overheating

A Former Premier of China Speaks

At The Atlantic, Damien Ma translates some “classic quotes” from a new collection of Zhu Rongji’s speeches and letters: “You (referring to cadres) are neither diligent nor independent. You go out drinking...

Risks of Overheating is Over for China

From Economic Observer Online: China has averted the threat of its economy overheating, concluded a recent report issued by China’s State Information Center (SIC) on the country’s present economic situation. The...

China’s Economy Still on Blistering Pace

The Shanghai stock market index slumped badly these days. Although the economy seems cooler now, the inflation is still high. The government has heavy pressure on macro-economy adjustment. From Los Angeles Times: China’s...

Small Investors In China Get A Lesson In Stock Bubbles

From International Herald Tribune : A year ago, investors like Guan Ling were ebullient. The mainland Chinese stock markets had climbed about 500 percent in two years, setting off a stock buying frenzy. When experts periodically...

China Turns to Economic Controls

An article from AP via Newsweek discusses China’s approach to its inflation problem, and also explores the possible consequences of the use of governmental controls in a capitalist economy. Fighting stubbornly high...

China’s Parallel Universe Fades – Geoff Dyer

From The Financial Times: There have been many casualties in the past few days of stunning share price declines and one of those could be the idea that the Chinese market operates in its own parallel universe. Mainland shares had attracted a huge amount of overseas interest in recent months, not just because of the […]

China Wonders if Its Stock Boom Is Over – David Barboza

The New York Times writes about fears that the sudden downturn in China’s stock market will create instability in the run-up to the Olympics: This country’s young stock market, which only came into being in 1990, has been prone to frenzied and hysterical buying and selling. Big price swings are closely watched, not just by […]

China’s Cabinet to Set Price Controls – Reuters

From Reuters via The Financial Times: China’s cabinet said on Wednesday that it would temporarily intervene in the market to curb price rises of basic necessities like food, underlining its concern over mounting inflationary pressures. China is currently facing its worst consumer inflation in 11 years, driven largely by soaring food prices. Inflation has sometimes […]

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