September 30, 2008
Buffett Bets on Chinese Batteries
September 29, 2008
China to USA: A fish doesn’t stink from the tail
The 2008 summer session of the World Economic Forum has concluded in Tianjin
, China, with harsh words from China bank regulator Liu Mingkang who criticized the US financial industry for getting the world into the current credit and liquidity mess. The oft quoted and widely respected Chairman of Morgan Stanley Asia, Stephen Roach, said
the "The US will have its version of Japan’s lost decade" now.
The consenus appears to be that economic growth will come soley from Asia in the years ahead with all eyes on China primarily.
Labels: bubble, credit crunch, financial crisis, world economic forum
September 25, 2008
Hong Kong Financial Virus Erupts
While Washingon and New York scramble to avoid a repeat of October '87 or even '29 on Wall Street, the Hong Kong rumour mill is in full gear and could yet trigger a massive slide.
Labels: banking, financial crisis, hong kong, panic of 2008
September 24, 2008
China Space Program Accelerates
While it may be the 1930s again in Washington and New York, for urban Chinese it's the go-go Sixties with pop culture celebrating the advances of the Chinese space program (at left, the "Shenzhou VII" mobile phone).
On Thursday, the Shenzhou VII
will lift off into orbit around Earth and test new advances in made-in-China space technology including a spacesuit for China's first ever spacewalk, air-locks, and rocket improvements. The lift-off will be broadcast live in a show of confidence in the Chinese space program.
Labels: missile defense, shenzhou, space program, spacewalk
China May Say NO to Derivatives
According to an "exclusive
" at Bloomberg, Beijing is reconsidering whether to introduce derivatives and further liberalize China's financial sector. Hank Paulson's supreme reputation is seriously tarnished and that has diminished his still considerable guanxi with the State Council. I predict China will turn more to Europe now as its primary model.
Labels: china, derivatives, financial crisis, paulson
September 19, 2008
At 100 GM Turns Chinese
September 18, 2008
Will China Rescue Morgan Stanley?
Already the China Investment Corp., China's sovereign wealth fund, owns close to 10% of Morgan Stanley. The latest speculation
is a bigger investment maybe even a partial take over is in the works.
Labels: china, money, morgan stanley, sovereign wealth fund, swf
September 17, 2008
Results of US-China Joint Commission on Commerce and Trade Meeting
The 19th session of the US-China Joint Commission on Commerce and Trade (JCCT) produced some important developments potentially impacting US exports to China (particularly medical devices) and progress at long last toward China entering into the WTO Government Procurement agreement. Details here
Labels: china, chinese trade, exports, goverment procurement, imports, jcct, wto
Obama China Bash Disingenuous
Obama TV spot
accusing McCain of supporting US manufacturing jobs to China is a tad disingenuous given the all-important role the Clinton administration played in signing into law the US-China trade deal. And it pays no attention to the complex import/export ramifications of Corning's numerous China joint ventures. Finally, as with so much about trade with China, Corning's investments are one component of cheap flat screen TVs that so many Americans now enjoy.
China Tech Stocks Update
September 16, 2008
Beijing Cuts Interest Rate - Shanghai Freefall
Meanwhile in Shanghai, Chinese stocks sank further. The Shanghai Composite
closed under 2,000 for the first time since 2006.
September 15, 2008
Beijing Bolsters China Banks
September 08, 2008
USA More "Communist" Than China
So says investor guru (and Singapore resident) Jim Rogers
September 04, 2008
PROPERTY Sector Key to China Economy?
Morgan Stanley's China Analyst Qing Wang
"We believe that the outlook for robust growth in China hinges critically on
the sustainability of investment growth in the property sector. Indeed, it is
hard to justify a positive outlook for the Chinese economy in the next 12-24
months, unless one remains constructive about the role of the property sector as
an engine of growth, particularly in some areas (e.g., Chongqing)."
Wang believes property is not a bubble in China, arguing that China's high house-price-to-income-ratio can be reduced and is not out of line with other so-called developing nations. There is risk however Beijing may restrict the property sector and cause a hard-landing to the economy.
China Property remains a sector to watch...
Labels: bubble, china property, chinese stocks, foreign investment
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