We suggest checking out the following links:
Joi Ito’s Web: China trip – “The Chinese market in general reminds me of Japan during the bubble. Everyone hugely optimistic, explosion of spending, explosion of brands and luxury goods, investors from all over the place flocking to participate.”
Beijing Newspeak: Mystery over death of Korean diplomat in Beijing continues [Anonymoused] – Cause of death unknown, although we can establish that he ate a tuna sandwich before he died. Face-saving diplomacy? Overwork? It’s a mystery for now
YouMeiTI: Hong Kong to Build free WiFi network: Building 1,000 WiFi hotspots – Hmm… Hong Kong seems to be ignoring the fate of Muni Wi-Fi in the US
The Daily Reckoning Australia: Australian Energy and Mineral Export Earnings Rise, Driven by China – “Henry made the case that Australia’s boom can continue even if America’s recession has just begun. The key is China’s growth”
Economist.com: Davos in the east – “The mayor of Dalian spoke enthusiastically about the city’s clean air, and handed out as gifts to favoured attendees not the usual local arts and crafts but hardback editions of Tom Friedman’s bestseller ‘The World is Flat’.”
Seeking Alpha: Buffett Sells More PetroChina Shares – “Warren Buffett sold another $136 million (HK $1.1 billion / 92.66 million shares) of his large stake in top Chinese oil company PetroChina Inc., according to a late-August regulatory filing”
Thestar: Malaysia remains a good market for equities – “Malaysia remains a sweet spot for equity investments in Asia despite the likelihood of the US slipping into recession due to the subprime loan crisis and the anticipated drop in private investments, according to JPMorgan. “
Pacific Epoch: Rumor: China Mobile To Delay TD-SCDMA Number Release – “China Mobile (NYSE: CHL; 941.HK) plans to delay its large-scale release of TD-SCDMA mobile phone numbers until April 2008”
Guardian Unlimited: Bank of England in dramatic intervention – “The Bank of England was last night forced to hand emergency funding to one of Britain’s biggest mortgage providers – Northern Rock – as it became the first major financial institution in the UK to run into serious trouble as a result of the credit crisis
FT.com / Asia-Pacific / China – Increased appetite for borrowing in China – Almost a third of affluent Chinese are looking to borrow, according to a survey to be released on Thursday by McKinsey, which also found that most affluent Chinese are seeking, but probably not getting, adequate financial advice.
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