As an old Asia hand, Fat Dragon has seen lots of bubbles in his time.
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Dilemmas of interest
"Bursting China’s Bubble" screamed the headline. It could have been from the front page of the latest <i>Financial Times</i>, <i>Business Week</i> or <i>The Economist</i>, but it wasn’t.
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The ties that bind
Its share of Mainland investment has fallen, but as China becomes an economic colossus, Hong Kong stands to do very well.
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Cinda agrees bad loan buy-up
Cinda Asset Management Co has agreed to buy US$33.6 billion in non-performing loans from the Bank of China and the China Construction Bank. The move is part of an effort to improve the health of state banks ahead of stock market listings, state media reported. Cinda paid 30% of the loans' value to the banks, […]
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Energy plan approved
Energy conservation must be a top priority for and new sources of power generation need to be explored, the State Council, China's cabinet, announced. Approving an energy development plan from 2004 to 2020, the council said that while coal would remain the basis for much of China's power needs, oil, gas and other sources must […]