Amid a market rout that brought Chinese stocks to a five-year low, a state media that continues to push blindly optimistic economic bromides, and a constricted online environment in which the Ministry of State Security has...
Xinhua reports that the disastrous impact of the earthquake that struck Ya’an prefecture, Sichuan province on April 20 will likely have little lasting effect on China’s economy: “From what we have learnt from...
Investment banks such as Goldman Sachs are lowering their projected growth for the Chinese economy given the recent monetary tightening policies enacted by the Chinese government in an attempt to curb inflation. From Bloomberg...
From The International Herald Tribune: Public companies in China, among the world’s worst stock market performers in 2005, started the year with a new tool: stock incentives to improve profits and governance. Incentive programs, involving as much as 10 percent of a company’s stock, have been allowed since the start of the new year, the […]
From the International Herald Tribune: China is starting to tackle the problems at the root of a four-year stock market slump, but experts caution that it is too early to crack open the Champagne. In the third quarter, the Shanghai and Shenzhen stock exchange indexes, the benchmarks for China’s domestic share markets, surged about 25 […]
From Asia Times Online: China is one of the most savings-oriented nations in the world: total personal savings deposits amount to over 12 trillion yuan (US$1.48 trillion), or around 50% of income. For thousands of years people have been accustomed to putting money under the mattress, and the intermediating role of a banking system has […]
From Asia Times Online: China’s shares this week hit their lowest intra-day level in nearly six years due to a piling up of weak investor sentiment. The benchmark Shanghai composite index, which groups together foreign currency B shares and local currency A shares, slid 0.46% on Monday to close at 1,200.113 points after initially docking […]
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