From Financial Times: China’s economy grew 10.4 per cent in the third quarter, slowing markedly from the first half of the year and showing the government’s controls on investments and land use are taking effect. The slowdown means the government is less likely to introduce further tightening measures, such as interest rate rises, until the […]
Read MoreFrom the Wall Street Journal: Economists expect data to be released tomorrow to show China’s economy logged another strong quarterly expansion, despite back-to-back tightening measures aimed at slowing growth in investment and lending. China’s gross domestic product in the third quarter is likely to have grown 10.5% from the year-earlier period, according to the average […]
Read MoreFrom The Christian Science Monitor: With its rooftop turrets and fancy brickwork, the Moller Villa is a throwback to the Roaring ’20s, when the treaty port of Shanghai, China, was a byword for speculative excess. Built by an Englishman, the Norwegian-style hotel now rents luxury suites to foreign bankers lured by the promise of China’s […]
Read MoreAfter ICBC made its world-record IPO in Hong Kong and Shanghai, Citic Bank is planning a dual listing too. This is just another example of China’s banks’ craze for listing. So far, there are 4 mainland banks listed either in Hong Kong or in Shanghai: ICBC, Bank of China, China Construction Bank, China Merchants Bank. […]
Read MoreFrom Financial Times: Wal-Mart, the world’s largest retailer, on Monday night appeared close to sealing a landmark $1bn acquisition in China, after emerging as the leading bidder in a year-long auction for Trust-Mart, China’s second-largest hypermarket chain. People close to the negotiations said that Wal-Mart had edged out France’s Carrefour and local competitors, but cautioned […]
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