destefano

Second Bond Default

Published on April 1, 2014 Author destefano

Another Chinese company, has failed to pay interest on high-yield bonds. Xuzhou Zhongsen Tonghao New Board Co., a Chinese building material company, missed a 10% coupon payment due March 28 on $29 million worth on notes it sold last year in a private placement. This makes it the first “default in China’s private placement market… Continue reading Second Bond Default →

Corruption Crackdown spreads to Military

Published on April 1, 2014 Author destefano

Charges have been filed against a former senior military official, Lt. Gen. Gu Junshan, as part of a “far-reaching inquiry under President Xi Jinping, [signaling] his determination to make high-profile examples out of dishonest military figures.” Former Lt. Gen. Gu, who was dismissed from the military to year ago, has been accused of a land… Continue reading Corruption Crackdown spreads to Military →

Selling Clean Air

Published on March 31, 2014 Author destefano

With high air pollution levels in Chinese cities, people are beginning to sell mountain air. Yesterday, the Laojunshan Mountain Nature Reserve shipped 20 bags of air,a distance of 120 miles, to the capital of the Henan province, Zhengzhou. Citizens of one of the ten top most polluted cities in China lined up, to pay for… Continue reading Selling Clean Air →

Does China need Safety Nets?

Published on March 25, 2014 Author destefano

As signs show that China’s economic growth is slowing down, China’s government is to beginning to look at ways to keep economic growth at their desired rate of 7.5% a year. As stated in previous post, the government has a number of strategies that could combat economic slow down including “cutting bank reserve requirements,loosening of… Continue reading Does China need Safety Nets? →

Strike at IBM Factory in Shenzden

Published on March 13, 2014 Author destefano

At least 1,000 workers at the IBM factory in Shenzden went on strike last week after it became apparent that IBM is planning on selling their factory to Chinese PC maker Lenovo. Over the past eight days, workers have paraded through the factory grounds yelling “IBM is a sweatshop, IBM give me respect, IBM give… Continue reading Strike at IBM Factory in Shenzden →

China’s Gold Demand

Published on February 10, 2014 Author destefano

In 2013, China’s consumption of gold increase by 41 percent, exceeding 1,000 tons for the first time, and making China the worlds leading consumer of gold. The increase in gold consumption was spurred on by the expectations that U.S. Federal Reserve will scale back its monetary stimulus, causing the drop in gold prices; the first… Continue reading China’s Gold Demand →

Knock-Off Seeds

Published on February 7, 2014 Author destefano

Over the past couple of decades, many Chinese companies have been accused of economic espionage, and it has become commonplace to see Chinese knock-offs in everything from electronics to fashion. However, it seems as if the agriculture sector with begin to also feels the effects of Chinese economic espionage. Within the last year, there have… Continue reading Knock-Off Seeds →