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Huge wealth; huge misery: China by numbers
The Independent on the 10th May had a China special. The numbers at the end of the article are worth posting to have on record.
Whilst the writing style is “sensationalist” it is well written and does paint a good picture.
The dragon awakens: China, how did it happen? [Independent]
What is happening in China is the [...]
Smaller Smelters Agree Over Output Cuts
For those of you who are using metals in your products, or are speculating in the metals market, here is some news that you should pay attention to.
Smaller smelters agree over output cuts
With 20% of steel production offline for Olympic pollution concerns, it looks like other smelters are being taken down as well - [...]
Direct Flights from Taiwan to Mainland China
In the mid-1980s, Taiwanese businessmen, at least those of a cautious nature, were too frightened to participate in the triangle trade （三角貿易）. That business moved product under the radar from Taiwan into China, when direct trade was prohibited with major consequences for Taiwanese (imprisonment and fines) and Chinese (who knows? execution, probably).
An [...]
Chengdu Investment News: July 17
1. US Secretary of State Rice visited Dujiangyan
In response to the invitation of Chinese foreign minister Yang Jiechi, US Secretary of State Condoleezza Rice leading a delegation of over 60 members arrived in Chengdu on June 29th, and moved on to Dujiangyan for a visit, which was severely hit by the Wenchuan Earthquake. Rice is [...]
Clean Up or Clean Out: 1 Year Update
In my post Summer 2007: A Catalyst for Environment Change in China I predicted:
The summer of 2007, will be shown as a turning point in China’s development
and unfortunately for one client, I found out last week that I was right, and their proposed investment in a East coast city is still in a holding pattern [...]
Stockmarket bounce and stamp duty
Good coverage of the recent stockmarket bounce of 9% following large recent falls that saw the main index fall below 3000. All predicted here at Chinaeconomicblog of course.
To the West such blunt policy reversals seem to undermine the credibility of the government but given the importance on “stability” we should not be surprised.
Stock market [...]
New York Times At It Again: This Time, The Sichuan Earthquake
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TODAY’S POST
This op-ed piece in the New York Times — printed just days after the almost unfathomable suffering [...]
“killing the rooster to scare the monkey” over "ratholes"
So many animals in one article made this FT piece a “must blog post”.
It will come as no surprise that there exist a large number of loopholes and shady dealing in the Chinese stockmarket.
The financial sector will always be ahead of the giant lumbering government. This is also true for Western countries as the [...]
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