June 18, 2010
SORRY SO SILENT
My apologies for the two months of silence at this space on Sinomania! I am experiencing a spectacular loss. My partner of almost 13 years (actually we are legally married) died after a 5+ year fight with a rare cancer--ocular melanoma that metastasized. While his death did not come without warning it was nonetheless a shock and turned my world upside down. Not to be overly dramatic, I will be back, Sinomania! will be upgraded, and I plan to travel deep into China soon to report on what’s really happening with the world’s most beguiling and misunderstood giant. Meanwhile, please use the blog space to comment on the “news” of China presented by world media.
April 01, 2010
Sinomania! on assignment - Open Thread
Sinomania! will be on assignment until next week. Use this post as an open thread. Treasury must report to Congress on Chinese currency in mid month. Will the Obama administration appease scared politicians up for re-election with a Chinese bogeyman and unleash a trade war?
[UPDATE: Camp Obama Punts - the Treasury Dept. said its semiannual statement on currencies will be delayed until after the G20 summit in June. When the USA put pressure on China at the Copenhagen Summit it nearly derailed the entire event. At last year's G20 in London China showed it is impervious to pressure even from her so-called peers. Good luck Geithner.]
Labels: currencies, news
CHINA TO SELL US TREASURIES FOR GOLD
In a surprise move Beijing's State Council will soon announce that China will redeem nearly all its holdings of US Treasury securities and demand compensation for their current market value in gold. Official notification is expected in advance of the US Treasury Department's anticipated ruling that Beijing is manipulating Renminbi and will be delivered in private direct to Treasury Secretary Geithner before the close of business April 1. Through an obscure legal ruling from the days of FDR China will demand payment for its holdings of US treasuries in gold and at just under $900 billion Beijing will take possession of a large part of Fort Knox. An unnamed source at the White House said all efforts would be made to discreetly move the gold from Fort Knox in order to avoid anti federal government sympathies....
[Ed. note: this is a special April Fool's Day report.]
Labels: news
July 07, 2008
Business News Summary July 7, 2008
from the Xinhua Finance newsfeed:
-China's Hu leaves for Japan to attend G8 climate change session
-Q2 business prosperity index rises to 137.4 vs 136.2 in Q1
-China to buy additional 300,000 tons sugar at 3,400 yuan per ton
-China economy expanded at 'decent' rate in Q2 - JPMorgan
-CITIC Bank sees H1 net profit up over 150 pct yr-on-yr
-Bank of Ningbo sees H1 net profit up 85-90 pct
-Vanke H1 property sales 24.13 bln yuan, up 38.1 pct yr-on-yr
-Chongqing Changan Auto June vehicle sales 18,053 units
-General Motors H1 China sales up 12.7 pct yr-on-yr at 590,126 vehicles
-China Railway Group units wins 2.95 bln yuan worth of contracts
-Exim Bank to auction 10 bln yuan in 3-yr floating-rate debt
-China Shipping Group to auction 100 pct of terminal unit for 2.6 bln yuan
-Alibaba Group invests 2 bln yuan in online auction unit Taobao.com
-China NDRC approves two alumina projects involving total capacity 1.5 mln tons
-HK-listed CNOOC Ltd reports new discovery in Bohai Bay
-China Eastern Airlines to lease three A340 aircraft from ICBC unit
-Western Mining completes approval process for FerrAus deal
-SDIC, Dutch group Vopak to build crude storage facility in Hainan
-Asia Environment completes placement of 50 mln shares to KSC Fund
-Singapore-listed Bio-Treat reaches settlement with Abax; no material impact seen
-China NDRC approves nation's first offshore wind power project
-Singapore-listed Jiutian Chemical to invest in new methanol facility
-Huaneng Group wins approval to build two wind farms
-BoComm raised to 'BBB+' on capital strength, risk management - S&P
-Hong Kong-listed Agile Property's rating unaffected by Morgan Stanley deal-S&P
-Q2 business prosperity index rises to 137.4 vs 136.2 in Q1
-China to buy additional 300,000 tons sugar at 3,400 yuan per ton
-China economy expanded at 'decent' rate in Q2 - JPMorgan
-CITIC Bank sees H1 net profit up over 150 pct yr-on-yr
-Bank of Ningbo sees H1 net profit up 85-90 pct
-Vanke H1 property sales 24.13 bln yuan, up 38.1 pct yr-on-yr
-Chongqing Changan Auto June vehicle sales 18,053 units
-General Motors H1 China sales up 12.7 pct yr-on-yr at 590,126 vehicles
-China Railway Group units wins 2.95 bln yuan worth of contracts
-Exim Bank to auction 10 bln yuan in 3-yr floating-rate debt
-China Shipping Group to auction 100 pct of terminal unit for 2.6 bln yuan
-Alibaba Group invests 2 bln yuan in online auction unit Taobao.com
-China NDRC approves two alumina projects involving total capacity 1.5 mln tons
-HK-listed CNOOC Ltd reports new discovery in Bohai Bay
-China Eastern Airlines to lease three A340 aircraft from ICBC unit
-Western Mining completes approval process for FerrAus deal
-SDIC, Dutch group Vopak to build crude storage facility in Hainan
-Asia Environment completes placement of 50 mln shares to KSC Fund
-Singapore-listed Bio-Treat reaches settlement with Abax; no material impact seen
-China NDRC approves nation's first offshore wind power project
-Singapore-listed Jiutian Chemical to invest in new methanol facility
-Huaneng Group wins approval to build two wind farms
-BoComm raised to 'BBB+' on capital strength, risk management - S&P
-Hong Kong-listed Agile Property's rating unaffected by Morgan Stanley deal-S&P
Labels: business news, china, news
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