There were two interesting and related articles Wednesday, both suggesting that the CBRC continues to be worried about the lending boom and is making what attempt it can to slow the growth of future problems. The first article, from Bloomberg, was about the CBRC’s plan to tighten rules for personal loans: China’s banking regulator said …
Read More…Archive for October, 2009
Chinese railways and speculating pig farmers
This weeks’ entry is fairly miscellaneous, a consequence both of the amount and variety of news coming out of China and my own hectic schedule, which prevents me from dealing with all of these issues in a more unified way. Between lots of investor meetings and finishing up a number of writing commitments, I am …
Read More…China’s September data suggest that the long-term overcapacity problem is only intensifying
The release of September trade data earlier this week was pretty interesting, although because of two or three extra working days last month, plus the very big holiday at the beginning of October which might have pushed activity into September, some of the comparisons are misleading. Exports were down 15.2% year-on-year, better than the expected …
Read More…Currency depreciation and global imbalances
The US trade deficit unexpectedly narrowed in August, according to the Commerce Department in a report released yesterday. Exports were up slightly and imports down, mostly because of a reduction in oil imports, I think, but the trade deficit was still a hefty 3.6% of GDP. So does this mean that the rebalancing is grinding …
Read More…The IMF warns about surplus countries and global imbalances
As Beijing slowly unlocks from its 60th anniversary celebrations – the streets are still relatively empty but more and more people are going out, although my local Starbucks still hasn’t reopened, forcing me to go elsewhere for my hardcore caffeine fix – a lot is still going on in the rest of the world. Both …
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