China: Slowing, But Still Growing
For all the fears about China’s debt load and slowing growth, The Wall Street Journal’s Tom Orlik contrasts China’s still-booming economy with those of Japan, Europe and the United States, and says that its...
hot money
Hot Money Returns to China
From Economic Observer Online: Short-term speculative funds, also known as hot money, have started flowing into China at an unprecedented rate as the country’s economy appears to slowly emerge from the global downturn....
China Currency Reserves Rise to Record $1.9 Trillion (Videos Added)
From Bloomberg: China’s foreign-exchange reserves rose to a world record $1.906 trillion, helping to strengthen the nation’s finances as the credit crisis threatens to trigger a global economic slump. Currency...
China Tightens Currency Controls To Curb Inflows
From AP: China has issued new controls on transfers of foreign currencies, moving to contain inflationary pressures by curbing the speculative inflows, or so-called hot money, that has been flooding into the country in recent...
China Must Improve Yuan Management to Curb Hot Money
From Bloomberg: China needs to better manage its exchange rate to curb accelerating inflows of “hot money” that pose a threat to the economy, the finance and economic committee of the nation’s legislature said....
China Tightens Scrutiny of Foreign Direct Investment
From Bloomberg: China tightened scrutiny of foreign direct investment to prevent “fake” ventures that the government said are acting as channels for speculative capital and endangering the world’s...
Hot Money Poses Risks to China’s Stability
Michael Pettis and Logan Wright reports in the Financial Times: In 2006 China shocked the world by adding $247bn to what was already the largest hoard of foreign currency reserves. In 2007, if correctly counted, China took in...
Rising FDI Reflects Inflow Of Hot Money
From China Daily: Foreign direct investment (FDI) in China rose 45.5 percent in the first half of the year, deepening worries that the inflow of “hot money” could lead to higher inflation. The Ministry of Commerce...
China To Crack Down Harder On ‘Hot Money’: Govt
From AFP: China will launch a forex monitoring system to scrutinise checks on the authenticity of export transactions, the government said, in its latest move to crack down on speculative capital inflows. Exporters must have...
The Standard: 22b yuan fuels Shanghai boom
From The Standard: More than 22 billion yuan (HK$20.68 billion) in “hot money” from overseas entered Shanghai’s property market last year, Xinhua News Agency said, citing a People’s Bank of China report....
Richard McGregor: China warns on speculative capital
From the Financial Times: China flag and money image China has issued an unusually outspoken warning about the dangers of excessive flows of speculative capital into the country and threatened “severe” punishment for...
AFP: China’s forex chief warns against “hot money”
From Channelnewsasia.com: China’s foreign exchange chief Guo Shuqing has issued a rare warning against “hot money” flowing into China, telling local governments not to attract foreign investment...
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