The Chinese Economy

Would Bankruptcy Stall GM’s China Growth? (Ian Rowley, BusinessWeek)

financialkungfumaster — Thu, 07 May 2009 16:39:31 +0000

Ian Rowley of BusinessWeek raises many interesting points.

Would Bankruptcy Stall GM’s China Growth? Despite the automaker’s many woes, GM executives say it’s business-as-usual in China. Some industry watchers aren’t so certain

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Chinese economy grows at slowest pace since records began (Malcolm Moore, The Daily Telegraph)

financialkungfumaster — Fri, 01 May 2009 16:43:01 +0000

Malcolm Moore raises many interesting points.

The Chinese National Bureau of Statistics said the growth in gross domestic product had slipped back from 6.8 per cent in the final quarter of last year.

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Nikkei Slips on Weak Tech, Banks (Phani Kumar)

financialkungfumaster — Thu, 23 Apr 2009 16:58:01 +0000

A great article by Phani Kumar of Wall Street Journal.

Asian markets ended mixed Wednesday amid concerns that stocks had risen too much too fast, with technology shares retreating on weak forecasts from Intel Corp. and India’s Infosys Technologies.

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Chris Oliver: China Rises on Upbeat Lending Data

financialkungfumaster — Wed, 15 Apr 2009 16:15:40 +0000

A short story by Chris Oliver at Wall Street Journal.

Asian markets closed mostly higher Monday, with Shanghai getting a boost from upbeat lending data and gains in resource shares, while Indonesia rallied after successful elections.

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Oz Minerals, China’s Minmetals in new $1.2bn deal (Rohan Sullivan, The Pantagraph)

financialkungfumaster — Wed, 01 Apr 2009 16:36:33 +0000

Another great article by Rohan Sullivan of The Pantagraph.

Struggling Australian miner Oz Minerals has struck a new, $1.2 billion deal with China’s Minmetals to work around government national security concerns about selling foreigners a mine on a sensitive military site.

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Interesting China Economy News Links (March 26, 2009)

financialkungfumaster — Thu, 26 Mar 2009 16:31:56 +0000

* U.S. Firms in China See Downturn (Mei Fong, Wall Street Journal)

Over a third of U.S. companies in China — a percentage that has grown sharply in the past year — say they expect their revenues to drop in 2009, according to a survey by the American Chamber of Commerce in China, reflecting the slowdown in the Chinese economy.

Stephen King: Monetary and fiscal policy can do little without a return of trust

financialkungfumaster — Thu, 26 Mar 2009 16:08:18 +0000

Here is today’s story from Belfast Telegraph on Barack Obama.

How bad is the current crisis? Bad enough for Barack Obama’s new US administration to reach a deal with Congress on an $827bn (�560bn) stimulus package, worth almost 6% of GDP if delivered in a single year.

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Interesting China Economy News Links (March 25, 2009)

financialkungfumaster — Wed, 25 Mar 2009 16:20:35 +0000

* China proposes replacing dollar as world currency standard (San Francisco Examiner)

Following a similar suggestion from Russia a few weeks ago, China central bank chairman, Zhou Xiaochuan, caled for the creation of a new currency to replace the U.S. dollar as the international currency standard. From the Wall Street Journal :

OC Metro: China’s love affair with autos…

financialkungfumaster — Wed, 25 Mar 2009 16:14:23 +0000

Here’s what the print edition of OC Metro has to say today on Fuchengman Dajie Freeway.

Looking out my 11th floor hotel window at the Fuchengman Dajie Freeway this dank Friday morning, its impossible to tell that half the privately owned cars in Beijing have been removed from the roadways. In a drastic step to dent Beijings legendary and exploding traffic crisis, government officials have banned up to 1.5 million cars from streets and freeways every day during the Olympic forte …

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China.com.cn: VP underscores growth target, int’l co-op amid crisis

financialkungfumaster — Tue, 24 Mar 2009 16:01:33 +0000

From China.com.cn. Here we go again:

Chinese Vice Premier Li Keqiang said Sunday China is confident and capable of achieving its 2009 economic targets and will strengthen cooperation with the international community to fight the global financial crisis.

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