China Economic ReviewRussell Flannery, Forbes magazine's man in Shanghai who composes the 10-year-old "China Rich List", said tracking China's 400 involves threats of violence and offers of bribery, reported the South China Morning Post. Often candidates want to stay off what is known as the "death list" as it can prompt official investigations and death for ill-gotten […]
The People's Bank of China said money supply (M2), was up 18% at the end of October year-on-year, the Wall Street Journal reported. The consumer-price index rose 1.2% in October from a year earlier. In the January-October period, China's CPI rose 1.9%, the National Bureau of Statistics said. That is still lower than the central […]
Seven explosions ripped through the Jilin Petroleum and Chemical Company plant in Jilin city, Jilin province in northeast China, state media reported. A total of 30 people were injured and 10,000 more were evacuated from the area of the blast, which blew out windows 200 meters away. Thick black smoke covered the area.
There is widespread speculation among traders in London over the disappearance of Liu Qibing, a trader with the State Reserve Bureau, who is said to have built a big short position on the London Metal Exchange, reported the Wall Street Journal. London dealers say Liu took short copper positions amounting to 100,000 to 200,000 tons. […]
Asia Pacific countries have warned that global trade talks could collapse unless progress is made on agricultural subsidies at the WTO meeting in Hong Kong next month. The sentiments are expressed in a draft statement, seen by AP, that is being considered by the 21 APEC member countries meeting this week in South Korea. The […]