasons. There are nagging ongoing concerns that China’s economic stimulus measures will be tightened up in the near future to curb inflation risks. In Monday’s trading, the key Shanghai Composite Index lost 1.21 percent, or 36.47 points, to close at 2,976.94. Turnover was $11 billion.

China has beaten expectations once again. China's exports jumped 45.7 percent in February compared to the same month a year ago to $94.5 billion. That’s up sharply from January’s 21 percent rise. February’s figure is all the more surprising because the export jump reflects robust trade during the week-long Lunar New Year holiday. Last year the lunar holiday fell in January, making the 2010 comparison even more remarkable. Surging exports aren’t just good news for Chinese manufacturers. A closer look at the figures indicates accelerating economic recovery in recession-plagued economies around the world.

China’s solar stocks took a beating recently on news that Germany will be cutting subsidies for solar power installations, and that some other European nations might follow suit. But the company widely considered to be China’s top solar power firm, Suntech Power Holdings (STP) has beaten the skeptics. Suntech says it has moved to a stronger-than-expected profit of nearly $50 million as it benefitted from cost-cutting and unexpected growth in Germany. Suntech believes that sales in Germany shot up as solar power generators rushed to install new capacity before subsidies were cut. Suntech reports fourth-quarter earnings of $49.9 million, or 27 cents a share, more than doubling expected EPS. In the same quarter a year ago, Suntech lost $109.1 million, or 69 cents a share, partly due to a major inventory write-down.