...differences between China and the US. Note: absolutely nothing of significance will be learned in this presentation, which is merely a rehash of stale, faulty and thoroughly discredited assumptions yet it is a good starting point to learn about all that is flawed in the prevailing view of how the two countries are supposed to coexist in the futu... from zero hedge - Jan 22, 2011
...Chinavestor) The following Chinese companies are going to report financial results for the quarter ended December 31, 2011 starting January 24, Monday. The week is heavy for U.S. stocks, such as Yahoo and Microsoft, but is light for Chinese ADRs. Most Chinese companies will report in February and March.
from Chinavestor - Jan 22, 2011
...features of China’s continuing growth as an economic power is its extreme (as in unprecedented in the modern era) dependence on exports and investments as drivers of growth. Even more troubling is that as expansion continues, consumption keeps falling as a percentage of GDP. As countries become more affluent, consumption tends to rise in relati... from Naked Capitalism - Jan 22, 2011
...NEXT TIME China Goes to Nixon - Krugman "But for whatever reason — the power of export interests, refusal to do anything that looks like giving in to U.S. demands or sheer inability to think clearly — they’re not willing to deal with the root cause and let their currency rise. Instead, they are trying to control inflation by raising interes...from Maoxian - Jan 22, 2011
...expansion in China, not a falling US dollar.US Dollar Weekly Chartclick on chart for sharper imageFor all the paranoid screaming, hyperventilation, and hyperinflationist nonsense concerning the US dollar, the chart shows the US dollar to be almost exactly where it was a year ago, and higher than it was three years ago.Amusingly, a monthly chart ...from Mish's GETA - Jan 22, 2011
By Daniel Dombey in Washington American leaders complain that private meetings with their Chinese counterparts can be as frustrating and as hard-to-read as Beijing’s public pronouncements – and that they are often scripted from start to finish. So perhaps the two most telling moments of President Hu Jintao’s visit to the US this week were...from beyondbrics - Jan 22, 2011
...out of China, where the marginal liquidity has now dried up, leading to such explosions of concern as 7 day SHIBOR going asymptotic (a topic discussed earlier). Some readers have expressed a concern as to just how credible RRR and interest rate hike actions are as relating to the performance of the Chinese stock market. Well, a look at the recen...from zero hedge - Jan 22, 2011
...As China’s Hu Jintao wrapped up his American trip in Chicago, US media attention had already begun to shift back to that old favorite, jobs, thanks to Barack Obama’s appointment of GE chief Jeff Immelt as head of a new job creation advisory board. But the Chinese president’s visit shouldn’t be left out of the...
from beyondbrics - Jan 22, 2011
...China's problem. Paul KrugmanChina's inflation dilemma. Charlie FellChina's SHIBOR bounces big. Zero HedgeChina NPL's. Michael Pettis30% chance of Chinese hard landing. Ambrose Evans-PritchardGreatest bear market rally in history. Calculated Risk The efficacy of capital controls. VOX(h/tNaked Capitalism)The future of Fannie & Freddie. NYTEur...from Houses and Holes - Jan 22, 2011
...China Asset Management, the nation's biggest mutual fund company, boosted its holdings in property stocks in its flagship fund in the fourth quarter even as the government tightened policies to curb asset bubbles.from Home/Business - Jan 21, 2011
Die Unterschiede zwischen Stadt und Land sind in der Volksrepublik enorm. Um eine "permanente Urbanisierung" zu erreichen, muss das Land ein soziales Sicherheitsnetz für die Zehntausenden Wanderarbeiter schaffen. Von heute auf morgen wird das aber nicht gehen.from FTD Top - Jan 21, 2011
...predictions for China in 2011. Inflation in food prices will take longer than expected to control. Middle-class bankruptcies will expand dramatically. Minimum wages … Continue reading →
from China Bystander - Jan 22, 2011
...China: "Shaker or Shaper?" Debt: "The Problem that Won't Go Away" The End Game: "Global Debt Reset" Given All This, How Do We Approach the Next Few Years? Good stuff and highly recommended!
from dshort.com - Financial Life Cycle Planning - Jan 21, 2011
...China’s would-be global companies should not take world markets for granted. As Lex pointed out on Friday, if Li Ning continues on its current trajectory, the similarities with Nike will start and end with the swoosh-alike logo”. Lex writes that the Beijing-based sports...from beyondbrics - Jan 21, 2011
...China is overheating, and it might have a wee inflation problem, but no bank liquidity crisis would ensure from compensatory tightening, right? OK then. Move along, nothing to see here in the one-week repo rate, China’s most unfettered measure of healthy interbank markets (over Shibor): Or in the related one-year interest rate swap, which is at...from FT Alphaville - Jan 21, 2011
...based in China. It trades for $86 million despite a net cash position (cash minus debt) of $95 million. If an American company traded at a similar discount to its net cash, it would either be March of 2009, or the company would be losing money hand over fist. But Jiangbo is not only not losing money, but has generated net income of $44 million o...from Barel Karsan - Jan 21, 2011
...has helped China's consumers creep up on their American counterparts, a new study says.
from WSJ.com: China Real Time Report - Jan 21, 2011
...crisis in China. According to this argument, China has developed a very efficient and low-cost way to address banking crises, and the proof is that China’s last banking crisis, which occurred only a decade ago, was quickly and easily resolved. I am afraid this argument makes absoutely no sense and is based on an inability to understand how the ...from China Financial Markets - Jan 21, 2011
...China! The index has been created by Citigroup and its based on the idea that a country’s central banks are more likely to have to respond to a food price shock if: 1) the consumer price index is sensitive to changes in good prices. 2) growth is strong — the chances of contagion from food prices to core CPI are strongest when demand pressures ar...from FT Alphaville - Jan 21, 2011
...US and China – combined. Phosphate, which was previously behind the fortunes of Christmas Island and Nauru, is also a dwindling global resource, based on a study by Professor Stuart White and Dr Dana Cordell of the University of Technology, Sydney. Based on White and Cordell’s research, we may see a global peak in phosphate rock reserves within ...from Houses and Holes - Jan 21, 2011
...China's huge property and credit bubbles, the Yuan, and commodities. Unfortunately there is no way to embed the videos, but here are links with a brief synopsis.Yuan May Be OvervaluedYuan May Be Overvalued"Nobody wins a beggar-thy-neighbor devalue your currency race to the bottom. That we know. It simply does not work. We found that out in the 1...from Mish's GETA - Jan 20, 2011
...see China’s food CPI vs non-food CPI below. As a result of the fact that food price shocks tend to be exogenous (bad weather, pests, etc) CBs quite reasonably tend to ignore it and focus on “core” CPI – CPI ex-food (and energy, depending on where you are) to avoid chasing their tails. The result is that food prices have to bleed into general pri...from Macro Man - Jan 20, 2011
...China's implied oil demand surged 19 per cent to a record 9.6 million barrels per day in December, ending the year with record refining volumes and strong diesel imports. from Home/Business - Jan 20, 2011
With Chinese new year fast approaching, many investors want a peek into the crystal ball to gauge what the new year holds for greater Chinese equities, writes Josh Noble from FT.com - World, Asia Pacific - Jan 19,
...China’s customs revenue totalled 1.25 trillion yuan (189.9 billion U.S. dollars) in 2010, up 35.9 percent year on year, the country’s customs authority said Wednesday. Chinese customs authorities collected 202.78 billion yuan in tariffs last year, up 36.7 percent year on year, according to the General Administration of Customs (GAC). They al...from Tantao News Network » China Focus - Jan 19, 2011
...More from China Shapes the World series China’s best way forward, Yu Yongding The west needs to stand up to Beijing, John Bolton From elsewhere: Should you move to China? CNN Video: In case you missed it, the Hu-Obama rap Made in China …Continue reading: "Further reading: facing,...
from beyondbrics - Jan 19, 2011
...predictions about China in the coming years, BP comes out with another. In a report released on Wednesday, the energy giant claims that China will be the largest source of oil consumption growth over the next 20 years – increasing consumption to 17.5m barrels per day …Continue...
from beyondbrics - Jan 19, 2011
...been labeled China’s Youtube, and which went public in early December, received a trio of initiations this morning, all of them rather subdued on the prospect of profit despite a brilliant opportunity in the online ad market. Youku shares are down $3.29, or almost 9%, at $34.19. Evan [...]
from BARRONS.com: Tech Trader Daily - Barron's Online - Jan 18, 2011
...from east China’s Jiangxi Province and began working in Hangzhou, capital city of Zhejiang province, a few years ago. In the past, the ordinary train tickets cost them 76 yuan (about 11 U.S. dollars) apiece. This year, due to the operation of high-speed trains, the number of ordinary trains in service was reduced and cheaper tickets for trav...from Tantao News Network » China Focus - Jan 18, 2011
...in east China’s manufacturing region. Employers at Nanjing’s Andemen manual labor market are strangely idle, except when a rare jobseeker ambles in and sparks a flurry of activity. No longer signing up eager workers en masse, employers vie for attention, bidding up offers of pay and conditions, while jobseekers hold out for the best deal. T...from Tantao News Network » China Focus - Jan 18, 2011
...India and China (BRIC) markets plus Egypt, Indonesia and Saudi Arabia. Taken together, these consumers represent over 3 billion of the world’s population, residing in countries that make up a combined GDP of over USD 10 trillion. from Credit Suisse - Economy & Finance - Jan 18, 2011
...India and China – that he dubs “growth markets”. The very term “emerging markets” he argues is no longer helpful because it encompasses countries with too great a range of economic prospects. Indeed, he told the FT, “it’s just pathetic to call these four emerging markets”. The new approach will involve different ways to measure exposure to equit...from FT Alphaville - Jan 17, 2011
...relative to China.But it gets much worse: If Edwards is correct, and it is not the working population but the working population as a % of total population that matters (which is critical considering the recent 25 year low in the labor force participation rate), then all those calling for a divergence between the US and Japanese case studies may...from zero hedge - Jan 17, 2011
...translations by China Digital Times and David Bandurski of China Media Project for the above: a purported General Notice from the Chinese Communist Party’s propaganda department, effective January 4, 2011 — and leaked by Chinese journalists, Radio France International (Chinese) reported. The contents of the notice (which extends to 10 separate d...from FT Alphaville - Jan 17, 2011
Shanghai is so last season. Beijing is old hat. For foreign companies seeking to tap into the growing wealth of the world’s second largest economy, it’s time to go up river. Consumers in smaller cities – i.e. ones you probably haven’t heard of – are more optimistic about their incomes and are more likely to...
from beyondbrics - Jan 17, 2011
...devastating to China. In Australia, fruit and vegetable prices are projected to increase 30% this year as a result of La Niña. And recall Australia is a major agricultural exporter, so production shortfalls there will hit other markets. Super La Niñas tend to impair food output overall. 2007-8 saw a borderline super La Niña, and we saw sharply h...from Naked Capitalism - Jan 16, 2011
...China wants to rein in inflation, or so it says. It also wants 10% growth per year as far as the eye can see. It does not want to float the Yuan, and it does not want to hike interest rates. Nor does China want to do anything about credit gone amuck.In other words,China wants the proverbial "free lunch". Given there is no free lunch, China is o...from Mish's GETA - Jan 15, 2011
...faster than China's. Will 2012 be that turning point? This year, the World Bank expects China's economy to slow down to 8.7% from 10% last year as the government seeks to unwind fiscal stimulus, place restrictions on overheating sectors and tighten monetary policy. [ more › ]from Shanghaiist - Jan 15, 2011
...that believe China is the world’s foremost economic power. They may have read this cogent post from Peterson’s Arvind Subramanian, which crunches updated purchasing power parity (PPP) estimates and finds: My calculations (explained in greater detail below) based on the most recent version [2011 Penn World Table], which is due in early February, ...from FT Alphaville - Jan 14, 2011
We as a people – not as Americans, not as Westerners, but as a global population – are at a crossroads. No, I’m not about to invoke anything scientific (say, global warming), religious, or anything like that. I’m talking about that which demographically and macro-economically affects all of us. The growth of cities. Source: New York Times Recently...from MetalMiner - Jan 14, 2011
...my latest China Economic Review column about China’s high-speed rail investment, since it had to be cut short there due to space restrictions. Currently, China’s conventional rail system is stretched to capacity carrying two commodities: coal and people. And as Damien Ma, an analyst at the Eurasia Group, notes in a post today at The Atlantic, ...from Patrick Chovanec -
...China has embarked on the second largest public works program in history, following only the Eisenhower Interstate Highway System in size. China plans to spend more than $1 trillion on expanding its railway network from 78,000 km today to 110,000 km in 2012 and 120,000 km in 2020. The Interstate Highway System was originally authorized to be 66,...
from Shanghaiist - Jan 14, 2011 7:22 AM
...China 5.2%, Taiwan 4.9%, UK 4.4%, Canada 4.2%, South Korea 4.1%, and others 39.6%. The resulting sector weighting is Financials 21.4%, Industrials 15.7%, Consumer Discretionary 13.0%, Materials 11.5%, Technology 9.7%, Consumer Staples 7.5%, Energy 6.8%, Health Care 5.3%, Utilities 5.2%, and Telecommunications 3.8%. Additional information is loc...from Invest With An Edge - Jan 13, 2011
...Investing in China, India,... from ETF Trends - Jan 13, 2011