AvatarChairmanMelWhen the Chinese levee breaks, aluminium editionFinancial Times - Izabella KaminskaJump to comments sectionPrint this page Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The following from Goldman Sachs, on what’s currently driving the aluminium market, kinda speaks for itself: And then there’s this …
AvatarChairmanMelThe Chinese Central Bank Freaked Out Over A Bank Lending Spike Unlike Anything It Had Ever Seen Beforeverified_publisherBusiness Insider - Joe WeisenthalThe final two weeks of June were characterized by market turmoil that seemed to stem from the actions of two central banks. First there was the Fed actions. Talk of the "taper" caused US interest rates to jump and equity markets to fall, as traders started to anticipate monetary tightening at an …
AvatarChairmanMelNew Developments Threaten To Burst China's Staggering Housing Bubbleverified_publisherBusiness Insider - Walter Kurtz,In late 2011 many were expecting China's property bubble to burst. It looked as though housing prices had peaked and signs of stress were beginning to appear (see discussion). But the correction turned out to be quite shallow and in spite of China's government's multiple attempts to arrest housing …
AvatarChairmanMelFlipboardIcon version of the Flipboard logoChina finds 'violations' in lending by state-owned banksbbc.co.uk - BBC NewsChina's National Audit Office (NAO) has said that some state-owned banks "violated" lending regulations. It said said 28.4bn yuan ($4.6bn; £2.5bn) of loans had been issued by some banks for projects without proper procedures or necessary guarantees. The regulator also reported that 18.4bn yuan was …
AvatarChairmanMelChinese credit cannot continue to grow at the current pace: RBCverified_publisherThe Globe and Mail - Eric LascellesGlobe editors have posted this research report with permission of RBC Global Asset Management. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following text is excerpted from the report: Chinese credit has …
AvatarChairmanMelChina’s ghost cities epitomize the problem with printing money Paul Krugman-styleverified_publisherQuartz - Manuel HindsIn a recent article in Quartz, Gwynn Guilford made the crucial point that the turbulence in China’s financial system is a debt crisis, not a liquidity crisis. She explains: What it means is that China’s massive stimulus from 2009 to 2011 sunk money into projects that are generating little or no …
