I am in China this week to present our new Asia-Pacific
Regional Economic Outlook in Shanghai. I remain as impressed as
ever by China’s energy and vibrant growth, an impression that is
reinforced every time I return to this country.
One nice things about writing a
blog is that I don’t need to be topical. Not only can I write
worriedly about rising contingent debt levels three or four years before
they become obvious, but I can also revisit a controversy that took
place March involving Paul Krugman and Stephen Roach. I revisit this
old controversy because although the [...]
The massive investments by private equity firms
coupled with
an initial public offer (IPO) by SKS Microfinance has ignited a debate
about
the ethics and objectives of microfinance institutions (MFIs) in India.
The SKS Microfinance, the largest MFI in India
with substantial investments
by private equity firms and hedge funds, is planning to raise Rs.11,000
million
($250 million) through an IPO.
[...]
China’s National Bureau of Statistics released the March real
estate data today, and the record 11.7% y/y increase in the 70-city price
index is making waves. The major coastal cities saw large increases (Shenzhen,
20.1%; Beijing, 12.3%; Shanghai, 10.7%), while central and western cities
typically saw smaller gains. The rise in property prices in the two cities on
Hainan Island [...]
The following article is
the first of three examining the recent unrest
in Kyrgyzstan
and its implications. Part 2 tomorrow will deal with the regional
fallout
from the “Tulip Revolution V2.0” and Part 3 will examine in detail Washington’s
highest priority in Kyrgyzstan
- its ongoing access to the ManasTransitCenter
airbase.
The extraordinary events of last week in
Kyrgyzstan, which
saw the overthrow of President Kurmanbek [...]
(Part 2 in a three-part series)
The recent unrest in Kyrgyzstan
has largely been portrayed as an epic clash between U.S.
and Russian interests.
That said, interest in events in Bishkek extend far beyond Kyrgyzstan
throughout the regional and one should expect the following voices to add their
concerns as the situation evolves. While largely overlooked by media coverage,
their influence could [...]
Capitalist Roader Fund
The Shanghai Composite Index (SCI) closed up nearly 2% for the week. China COSCO (601919.SH), the Roader’s best performer this week, delivered a 2% gain, and its long-term prospects improved around expectations that it would successfully win its bid for a rate increase on US west coast [...]
Capitalist Roader Fund
The Shanghai Composite Index (SCI) closed down a little more than 0.3% for the week – basically unchanged, but still a recovery from Thursday lows that struck all of the Roader’s portfolio companies. Huaneng Power (600011.SH) lost 0.4% over the course of the week, echoing its lackluster [...]
Capitalist Roader Fund:
The Shanghai Composite Index (SCI) was up 2.6% this week, and the rising tide raised all of the Roader’s investments. Huaneng Power (600011.SH) gained 0.96%, and Guangshen Railway (601333.SH) rose 1.3%. Despite faltering during the middle of the week on tightening concerns and reports of a 37% decline [...]
Capitalist Roader Fund:
The Shanghai Composite Index (SCI) was down 0.07% this week, a rather muted reaction even as anticipation of currency revaluation hits a fever pitch. Huaneng Power (600011.SH) fell 1.6%, and Guangshen Railway (601333.SH) fell 1.3%. China COSCO (601919.SH) was basically unchanged for the week at a 0.2% [...]