Roger Nusbaum submits:
The FT has this update from Jim Chanos and his opinion that China will crash. It turns out that he was really focusing on the property market. (Click chart to enlarge)
One part of the call I did not understand was that since Chinese markets are way below where they were a couple [...]
Most western media over the last week have been reporting that the Chinese authorities have been “tightening.” This simply isn’t true.
The reality, as I said in my NDTV interview last month is that they are still lending at an astounding level. Their current projections came out this morning, and they want to lend about [...]
The Inflection Point submits:
In our piece a few weeks back, we made the case for both Jim Chanos and Jimmy Rogers as being both right and wrong on China. After some further thought and, more importantly, after recent developments within China, we now feel that Jim Chanos may have the upper hand with his [...]
Marc Chandler submits:
Local press reports have emphasized the Chinese sliding reserve requirement.
The explosion of new bank lending (reports suggest CNY1.45 trillion or ~$212 billion) in the first three weeks of the year appears to have slowed considerably under the administrative measures, but there is some speculation that Chinese officials seek to tighten their control by [...]
Michael Pettis submits:
This will be an unusual entry in that rather than focus on economic analysis I want to address one of the too-widely-repeated myths common outside China which, I think, may distort some of our understanding of China’s growth trajectory. One of the more absurd claims often made by foreign observers with [...]
Kelvin Schulle submits:
On Tuesday, the agriculture sector rallied on the Shanghai stock exchange. According to stockstar.com and xinhua news report the government released a new policy to invest in the agriculture sector to expand production and meet rising food demand in the country. It is also intended to boost income of the nation’s 80% population [...]