by Xinhua writers Li Baojie and Huang Xin
BEIJING, Dec. 12 (Xinhua) — China should focus more on the economic growth quality rather than on the growth pace as the rate could be well above 8 percent in 2009, a former deputy finance minister said Friday.
Jin Liqun, now chairman of the supervisory board of China Investment [...]
By Craig Stephen
“If you want to invest in China, do not try to pick winners among businesses. Instead, follow government policy.
That was the advice given by one seasoned China private equity investor speaking last week at Hong Kong’s annual Venture Capital Forum held at Cyberport. To be honest, I had expected some secret investment recipe [...]
by Bertel Schmitt
Chinese carmakers SAIC and Dongfeng have plans to acquire GM and Chrysler, China’s 21st Century Business Herald reports. LINK A National Enquirer the paper is not. It is one of China’s leading business newspapers, with a daily readership over three million]. This newspaper cites a senior official of China’s Ministry of Industry and [...]
JP Morgan announced in its report yesterday that “The Stimulus Package‿of Chinese government would help iron and steel demand to recover by the second half of year 2009.
It’s also predicted in the report that steel price would rebound from the bottom in the first quarter of next year.
Analysts indicated that present stage should be the [...]
1. A country that has GDP consists of 37% export depends -significantly on international market. And don’t forget the downward spiral effect -> less export means lower income for workers which will lead to lower domestic spending as well.
2. China -needs- 8% growth in GDP just to keep up with labor force size growth. A [...]
2008: there are 1.3 billion Chinese
Their favorite food PORK
2080 there are 2.0 billion Chinese
Their favaorite food PORK
Who is the most succesful pork conglomerate in China?
Zhongpin, Inc. (HOGS) (HOGS: 10.70 -8.55%)
On Oct 10 2008 they (again) raised estimates for 2008
Sales to be $ 550-$570 millions from $ 500 milion
Profits to be up to $ 1.17 a [...]
NEW YORK (MarketWatch) - China, the world’s second largest oil consumer, will complete the construction of its first of four strategic oil reserves by the end of this year, a move analysts believe can eventually help curb oil prices.
“If they can build up reserves in a reasonable pace, it should not have any significant impact [...]
I never cease to be amazed by the brain-dead “analysts” that are habitually quoted by Marketwatch. Anyone who is worth listening to should know that the dollar was being heavily bought by the Chinese government, early in the week. This happened, most likely, after the green light was given to them by the American administration, [...]
By EDWARD WONG
Published: August 5, 2008
KASHGAR, China — Old men on donkey carts drove through this ancient city’s warren of sand-colored alleys, foreign backpackers haggled with salesmen over wool carpets, and shops and markets were open for business. A few policemen wandered around, and the faithful flocked to mosques.
This frontier town 2,500 miles west of [...]
China looks to the Near West
Commentary: Having been burned in the U.S., China goes to Europe
By MarketWatch
NEW YORK (MarketWatch) — China Development Bank is in the position U.S. banks
were in a few years ago: seizing upon weakness overseas.
CDB (CDBZY) is readying a bid to buy a stake or more in Dresdner Bank AG,
according to reports. [...]
SAN FRANCISCO (MarketWatch) — A Chinese government economist reportedly warned
that China’s efforts to rein in inflation by allowing its yuan to strengthen
could be undermined by inflows of speculative funds, suggesting that the recently
rapid pace of appreciation could slow.
Official first-quarter fund flow data have not yet been released. But Zhu
Baoliang, the chief economic analyst of the [...]
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