From New Economist: China is emerging as a global investor, as numerous cross-border M&A deals attest. Andreas Lunding of Deutsche Bank explores the isues in a new research report, Global champions in waiting: Perspectives on China’s overseas direct investment. Here is the summary: A recent string of high-profile cross-border merger and acquisition deals involving Chinese […]
Read MoreFrom AFX via China Economic News: The China Banking Regulatory Commission reiterated that it will seek to strictly control loan growth loan by commercial banks this year, according to the commission’s vice chairman. In remarks carried on the commission’s website, Jiang Dingzhi warned banks to implement the government’s macro control measures effectively, adding that it […]
Read MoreFrom Bloomberg: China, the world’s second-largest energy user, plans to shut projects that pollute the Bohai Sea to protect the environment. China wants at least 80 percent of waste discharged in northern China’s Bohai area to be treated by 2010, Vice Premier Zeng Peiyan, said in a statement on the central government’s Web site yesterday. […]
Read MoreFrom Econbrowser: The Yuan has not been moving much. Or has it? And does it matter much for the U.S. current account deficit Secretary of Treasury Paulson‘s comments refocused attention on the Renminbi: [Paulson] repeated calls for more “flexibility” in China’s currency policy — a veiled message to allow the yuan to strengthen and the […]
Read MoreChina’s high household saving is largely due to unusually high enterprise and government saving. A new World Bank paper by Louis Kuijs asks: How will China’s saving-investment balance evolve? The answer is that “much of China’s high saving is the result of policies particular to China”, and that these very high levels of saving and […]
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