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...
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LatestRisks 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 Monetary Policy Is `Too Tight,’ Bankers Say
From Bloomberg: Chinese bankers say monetary policy is too tight and their expectations for interest rates to rise have eased, a central bank survey showed. Policy is “tight” or “too tight,” according to...
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
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
Photo: An Attempted Suicide on Wangfujing as the Stock Market Fell – Dwnews.com
A man tried to commit suicide in Wangfujing business center in Beijing, when the Chinese stock market slumped recently. A group of policemen hurried there and tried to save him. From
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,
China’s Central Bank Chief Reaffirms Tight Money Policy for 2008 – Reuters
From Reuters via International Herald Tribune:
China’s central bank will implement a tight monetary policy in 2008, using a range of tools to keep a check on liquidity, the
Banner Year for China Stocks – AP
From AP via CNNMoney.com:
China’s stock market wound up a stellar – and turbulent – year Friday, with its benchmark Shanghai Composite index having soared nearly
China’s IPO Juggernaut Thunders On – Sundeep Tucker
The year of 2007 is regarded as a year of overheating for the Chinese economy, especially in the financial market. This year, IPOs and domestic merger and acquisition activities in
China to Order Banks to Raise Cash Reserves – David Barboza
From New York Times:
China said today that for the 10th time this year, it would order banks to raise the amount of cash they set aside, in order to curb inflation and prevent the economy
China in Fresh Curb on Bank Lending – Jamil Anderlini
From The Financial Times:
China is to extend a clampdown on new bank lending into next year because of fears that rising inflation could become unmanageable, according to bankers,
China Plans `Tight’ Monetary Policy Next Year to Cool Economy – Li Yanping
From Bloomberg:
China plans to shift to a “tight” monetary policy in 2008, signaling the government may raise interest rates further and allow quicker currency appreciation
Chinese Developers Plan HK Issue – Sundeep Tucker
From The Financial Times:
Two property developers based in southern China plan to list in Hong Kong next year, underscoring the continuing appetite for development capital to take
China’s Central Bank Raises Reserve Requirement For Banks Again To Try To Slow Economy – AP
From AP, via International Herald Tribune:
China’s central bank ordered commercial banks Saturday to keep more money on hand, raising a key reserve requirement yet again
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