ChinaDailyNews,Week 11,2011
...China’s government has faced a daunting job to rein in inflation, as the National Bureau of Statistics reported Friday that consumer prices rose persistently in February despite Beijing’s rammed-up efforts to control credit supply. The bureau reported that consumer price index (CPI), a major gauge of inflation, rose 4.9 percent in February
Tencent 4Q10 profit rises; steps up offshore expansion
Tencent Holdings (0700.HK) booked a 46% rise in fourth-quarter net profit to US$355 million on the back of a 50% rise in sales to US$837 million, Bloomberg reported.
Risk is off, but China is still on
...the leveraged China bet. If we say AUD/USD is “CHINA” and AUD/CHF is “RISK”. You can see in the chart below where the AUD/USD is the light blue line and AUD/CHF is the red line that “CHINA” is holding up but “RISK” has absolutely tanked.
No Change In Beijing’s Hukou System
...China’s hukou system has long been cited as an institutionalized source of inequality and disparity among the population and a source of population control. Despite recent talks of hukou reform, it seems that cities are opting to keep it as is. From China Daily:
China’s shoppers: going strong
...of FT China Confidential Overall, China’s total bank lending slowed for the second consecutive month in February in response to Beijing’s monetary tightening agenda. But while total lending may be falling, signs suggest that upbeat consumers are bolstering consumer lending.
China Suspends New Nuclear Projects as Radiation Fears Spread
...expansion of China’s own nuclear power capacity, the Wall Street Journal has reported a suspension of approvals for new nuclear projects: Details are vague about how China will conduct its safety review.
Chinese Property: The Most Important Sector in the World
...milestone for China’s ever-rising economic profile: UBS emerging-markets economist Jonathan Anderson has declared China’s property industry “the single most important sector in the entire global economy.”