Cullen Roche submits:
Hugh Hendry, chief investment officer and co-founder of London-based Eclectica Asset Management LLP says the world is underestimating the risks in China and believes that GDP creation has overshadowed the lack of wealth creation in the region. This makes China one of the greatest risks to the global economy. Hendry [...]
Prieur du Plessis submits:
Non-manufacturing/services PMIs
The non-manufacturing/services PMIs released for December 2010 indicated that the global services or non-manufacturing sector reached robust growth levels: The JPMorgan Global Services PMI jumped to 57.3 from 54.6 in November. The Global Services PMI was strongly underscored by the U.S. being particularly strong [...]
Tim Iacono submits:
Jake over at EconomPicData charts the rise of China’s foreign exchange reserves after it was announced yesterday that the total had reached a new all-time high of $2.85 trillion at the end of 2010, begging the question of whether you can ever get too much of a good thing.
Complete [...]
Jarred Cummans submits:
China has long been considered one of the world’s most important economies, thanks to its massive size, tremendous potential, and impressive growth rates over the last two decades. With a population that is rapidly urbanizing, many predict the Chinese economy will be the largest in the world within just [...]
Alfred Little submits:
The meteoric rise of Youku (YOKU) last month cast a spell over Wall Street. Financial blogs and media outlets trumpeted the arrival of the “Youtube” of China and investors immediately ran wild with it. The hype caused the stock to skyrocket to almost $50 before crashing back down to $29 and [...]
ChinaBio Today submits:
PPD, Inc. (NSDQ: PPDI) announced a joint venture that will extend the services of its China drug discovery division, BioDuro, to include discovery of biotherapeutics. BioDuro will partner with Taijitu Biologics Limited (TBL), forming BioDuro Biologics. BioDuro plans to invest $25 million in the JV, while [...]
Jim Trippon submits:
China’s newest bombshell hit the markets in December and it continues to echo around the world. I’m talking about awe-inspiring China’s nuclear ambitions. Not bombs, but nuclear reactors. Lots and lots and lots of reactors.
The numbers are almost unbelievable. China intends to spend as much as half a trillion dollars on construction of [...]
Jim Trippon submits:
China kicked off the pre-Christmas week with an unexpected bang. Rather than raise interest rates again, Beijing held its fire. Although reserve ratios at several banks were tightened, that didn’t stop the party.
U.S. pundits missed the mark again. Most of them had been predicting a stiff interest rate hike by China to control [...]
Zack Buckley submits:
"To his credit, out of all the major figures [Alan Greenspan] was the only one who promptly said ‘I was a horse’s ass’ [...] I think we need more of that sort of thing"
~Charlie Munger
Complete Story »
Shane Farley submits:
The Sina (SINA) Weibo phenomena continues in China. Sina revealed today some very impressive growth numbers according to Marbridge Consulting.
Ali Yong, a marketing head at Sina, revealed at the DCCI Adworld 2011 advertising conference that Sina’s Twitter-like service is currently growing at 10 million users a month, and the company estimates that [...]