China - Economic Data & News 05 (Oct 10 - Jun 11)

Re: China - Economic Data & News 05 (Oct 10 - Jun 11)

Postby winston » Thu Jun 23, 2011 11:59 am

DJ MARKET TALK: China's Continued Slowdown Not A Surprise -Citigroup

0341 GMT [Dow Jones] HSBC China preliminary PMI shows economic slowdown, but "continued slowdown is not a surprise to the market, as what the market is concerned is if this is a hard landing or soft landing.

If the PMI falls below 50, that will be a problem," says Citigroup economist Ken Peng. PMI falls to an 11-month low of 50.1 in June. The HSI is down 0.8% but recouping losses from its intraday low, while the Shanghai Composite turns higher, up 0.2% at 2779.73.

The AUD, which is sensitive to the outlook for Chinese growth and Chinese demand for commodities, was basically steady against the greenback after the release of June PMI.

Source: Dow Jones Newswire
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Re: China - Economic Data & News 05 (Oct 10 - Jun 11)

Postby winston » Fri Jun 24, 2011 7:05 pm

winston wrote:Corrupt cadres fled with 800b yuan

As many as 18,000 corrupt mainland officials may have fled the country with as much as 800 billion yuan in ill-gotten gains in less than two decades, according to a study .

Source: SCMP



China .Wen Says Concentrated Power Fosters China Corruption

Chinese Premier Wen Jiabao told Communist Party members that too much power is concentrated among government officials, a situation that must change to solve corruption issues.

“Each party member and cadre must abide by the law, be cautious and prudent, and practice self-discipline,” Wen said yesterday to party members gathered in Beijing for an award ceremony, according to China National Radio. The comments come ahead of the party’s 90th anniversary on July 1.

China this year has made an anti-corruption campaign its top priority in an effort to address mounting discontent over the abuse of power and a widening income gap. Wen in February pledged to root out misrule and said the government will monitor its officials, without elaborating.

“The anti-corruption situation is still grim while the work is very arduous,” Wu Yuliang, the deputy secretary of Central Commission for Discipline Inspection, said in Beijing yesterday. “We are at a stage where corruption is frequent and prone to happen,” according to a transcript by the official Xinhua News Agency.

The government investigated 139,621 corruption-related cases last year, Wu told reporters without giving comparative figures. The department probed 115,420 cases during the first 11 months of 2009, Xinhua cited Wu as saying in January 2010.

Corruption White Paper
The State Council issued China’s first white paper on corruption in December and has established a system requiring government officials to report their incomes, real estate and investments, as well as the occupations of their spouses and children.

The probe of former Minister of Railways Liu Zhijun is the latest sign of the fight against high-level abuse of power. Liu in February was dismissed and placed under investigation for “severe violations of discipline,” language usually used in corruption cases. Wu declined to give details of Liu’s case yesterday, adding “it’s still under the process of investigation.”

Public discontent remains high. Internet users have set up websites including woxinghuile.com -- meaning “I bribed” -- that are designed to disclose their own experiences of bribing government officials.

http://www.bloomberg.com/news/2011-06-2 ... ption.html
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Re: China - Economic Data & News 05 (Oct 10 - Jun 11)

Postby winston » Sat Jun 25, 2011 8:57 pm

Fixed-asset investment remains greater than 50% of GDP in China, for the 12th year in a row.

No other country has ever had more than nine years of this kind of sustained fixed-asset investment.

In the first five months of 2011, fixed-asset investment grew by 25.8% according to China's National Bureau of Statistics. That's $1.39 trillion worth of investment.


Source: S&A Digest
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Re: China - Economic Data & News 05 (Oct 10 - Jun 11)

Postby winston » Mon Jun 27, 2011 7:00 am

So what's new ?

China to stimulate domestic demand: Wen

LONGBRIDGE (England) - China plans to stimulate domestic demand and reduce its foreign trade surplus to encourage balanced trade growth, premier Wen Jiabao said on Sunday during the British leg of a visit to Europe.


Source: Reuters
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Re: China - Economic Data & News 05 (Oct 10 - Jun 11)

Postby kennynah » Mon Jun 27, 2011 7:06 am

but will the ordinary Chinese become spendthrift?
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Re: China - Economic Data & News 05 (Oct 10 - Jun 11)

Postby winston » Mon Jun 27, 2011 7:18 am

Instead of buying luxury goods in Europe & HK ( and selling them at a profit in China because there's a 30% difference ), they will probably remove that 30% differential now to try to keep some of those money in the country.

It will take time for people who's used to running a controlled economy, to really understand market forces.

I would be very careful about buying the retailers in HK from here.
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Re: China - Economic Data & News 05 (Oct 10 - Jun 11)

Postby winston » Mon Jun 27, 2011 9:17 am

*DJ China Premier Wen Jiabao: Inflation Below 5% Achievable This Year

Source: Dow Jones Newswire
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Re: China - Economic Data & News 05 (Oct 10 - Jun 11)

Postby winston » Mon Jun 27, 2011 12:02 pm

Do you know what's going on ?

*DJ China Auditor: Found Irregular Debt Guarantees, Debt Issues By Some Local Governments


Source: Dow Jones Newswire
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Re: China - Economic Data & News 05 (Oct 10 - Jun 11)

Postby winston » Mon Jun 27, 2011 1:56 pm

DJ MONEY TALKS: China To Discover The Problems Of Being Rich

--China's status as the world's premier creditor is a risk

--Foreign financial assets can be confiscated through inflation

--Physical assets can be confiscated through taxation

Source; DOW JONES NEWSWIRES
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Re: China - Economic Data & News 05 (Oct 10 - Jun 11)

Postby behappyalways » Thu Jun 30, 2011 10:54 pm

黑人唱紅歌

http://www.youtube.com/watch?v=bZ6lwdXDbbY
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