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Sohu.com Says Wireless Revenues Fell While Search Revenues Grew In China

Chinese online media company Sohu.com Inc. reported its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010, and said that while wireless revenues fell, online game and search engine revenues increased. The company's total revenues were USD173.2 million, up 27% year-over-year and 6% quarter-over-quarter. Brand...rom ChinaTechNews.com  

Chinese Companies Favour Shanghai IPOs, Survey Finds

...companies in China are likely to prefer a share sale in the domestic market in coming years, a recent survey has found. This will increase the proportion of Chinese initial public offerings in the domestic market.   from PEdaily Latest News 

The 5 Black Swans That Keep Dylan Grice Up At Night... And How To Hedge Against Them All

...China?s economic model is biased towards misallocating resourcesevery country which has industrialized has experienced nasty bumps on the wayChina and the US are in the early stages of an arms racedemographic trends suggest more conflict in the oil rich regions of the worldbottlenecks are developing in key commodity marketsthe only thing central...from zero hedge  

 

The China domino

...similarity with China: Food inflation of a breadth and severity that few in the market appreciate. China’s food inflation is different from its other inflations, notably real estate and wages. It is more dangerous. For as much as there have been spasmodic protests around the price and availability of homes and pay, and as much as there has been ...from macrobusiness.com.au -  

China-Based BCD Semiconductor Opens Flat Post-IPO

...China-based BCD Semiconductor Manufacturing Ltd. (BCDS) opened flat with its IPO price on its first day of trading Friday, then declined.rom      PEdaily Latest News - Jan 30, 2011  

...In China, Spring Festival has always been the most important holiday of the year—people drop their work and reunite with beloved family members. But with the rapidly increasing cost of living in cities, and wages not rising proportionately, many are starting to find the annual trip home for the New Year a daunting task. ...from Hao Hao Report - Jan 30, 2011  

 

How big is Chinese GDP?

...week of China’s fourth quarter GDP growth numbers by the National Bureau of Statistics (NBS).  You can find the full NBS report on their website, but here is the key paragraph: According to preliminary estimation, the gross domestic product (GDP) for the year 2010 was 39,798.3 billion yuan, up by 10.3 percent at comparable prices, or 1.1 percent...from China Financial Markets - Jan 29, 2011  

BOOK BITS FOR SATURDAY: 1.29.2011

...argue that China’s seemingly inexorable growth will slow, though it is less clear that China may, like Japan before it, then slip back. He is also persuasive in maintaining that the rich world’s policies on immigration (taking in the brightest and best) and the environment (transferring polluting industries abroad) will damage the poorest countr...from Capital Spectator - Jan 29, 2011  

 

China Blocks ‘Egypt’ on Microblogging Service

...but China Central Television had a report on its midday broadcast. Internet users inside China have reported being able to post the term “Egypt” (埃及) on Sina Weibo, but that search results for the term are in fact censored. China Geeks also reports on what Egypt news is and is not visible on the major Chinese news portals (as of Saturday morni...from China Digital Times (CDT) - Jan 30, 2011

Feldstein: The End of China’s Surplus,

...argues that China's current-account surplus is likely to shrink dramatically over the next few years: The End of China’s Surplus, by Martin Feldstein, Commentary, Project Syndicate: China’s current-account surplus ... is the largest in the world. ...China’s external surplus stands at $316 billion, or 6.1% of annual GDP. Because the c...from Economist's View - Jan 28, 2011  

China: Where Supply and Demand Laws No Longer Apply>

...In China when demand increases prices increase and attract more consumers willing to spend even more. Searching for a domestic travel destination last week for the upcoming Chinese New Year (during which the entire country has a week off) I found the perfect example to depict this phenomenon. I was targeting Sanya a beach destination. A local fo...from Minyanville - Jan 28, 2011

 

Times Have Changed: No More “China Produces and America Consumes”

...class in China. Today, China’s middle class is already larger than the entire population of the United States and is expected to reach 800 million in fifteen years. If this prediction sounds too bullish, chances are it is not. In 2006, McKinsey predicted that the by 2025, the Chinese middle class would reach 612 million and China would becom...from THE CHINESE DREAM - Jan 28, 2011  

Emerging Market Stocks Losing Allure: Carry Trade Reverses

...and China’s SSE Composite Index lost 2% in 2011. Inflation is climbing and interest rates are going up in these countries. The results haven’t been pretty for foreign investors. India raised borrowing costs this month in response to large increases in inflation. High food prices are driving overall inflation in India. Food inflation is above 15%...from Insider Monkey 

 

Chatting Messenger

...looks like China is looking at ways to ban Skype: The Chinese move appeared to be aimed at protecting three government-controlled phone carriers -- China Telecom, China Unicom and China Mobile -- that provide the bulk of China's telephone services. Saj: "Er, yeah we realize the average income of a Chinese citizen is $7500, but we're trying to ru...

from Barel Karsan - Jan 28, 2011

 

China PE Market Showed Great Enthusiasm in 2010 with 82 New Funds, 363 Investment Deals & 167 Exits

...China PE market considerably picked up its fundraising enthusiasm in 2010, when 82 PE funds available for the investment in Chinese mainland successfully raised US$27.62B in total, 2.73 and 2.13 times respectively as many as that in 2009.

from PEdaily Latest News - Jan 28, 2011

Martin Jacques: Understanding the rise of China

...When China Rules the World," and columnist for the Guardian and New Statesman offers three building blocks for understanding the rise of China. [ more › ]from Shanghaiist - Jan 28, 2011  

 

 

Chinese Apple Stores have Highest Traffic, Revenue

...out in China, and that—luckily for him—founder and CEO Steve Jobs “doesn’t care about China.” Apple’s most recent figures paint a different picture six months on, however. From the San Francisco Chronicle: Revenue in mainland China, Hong Kong and Taiwan in the first quarter quadrupled to $2.6 billion from a year earlier, [COO, Tim] Cook said du...

from China Digital Times (CDT) - Jan 29, 2011 (2 days ago)

 

Long versus short

...with keeping China afloat throughout the GFC. That spending has taken two years so far to unfold, and while the super city plan has a five-year timeline, it is an example of the kind of investment that should give bears suggesting China’s commodity demand growth will slow in the mid-term pause for thought. Similar plans are afoot in other areas....from macrobusiness.com.au - Jan 28, 2011

 

 

Whose Chinese property bubble is it anyway?

...what the China risk is, there’s a distinct air of ‘whose line is it anyway?’ regarding the cause of the country’s property bubble. Is it more the fault of households buying second (third, etc.) homes? Or is it developers? State-owned enterprises? Local governments? Worth asking those questions again, we think, after the State Council’s latest co... from FT Alphaville - Jan 27, 2011

"Consumer 2020": Analysis From Deloitte Shows What Recession, Economic Downturn Mean for the Future>

...like Japan China and Germany.Of course we now know that our “healthy economy” activity was a lot of economic “smoke and mirrors.” Companies    from Minyanville - Jan 27, 2011  

 

Kleinheinz Capital: Inflation is Biggest Threat to Emerging Markets

...markets like China may simply be the result of trade surpluses that arise from lower cost of labor and fast monetary growth spurred by large domestic and foreign investment in capacity. Without real productivity advances and a migration to higher value-added products and services, which would allow higher incomes, the citizens of those countrie...from market folly - Jan 27, 2011

 

JinkoSolar Enters Financing Agreement with Bank of China for Potentially Up to $7.6 Billion

...based in China, recently announced that Jinko Solar (also known as Jiangxi Jinko), one of the Company's wholly owned subsidiaries, has entered into a strategic cooperation agreement with   from Cean Edge - Jan 27, 2011  

 

China: The Emperor Wears no Clothes

...China’s business model of building for the sake of building constitutes one of the largest misallocation of capital the world has ever seen, one 30 years in the making. The government has traded its citizens’ standard of living for buildings, pollution, and power. read morefrom Hao Hao Report - Jan 27, 2011

 

China property stocks tumble after curbs

Mainland property stocks tumbled on Thursday after Beijing announced price controls for local governments to tighten mortgage requirements for second-homes.from SCMP Business - Jan 27, 2011  

Groupon in China, Part I: why it could succeed where others have failed

...entrance into China and a possible partnership with Tencent. The common theme in these articles is that “China is a tough nut to crack”, “foreign companies come to China to die”, “Groupon will be no different”, but few offered insights into why Groupon may or may not be different. Let’s be clear on one thing, China doesn’t kill foreign companies...from TechRice - Jan 27, 2011  

 

Memories of Hyperdevelopment: Chongqing Trip Report

...by the China that exists outside of metro line 3. However, I had been obsessing for months about the municipality of Chongqing, a radically unusual city even by the standards of contemporary China. When I found that I had a spare weekend, I finally took a trip there to explore. Instead of describing my trip, or offering a journalistic take on th...from The China Beat - Jan 26, 2011

Chinese Interbank Liquidity Collapse Leads To 45% Lending Rate Surge

...the China Securities Journal reported today, citing an unidentified bank official. In the meantime, SHIBOR refuses to pull back, hitting an unsustainable 8.05%, which is worse than Portuguese 10 year rates. Will this sustain? Unclear - the Chinese new year must pass and the recent surge in snowfalls will have to recede before a steady state eva...from zero hedge - Jan 26, 2011

 

Chartbook Du Jour: China By The Numbers

...measures of China for the year 2010, plus some of my observations, and thoughts regarding the country's path forward.  from zero hedge - Jan 26, 2011

Global X Introduces First Emerging Markets Growth and Value ETFs

...China 15.9% 20.9% - India 0.8% 11.8% - Mexico 0.5% 6.0% - Russia 26.7% 4.4% - South Africa 1.3% 9.6% - South Korea 24.8% 7.7% - Taiwan 7.4% 10.1% - Others 2.7% 8.7% Top Holdings     - Petroleo Brasileiro SA Pref 10.6%   - Gazprom 9.4%   ...from Invest With An Edge - Jan 26, 2011  

Bohai Economic Rim - future super city with 3% of the Worlds Population

...two of China's most important cities, is being ringed with a network of high-speed railways that will create a super-urban area known as the Bohai Economic Rim. China is merging Beijing/Tianjin and several other cities around the Bohai Sea into one big super-urban zone over the next several years. By 2020 there could be 260,000,000 people (3% o...from Next Big Future - Jan 27, 2011  

 

McKinsey has six predictions for China in 2011

...finds ways China may once again surprise the world 1. Inflation in food prices will take longer than expected to control. Chinese consumption patterns are shifting as people become wealthier—more meat eating requires more cereals to feed the animals. The food supply chain, running at the limit, is close to breaking, and the pressures this prob...from Next Big Future - Jan 26, 2011  

International Trade Issues – Why We’re At a Breaking Point

...China saga. As the US and [...]from MetalMiner - Jan 25, 2011  

 

Chinese plate-smashing

...the way China’s central bank prefers quantitative tools to supply and withdraw liquidity, such as open market operations or making banks hold more deposits, opposed to normal interest rates. To remind — simply hiking rates could encourage even more capital inflows into China, which makes maintaining the renminbi’s dollar peg harder. Problem is, ...from FT Alphaville - Jan 25, 2011  

Exclusive: China’s e-commerce boom hits a bump on logistics shortfall amid Festival demand

...more of China’s online retailers were forced to delay delivery of goods as express companies are severely shorthanded during the shopping season. Online purchases have surged in recent weeks as people around the country are preparing to celebrate the Lunar New Year, which falls on Feb. 3 this year, leaving the delivery sector running beyond...from Tantao News Network » China Focus - Jan 25, 2011  

A chart for the China bears

...China’s 7-day repo rate (essentially the cost of accessing cash) saw its biggest-ever single-day spike on Tuesday – jumping a full 242 basis points, hitting 7.65 per cent, its highest since October 2007. There are plenty of possible reasons for the spike – a rush to get cash ahead of Chinese New Year (to pay …Continue...from beyondbrics - Jan 25, 2011  

Chinese PE Firm Yun Feng Raises US$1.52 Billion

...China's private equity fund Yun Feng Capital has raised about 10 billion yuan ($1.52 billion) through two funds to invest in Internet, consumer and new energy firms in China, its chairman David Yu said.  from PEdaily Latest News -  

 

Tencent starts $760m gaming fund

...China's largest internet firm by market value, Tencent Holdings (0700.HK), announced plans to launch a US$760 million fund to invest in online games, social games and mobile games, Reuters reported, citing state media.  from CER Daily Briefs - Jan 25, 2011  

 

Top Contrarian Market Ideas for the New Year

...go long China and Russia Chinese President Hu Jintao and Russian Prime Minister Vladimir Putin Image: AP Trade: Buy Chinese, Russian and Korean stocks (NYSE:PTR) (NYSE:SNP) (NYSE:MBT)Why: Foreign investors return to emerging markets, larger markets likely to see more volatility and large markets have better valuations. Analyst: Geoffrey De...from Wall St. Cheat Sheet - Jan 25, 2011  

China to create largest mega city in the world with 42 million people by 2017

...China is planning to create the world's biggest mega city by merging nine cities to create a metropolis twice the size of Wales with a population of 42 million. The "Turn The Pearl River Delta Into One" scheme will create a 16,000 sq mile urban area that is 26 times larger geographically than Greater London, or twice the size of Wales. The new...from Next Big Future - Jan 25, 2011  

 

 Martin Jacques: Understanding the Rise of China

...of When China Rules the World: The End of the Western World and the Birth of a New Global Order, has just been posted online: Speaking at a TED Salon in London, economist Martin Jacques asks: How do we in the West make sense of China and its phenomenal rise? The author of “When China Rules the World,” he examines why the West often puzzles over...from China Digital Times (CDT) - Jan 24, 2011

Property Bubbles, Then and Now

...in 2010 China sounds a lot like Sam Zell of Equity Group Investments in 2005 America as he dismisses widespread fears that property markets are a dangerous bubble that could burst at any time. In this story at ChannelNews Asia, Lo cites land shortages and heady economic growth as fundamental drivers for high prices. “I don’t believe there is a p...from The Mess That Greenspan Made - Jan 24, 2011  

China economic news in brief — Jan. 24

...making Hubei China’s leading exporter of honey, lobsterling and eggs. Hubei’s honey exports hit 38 million dollars last year, up 11.3 percent from the previous year, according to the customs figures issued Monday. The province’s exports of vegetable products rose by 160 percent to 530 million U.S. dollars and those of grain products were up ...from Tantao News Network » China Focus -

 

James Surowiecki: Navigating risky Chinese stocks.

...China, it seems, has an inexhaustible capacity for making stuff, and Americans, even now, have an inexhaustible capacity for buying it: sneakers, TVs . . .from The New Yorker 

China Hongqiao plans $2.2bn HK listing

...China Hongqiao, one of China’s largest private aluminium makers, plans to go public in Hong Kong around Feb 11 in efforts to raise as much as $2.2bn, reports the FT. The group’s IPO plans signal new confidence in a sector beset last year by overcapacity fears andChina’s energy restrictions. The company will offer 1.74bn shares on the Hong Ko...from FT Alphaville - Jan 24, 2011  

China IPOs: BCD Semiconductor Looks Interesting

...China IPOs on tap include: BCD Semiconductor Mfg (BCDS) & Zuoan Fashion Limited (ZA) Five others are scheduled for the week of January 24, totaling $3 billion. from PEdaily Latest News 

*UPDATED* - Who is Li Shufu's "Associate"?

...known as China's largest "private" automaker. I put the term "private" in quotation marks because, in China, the meaning of the word is not quite the same as in most developed countries.As is generally well-known among China watchers, the government -- particularly local governments -- have influence on private businesses that goes beyond mere ...from ChinaBizGov 

Doc alert: International water technology

...Capturing China’s water needs: China occupies a prominent place in the global $483 billion market for equipment that treats, recycles, analyzes, desalinates, pumps and transports water - a market that’s expected to grow to well over $600 billion by 2016.China already ranks as the third-biggest market for water infrastructure, behind the U.S. a...from The Cost of Energy