Three interest rate cuts in six weeks, the rolling back of various measures imposed last year on the property and manufacturing sectors, and state spending on urban fixed-asset investment up 42% in the first half of 2008 (and that’s only for starters)… China is taking monetary and fiscal measures to offset slowing growth. Beijing spent […]
Category: This Week in China
What we’ve been reading recently: Economic Observer Online – Sinopec Unlikely to Enjoy Global Oil Price Slump – So much for falling oil prices helping China’s squeezed refiners Slate Magazine – Countdown to the Obama Rapture – Why an Obama victory could lead to performance anxiety among journalists BBC – China faces getting rich less […]
Henry Paulson, the US Treasury secretary, spoke recently at the annual gala of the National Committee on US-China Relations in New York. Unsurprisingly, the global financial crisis and the role China can play in averting a worst-case scenario (or, perhaps, averting another worst-case scenario) featured strongly in his speech, as did the progress made by […]
A year ago today, the SCI closed at 5,843.11 points. Now that it’s around 1,830, we’re looking for ways to derive some non-monetary value from its ungraceful plummet. With that in mind, the Capitalist Roader Fund presents “Going down in history with the SCI.” Today, we’ve passed the British North America Act that led to […]
What we’ve been reading recently: China Media Project – Even if the mayor transforms into an octopus… – Does the mayor of Changzhi (in Shanxi province) allegedly handing out 960,000 name cards to local people really equate to the creation of a "new deal" for the city? China Daily – Obama an overwhelming hit with […]
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