From Bloomberg: China reported the slowest growth in government and corporate spending this year, the strongest indication so far that a government clampdown on investment is starting to bite. Fixed-asset investment in towns and cities climbed 21.5 percent from a year earlier, slowing from 27.4 percent in July, Qiu Xiaohua, head of the statistics bureau, […]
Read MoreFrom Bloomberg: China’s trade surplus rose to a record for the fourth straight month in August, adding pressure on Premier Wen Jiabao to let the yuan gain faster. The gap widened to $18.8 billion last month from $14.6 billion in July, the government-run Xinhua news agency reported, citing the Beijing-based customs bureau. The figure brings […]
Read MoreFrom The Wall Street Journal: Venture-capital investment in China doubled to US$480 million in the three months ended June from US$239 million in the year-earlier period, a new report said Thursday. The dollar value of total deals for the quarter was the highest in 2¬Ω years, and the number of transactions, 54, was the highest […]
Read MoreFrom The Wall Street Journal: China set foreign-exchange rules governing fund-management companies investing in overseas capital markets, as part of efforts to further liberalize the country’s capital account. The rules define the procedure for applications by fund-management companies for overseas investment, the State Administration of Foreign Exchange said in a statement on its Web site. […]
Read MoreFrom The Financial Times: The Chinese government has intervened in Zambia‘s upcoming presidential election in a forceful sign of the commodity-hungry country’s growing economic and political clout in Africa. Li Baodong, China’s ambassador in Lusaka, said Beijing might cut diplomatic relations with Zambia if voters elected Michael Sata, an opposition candidate, as president, Zambian media […]
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