The stock market had a bad day today, with the SSE Composite down 3.62%, mainly on rumors that banks will be seeking to raise equity capital next year in response to their loan surge this year. On Tuesday Bloomberg reported that the five largest banks were supposed to have submitted plans to regulators for raising …
Read More…Archive for November, 2009
Lecturing each other on trade
I finally got back to Beijing Friday, and have spent the past five days getting over jet lag and struggling to climb up the seemingly bottomless pit of unanswered emails. For those many people who have asked me about the East coast tour of the Beijing musicians, I have to say it was really good …
Read More…What rebalancing of Chinese and American consumption?
Later today I am leaving to New York and DC for a week, so this may be my last post for several days since my schedule will be pretty hectic. Of course most of my trip will involve meetings with bankers, investors and some government officials, but the timing of my visit was based on …
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