From AFX via Forbes.com: The China Securities Regulatory Commission is considering a slowdown or de facto suspension of approvals for initial public offerings and other issues, amid concern about the glut of offers on the market following the lifting of the previous IPO ban, the South China Morning Post reported. The report added the previous […]
Read MoreFrom Financial Times: China’s central bank stoked expectations of further renminbi appreciation on Wednesday by saying the exchange rate could play a role in addressing international payments imbalances. The statement, in the People’s Bank of China‘s second quarter monetary report, came a day before China announced a record trade surplus for the third straight month […]
Read MoreFrom Bloomberg: China had a record trade surplus for the third straight month in July, adding to pressure on the government to let the yuan gain faster. The surplus widened to $14.6 billion from $14.5 billion in June, the Beijing-based customs bureau said today on its Web site. Exports jumped 22.6 percent and imports increased […]
Read MoreFrom China Daily via China Economic Net: China’s new policy on overseas investment in the property sector aims to curb hot speculative money from overseas, according to a spokesman for the Ministry of Construction quoted yesterday by Xinhua. “Compared to its huge population, China’s land resources are scarce and the nation faces land constraints,” the […]
Read MoreFrom MarketWatch: Opinions regarding China’s economic rise have generally been shaped by two hard-to-ignore numbers: one is the country’s current labor cost advantage, which is as much as 95% over multinationals in the U.S., Europe, Japan and South Korea; the other entails the prediction that in 30 years, China will become the world’s largest economy. […]
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