Whether its telecoms or energy supplies China continues to find itself barred from entry to new markets. Canada’s Prime Minister plans to keep foreign SOEs from taking over Canadian companies. The Canadian government accepts the fact that slower growth will result to ensure that foreign control does not encompass key Canadian companies and resources. The… Continue reading Canada Verses China
This article talks about how some Chinese cities have attempted to decrease the risk of a housing bubble. Raising the second home down payment by 60-70% makes sure that investors in new houses can afford the house outright and if credit did become a problem less of an impact would occur. Even new first time… Continue reading Stopping the Bubble from Popping
China’s cost of borrowing has increased substantially over the past year. With many local governments using debt to pay for large projects and listed companies, excluding financial firms, debt has doubled since 2009. The People’s Bank of China promised to lessen debt leveraging by increasing borrowing costs. Currently in the US, interest rates are being held low… Continue reading Credit Crunch May Cut Off More Than China Can Chew
This article talks about a report publicized by Muddy Waters LLC which raised doubt on accounting practices of China’s NQ Mobile Inc. When a product is sold, it can be bought by a consumer in cash or credit. Companies will offer credit sales to allow consumers extra time to pay for goods which they might… Continue reading Accounts Payable Fraud?
Since the new President Xi took office reform has been mentioned in several articles I have read about China. The “third plenum” will bring together Chinese Leaders in an effort to set policy for years to come. Currently, promoting relations with Taiwan, relaxing government regulation in the financial sector, and “overhaul land and household registration… Continue reading Meeting to Promote Change in China
This article discussed survey results collected by the Berlin-based Transparency International. The formal survey, called “Transparency in Corporate Reporting consisted of 3 categories, reporting on anti-corruption programs, organizational transparency, and country-by-country reporting of revenue, expenses, and tax payments. After surveying 100 companies, the study showed that Chinese companies scored poorly overall. The car company Chery… Continue reading Transparency in BRICS
This article highlights the Chinese Government’s push for growth in the energy sector while overlooking environmental impacts of that growth. China wants to increase clean energy to 15% of total energy from 9% currently. China hopes to increase dam, nuclear, and other forms of clean energy to reach this goal. China’s water quality has deteriorated… Continue reading Dam-Building in China
China’s exports decreased by 0.3% according to the Chinese General Administration Of Customs. This coupled with an increase [in imports?] of 7.4% points to several trends occurring in China. The economic recession has eaffected demand for Chinese goods internationally. This could eaffect GDP growth for China. If exports drop, production within the country itself could… Continue reading China Export Decline and Import Increase
Throughout most of China, gambling is illegal. In Macau, the former Portuguese city, gambling alone last year raised [Macau Pataca? US$? RMB?] 38 billion in casino revenue. Macau’s casino industry before 2002 was a monopoly run by the Ho family. After 2002 the government issued six permits decreasing the market share the Ho family held… Continue reading Gambling
The magazine The Economist uses its own reference index for purchasing power parity. The Big Mac Index is used for comparing prices of goods in different economies. They use the price of a Big Mac in the United States to compare the purchasing power of consumers in the United States to the purchasing power of… Continue reading Purchasing Power Parity
Under the new President Xi Jinping; a wave of reform against corruption within China’s government has occurred. Jiang Jiemin, the minister of state-owned enterprises was charged with “serious violations of discipline” or corruption. Mr. Jiang along with several officials in the state-run oil industry have been charged as well.